Metsä Group Planning to Invest EUR 200 Million in the Construction of a Kerto® LVL mill in Äänekoski, Finland

Metsä Wood, part of Metsä Group, is planning to construct a new Kerto® LVL mill on its expanding mill area in Äänekoski, Finland. The investment of approximately EUR 200 million is pending the completion of a local detailed plan for the area. The annual Kerto LVL production capacity of the new mill, which will be constructed in phases between 2022 and 2026, will be approximately 150,000 cubic meters. This means an increase of some 50 per cent in Metsä Group’s current Kerto LVL production. The mill will be a global forerunner in its field in terms of its technology and efficiency.

The new Kerto LVL mill is expected to use around 375,000 cubic meters of log procured from Finland.

In a statement, Ilkka Hämälä, President and CEO of Metsä Group said about the planned facility, “We create profitable growth by processing Finnish wood, and our operations are guided by the principles of sustainability. In the next few years, we will be increasing our production of products that store carbon over a longer period of time, and the new Kerto LVL mill is the next step in this process. As wood is the most environmentally friendly construction material, we believe that the demand for resource-efficient and high-quality Kerto LVL will continue to be strong. Finland needs more investments and a strong belief in the future.”