Stora Enso invests 43 million Euros in wooden building element production in Varkaus, Finland
Wednesday, February 4, 2015 11:15 am
Stora Enso is investing Euro 43 million in a new production line for wooden building elements located in Varkaus, Finland. Production is scheduled to begin in the second quarter of 2016. The estimated yearly capacity of the production line will be around 100,000 cubic meters. The investment is expected to generate annual sales of Euro 50 million when run at full capacity and over time significantly exceed Stora Enso's ROCE target of 13%, the company said. "This investment is part of Stora Enso's transformation to a customer-focused renewable materials company. With this investment we will be able to meet growing urban construction needs, serve new geographic areas and markets and offer our customers a wider range of wood product solutions," says Jari Suominen, EVP, Head of Stora Enso's Wood Products.
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