Metsä
Metsä Board will not invest in the Kaskinen folding boxboard mill
Metsä Board announced on
The pre-engineering has now been completed and Metsä Board has decided not to proceed with the investment in the Kaskinen folding boxboard mill. The total cost of the planned investment was significantly higher than originally estimated, meaning that the targets for payback time and return on capital employed would not have been met. Metsä Board will write down the costs of the pre-engineering, in total approximately
Metsä Board plans investments in its existing mills
Metsä Board has decided to launch programmes for new product options as well as growth and development investments at its existing mills in order to implement its strategy to grow in fibre-based packaging materials and renew its industrial operations. The programmes will support Metsä Board's target of fossil-free production by the end of 2030. In addition, the company will continue to develop packaging solutions that reduce the use of plastics.
At the Husum integrated mill in
Metsä Board launches a major investment programme to modernise the Simpele board mill, which will be implemented in phases. The programme includes renewals in the mechanical pulp production, in the pre-drying and coating section of the paperboard machine as well as in the finishing area. The programme also includes a new power plant. As a result of the programme, the quality, performance and cost competitiveness of the folding boxboard will improve, and the production capacity will increase.
At the Kyro board mill, an investment programme will be launched to improve the performance of the current barrier board and expand its end-use areas.
The total estimated investment cost of the Simpele and Kyro paperboard mills is
Metsä Board will regularly report on the progress of the investments in its interim reports and, if necessary, in separate releases.
METSÄ BOARD CORPORATION
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Katri Sundström, VP, Investor relations, tel. +358 10 462 0101
Metsä Board
metsagroup.com/metsaboard
Metsä Board is a producer of lightweight and high-quality folding boxboards, food service boards and white kraftliners. The pure fresh fibres we use in our products are a safe, renewable and recyclable resource, that can be traced back to northern forests. We aim to have completely fossil free mills and raw materials by the end of 2030. We promote a culture of diversity, equality and inclusion.
Metsä Board is listed on the Nasdaq Helsinki. In 2023 our sales totalled
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