Finland's Metsae Fibre starts pre-engineering for EUR 1.7 billion investments

摘要

Metsa Fibre, part of Metsa Group, commences pre-engineering projects related to building a new bioproduct mill in Kemi and a new sawmill in Rauma, Finland. If implemented in full, the total value of the investments would amount to approximately EUR 1.7 billion during 2020-2023. The investments in Kemi and Rauma would increase Finland's annual income by approximately EUR 0.6 billion, exports by approximately EUR 0.7 billion, and the positive employment impact in the direct value chains would be roughly 2,000. The construction phases would generate a positive employment impact of approximately 11,500 person-years. The Kemi pulp mill related prefeasibility study, launched in May 2018 has been finalized. The study included two alternatives: building a totally new bioproduct mill that would be clearly bigger in size than the current Kemi pulp mill or alternatively extending the life cycle of the current mill by modernizing several departments. In the study, the availability of wood raw material and the development potential of Kemi's industrial infrastructure and logistic connections were examined in particular.