Koskisen Corporation press release on 4 June 2024 at 09:00 a.m. EEST
The wood products company Koskisen is expanding its operations and investing approximately EUR 3 million in the Kore business, which manufactures interior solutions for light commercial vehicles. The investment will focus on machinery, such as CNC machines and other needed equipment from the production point of view. The new production unit to be established in Skwierzyna, Poland. The already completed production facilities have been leased for a long-term agreement with a purchase option.
With the new production unit, the production facilities of the Kore business will grow from the current 3,000 m2 to 8,000 m2. The new facilities enable scaling of production capacity to more than double. The investment supports the expansion of Kore's product range into new end-uses and the expansion of the current market area.
"Expanding the Kore business is one of the growth paths of our recently updated strategy and aims at Kore's profitable growth through new products and customers," says Tom-Peter Helenius, Director, Panel Industry.
Key market drivers support the investment in the new production unit. Growing logistics volumes, strong growth in e-commerce deliveries and electrification are increasing the demand for light commercial vehicles and wood panels used in their equipment and interior solutions.
"The investment will clearly improve Kore's competitiveness and ability to add value to our customers, and at the same time it will become a significant player in its main market area in Europe," says Jori Silfverberg, Director, the Kore business.
Kore products, which include floor and lining components, wheel arches and accessories for light commercial vehicles, are manufactured according to customer requirements from plywood and other materials.
Koskisen started producing interior solutions for light commercial vehicles under the Kore brand in Toporów, Poland, in 2010. The production unit currently employs about 70 people. The personnel requirement for the new unit to be established in Skwierzyna is approximately 30–40 employees. The Kore business is part of the Panel Industry segment.
For more information, please contact:
Sanna Väisänen, Director, Sustainability and Communications, Koskisen Corporation
sanna.vaisanen@koskisen.com
tel. +358 20 553 4563
Koskisen is an international wood processing specialist with more than a century of experience and known for its agility and ability to listen to the customer. We utilise our valuable wood raw material as thoroughly as possible, up to the last particle of sawdust. We manufacture high-quality and sustainable circular bioeconomy products that store carbon for decades. The Group’s revenue in 2023 was EUR 271 million. Read more: koskisen.com
