Koskisen Corporation, press release 12 December 2024 at 09:00 a.m. EET
Koskisen is launching a comprehensive investment program in the plywood production of its Panel Industry business in Järvelä. The investment program will extend through Koskisen's strategic period, until the end of 2027. The first phase of the investment program will be implemented during 2025, with the total value of the related investments amounting to approximately EUR 12 million.
"In line with our strategy, we are creating sustainable growth, and the focus of investments is now strongly shifting to Panel Industry side. In recent years, we have invested heavily in Sawmill Industry: the total value of investments in the new sawmill and related operations, such as the log field to be commissioned at the beginning of 2025, is approximately EUR 75 million," says Jukka Pahta, CEO of Koskisen.
According to Pahta, the demand outlook for Koskisen's wood products is stable and will strengthen, driven by the green transition, urbanisation and the development of trade and transport. Long-term carbon-sequestering wood products are a key part of a more sustainable circular bioeconomy.
The systematic investment program in the Panel Industry enables volume growth, streamlines production, and facilitates the associated internal logistics. The planned investments also include the automation of production stages.
"The key objective of the investment programme is to improve the productivity, quality and yield of plywood production. As a result of the programme, the plywood production capacity will increase from the current 65,000 m3 to 85,000 m3. This requires significant development and investment in the machinery base," says Tom-Peter Helenius, Director, Panel Industry.
In the first phase of the investment programme, the focus is on developing the work phases related to veneer production. The plywood mill produces tailor-made and high-quality birch plywood products for light and heavy transport vehicles, die cutting tools, interior decoration and furniture. The largest customer segments are the automotive, transportation, construction and furniture industries.
"The existing production line has been built in stages and currently imposes restrictions on production development and volume growth. It is great that with the investment program now being launched, we have the opportunity to look at things with fresh eyes by modernizing the various stages of production and their interrelation," Helenius says.
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
