Monday, October 11, 2021
Koskisen continues investment in Finland, with an investment of EUR 48 million in a production unit to initiate in summer 2023. It is expected that the new units’ yearly production capacity will be 400,000 cubic metres of softwood sawn timber. The investment is a continuation of the further processing capacity expansion carried out in 2020 and the power plant investment in which heat production was converted entirely to biofuel.
It is expected that the company’s investment will increase the company’s annual net sales by tens of millions of euros, a significant share of which will come from export revenues.
“This investment is the largest in the company’s history and extremely significant strategically speaking. The new production line, coupled with our major processing capacity, makes Koskisen’s Sawn Timber Industry one of the most competitive players in its field, with one of the highest degrees of further processing,” says Koskisen Group’s CEO Jukka Pahta.
“The use of renewable materials, especially wood, is expected to increase significantly in the future. Responsibly managed Nordic forests and wood products made with the environment and effective use of raw materials in mind offer solutions for sustainable development. With this investment, we secure our place as a driver of this development towards carbon neutrality,” Pahta adds.
“The new production line will increase sawmilling productivity by up to 40% and enable the utilisation of a broader range of log diameters. This will allow us to offer our customers new products, and the wood raw material can be used even more effectively for end products that store carbon for a long time,” explains Koskisen Sawn Timber Industry Director Tommi Sneck.