Metsä Group suspends operations in Russia

 Monday, March 7, 2022

Metsä Group has suspended operation in it’s only production unit in Russia, the Svir sawmill. Wood procurement in Russia for the Svir sawmill and imports to Metsä Group’s Finnish and Swedish mills has also been discontinued.

Metsä Group is leading the way in advancing the bioeconomy. The Group invests in growth, bioproduct development and a fossil free future. The raw material for the products is renewable wood from sustainably managed northern forests. The organisation focuses on the growth sectors of the forest industry: wood supply and forest services, wood products, pulp, fresh fibre paperboards, as well as tissue and greaseproof papers.

Metsä Group’s annual sales amount to approximately EUR 6 billion, and we have around 9,500 employees in 30 countries. The international Group has its roots in the Finnish forests: our parent company is Metsäliitto Cooperative which is owned by nearly 100,000 forest owners.

Kalle Parviainen has been appointed CFO and a member of Metsä Wood management team as of March 1, 2022.

Highlights of 2021:

• The average sales prices of pulp were roughly at the level of the previous quarter in Europe, while prices in China declined.
• Demand for Metsä Board’s paperboards remained strong and their average prices increased.
  In October 2021, the European Commission launched an investigation into Metsä Fibre as part of a wider EU-level antitrust investigation of companies active in the pulp sector.
• Metsä Group launched a ten-year programme outside commercial forests in Finland with which it supports development projects with regionally relevant impact improving biodiversity and the state of waters. The first projects to be funded were announced in January 2022.
• Metsä Board agreed on the divestment of the entire share capital of its subsidiary Oy Hangö Stevedoring Ab to Euroports Finland Oy. The transaction is expected to be completed in the first quarter of 2022.

Tags: bioeconomy, Metsa, Metsa Group, suspension in Russia, Svir, Svir Sawmill