Wood & Panel
Home » Featured News » Woodio invests worth 7 million euros in a new factory to expand internationally

Woodio invests worth 7 million euros in a new factory to expand internationally

 Wednesday, April 24, 2024

en flag
fr flag
de flag
it flag
es flag
Listen to this news
Woodio_factory investment

Woodio, the finnish startup studio, best known for its ecological bathroom furniture, is ready to invest in a new factory in Lahti, Finland. The whole investment is worth 7 million euros.

Woodio’s groundbreaking 100% waterproof wood composite serves as an eco-friendly substitute for ceramics and other materials with high carbon footprints, used in bathroom and interior decorations. Last summer, Woodio successfully secured over 16 million euros in growth capital to enhance and broaden its international presence. The upcoming factory in Lahti, Finland, set for completion in spring 2025 with an investment of about 7 million euros, will streamline production processes to accommodate increasing market demand.

The construction industry accounts for an estimated 40% of annual global carbon emissions. Thanks to its raw material and energy-efficient manufacturing process, Woodio’s carbon emissions are significantly lower than those of traditional ceramic sanitaryware. “Woodio is an excellent example of high value-added innovations in the forestry sector that Finland should invest in. In light of the industry’s emission figures, it is clear that the demand for green construction will increase significantly in the near future. Woodio has every opportunity to establish itself as a pioneer in sustainable housing solutions,” says Matti Lehtipuu, member of Woodio’s board of directors and Managing Partner of UB FIGG, the main shareholder of the company.

Founded in Helsinki in 2015 and introducing its first products to the market in 2019, Finnish start-up Woodio is taking a significant step forward in its growth and transitioning from a pilot factory environment to a larger production capacity enabled by the new factory in Lahti. The design of the new factory is well underway, with production set to begin in Lahti in the spring of 2025.

The automation level of the new factory is higher than the current one, and a flexible assembly line will better serve the production of various products. “We are really excited about our new factory. With this investment, we are seeking significant growth in our production capacity, enabling us to offer even larger projects and, in the future, contract manufacturing,” says Terja Koskenoja, CEO of Woodio.

Woodio’s bathroom furniture, known for its ecological design, has become a popular choice not only in private homes but also in hotels and restaurants worldwide. The company is strategically expanding its international presence by targeting residential construction for higher sales volumes, as well as outfitting public spaces and engaging in contract manufacturing. The products of Woodio stand out internationally, having received numerous accolades for seamlessly blending sustainability, aesthetics, and functionality.

Local actors supporting growth – Spatium Toimitilat Oy is responsible for factory property construction

LADEC, the Lahti Region Development Company, and Woodio started close cooperation in August 2023 to find the best service solution and operating environment for the company.

Woodio_factory investment

“The cooperation with Woodio has been comprehensive and smooth from the beginning. Our common goal was to find solutions for their space, expertise, partners, and networks. I am truly excited about Woodio’s investment in Lahti. We are welcoming a new innovative growth company to our excellent business community. And the collaboration does not end here. As a partner, we participate in ensuring the long-term growth of Woodio’s business together with the City of Lahti and Spatium,” says Marian Vainiomäki, LADEC’s Customer Relationship Manager.

The construction of Woodio’s new factory property is undertaken by Spatium Toimitilat Oy. According to the company’s CEO, Jouni Kanervo, the new property is a significant investment in many ways: “The construction of Woodio’s factory property is strategically important for us. The factory construction will utilize new techniques related to sustainability and circular economy. As part of the factory project, we will be seeking the internationally renowned BREEAM environmental certificate, aiming for a very good level.”

Read more news on: recent factory investment and woodworking

Get more updates on American woodworking industry through: www.woodandpanel.us

Tags: , , , , ,


Read Magazine Online

Subscribe to our Newsletters

I want to receive wood industry news and event update from Wood & Panel. I have read Wood & Panel Privacy Notice.

Our Partners