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Metsä Board investing EURO 210 million in Husum box plant

Espoo, Finland - The Metsä Group has announced that it is investing EUR 210 million to increase capacity at its folding boxboard its Husum board mill in Sweden. The company is responding to growing demand for sustainably produced packaging materials that support the circular economy. The investment strengthens Metsä Board’s position as the leading producer of folding boxboard in Europe.

At present, the annual folding boxboard capacity of the paperboard machine BM1 is 400,000 tonnes, and after the investment it will rise to 600,000 tonnes. Additional capacity will enter the market during 2024–2025.

The investment of EUR 210 million will be spent from 2021 to 2024 with the majority expenditures occurring in the 2022–2023 period. The investment will be financed with current cash funds and future cash flows from operating activities. The Husum port concept will be examined separately, taking into account the growing logistics volumes of the entire integrated mill, and the necessary potential investments will be decided later.

Preparatory work for construction will begin in October 2021 in connection with the planned annual maintenance shutdown of the Husum integrated mill. The ramp-up of additional capacity is expected to start in autumn 2023 and full production capacity is expected to be reached by the end of 2025.

“This is a significant investment that will bring to market the additional capacity that customers want. Husum is a competitive integration and the ongoing renewal of the pulp mill will further improve the mill’s production efficiency and environmental performance. It provides an excellent platform for increasing paperboard production capacity in a sustainable way and utilizing the strengths of northern fresh fibre,” says Mika Joukio, CEO of Metsä board.



September /October 2021