May 4, 2022 (press release) –
The need for sustainably produced packaging materials that promote the circular economy is growing worldwide. Metsä Board, part of Metsä Group, is a leading European producer of fresh fibre paperboards and a forerunner in sustainability. The company's fresh fibre paperboards are resource-efficient and help reduce the carbon footprint of packaging throughout the value chain. Global demand for high-quality fresh fibre paperboards has grown by around 2–3% per year in recent years and is expected to continue to grow at least at the same rate in the future.
According to its strategy, Metsä Board aims to grow in fibre-based packaging materials and renew its industrial operations. To support its customers' growth and strengthen its service capability, the company is exploring possibilities to increase its folding boxboard capacity in Finland or Sweden. The evaluation of options is expected to be completed by the end of 2022. Metsä Board's current annual paperboard capacity is approximately 2 million tonnes, of which 1.3 million tonnes is folding boxboard and 0.7 million tonnes white kraftliners. The company is Europe’s largest producer of folding boxboard and white kraftliners.
Metsä Board has an ongoing investment at its Husum integrated mill in Sweden that will increase the company's annual folding boxboard capacity by approximately 200,000 tonnes. The investment is expected to be completed in the second half of 2023 and the additional capacity is expected to be reached by the end of 2025.
METSÄ BOARD CORPORATION
Further information:
Henri Sederholm, CFO, tel. +358 10 465 491 Katri Sundström, VP, Investor Relations, tel. +358 10 462 0101
Metsä Board www.metsaboard.com
Metsä Board is a leading European producer of premium fresh fibre paperboards. We focus on lightweight and high-quality folding boxboards, food service boards and white kraftliners. The pure fresh fibres we use in our products are a renewable and recyclable resource, that can be traced back to sustainably managed northern forests We are a forerunner in sustainability, and we aim to have completely fossil free mills and raw materials by the end of 2030.
Together with our customers we develop innovative packaging solutions to create better consumer experiences with less environmental impact. In 2021 our sales totalled EUR 2.1 billion, and we have around 2,400 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.
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Metsä Group www.metsagroup.com
Metsä Group leads the way in the bioeconomy. We invest in growth, developing bioproducts and a fossil free future. The raw material for our products is renewable wood from sustainably managed northern forests. We focus on the growth sectors of the forest industry: wood supply and forest services, wood products, pulp, fresh fibre paperboards, and tissue and greaseproof papers.
Metsä Group’s annual sales is approximately EUR 6 billion, and we have around 9,500 employees in 30 countries. Our international Group has its roots in the Finnish forest: our parent company is Metsäliitto Cooperative owned by nearly 100,000 forest owners.
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