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Metsä Group's capex projects progress in Q1

Aerial view of Kemi plant Image courtesy of Metsä Group
Image courtesy of Metsä Group
05 May 2020 − 

Despite the negative impact from the strikes in Finland and low pulp prices, Metsä Group's projects for a new pulp plant in Kemi and the renewal of the Husum pulp mill  advanced well in the first quarter of 2020.

During the first quarter of 2020 Metsä Fibre completed the Environmental Impact Assessment (EIA) for the construction of the Kemi bio-product plant, which will have a capacity of 1.5 million t of pulp.

At the end of April, Metsä Fibre signed a preliminary agreement with Valmet for the supply of key technology and automation solutions for the new plant. The final agreement will depend on the investment decision Metsä Fibre plans to take in autumn 2020.

The first phase of the Husum pulp mill renewal project in Sweden is proceeding as planned. After Metsä Board received approval to build the recovery boiler for the plant, foundation work began in March.

In addition, in the first quarter Metsä Fibre decided to invest €200m in a sawmill in Rauma. Construction of the mill with a capacity of 750,000 m³ of sawn timber is scheduled to start in spring 2020 and be completed in the third quarter of 2022.

Please find the full article on Metsä Group's results in Q1 2020 in our new issue, which will be available as e-paper from 6 May.

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