€300m wood mill for Metsä

Metsä Group is to build a new Kerto (laminated veneer lumber) LVL mill in Äänekoski, Finland, for the production of its beam and panel products.

The mill will have an annual production capacity of approximately 160,000m3, which the company says represents a 50% increase in its total Kerto LVL capacity. Production is expected to begin in late 2026, with an investment value of €300m.

Kerto LVL production primarily serves the construction industry in the European market.

Ilkka Hämälä, President and CEO of Metsä Group, said: “Metsä Group’s mission is to efficiently process the wood of Finnish forest owners into renewable products for people’s everyday needs globally.

“We are investing in world-class mills that will ensure our competitiveness in a changing business environment and increase wellbeing in society far into the future. Our next investment will be in the production of Kerto LVL, which offers long-term carbon storage.”

Kerto LVL is a construction material which combines material efficiency with the high added value of wood. Kerto LVL’s technical performance makes it suitable for very versatile construction uses such as elements and modular construction.

Jaakko Anttila, Executive Vice President of Metsä Wood, added: “Most of the carbon footprint of construction comes from the building materials. The construction industry is now seeking more sustainable alternatives, so we are seeing growing interest in construction material based on renewable raw materials.

“Thanks to its material efficiency, Kerto LVL is a competitive and sustainable solution for the increasing use of wood in construction.”

The new mill will be on the Äänekoski integrated mill site, and will use around 400,000 cubic metres of log procured from Finland. Metsä Group currently produces Kerto LVL products in Lohja and Punkaharju in Finland.