Brief: Holmen Is Investing SEK 400 Mln To Increase Value Added And Capacity At Iggesund Sawmill

Holmen AB

08/12/2021 10:33

Dec 8 (Reuters) - Holmen AB  HOLMb.ST :
    * HOLMEN IS INVESTING SEK 400 MILLION TO INCREASE VALUE
ADDED AND
CAPACITY AT IGGESUND SAWMILL
    * INVESTMENT WILL ENABLE SAWMILL TO SWITCH FROM LOWER GRADE
JOINERY SPRUCE TO CONSTRUCTION TIMBER IN BOTH SPRUCE AND PINE
    * THIS WILL INCREASE VALUE ADDED AND IMPROVE MARKET MIX BY
INCREASING SHARE SOLD TO SCANDINAVIAN BUILDERS' MERCHANTS
    * START-UP IS PLANNED FOR AUTUMN 2023, WITH FULL CAPACITY
EXPECTED
TO BE REACHED TOWARDS END OF 2024

Source text for Eikon:  ID:nWkr388Y9T 
Further company coverage:  HOLMb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))