Metsä Board will not invest in the Kaskinen folding boxboard mill

Metsä Board announced on 15 September 2022 that it will start pre-engineering for a new folding boxboard mill in Kaskinen, Finland. The pre-engineering has now been completed and Metsä Board has decided not to proceed with the investment in the Kaskinen folding boxboard mill. The total cost of the planned investment was significantly higher than originally estimated, meaning that the targets for payback time and return on capital employed would not have been met.

Metsä Board has decided to launch programmes for new product options as well as growth and development investments at its existing mills in order to implement its strategy to grow in fibre-based packaging materials and renew its industrial operations. The programmes will support Metsä Board’s target of fossil-free production by the end of 2030. In addition, the company will continue to develop packaging solutions that reduce the use of plastics.

At the Husum integrated mill in Sweden, Metsä Board will start a programme to introduce new products on the current white kraftliner production line (BM2). Metsä Board launches a major investment programme to modernise the Simpele board mill, which will be implemented in phases. At the Kyro board mill, an investment programme will be launched to improve the performance of the current barrier board and expand its end-use areas.
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