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Companies in the timber industry / Daily News / Global Trends / Lumber / Sawmilling / Wood pellets / Wood Products / Woodworking machinery / Europe / Global
April 3, 2019

Keitele Timber to upgrade sawmills, pellet plant

Keitele Timber to upgrade sawmills, pellet plant

NIB and Keitele Timber have signed a EUR 15 million loan agreement to finance the company investments in facilities for mechanical wood processing. The maturity of the loan is ten years.

NIB’s loan to Keitele Timber will finance the company’s investments in tangible capital; machines, flue gas scrubbers, dryers for sawdust and bark, as well as a pellet factory. Keitele Timber is a subsidiary of Keitele Group that runs three sawmills.

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