Companies in the timber industry / Daily News / Global Trends / Sawmilling / Wood construction / Wood Products / Europe / Global
September 7, 2020
Stora Enso to invest in a new CLT production line in Czech Republic
Stora Enso has decided to invest approximately EUR 79 million in a new production line for cross laminated timber (CLT) at its Ždírec sawmill in the Czech Republic. Production is scheduled to begin during the third quarter of 2022. The estimated annual production capacity will be approximately 120 000 m³ after ramp-up. The investment is expected to generate annual sales of approximately EUR 70 million when run at full capacity and to meet the Wood Products division’s profitability target of 20% operational return on operating capital (ROOC). “This investment ...
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