"As a whole, and particularly in regard to the scale of the investment, the project profitability doesn't reach a level where investing to this plan would be financially justified for Metsä Group. There was no single reason for our decision. Instead, this is expressly an overall review. Metsä Group will focus on further developing the Kemi mill integrate in Northern Finland and will, among other actions, review the opportunity to increase bioenergy production at the integrate. A possible investment will be allocated to replacing fossil fuels in particular," says Hannu Anttila, Executive Vice President, Strategy.
Metsä Group is a responsible forest industry group whose products are part of people's everyday life and promote sustainable well-being. Metsä Group produces high-quality products mainly from renewable Nordic wood. The Group's business areas are tissue and cooking papers, board and paper, pulp, wood products as well as wood supply. Metsä Group's sales totalled EUR 5.3 billion in 2011, and it employs approximately 12,500 people. The Group is present in some 30 countries.