ESPOO, Finland, Jan. 7, 2020 (Press Release) -Metsä Board, part of Metsä Group, is participating in a joint project called SEED, led by VTT Technical Research Centre of Finland, in which forest companies are developing new digital solutions together with companies in the ICT industry.
In the two-year project, forest industry mills will serve as innovation platforms for app developers and research institutions focused on solving production challenges. The cooperation aims to find new digital solutions that increase production efficiency.
Metsä Board’s pilot project focuses on the management of spare parts’ data content, the goal being to unify and expand the master data of spare part names with the help of automation and artificial intelligence. If successful, the project would reduce maintenance costs significantly and the technology could also be applied to the needs of other business areas.
“We’re looking forward to the experimental concept development for increasing the productivity of mills. When we combine a mill’s systems, the data online and the know-how of our experts, we can expect new and so far unforeseen opportunities,” says Maintenance Director Perttu Vikman from Metsä Board.
The total volume of SEED project is approximately EUR 7 million. Its main sponsor is Business Finland. When the project kicked off, there were a total of 20 companies involved.
Metsä Board is a leading European producer of premium fresh fibre paperboards including folding boxboards, food service boards and white kraftliners. Our lightweight paperboards are developed to provide better, safer and more sustainable solutions for consumer goods as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests.
The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2018, the company’s sales totalled EUR 1.9 billion, and it has approximately 2,400 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.
Metsä Group is a forerunner in sustainable bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and greaseproof papers.
In 2018, Metsä Group’s sales totalled EUR 5.7 billion, and it employs approximately 9,300 people. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 103,000 Finnish forest owners.