Metsä Fibre going ahead with € 1.6 billion Kemi bioproduct mill investment

Metsä Fibre, part of Finland-headed forest industry major Metsä Group, has announced that it has made the investment decision to build a new bioproduct mill in Kemi, Finland. The value of the investment is € 1.6 billion and it is the largest investment ever made by the Finnish forest industry in Finland. The construction phase will take approximately two and a half years, and the mill will be completed during the third quarter of 2023.

Metsä’s Kemi bioproduct mill is expected to increase the annual value of Finland’s exports by approximately € 0.5 billion, and the positive annual income effect in Finland from wood sales and domestic purchases will also be approximately € 0.5 billion. The new bioproduct mill will secure 250 jobs in the existing pulp mill in Kemi for decades to come. All in all, around 500 persons work in the Metsä Group’s Kemi mill site.