Metsä Board is set to invest €210m to increase folding boxboard capacity at its Husum mill in Sweden. The company has made an investment decision to increase the annual capacity by 200,000 tonnes. At present, the capacity of BM1 is 400,000 tonnes, and after the investment it will rise to 600,000 tonnes. Additional capacity will enter the market during 2024–2025.
The investment will be divided in 2021–2024 and mainly in 2022–2023. The Husum port concept will be examined separately, taking into account the growing logistics volumes of the entire mill and the necessary potential investments will be decided later.
Preparatory work for construction will begin in October 2021 in connection with the planned annual maintenance shutdown of the Husum mill. The ramp-up of additional capacity is expected to start in autumn 2023 and full production capacity is expected to be reached by the end of 2025.
The investment will increase Metsä Board’s annual sales by approximately €200m. In addition, the investment is estimated to have a positive impact of approximately €50m on the company’s annual comparable EBITDA.
The additional capacity will be directed mainly to the North American and European markets, where the demand growth for Metsä Board’s premium lightweight paperboards is expected to continue.