On 29 June 2016, Metsä Group announced its plan to integrate its sawmills in Finland into the Group’s Pulp Industry Metsä Fibre through a group internal transaction. The transfer will take place on 1 November 2016, as the company says in the press release received by Lesprom Network.
Jani Riissanen has been appointed SVP Sawmill business and a member of Metsä Fibre’s Management Group as of 1 November 2016.
The sawmills included in the transaction are Vilppula, Lappeenranta, Renko, Merikarvia, Kyrö and Eskola. These sawmills were previously part of the Group’s Wood Products Industry Metsä Wood.
The transaction does have no effect on Metsä Group’s annual sales, operating result excluding non-recurring items, or balance sheet ratios. The transfer will not affect the amount of employees. Sawmills’ employees will move to Metsä Fibre’s payroll. Metsä Wood will act as Metsä Fibre’s sawn timber sales channel.
