Stora Enso strengthens presence in France9 May 2022
Stora Enso has invested in ACDF Industrie SAS, becoming a 35% shareholder of the French wood processing company.
The investment is in line with Stora Enso’s growth strategy for mass timber building elements, enabling value-added, bespoke cross-laminated timber (CLT) solutions to its long-term French partners.
ACDF Industrie SAS works with all engineered wood products such as CLT, glulam and laminated veneer lumber (LVL) and manufactures them into various value-added products such as walls, floors or roof elements for residential and non-residential buildings, mainly for the French market.
“France is one of our priority markets for growth, with building regulations favouring sustainable, renewable materials and low carbon property development,” said Lars Völkel, executive vice-president, Stora Enso’s Wood Products division. “This investment builds on Stora Enso’s capacity to produce CLT and LVL near sustainably managed forests, and ACDF Industrie´s readiness to further process our wood products into walls, floors and roofs near construction sites all over France. This partnership strengthens our market reach and position as a leading global provider of sustainable engineered wood products.”
ACDF Industrie SAS’ investment in a second production line is developing according to plan. It will increase the capacity of mass timber elements and it will be ready in February 2023.
“We are delighted to have Stora Enso as a shareholder and continue our long and trusted partnership,” said Bertrand Delaunay, CEO of ACDF Industrie SAS. “Now we are even better equipped to push boundaries of wood construction by manufacturing highly prefabricated elements for our customers,.
In addition, Stora Enso has advanced its strong partnership network in France by signing a business partnership with Bouygues SA, securing a stable delivery of CLT to Bouygues’ building projects.
“Stora Enso is pleased to strengthen its French partnership network as this will enable us to continue to develop solutions for the increasing demand for wooden building materials,” said Mr Völkel.