The investment will give Stora Enso access to the fast-growing “massive” timber building element market in central Europe.
The plant will have an annual capacity of 61,000m3 and is expected to grow Stora Enso Wood Products’ annual sales by €28m when in full operation.
Construction will start in the first quarter of 2007 and is scheduled to be completed a year later. About 53 additional employees will be recruited.
Cross-laminated panels are typically used as intermediate floors, ceilings and walls.
