Thursday February 14, His Majesty the King Carl XVI Gustaf inaugurated SCA’s pulp mill Östrand in...
Swiss Krono invests in a new OSB plant in Sharya, Russia
In addition to investment projects that are currently underway or recently completed (including the chipboard plants in Switzerland and Russia, and the HDF plant in the USA), which, together, account for an overall volume of around Euro 550 million, Swiss Krono agreed further substantial growth investments totaling Euro 340 million.
A key focus of these plans is the targeted increase in OSB capacities, including an OSB plant in Sharya, Russia, which is scheduled to go into operation in 2021, with an annual production volume of 600,000 cubic meters.
Max von Tippelskirch, Chief Strategy and Communication Officer, explains: “This investment decision represents a significant acceleration in the Group’s investment activity and underscores its ambitious goals in the Building Materials division.”
Swiss Krono Group is one of the world's leading manufacturers of engineered wood.
Source: Lesprom Network