Swedish forestry company Norra Timber will invest SEK 80mn (EUR 8.46mn USD 9.52mn) into a new saw line in Sävar sawmill north of Umeå.
The goal is to produce 220,000 cubic metres of sawn wood products. Norra CEO Pär Lärkeryd has commented that the investment will further increase the value of each log.
The company will also invest SEK 30mn into Kåge sawmill near Skellefteå, where the profile line will be upgraded. This investment is to increase the quality of sawn goods and decrease the risk for disruptions
Norra Group is one of Sweden’s leading companies in the forestry industry. Its plants manufacture a comprehensive range of high quality timber products for customers throughout the world.
Norra Timber® is a registered trademark of Norra Group, a forest owners’ association. This means that the association is owned by its members, some 16,600 private forest owners with their own forest areas in northern Sweden. The association, which can trace its history back to 1933, delivers 2.0 million cubic metres of wood raw material to industry in Sweden, and offers a full forestry service to all members – from forestry plans to silviculture and harvesting.
The production facilities include two sawmills, two planing lines and a pole factory. Together these produce around 410,000 cubic metres of timber of which some 75,000 are machined and customised. The pole factory has an output of 60,000 turned pine poles a year.
