8 | News
Koskisen in comprehensive investment strategy for panel product division
Above left: Plywood manufacturing operation Above right: Koskisen plywood
A comprehensive €12m investment programme to support growth in the panel sector has been launched by Finnish panels producer Koskisen. The investment programme
extends to the end of 2027 and aims to improve the productivity, quality and yield of plywood production by automating production. The first phase will be implemented in 2025. Growth will also be driven by the new production unit of the Kore business in Skwierzyna, Poland, where the ramp-up of production to reach industrial scale was initiated. The acquisition of the
Iisveden Metsä business announced after the end of the financial year is a key part of the growth strategy,
according to which Koskisen aim to increase the Group’s revenue to €500m by the end of 2027 through organic and inorganic growth. Once completed, the acquisition will support both of these goals: it will directly increase the revenue of the sawn timber industry segment by approximately one- third, while ensuring the availability of raw materials and enabling organic growth in the panel industry. “We made significant progress in our strategy for 2027 by further specifying our range of means of achieving growth,” said Jukka Pahta, Koskisen’s CEO.
“The clarification of the
strategy structured our message to the market and our activities both externally
WBPI | April/May 2025 |
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and internally.” The Panel Industry segment offers customised high-quality panel solutions to Koskisen’s customers. The division produces birch plywood, thin plywood, veneers, chipboard and optimised interior solutions for vans and trucks. The majority of the total production of Panel Industry is sold abroad, while Finland is the main market for chipboards. The largest customer groups are the construction, vehicle and furniture industries. In 2024 the division
recorded €1.424bn panel windustry revenue and a €17.7m panel industry EBITDA. Koskisen said sustainability-
related themes open up growth opportunities in markets that are material to
Koskisen. The green transition and the regulation that creates the conditions for it are the primary growth factors for wood products, it added. “Sustainably sourced
wood is a fully renewable and key raw material in the fight against climate change. Reducing emissions from construction requires wood-based alternatives on an industrial scale, and as the share of wood increases, our market grows as a rule. By operating efficiently, we have all the opportunities to develop the company and grow. I am pleased with our progress, even though we are only at the beginning of our strategy,” said Mr Pahta. “Our range of methods is in place to clear an ambitious growth path.”
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