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Aug 31, 2023

SRV Yhtiöt Oyj : to build a large Kerto LVL mill for Metsä Wood in Äänekoski

SRV GROUP PLC INVESTOR NEWS 31 AUGUST 2023 14.30 EEST SRV to build a large Kerto LVL mill for Metsä Wood in Äänekoski SRV and Metsä Wood have signed an agreement for the construction of a Kerto LVL

SRV GROUP PLC INVESTOR NEWS 31 AUGUST 2023 14.30 EEST

SRV to build a large Kerto LVL mill for Metsä Wood in Äänekoski

SRV and Metsä Wood have signed an agreement for the construction of a Kerto LVL mill in Äänekoski. The project will be carried out as a cooperative project management contract, with SRV's contract valued at approximately EUR 86 million.

Preparations for construction will begin immediately. Now that the agreement has been signed, the project will be recognised in SRV's order backlog in August 2023 and it will thus continue to strengthen the company's order backlog, which already started growing last year.

The 50,000-square-metre laminated veneer lumber mill will be built on the expanding Äänekoski industrial site as part of the existing integrated mill. The Kerto LVL mill will manufacture products for the construction industry.

Cooperative planning and implementation

The construction of this large-scale industrial facility is scheduled for completion in summer 2025. Its construction phase will have an estimated employment impact of about 1,000 person-years. Production is expected to start in late 2026.

"The Äänekoski Kerto LVL mill will be carried out using a modern cooperative model, which is clearly becoming more common in industrial projects due to its advantages. During the development phase, we planned and coordinated the project in good and close cooperation with the client, and are now ready to launch the implementation phase. We've already used this contract model successfully to implement facilities such as the Woodspin fibre mill and a multipurpose hall for RMC, and we're currently constructing a factory building in Vantaa for the silicon wafer manufacturer Okmetic," says SVP Hannu Lokka, responsible for SRV's regional units.

Both the building's design and construction will take a lifecycle-wise approach to energy efficiency and the diverse needs of the future. The building will be heated using waste heat recovered from the industrial process. A back-up heating system for production shutdowns will ensure consistently good conditions at the mill. The mill's processes and heating will run on bioenergy produced by the nearby bioproduct mill.

Environmentally friendly materials are also being used in the mill's construction. Wall structures will use sandwich panels insulated with non-combustible mineral wool that is both fully recyclable and suitable for reuse. This will reduce carbon dioxide emissions during the construction phase.

"Our choice of partner was especially influenced by SRV's expertise in industrial project construction and the contract model based on close cooperation," says Jaakko Anttila, EVP, Metsä Wood.

Additional information:

Hannu Lokka, SVP, Strategic Project Development, SRV, tel. +358 (0)400 454 342, [email protected] Heidi Tetteh, Communications Manager, SRV, tel. +358 (0)40 662 3220, [email protected] Maiju Hytönen, Communications Manager, Metsä Wood, tel. +358 (0)50 542 9304, [email protected] Jaakko Anttila, EVP, Metsä Wood, tel. +358 (0)50 406 0614, [email protected]

Image used in the bulletin: SRV, UKI Arkkitehdit Oy

Distribution: Mediawww.srv.fi

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SRV in brief

SRV is a Finnish developer and innovator in the construction industry. We are building a more sustainable and responsible urban environment that fosters economic value and takes the wellbeing of both the environment and people into consideration. We call this approach lifecycle wisdom. Our genuine engagement and enthusiasm for our work comes across in every encounter - and listening is one of our most important ways of working. We believe that the only way to change the world is through discussion.

Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in Finland. In 2022, our revenue totalled EUR 770.1 million. In addition to approximately 1,000 in-house staff, we have a network of around 3,800 partners.

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SRV Yhtiöt Oyj published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 11:37:01 UTC.