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Metsa Board to invest €60M to renew folding boxboard PM at Simpele mill, increasing annual production capacity by 10,000 tonnes to 310,000 tonnes, improving product quality, production efficiency, replacing fossil fuels; work to be completed in H2 2025

In Finland, UPM received one of the largest business subsidies in 2023, along with shipping company Viking Line, stainless steel company Outokumpu; forest industry company Stora Enso came in fourth, followed by paperboard producer Metsä Board

Metsä Board inaugurates BM1 folding boxboard machine in Husum, Sweden; €230M investment was completed in 2023 to increase BM1's annual capacity to 600,000 tonnes/year from 400,000 tonnes to respond to growing demand for sustainable packaging materials

Metsa Board restarted production at its BCTMP mill in Kaskinen on April 2, after being temporarily shut down March 18 due to ongoing transportation strikes; mill currently using trucks to transport products, but ships will be used as soon as possible

Resolutions of Metsä Board's Annual General Meeting include keeping the annual remuneration of board members unchanged; chair will be paid €99,000, vice chair €85,000 and ordinary members €67,000 per year

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