Espoo, Finland 15 November 2018 -- Metsä Board, part of Metsä Group, has started construction of a new sheeting line at its Äänekoski board mill. The investment will increase the annual capacity of the sheeting plant by 35,000 tonnes to a total of 120,000 tonnes. The value of the investment is EUR 11 million. The new sheeting line will help ensure that the mill can continue to respond to increasing demand.

In addition to the new sheet cutter the investment includes additional automation to the existing sheet cutters as well as equipment for cutter reel handling and storage. The new sheeting line will be located in the existing sheeting plant and production is planned to start during September 2019.

Metsä Board
www.metsaboard.com

Metsä Board is a leading European producer of premium fresh fibre paperboards including folding boxboards, food service boards and white kraftliners. Our lightweight paperboards are developed to provide better, safer and more sustainable solutions for consumer goods as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests.

The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2017, the company's sales totalled EUR 1.8 billion, and it has approximately 2,350 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.

Metsä Group
www.metsagroup.com

Metsä Group is a forerunner in bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and cooking papers.

Metsä Group's sales totalled EUR 5.0 billion in 2017, and it employs approximately 9,100 people. The Group operates in nearly 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and owned by approximately 104,000 Finnish forest owners.