Metsä Group is shifting capital to fibre packaging after scrapping its Kuura textile fibre mill plans in Finland
KEMI — Forest industry products company Metsä Group has cancelled plans to build a commercial Kuura textile fibre mill in Kemi, Finland, citing global overcapacity in man-made cellulosic fibres and weak willingness of brands to pay a premium for responsibly-produced materials.
The Finnish group made the decision to scrap the mill, which was expected to produce 100,000 tonnes of fibre annually from sustainably-managed Finnish forests, alongside a €25 million ($29m) investment in a new Muoto fibre packaging production line at Äänekoski, Finland.
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