Metsä Board to close down its wallpaper base machine in Kyro
Metsä Board’s third quarter result is estimated to include non-recurring net costs of around EUR 9 million related to the closure. The closure is estimated to have a positive cash impact of around EUR 10 million, the majority of which consists of working capital released during the fourth quarter.
The folding boxboard machine with annual capacity of 190,000 tonnes will remain at the Kyro mill, producing premium packaging board for beauty and healthcare products and graphics end uses, among other things. In addition, Hämeenkyrön Voima’s biopower plant producing heat and electricity is located in the mill area.