SWEDEN (News release) -- Stora Enso's investment in a new production unit for cross laminated timber (CLT) at Gruvön sawmill in Sweden was inaugurated by CEO Karl-Henrik Sundström, Joakim Sveder, Mill Director, Gruvön sawmill and Leif Haraldsson, Municipal Commissioner of Grums.

The investment in Gruvön sawmill amounts to Euro 45 million. The project has proceeded according to plan from the investment decision made in July 2017 to the start of commercial deliveries in the 1Q 2019. The investment has had a total employment impact of 60 new employees for the mill. This is Stora Enso's third production unit for cross laminated timber as the company already has two production units in Austria. The production capacity of the new unit at Gruvön sawmill will be 100,000 cubic metres annually, equalling enough material for approximately 4,500 normal sized apartments. The CLT elements are made of spruce.

Stora Enso is Europe's largest supplier of wood products and has delivered CLT to more than 14,000 projects around the world.