SRV GROUP PLC INVESTOR NEWS 17 JUNE 2024 09:00 EEST
SRV and Metsä Group reach agreement on the development phase of a fibre products factory
SRV and Metsä Group have signed an agreement to start the development phase of a new fibre products factory of approximately 20,000 square metres to be designed on the Rauma factory area. The new packaging materials production facility using wood fibres would use a completely new manufacturing method. The goal of preliminary planning during the development phase is to find out the project's investment suitability by the turn of the year. To be implemented, the project needs a separate investment decision from Metsä Group. The project will be recorded in SRV’s order back log after the construction decision is confirmed.
The development phase of the project to be implemented as a collaborative project management contract begins immediately and includes the development of the technical plans, the implementation and project plan, as well as the innovation of related solutions.
“We are looking forward to working with Metsä Group to advance the implementation of the new fibre products factory with a modern two-stage project management model. We believe that the use of collaborative implementation models in industrial construction projects will become well established in the near future,” says Tero Karislahti, SVP, Regional Units at SRV. “With a similar contract model, we have successfully implemented the multipurpose hall for Rauma Marine Constructions as well as a factory building in Vantaa for the silicon disc manufacturer Okmetic, among others. We are currently also building a Kerto LVL mill in Äänekoski for Metsä Group. It is great to continue our successful cooperation with Metsä Group."
"Cooperation with SRV during the development phase of the project is an important part of the pre-engineering of the fibre products factory. We rely on SRV´s modern operating method and strong experience-based know-how", states the project director responsible for the pre-engineering, Veli-Pekka Kyllönen.
Additional information:
Tero Karislahti, SVP, Regional Units, SRV, tel. +358 40 843 9895, tero.karislahti@srv.fi
Heidi Tetteh, Communications manager, SRV, tel. +358 40 662 3220, heidi.tetteh@srv.fi
Veli-Pekka Kyllönen, Project director, pre-engineering, Metsä Spring, puh. tel. +358 50 400 5293, veli-pekka.kyllonen@metsagroup.com
Jarkko Tuominen, Project director, Metsä Spring, tel. +358 40 778 7328, jarkko.tuominen@metsagroup.com
Distribution:
Media
www.srv.fi
You can also find us on social media:
Facebook LinkedIn X Instagram
SRV in brief
SRV is a Finnish developer and innovator in the construction industry. We are building a more sustainable and responsible urban environment that fosters economic value and takes the well-being of both the environment and people into consideration. We call this approach life-cycle wisdom. Our genuine engagement and enthusiasm for our work comes across in every encounter – and listening is one of our most important ways of working. We believe that the only way to change the world is through discussion.
Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in Finland. In 2023, our revenue totalled EUR 610 million. In addition to approximately 800 in-house staff, we have a network of around 3,300 partners.
SRV – Building for life