Major Industrial Investments In Finland In 2016


Finnish industries published a variety of investment and development plans during 2016, and here are listed major ones from different industries:

Neste, Veolia and Borelias will build a new power plant to Kilpilahti industrial area. The value of the investment will be €400 million and the plant will have 450 MW steam and 30 MW electricity production capacity. 80 % of the fuels used will be from by-products from the investors’ plants in Kilpilahti and the plant will also use natural gas.

Window and door manufacturer Skaala starts its largest investment program as the company renews its Ylihärmä plant’s production processes with €14 million.

Furniture manufacturer Isku invests €20 million to its Lahti plant. The investment includes modernization, energy efficiency and logistics improvements, such as automation lines and robot technology. With the investment Isku concentrates its production to Lahti.

Chemical company Kemira invests €50-60 million to its Joutseno plant. The plant produces natrium chlorite and the investment includes a new production line and a cell hall. The upgrade is expected to be finalized by the end of 2017.

Forestry giant Stora Enso invests €70 million to its Imatra plants. The investment increases production capacity of PE boards which are used for food and liquid packaging. Stora Enso has planned a total of €680-720 million investments for 2016.

Rolls Royce invests €57 million to its propeller plant in Rauma. The plant will be renovated and an extension will be built. Also, testing facilities will be developed and a new 200 ton bridge crane will be bought. Rauma unit produces propellers for ice breakers, offshore vessels and drilling, tugboats, and arctic research ships.

82 km long Finland-Estonia gas pipe called Balticconnector has received €187 million EU funding. The total investment will be worth of €250 million. The building works will start in 2018 and the pipe will be fully utilized in 2019. At the moment, natural gas is brought to Finland only from Russia.
(Sources: Tekniikka & Talous 16.1.2016, 9.2.2016, 18.5.2016, 21.6.2016, 18.7.2016, Talouselämä 29.3.2016)

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