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Investment in forestry in Finland improving

Staff writer |
Investment in Finland's forestry sector is returning to levels last seen before the financial crisis, new figures show and last year investment reached almost $1.4 billion.

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The growth of internet trade and an increased demand for pulp and board is helping to fuel the industry's recovery, with Finland's largest forestry companies recently announcing investments linked to packaging materials, reports Alaska Dispatch.

Investments have also seen strong growth in the first quarter of 2014, and look set to continue, with forestry companies Metsä Group, Stora Enso and UPM all recently announcing new investments worth hundreds of millions of dollars each. Last month Metsä Group unveiled plans for a $1.5 billion pulp mill in Ääneskoski, central Finland.

The new figures also reveal that the size of the forestry industry as a share of Finland's total exports is now growing again. In 2008, forestry made up only 17.6 percent of all Finland's exports, a sharp decline from the 1970s, when it accounted for more than 50 percent. Recent years have seen the figure begin to rise again, to 20 percent. You can read the whole story here.

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