Hannele Arvonen, Setra’s President and CEO, comments:
“We are focusing on increasing the synergies within the Group as a means of improving our long-term competitiveness. The level of integration between Setra Rolfs and Setra’s other production units is low when it comes to raw material supply and marketing concepts, and it therefore makes sense for us to explore other ownership structures for the unit.”
Setra has previously sold units that did not directly link up with or support its core business.
“It is a case of making choices and setting priorities. We have a strong financial position and have created a platform for developing Setra and taking the next step. This move is entirely in line with Setra’s overall strategy of optimising our resources, such as raw material and production capacity, and exploiting market opportunities as best we can in order to meet customers’ needs and wishes,” says Hannele Arvonen.
Demand for sawn wood products remains very good in Sweden, the rest of Scandinavia and the world. Setra recently took on 19 new employees at its sawmill in Malå.
“We have increased production of sawn wood products in Malå from 170,000 m3 per year to around 215,000 m3 per year. The planing mill has been refitted and updated to handle the higher production volume of interior products, including high-quality flooring and cladding. We also recently acquired a unit next to the mill that is ideal for our finishing work. With these measures in place, we have secured a better future for both established and new customers as regards volumes, product development and service,” states Hannele Arvonen.
Setra’s mill in Rolfs, Kalix – one of the Group’s ten production units – manufactures sawn wood products such as construction timber, cladding and a range of other building products. The production volume amounted to 73,000 m3 in 2016. The mill has around 60 employees, the majority of which work in production, alongside their colleagues in administration, finance and marketing. The main markets for the products are Scandinavia and Europe.
For further information, please contact:
Hannele Arvonen, President and CEO, phone +46 8 705 03 10, mobile +46 70 618 19 17
Anders Nordmark, Mill Manager Setra Rolfs, phone +46 923 73210, mobile +46 70 545 4803