Metsä Group celebrated the inauguration of its next-generation bioproduct mill in Äänekoski, Finland, on 18 October 2017. The mill was inaugurated by the President of Finland, Sauli Niinistö. With a cost of EUR 1.2 billion, the mill is the largest investment in the history of the Finnish forest industry. It will produce pulp and a wide selection of other bioproducts. The decision to implement the mill project was based on the increasing global demand for these products.
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