The boom in the Swedish forest industry provides good conditions for investment, something that Setra is taking advantage of.\u00a0The sawmill in Mal\u00e5 will double capacity and more investments are being made in increased drying capacity.<\/p>\n
Setra recently presented its quarterly report for Q3 2021, which reported profit after tax for the period January to September of SEK 958 million and an operating margin for the corresponding period of 28.5 percent.<\/p>\n
Incredibly positive<\/strong><\/p>\n The fact that the forest industry makes a lot of money provides a good basis for investments, and the investment in an increase in production at the sawmill in Mal\u00e5 from today's 160,000 cubic meters to 350,000 cubic meters of sawn goods corresponds to around SEK 390 million (EUR 40 million).<\/p>\n ''It is incredibly positive that the board agrees to modernize the plant, which means that we sharpen our competitiveness and increase added value.\u00a0The investment means that we can produce high-quality products with very high accuracy in terms of dimensions and precision.\u00a0The entire production line will be state-of-the-art, which also means that the volume will almost double,\u00a0Setra's CEO Kataria Levin says.<\/p>\n According to Setra, the sawmill in Mal\u00e5 will have a new timber intake, a new saw line, an updated adjustment plant and a new drying plant.<\/p>\n Increased processing<\/strong><\/p>\n New dryers will also be installed at Setra's sawmills in Heby and Hasselfors in Bergslagen, a region where they have invested around SEK 1 billion (over EUR 100 million) in their facilities over the past four years.\u00a0In total, Setra is investing around SEK 100 million (EUR 10 million) in two new high-capacity dryers.<\/p>\n According to Setra, the increased drying capacity is an important piece of the puzzle for the company's development in Bergslagen.<\/p>\n ''Setra is investing heavily in increased processing of wood in the Bergslag area in resource-efficient facilities.\u00a0It is positive from a sustainability perspective because it contributes to lower climate footprints from production and we manufacture more climate-smart, green products,'' says Katarina Levin.<\/p>","protected":false},"excerpt":{"rendered":" The boom in the Swedish forest industry provides good conditions for investment, something that Setra is taking advantage of.\u00a0The sawmill in Mal\u00e5 will double capacity and more investments are being made in increased drying capacity. Setra recently presented its quarterly … Continue reading