Raute Canada Ltd, a Raute Group company, has sold its factory facility in the Vancouver area in Canada making a profit before tax of approximately €4m.

The Raute’s business unit in Canada serves the veneer and LVL industry in North America and the unit was relocated to newly leased facilities in the summer.

The facilities are better configured to serve the needs of the current operational model and market needs, says Raute.

In conjunction with the relocation, production investments were carried out to improve productivity and shorten delivery times.

The Raute’s business unit in Canada employs about 50 persons.