CLT is a technique appropriate for constructions that require a high degree of strength and bearing capacity while being fire-resistant and relatively light. It also has major environmental advantages, as wood is a renewable material.

“We’re now taking the next step towards Setra becoming a wood products company with a high processing capacity. New technology combined with greater awareness of wood being part of the solution to the climate change problem means that demand for CLT is huge,” said Hannele Arvonen, president and CEO of Setra Group.

“The investment makes it possible for us to improve our long-term competitiveness through a well-developed offering for construction customers.”

The factory is due to be commissioned in H1, 2020.