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INDUSTRIAL | Construction / General Building Materials
moelven.com

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Founded Year

1988

Stage

Secondary Market | Alive

Valuation

$0000 

Last Raised

$33.59M | 1 yr ago

About Moelven

Moelven is an industrial group that produces building products and systems for the construction industry. It is based in Moelv, Norway.

Moelven Headquarter Location

Industrivegen 2

Moelv, 2390,

Norway

Latest Moelven News

Moelven to invest more than SEK 600 million ($70 million) in its two sawmills in Sweden

Jul 7, 2021

23:18 / July 7, 2021 Photo: Moelven's Edanesågen and Valåsen mills Moelven will modernise and develop capacity at Moelven Edanesågen AB and Moelven Valåsen AB in Sweden. Overall, the group will invest more than SEK 600 million ($70 million) in the two sawmills in the years to come. Moelven Edanesågen will undergo a complete renovation of the entire production process from timber sorting, timber intake, new saw line and new dryer with increased capacity. This will be Moelven’s largest individual investment of all time, with a framework of SEK 450 million ($52.3 million). The project will be completed in the first half of 2024. When finished, Moelven Edanesågen will have significantly increased production capacity. “In Moelven we have always viewed the Swedish border as a county border, albeit not during this pandemic. At Edane, which is just across the border, we shall now streamline and modernise production so that the sawmill can continue to supply the Norwegian and Swedish markets with climate-smart wood products,” says CEO Morten Kristiansen of Moelven Industrier ASA.. Moelven Valåsen  in Karlskoga is increasing its capacity, and is currently building a new energy centre that will be put into operation towards the end of the year, representing an investment of SEK 60 million ($7 million). Now Moelven is investing an addition SEK 185 million ($21.5 million) to further develop the sawmill. This entails new investments in saw intake, raw sorting and sorting with camera technology, as well as a new saw line for small timber. When completed in 2024, efficiency and capacity at the sawmill will be significantly greater. “Moelven Valåsen is our largest sawmill measured in terms of production capacity and turnover. It was here we initiated the pilot project with increased digitalisation of the production process, also known as “The digital sawmill”. The investments we are now making are the continuation of making the sawmill even more efficient, sustainable and profitable,” Kristiansen says.

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