- Metsä Fibre is part of Metsä Group's climate work, serving customers and operating in Europe from its base in Finland.
- Metsä Group developed Kuura fibre in Finland and abandoned plans for a fibre mill in Kemi, while expanding Asian production.
Valmet and Metsä Fibre Settle Dispute Over Kemi Bioproduct Mill
What happened
Metsä Fibre filed a request for arbitration against Valmet concerning the Kemi bioproduct mill in Finland, initially claiming approximately EUR 47 million, with potential additional claims estimated at EUR 65 million. Valmet disputed these claims and pursued its own claims against Metsä Fibre. The parties have now reached an agreement to settle the dispute, closing the arbitration proceedings.
From prnewswire.com
Why it matters
The settlement details remain confidential, but the financial impact will be recorded in Valmet's fourth-quarter 2026 results and reported as an item affecting comparability. The resolution closes a major financial liability for Metsä Fibre related to the Kemi bioproduct mill.
Metsä Group developed Kuura fibre in Finland and abandoned plans for a fibre mill in Kemi, while expanding Asian production. Metsä Fibre is part of Metsä Group's climate work, serving customers and operating in Europe from its base in Finland.
From prnewswire.com
Who's involved
- ValmetValmet, which was involved in the arbitration dispute over the Kemi bioproduct mill.
- Metsä FibreMetsä Fibre, which filed the arbitration request against Valmet regarding the Kemi bioproduct mill.
- Metsä GroupMetsä Group, the parent company of Metsä Fibre, involved in climate initiatives.
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The entities involved
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Valmet
Finnish company
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Metsä Fibre
Finnish pulp manufacturer
Nothing else this week.