Ireland’s largest commercial forestry and land solutions company, Coillte, will make a €44.4m investment to improve and upgrade MEDITE SMARTPLY’s SMARTPLY OSB plant in County Waterford.
The state-owned company seeks to upgrade MEDITE SMARTPLY production levels to meet the continual strong demand for its products. Having been in operation since 1996, the drying plant will now see a world-class drying/energy/screen system that will increase plant capacity resource efficiency and asset reliability.
“We are delighted to announce the latest investment into our SMARTPLY plant which will provide a welcome economic boost to the region while enabling us to deliver our best in class timber panel products to even more customers,” said Pat Beardmore, Chief Operations Officer, MEDITE.
“This is the second significant investment we have made in SMARTPLY in the past five years, with a €59m project back in 2016. It is a unique product that is produced sustainably and to the highest level of quality. We’re delighted to be able to increase its availability to its international customer base.”
The first stage of the project is at an advanced stage and is due for completion over the coming weeks. The project is due to finish by mid-2022.