Stora Enso has announced that they investing in ACDF Industrie, becoming a 35% shareholder of the French wood processing company.
ACDF Industrie works with all engineered wood products like cross-laminated timber (CLT), glue-laminated timber (glulam) and laminated veneer lumber (LVL) and manufactures them into various value-added products such as walls, floors or roof elements for residential and non-residential buildings, mainly for the French market.
Stora Enso’s investment is in line with its growth strategy for mass timber building elements, enabling CLT solutions to its long-term French partners.
“France is one of our priority markets for growth, with building regulations favouring sustainable, renewable materials and low carbon property development. This investment builds on Stora Enso’s capacity to produce CLT and LVL near sustainably managed forests, and ACDF Industrie’s readiness to further process our wood products into walls, floors and roofs near construction sites all over France,” said Lars Völkel, executive vice-president of Stora Enso’s wood products division. “This partnership strengthens our market reach and position as a leading global provider of sustainable engineered wood products.”
ACDF Industrie’s investment in a second production line is developing according to plan. It will increase the capacity of mass timber elements and it will be ready in February 2023.
“We are delighted to have Stora Enso as a shareholder and continue our long and trusted partnership. Now we are even better equipped to push boundaries of wood construction by manufacturing highly prefabricated elements for our customers,” commented Bertrand Delaunay, CEO of ACDF Industrie.
In addition, Stora Enso advances its partnership network in France by signing a business partnership with Bouygues, securing a delivery of CLT to Bouygues’ building projects.
“Stora Enso is pleased to strengthen its French partnership network as this will enable us to continue to develop solutions for the increasing demand for wooden building materials,” said Völkel.