The forest industry invested nearly €1.4bn into Finland in 2007, around a third of the total investments made by the country’s manufacturing industries according to figures from the Confederation of Finnish Industries EK (CFI).
This figure makes the forest industry the top investor in Finland according to CFI, with many of the investments being focused on increasing the efficiency and quality of production.
However, CFI said that investments from the forest industry were restricted by financing and estimated profit, with technical issues due to become an increasingly important factor in 2008.
This will be driven by the availability of raw materials, deficiencies in manufacturing technology and the increase of input costs above product prices subduing the profitability of the sector, according to Penna Urrila from CFI.
