The sawmiller, which operates four sawmills across Sweden and Estonia, says the expansion is needed due to increasing production rates.
“The planned expansion of the business area and the construction of a new adjusting plant and planing mill are important in order to be able to meet the market's increased demands for further processing and to maintain a continued positive and long-term development of the business in Krylbo,” it said in a statement.
The Krylbo spruce-pine sawmill has an annual production of capacity of 215,000m3. Karl Hedin currently has around 1,000 employees and a turnover of over SEK4bn.
Its annual production is approximately 700,000m3, of which 180,000m3 consists of planed and processed wood products and approximately 78,000m3 is packaging products.