FRANCE (News release) -- Stora Enso invests in ACDF Industrie SAS and becomes a 35% shareholder of the French wood processing company. The investment is in line with Stora Enso's growth strategy for mass timber building elements, enabling value-added, bespoke CLT (cross-laminated timber) solutions to its long-term French partners.
ACDF Industrie SAS works with all engineered wood products like CLT, Glulam and LVL (laminated veneer lumber) 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.
"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. This partnership strengthens our market reach and position as a leading global provider of sustainable engineered wood products," says Lars Völkel, Executive Vice President, Stora Enso's Wood Products division.
ACDF Industrie SAS' 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," comments Bertrand Delaunay, CEO of ACDF Industrie SAS.
In addition, Stora Enso advances its strong partnership network in France by signing a business partnership with Bouygues S.A., securing a stable 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," says Lars Völkel.
Stora Enso is Europe's largest supplier of wood products and has delivered around 20,000 construction projects worldwide. Wood is the only completely renewable building material available. As a sustainably sourced and produced wooden material, Stora Enso's CLT can help meet carbon offset requirements and lower the environmental footprint of construction and the building's entire life cycle.