BSW Timber has announced its latest investment of €40m in Slovenia, constructing a new sawmill, CHP plant and pellet manufacturing facility.
Representatives from BSW, including CEO Tony Hackney, visited Slovenia on Tuesday 22nd May to sign a Memorandum of Understanding for the ambitious development plans, together with the Government of The Republic of Slovenia, The Slovenian Forest Agency and other stakeholders to launch the investment.
The investment will see the construction on three sites, including a modern sawmill in Gomilsko with state-of-the-art wood processing technology, the development of pellet production and wood biomass cogeneration at the Šoštanj site, and a final site in Letuš will focus on the production of value added products.
Hackney said: “After seeing the success of our Latvian sawmill we were keen to explore new opportunities within The EU.
“Slovenia has some of the best forests in The EU and a largely undeveloped processing sector. We are delighted to be working alongside the Slovenian government to increase the competitiveness of the country’s timber supply chain, in line with their ‘Wood is Beautiful’ strategy.
“With the developing wood shortages in UK, Slovenia is a very attractive country for us to invest in. The Slovenian Government has agreed a 15-year long term contract for 120,000 cubic metres of roundwood which will be backed up by supply from a very supportive private sector while working with domestic sawmills.”