Rasto Oy will remain as a shareholder in the new company being formed by WoodPrime and other shareholders, including Sitra, Avera, Central Union of Agricultural Producers and Forest Owners (MTK), the Wood and Allied Workers’ Union, Jari Pajala, Risto Kauppila and Ari Martonen. WoodPrime’s business idea is to produce high quality, ready to-use-wood elements for ceilings, intermediate floors, walls and floors which are more ready for installation than previous products.
“Tasks that used to be carried out on the building site are transferred to the factory which means the construction or repair work is speeded up and also results in cost savings,” says Jari Pajala, managing director of WoodPrime. The wood elements can be assembled by using either the timber frame or the cross-laminated timber (CLT) method. The company will also offer assembly and design services. When completed, the annual capacity of the factory will be 200,000 or 400,000 square metres of wood components.
WoodPrime will focus on providing wood components to large-scale projects such as apartment buildings, shopping centres, sports halls, schools, libraries and daycare centres. Repair work on concrete apartment buildings using wood components will also be an important source of business. The company is aiming for a turnover in the tens of millions of euros over the next few years and concentrating its marketing efforts in Finland and the St.Petersburg region in Russia.
Production in Voikkaa is expected to start in June. WoodPrime is investing about EUR 3 million in the wood component production lines and in machinery for working beams and pillars.