Versowood Oy is a Finnish wood-processing and sawmilling group and one of the country’s largest private producers of softwood sawn timber. Headquartered in Finland, the company operates multiple sawmills and processing facilities, supplying domestic and international markets.
Versowood’s portfolio includes sawn and planed pine and spruce products, further-processed wood such as structural components and glulam, and utility poles and other industrial wood products. The company also generates sawmill by-products—wood chips, sawdust, and bark—that serve as raw materials for pulp and paper manufacturing, panelboard, and bioenergy, linking the business closely to forest-based chemical and bio-based value chains.
Operating within Finland’s sustainable forestry framework, Versowood emphasizes efficient material use and the circular utilization of by-products to maximize the value derived from each log.
Q4 sales and EBIT down, but cash flow strong. Strategic actions include joint ventures, investments, and closures. Sustainability recognized with top ratings.
The partnership enables UPM to secure pulpwood and by-products, while Versowood gains log supply and ownership of UPM's Korkeakoski sawmill. UPM also acquires a minority stake in Versowood.
Sales and EBIT declined. Strategic reviews and partnerships initiated. Plywood and paper production adjustments. Biorefinery progress. Sustainability recognized. Uncertainty persists.
UPM secures pulpwood and sawmill by-products from Versowood, selling its Korkeakoski sawmill in return. The deal awaits regulatory approval by 2025.
