# Nior Holdings invests over EUR 10 million in Kiepin sawmill

Nior Holdings Ltd, owned by the Golan family, is investing over EUR 10 million to modernize and double production capacity at the Kiepin sawmill in Mäntyharju, Finland. The investment includes a new log X-ray from Finnos Oy.

- Type: Investment
- Announced: 2019-05-01
- Where: Mäntyharju, Finland
- Value: $11.2M (10.0M EUR)
- Starts operating: 2021
- Status: announced
- Capacity: double production
- Products: sawn timber
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Nior Holdings](https://endata.com/companies/39236.md)
- [Finnos](https://endata.com/companies/39237.md) (supplier)

## Sources

- [pitajanuutiset.fi](https://www.pitajanuutiset.fi/paikalliset/4069353), 2019-05-01: "Kiepin sahan uuden omistajan tavoite tuotannon tuplaamiseksi alkaa muuttua todeksi."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.