IGGESUND TOOLS UPGRADES ITS PRODUCTION FACILITIES TO MEET DEMAND

Iggesund, Sweden – March 1st, Iggesund Tools is delighted to announce that it is upgrading its production facilities in Iggesund, Sweden, through a vigorous investment program to meet increasing demand from its clients throughout the world.

The first priority in the four-year investment development program is a grinding cell for Iggesund’s TurnKnife production for chipping and lumber production. This equipment will be installed in the first quarter of 2011, and will cost in the range of $2 Million USD.