Kuratle Group AG and Raurica Wald AG have decided to discontinue the STP - Swiss Timber Production project as originally planned.

Swiss Timber Production (STP) was conceived as a project to build up additional industrial processing capacities for wood in Switzerland and thus strengthen value creation along the timber construction and wood-based materials chain.

The decision was made after a comprehensive review of the economic and regulatory framework conditions as well as various implementation and participation models. Under the current conditions, a long-term viable basis for a capital-intensive industrial investment in Switzerland could not be sufficiently confirmed.

The strategic and technical foundations were developed during the course of the project. In parallel, the corporate groups are examining alternative development and utilisation options for the site in question with the aim of realising sustainable solutions that make sense for the regional economy.

Kuratle Group AG and Raurica Wald AG would like to thank all partners, authorities, investors and employees for their dedicated support throughout the entire project phase. The project team deserves special recognition for its professional and forward-looking work.

The corporate groups remain committed to their strategic orientation: sustainable wood processing, entrepreneurial stability and long-term value creation in the Swiss market.

About the Kuratle Group and Raurica Wald AG:
The companies are committed to sustainable wood processing and pursue long-term value creation in the Swiss market.

Source: kuratlegroup.com