Bergs becomes a part owner and industrial partner in the Värmland-based innovation company Wood Tube and provides the conditions for initiating production and marketing of a new innovative construction product.
The innovation company Wood Tube has developed a patented paper stud for the manufacture of interior walls and furniture frames. The studs are made of paper raw material and become an alternative to studs made of steel or wood. The product makes it possible to build more climate-smart, reduces construction costs and improves the carpenters' working environment. After a period of product development, certification and securing patent protection, the company is now ready for a more commercial phase.
In this phase, Bergs secures the financing of a production facility for industrial production of studs. Bergs receives an ownership of 25% in Wood Tube and will actively work to develop the company together with other owners and employees. Berg's investment amounts to approximately SEK 8.5 million. The commitment is completely in line with Berg's ambitions to develop and refine sustainable products from forest raw materials.
“We see great potential for Wood Tube where both studs, but also other applications may play an important role in the construction of the future. As a long-term owner, we will, together with Wood Tube, develop this into a successful company, says Peter Nilsson, CEO of Bergs Timber AB”
With wood as a raw material, Bergs produces processed wood products from sustainably managed forests in the Baltic Sea region.
