Minister Tom Hayes marks the beginning of the upgrade to the SMARTPLY OSB mill in Waterford, Ireland. 

Minister of State Tom Hayes TD marked the beginning of construction of a €59m upgrade to the Coillte Panel Products SMARTPLY manufacturing facility in Waterford, Ireland. The €59m project, includes the development of a new Coillte Panel Products Innovation Centre. This will enable SMARTPLY to enhance its product portfolio through innovation to provide market leading, value added and speciality SMARTPLY OSB solutions and will secure the plant as one of South East Ireland’s biggest exporters.

Speaking at the event Minister Hayes said: “SMARTPLY has been a hub of manufacturing activity for the South East region, constantly innovating, creating products that are used all over world. The wood panel industry has a valuable role to play in Ireland’s export industry and this investment in both manufacturing and research and development will secure Coillte Panel Products as a major player in the European Panel products sector well into the future.”

“This investment of €59m in our SMARTPLY manufacturing centre is part of a strategy to develop innovative new products and enable the company to increase sales in existing and new markets,” said Acting Coillte CEO Gerry Britchfield. “For our suppliers, including farmers and private forestry growers, the new facility provides a long-term destination for pulp wood from forest thinning, as well as underpinning Coillte’s own supply to SMARTPLY.”

Posted Saturday 2nd May 2015