Setra Group

What Setra Group does

Setra Group is a Swedish wood products company headquartered in Solna, Sweden, operating sawmills and processing facilities across the country. Currently owned by Mellanskog (a forestry cooperative) following Sveaskog's 2024 divestiture of its shareholding, Setra produces sawn timber (spruce and pine), engineered wood products including glulam and cross-laminated timber (CLT), construction timber, and door/window components. The company operates approximately eight sawmills and processing units in Sweden (notably Hasselfors, Kastet in Gävle, Långshyttan, Skinnskatteberg, Färila, and Heby), a UK sales subsidiary (Setra Wood Products Ltd) that holds landed stocks of joinery-grade timber, and the Pyrocell joint venture with Preem for pyrolysis oil production at the Kastet site. Named enterprise customers include Vasakronan, Electrolux, ICA, Permobil, Lindbäcks, Folkhem/Cederhusen, and Japan's largest glulam producer Meiken, with the company exporting to over 25 countries including the UK, Japan, Norway, Egypt, and Australia.

Setra's product portfolio spans the value chain from raw sawn timber to high-specification engineered products. CLT is offered as a tailor-made and fully customised range (Setra was the first in Sweden with moisture protection for CLT), while glulam is available in both standard and customised configurations. Components are produced at the Långshyttan factory for door and window manufacturers. Sawmill byproducts (sawdust, bark, wood chips) are converted into pellets and, via the Pyrocell joint venture, renewable pyrolysis oil for biofuel. The company holds FSC and PEFC chain-of-custody certifications and is positioning for full EU Deforestation Regulation (EUDR) compliance by 30 December 2025, working with suppliers and customers to ensure traceability.

Revenue is generated primarily through one-time sales of wood products to building materials trade customers, construction companies, and industrial customers, with pricing conducted on a quote-based model through direct sales teams organised by region (Europe, South Europe and Middle East, Asia/USA/Australia, Sweden) and product category. Glulam is also distributed through a network of resellers in multiple markets. Full-year 2025 net sales were 5,619 MSEK (versus 5,182 MSEK in 2024), though the operating loss nearly tripled year-over-year to -622 MSEK, the company announced the divestiture of Malå Såg AB to HS Timber Group, restructured production at Långshyttan, and announced layoffs of 50 employees at Hasselfors — evidence of significant operating pressure even as the company continues capacity investments.

Name

Setra Group

Legal name

Setra Group AB

Website

https://setragroup.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Setra Group is a Swedish wood products company producing sawn timber, glulam, CLT, and components from Swedish coniferous forests, serving construction, building materials trade, and industrial customers across Europe, Asia, Africa, and Australia.

Ownership category

akta.pro rank

Product category

Engineered Wood Products

NAICS

Sawmills (321113), Engineered Wood Member Manufacturing (321215), Sawmills and Wood Preservation (32111)

SIC

Sawmills & Planting Mills, General (2421), Millwood, Veneer, Plywood, & Structural Wood Members (2430), Lumber & Wood Products (No Furniture) (2400)

akta.pro primary industry

Softwood Lumber Sawmills (IMAMABAA)

akta.pro secondary industries

Wood Remanufacturing (Mouldings, Millwork Blanks, Cut Stock) (IMAMABAI), Treated Wood & Preserved Timber Products (IMADADAE)

Keywords

• Engineered wood products
• Cross laminated timber
• Glulam beams
• Sawn timber production
• Wood based construction

Headquarters

HQ city

Solna

HQ country

Sweden

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Wood Products Sales: Setra generates revenue primarily through the sale of wood products including CLT, glulam, sawn timber (spruce and pine), construction timber, and components. Products are sold to building materials trade, construction companies, and industrial customers across Europe and export markets.
2. Pyrocell Bio-energy Products: Setra operates Pyrocell joint venture producing pyrolysis oil from sawmill byproducts (sawdust, bark, wood chips) for renewable energy/biofuel applications.
3. Processing Services: Value-added processing including planing, strength grading, exact-length cutting, finger jointing, and pressure treatment of wood products.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Setra Group manufactures and sells wood products including cross-laminated timber (CLT), glulam, sawn timber (spruce and pine), construction timber, and door/window components from sawmills and processing units across Sweden. The company also operates the Pyrocell joint venture to convert sawmill byproducts into renewable pyrolysis oil for biofuel applications.

Product overview

Setra Group is a Swedish wood products company offering a diversified portfolio of wood-based building materials and renewable energy solutions. The core product lineup includes CLT (Cross Laminated Timber) and Glulam for structural construction, complemented by Sawn Timber (Spruce and Pine), Construction Timber, and Components for door and window manufacturing. The company operates sawmills across Sweden and maintains a UK subsidiary (Setra Wood Products). A key strategic initiative is the Pyrocell joint venture producing renewable pyrolysis oil for biofuel from wood biomass. By-products include pellets and other bioproducts derived from sawmill waste. The company publishes Working Wood magazine as a customer publication.

Differentiator

Problem solved

Functional benefit

Brands

• Pyrocell: Renewable energy joint venture producing pyrolysis oil from wood biomass

Products and services

• CLT - Cross Laminated Timber Tailor-made and fully customised cross-laminated timber range for construction applications; Setra is the first in Sweden with moisture protection for CLT. Sold to construction firms, developers, and building materials trade across European and export markets.
• Glulam Standard and fully customised glulam range for structural applications in construction, sold through direct sales and a network of glulam resellers across multiple markets.
• Sawn Timber Spruce Sawn timber products made from Swedish spruce, available in various dimensions for construction, joinery, and industrial applications.
• Sawn Timber Pine Sawn timber products made from Swedish pine, available in various dimensions for construction and export markets including Norway, Japan, UK, and North Africa.
• Construction Timber Construction timber in various strength classes (including C24 structural softwood) for structural building applications.
• Components Door and window components manufactured at Setra's component factory in Långshyttan, supplied to industrial customers.
• Pyrocell Pyrolysis Oil Renewable non-fossil pyrolysis oil produced from sawmill byproducts at the Kastet sawmill in Gävle through the Pyrocell 50/50 joint venture with Preem; sold as biofuel feedstock and ISCC-certified.
• Setra Wood Products (UK) UK subsidiary of Setra that holds landed stocks and sells sawn packs of joinery-quality pine and spruce, glulam, and C24 structural softwood throughout the UK.
• Setra Polartrall Terrace Decking Terrace decking product made from slow-grown Arctic Circle pine, offered in finger-jointed and unjointed variants with smooth and ribbed profiles in green and brown colors.

Quantifiable outcome

• Operating loss of -622 MSEK in 2025, nearly tripling from -216 MSEK loss in 2024, despite revenue increasing to 5,619 MSEK from 5,182 MSEK
• +1 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• HS Timber GroupminorStrategic or Co-development Partner · 28 October 2025HS Timber Group acquired Malå Såg AB from Setra Trävaror AB, subject to regulatory approval. Malå Såg AB is a Swedish sawmill specializing in northern pine products, supplying regions including Norway, Japan, the UK, and North Africa, and plays a key role in regional forestry and bio-energy sectors.
• Bergs Timber ABminorOthers · 15 December 2016Setra sold Vimmerby sawmill to Bergs Timber AB. The transaction included fixed and current assets with payment in cash and newly issued shares in Bergs Timber, giving Setra approximately 6% ownership.
• DeromeminorOthers · 10 May 2016Setra sold its subsidiary Setra Plusshus (industrial wood house construction) to Derome. Derome sees the acquisition as aligned with their announced investment in wood housing production with modern volume building technology.
• PreemcoreStrategic or Co-development PartnerPreem and Setra collaborated on renewable fuel, investigating the possibility of building a joint production facility for manufacturing pyrolysis oil from sawmill byproducts. This partnership led to the establishment of Pyrocell for producing non-fossil pyrolysis oil.
• PyrocellcoreStrategic or Co-development PartnerJoint venture (50/50 with Preem) for producing pyrolysis oil from sawmill byproducts at Setra's Kastet sawmill in Gävle. Pyrocell manufactures non-fossil pyrolysis oil for renewable fuel, representing circular economy approach utilizing entire log.
• VasakronancoreStrategic or Co-development PartnerSetra launched partnership with Vasakronan, Sweden's largest property company, for sustainable construction using wood products. Vasakronan's CEO wants to challenge the construction industry to think afresh about wood construction.
• MellanskogminorOthersSveaskog sold its shareholding in Setra Group to Mellanskog, a forestry cooperative.
• MeikencoreChannel Partner/ Reseller/ DistributorMeiken is the largest glulam producer in Japan and expanded into cross-laminated timber in 2017. They have a close relationship with Setra as a key customer in the Japanese market.

Scale indicators10 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• Stora Enso: Largest Nordic forest products company with CLT/glulam operations, sawn timber, and engineered wood building solutions; comparable as a direct Swedish/European competitor across Setra's core product categories, only with a much broader portfolio and integrated forestland ownership.
• SCA: Major Swedish forest products group owning extensive forestlands and producing sawn timber, pulp, and wood products; comparable for its Swedish softwood sawmilling footprint and ownership by forestry interests, though more diversified into pulp and forest ownership.
• Holmen AB: Swedish forest industry group with sawmills, glulam, and engineered wood operations alongside forest assets; highly comparable in geography and product mix, particularly in sawn timber and value-added wood products for construction.
• UPM-Kymmene: Finnish forest products company with sawn timber, engineered wood, and plywood operations alongside biofuels (UPM Biofuels); broadly comparable as a large European diversified forest products incumbent, though much larger and more focused on pulp/paper/biorefining.
• Metsä Group: Finnish forest industry cooperative producing sawn timber, plywood, and engineered wood products with forest owner ownership mirroring Setra's Mellanskog structure; comparable in Nordic softwood sawmilling and cooperative ownership model.

Direct peers

• Bergs Timber AB: Swedish sawmilling group producing sawn timber and value-added wood products including planed timber and components — directly comparable in product range and geography, and notably the buyer of Setra's Vimmerby sawmill in 2016, taking a minority stake in return.
• Vida AB: One of Sweden's largest sawmill operators producing sawn timber, planed wood, and engineered wood products for the construction industry; closely matches Setra's product portfolio, geographic footprint, and reliance on Swedish softwood (spruce and pine).
• Binderholz: Austrian family-owned sawn timber and engineered wood (CLT, glulam) manufacturer with multiple sawmills and mass-timber production; directly comparable in the CLT/glulam product categories and the Europe-wide mass-timber construction value chain Setra serves.
• HS Timber Group: European softwood sawmill and engineered wood producer based in Austria/Romania; directly comparable as a pan-European sawmill competitor and the announced 2025 buyer of Setra's Malå Såg AB sawmill, indicating direct M&A overlap.

Regional players

• Mayr-Melnhof Holz: Austrian sawmilling and engineered wood group with sawn timber, CLT, and glulam operations across Central Europe; comparable in product range and value-added wood strategy, but primarily serves the DACH region rather than Setra's Nordic and UK core markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks4 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/SetraGroup
• LinkedInlinkedin.com/company/setra-group

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Setra Group