Metso will supply a greenfield kraft pulp mill to the Japanese Oji Paper Co. Ltd., to be built in Nantong City, Jiangsu Province, in the southern part of China. Start-up of the pulp mill is scheduled at the end of 2012. The value of the order will not be disclosed. A typical value of this type of a pulp mill ranges from EUR 100 to 150 million depending on the scope of the delivery writes Metso in a pressrelease. Read more
Global Fire Information Management System from FAO
The UN Food and Agriculture Organization present a new web-based tool Web Fire Mapper. FAO publishes a map which shows all the current fires. On this website you can clearly see the fire in many places all over the world.
http://geonetwork4.fao.org/firemap/ Read more
The outbreaks of bark beetle "mountain pine beetle" will have serious consequences for employment and forest industry in the Canadian region British Columbia. To date, the bark beetle has killed half of the region final felling mature lodgepole pine and in a twenty years is expected to more than 11 000 job opportunities disappear. Read more
Standard and Poor's Rating Servides has revised its long-term credit rating on Norske Skog to B-, from earlier B. The Negative Outlook is maintained. Norske Skog does not have interest or covenants linked to the rating level on the existing debt.
Profit after tax for January–June 2010 was SEK 312 million (January–June 2009: SEK 501 million). Operating profit amounted to SEK 588 million (787). Earnings were better than analysts expected. Holmen Paper’s profit deteriorated considerably as a result of lower newsprint prices. Profitability in the Group’s other business areas improved. Read more
The head of the Russian forest agency, Sergei Gordeitjenko, has been sacked after criticism from Russian President Dmitry Medvedev. The background is the radioactive contaminated forest fire in Russia. Russian forest management Roslesozasjtjita meet on Wednesday, emergency department by confirming reports that Greenpeace's forests contaminated with radioactivity from Chernobyl affected by the fires.
Net sales EUR 489.4 million (EUR 398.9 million). Continued favorable demand in most of our customer segments was the main driver for the significant improvement of profitability in the second quarter. Furthermore, efficiency improvement measures initiated earlier are now bearing fruit. We were also able to pass on rapidly rising raw material costs to our sales prices according to Jan Lång, President and CEO. Read more
Seattle, USA. August 2010. As a sign of improved markets for forest products in early 2010, global trade of logs increased by almost 20 percent during the first quarter as compared to the same quarter in 2009. An estimated 67 million m3 of softwood logs were traded in the world in 2009, which can be compared to over 95 million m3 in the record-year of 2007. Read more
NewPage Corporation, the largest coated paper manufacturer in North America, announced today it has been honored by the HP Indigo Preferred Media partner program with a two-year extension of its preferred partner status. N ewPage has now earned this status partner four years in a row. As a preferred partner, NewPage has achieved a higher level of collaboration with HP Indigo, going beyond substrate certification and including a commitment to ongoing product development and go-to-market cooperation.
Read more
Board director Alexandra Bech Gjørv, 6,000 shares at a price of NOK 8.13 per share (6,000 shares).
