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International Paper Finalizes Purchase of SCA Packaging Asia Business

July 1, 2010 by timbercommunity

The purchase price amounts to USD 200m in cash. This acquisition strengthens International Paper's industrial packaging business in China -- the largest corrugated market in the world, and it extends our presence in Southeast Asia," said Paul Brown, president, International Paper Asia. "We have an experienced leadership team in place and our business will now be more competitive and better able to serve customers in this fast growing region of the world." Read more

Holmen reduces workforce at Hallsta Paper Mill

June 21, 2010 by timbercommunity

This week, Holmen Paper will begin negotiations on reducing the workforce at the paper mill in Hallstavik. Around 150 people will be affected. "As the market for printing paper continues to be weak, we are forced to take steps to maintain our competitiveness and improve profitability," says Arne Wallin, head of Holmen Paper. "Unfortunately, these measures mean that a number of employees will have to leave the company." Read more

Normal production restored at Norske Skog Bio Bio in Chile

May 21, 2010 by timbercommunity


 
Norske Skog Bio Bio in Chile was hit by an earthquake in February 2010. As a consequence, all production at the mill was stopped. The mill started up on April 30, 2010. The Bio Bio mill in Conception is now returned to normal operations. The force majeure announcement of 3 March 2010 is therefore revoked.  About 50 per cent of newsprint production is for domestic Chilean newsprint market. The other 50 per cent of the mill’s newsprint production is exported to other South American countries. Earthquake striked Chile 28th of February which stands for 7-8% of the world production of softwood pulp.

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Strong forest industry in Sweden according to a new business survey

April 29, 2010 by timbercommunity

There is a major growth in orders received and production volume in manufacturing companies for the first quarter 2010 according to Swedish National Institute of Economi Research (konjunkturinstitutet). New orders have increased significantly in this quarter from both domestic and export markets. Growth has been strongest for the forestry, steel, metal products, machinery and motor vehicles industries. Read more

M-real can make three to seven days

March 5, 2010 by timbercommunity

If the stevedore strike continues the paper manufacturer M-real will manage three to seven days before the company will consider closing one plant. Read more

Very strong report from Stora Enso Fourth Quarter

February 4, 2010 by timbercommunity

Forest group Stora Enso reported a profit of 80.6 million euros for the fourth quarter. During the same period in 2008 was there a loss of 846 million euros.

Analysts had very wrong about the outlook from Stora Enso. Stora Enso reports a profit before tax of 123 million euros (28) for the fourth quarter of 2009. An analyst poll was expected that this figure would stop at 70 million. It would appear that as the largest newsprint producers will not see the image too bright for Stora Enso. Falling newsprint prices and raw material prices starting to move up is not particularly funny and tools like Ipad beginning to appear not directly improve the situation.

Interesting is that 15% of its turnover comes from the pellet thus it is quite important that these activities are going well. Pellets are made of by-products from sawmills. Production takes place in an integrated, all-new Stora Enso plants. In order to minimize unnecessary transport. Read more

Holmen increase profits - reduces dividend

February 4, 2010 by timbercommunity

The paper manufacturer Holmen reports a profit before tax of 332 million SEK  in the fourth quarter (195) in the interim report. This was slightly better since analysts expected to present a pre-tax profit of 307 million SEK for the fourth quarter,according to a compilation of 13 analysts' forecasts SME Direkt also compared with 195 million the same quarter last year.

The share rose 2.25 after the report was released. Pulp prices have in recent months has reached a historic high (U.S. $ 820/ton) and continues to rise week by week. The staff reduction of 100 persons in progress at Holmen's mills in Braviken expected to have its full impact on the costs towards the end of 2010. Read more

Research: Batteries made from nanotubes and paper

December 12, 2009 by timbercommunity

An article in Sciencenews describes that scientists in Stanford have made batteries and supercapacitors with little more than ordinary office paper and some carbon and silver nanomaterials. The paper-based devices show excellent performance largely due to paper’s porous nature: at the nano scale, paper is a tangled matrix of fibers. Read more

Imports of logs, lumber and pulp to China increased substantially in the 2Q/09 as the country’s economy grow by almost 8%, reports the Wood Resource Quarterly

December 3, 2009 by timber09

 China became the major import destination for many globally traded forest products in 2009. The country is the world’s largest importer of wood pulp and logs, and was the 2nd largest importer of softwood lumber in the world in the 2Q/09, reports the Wood Resource Quarterly.

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Interim Report for Holmen

November 4, 2009 by timbercommunity

January-September 2009 Read more