Malaysia

Stora Enso finalises divestment of its Kotka Mills to OpenGate Capital

July 1, 2010 by timbercommunity

Stora Enso has finalised the divestment of its integrated mills at Kotka in Finland and its laminating paper operations in Malaysia to private equity firm OpenGate Capital as announced on 22 April 2010. The investment strategy of OpenGate Capital is to acquire non-core divisions and subsidiaries from global enterprises. The total consideration including earn-out is up to EUR 24 million.

Sow a Seed foundation

May 4, 2009 by timbercommunity

The IKEA Group participates in a number of forestry projects with external organizations building capacity for Forest Stewardship Council (FSC) certification, combating illegal logging and forestry research and education.

Deferment of blend biofuel implementation unlikely

March 25, 2009 by timbercommunity

Source: Malaysian Star - The Government may not defer the mandatory implementation of the B5 blend biofuel programme by 2010, but to address several critical issues first to ensure its success, said Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui.