Chile

Norske Skog divests its operations in Chile

March 26, 2012 by timbercommunity

Norske Skog has agreed to sell Norske Skog Bio Bio in Chile to Group BO, a consortium of Chilean investors, for USD 56 million. Group BO plans to continue producing newsprint at the mill.
- The divestment is a part of our strategy to improve Norske Skog's cash flow and financial position. We are very pleased to be able to sell the Chilean operations to an industrial player with long-term plans for the mill, says Sven Ombudstvedt, president and CEO of Norske Skog.

Higher wood fiber costs and lower pulp prices

November 14, 2011 by timbercommunity

Global hardwood pulp producers face higher wood fiber costs and lower pulp prices, reports the Wood Resource Quarterly. Profit margins are being squeezed for many hardwood pulp producers worldwide with higher wood fiber costs and lower product prices. The hardwood wood fiber price index (HFPI) reached a 24-year high in the 3Q/11 at the same time as hardwood pulp prices fell by 26% from June through October, reports the Wood Resource Quarterly.

Arauco receives Approval for Uruguay Plant

January 6, 2011 by timbercommunity

The Uruguayan government gave permission to Celulosa Arauco and the Swedish-Finnish company Stora Enso for the construction of a pulp mill in the area of Conchillas, Uruguay. The Project is planed to have a capacity of 1.3 million metric tons of pulp a year, but it is not yet defined. The total investment is estimated to fluctuate between U.S. $ 1,5 billion and US $ 2 billion.

Logset receives major order for forest machines

August 4, 2010 by timbercommunity

Forest machinery manufacturer Logset (www.logset.com) in Finland has received a significant order from Chile reported the Finnish public service television YLE. Logset will deliver two 18-ton forwarders and a number of harvester for a eucalyptus plantation in southern Chile. The deal also includes maintenance and user training, creation of spare parts inventory and installation of the harvester.

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.