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Pulp & Paper

Recovery in EU wood imports continues in 2018

The total value of EU imports of wood products was 19.44 billion euro in 2018, 5.1% more than [...]

Stora Enso plans massive lay-offs in Finland due to lumber oversupply and high log prices

Stora Enso prepares for temporary lay-offs in its Wood Products division in Finland. The provisional lay-off plans concern [...]

UPM and IKEA sign contract to secure wood supply in Russia

On 25 February 2019, Hasslacherles, UPM Chudovo, IKEA Industry Novgorod and the Administration of the Novgorod region have signed a [...]

Canfor’s lumber shipments drop 14% in Q4 /18

Canfor Corporation generated strong financial results in 2018 with reported operating income of $608.6 million, the highest operating earnings [...]

Finland: Roundwood prices up 6% in 2018

For the Finnish wood industry, the year 2018 was characterized by a clear rise in the real stumpage prices of [...]

SCA inaugurates its new giant pulp mill in Sweden

Sweden's King Carl XVI Gustaf inaugurated SCA’s pulp mill Östrand in Timrå. The expansion of the mill is [...]

Lithuania: Sawlog prices more expensive at the beginning of the year

As compared to December 2018, all prices for roundwood in Lithuania have increased in Lithuania in the first month of [...]

Södra achieves record-high result in 2018

Södra’s consolidated net sales for full-year 2018 rose 18 percent to SEK 24,230 million (2018: 20 [...]

Stora Enso to implement a EUR 120 million cost-cutting programme as market uncertainty rises

Stora Enso is implementing a cost-cutting programme of Euro 120 million targeting reductions in variable and fixed costs, as [...]

The Russian forestry sector reports growth in production in 2018

The Federal State Statistics Service (Rosstat) published the first final data on the volumes of timber production in 2018.   [...]