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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Pulp & Paper / Sawmilling / Wood Products / Wood-based panels / Europe / Global
May 21, 2020

UPM, Stora Enso and Metsä prepared to face the economic downturn caused by the coronavirus

UPM, Stora Enso and Metsä prepared to face the economic downturn caused by the coronavirus
Despite the coronavirus pandemic, the early part of the year was still reasonably good for large Finnish forestry companies.   Finnish companies operating globally mostly performed well during the first quarter. Admittedly, there were great disappointments among them.  No one knows what to do next. In the fall, the results will plummet, but may not be as much as feared.  In the current exceptional situation, the importance of export earnings for the Finnish economy is further emphasized. Even the export bet could clot towards the end of the year if the pandemic does not ease ...

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