Klb

August 2, 2023

Canfor reports operating loss of $67 million

Canfor Corporation recently reported its second quarter of 2023 results. Q2 2023 operating loss of $67 million including a $57 million reversal of a previously recognized […]
August 2, 2023

Weak demand and lower selling prices put some pressure on UPM’s results

President and CEO Jussi Pessonen said markets had contracted rapidly and sharply and the company had sold far less than projected end demand would have led […]
August 1, 2023

Accursia Capital makes binding offer for Ahlstrom Stenay mill

Specialty paper and materials manufacturer Ahlstrom intends to close or sell the loss-making French site in Stenay. After a search and exploratory process lasting several months, […]
August 1, 2023

Billerud’s board announces that CEO Christoph Michalski is leaving

Billerud’s board announces that the company’s President and CEO Christoph Michalski is leaving the CEO role at Billerud, with immediate effect. Michalski has held the position of CEO […]
July 26, 2023

UPM to close down Plattling mill in Germany

About 600,000 tpy of uncoated and coated magazine paper capacity are to be removed from the market, UPM also plans to continue temporary layoffs in Finland. […]
July 26, 2023

The industry suffers trickle-down effects of reduced finished product demand.

On 25 July, the Bureau of International Recycling (BIR) published its mid-year report. Comments from Francisco Donoso, President of the BIR Paper division (picture), representing Dolaf Servicios Verdes (Spain): The main feature […]
July 24, 2023

Mercer International announces temporary curtailment of its Celgar pulp mill

Mercer International Inc. recently announced the temporary curtailment of operations at its Celgar pulp mill located in Castlegar, BC, including wood acceptance. The curtailment is currently […]
July 21, 2023

Södra invests in AI company and becomes a partner in Nordic Forestry Automation

The company develops next-generation operator support systems for forest machines based on sensor technology from autonomous vehicles and AI algorithms. The investment is done together with […]