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www.pulp-paperworld.com - Financial News
Due to the current coronavirus outbreak, the Finnish government has announced its intention to issue a presidential decree to commission the Emergency Powers Act (Valmiuslaki 1552/2011, as amended) on Tuesday, March 17, 2020, adopting multiple restrictive measures, including the prohibition…
Stora Enso is offering a possibility to follow its Annual General Meeting (AGM) via webcast as a precautionary measure to decrease any risk of infection of the new COVID-19 coronavirus. The company strongly encourages any shareholders who have recently visited…
The Austrian government has adopted further measures to stop the coronavirus from spreading. These measures also affect the Annual General Meeting of ANDRITZ AG on March 25, 2020. From today’s perspective, it will not be possible, according to the new…
Lenzing – Despite a generally difficult demand environment for textile fibers and a drastic drop in prices for standard viscose, the Lenzing Group recorded a solid business development in 2019. The disciplined implementation of the sCore TEN corporate strategy and…
Resolute Forest Products Inc. has just announced that its board of directors authorized the repurchase of up to 15% of the company's common stock for aggregate consideration of up to $100 million. Repurchase transactions will be funded using the company's…
Australia-based international forestry investor New Forests has agreed to purchase the Tasmanian plantations of a local subsidiary of Norwegian pulp and paper company Norske Skog. The purchase includes a net plantation area of more than 18,000 hectares of radiata pine…
Forisk Consulting, a leader in North American forest industry and timber market research, has acquired the North American Wood Fiber Review from Wood Resources International of Bothell, Washington. The Review, which tracks wood fiber markets in all major regions of…
Mikko PohjalaMikko Pohjala (M.Sc. Econ.) has been appointed Vice President, Investor Relations of Kemira Oyj starting from December 10, 2019. Mikko Pohjala transfers to Kemira from Citycon, where he has been working as Director, IR and Communications for the last…
Resolute Forest Products Inc. has just announced that it has entered into an amended and restated senior secured credit agreement for up to $360 million, replacing the company's existing $185 million senior secured credit facility. The amended and restated credit…
Minerals Technologies Inc. has just announced that its Board of Directors has authorized a new, one-year $75 million share repurchase program, effective immediately. This repurchase program replaces the previous program authorized by the Board of Directors that expired on October…
Pulpmills in Brazil had some of the lowest wood fiber costs in the world in the 2Q/19, according to the WRQ. Over the past three years Eucalyptus pulplog prices have fallen while the global Hardwood Fiber Price Index (HFPI) has…
Stora Enso has completed the divestment announced on 25 July 2019 of its 60% equity stake in the Dawang Mill in China to its joint venture partner, Shandong Huatai Paper. The transaction will not have any material impact on Stora…
Rottneros AB (publ) (“Rottneros”) has just announced that it is, through a written procedure, soliciting approval from holders of its notes (the “Noteholders”) with ISIN SE0010297804 (the “Notes”) to waive the distribution restriction in the terms & conditions of the…
Due to a lower pace in the initial start-up of the new board machine at Gruvön, the effect on the result in the third quarter is adjusted by approximately SEK 150 million. The effects in the fourth quarter and the…
Södra is adjusting the price of spruce logs and pulpwood. Spruce log supplies are high in both Sweden and the rest of Europe. The global economy is showing continued signs of a slowdown, which is affecting the finished goods market,…
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