Stora Enso finalises the divestment of 12.4% of its Swedish forest holdings

Stora Enso intends to divest its wood products DIY (Do It Yourself) unit in Amsterdam, the Netherlands to Megahout, backed by the private equity company Quadrum Capital. Closing is expected in Q3 2023, subject to regulatory approvals and consultation with employee representatives. The intended divestment of Stora Enso Timber DIY Products B.V. is in line with Stora Enso’s long-term strategy to focus on developing integrated mills for wood products production. The Amsterdam planing site is a small non-integrated unit with limited investment and growth opportunities and thus considered a non-core asset for Stora Enso.

Demand for imported softwood lumber to the US has fallen by six percent during the first nine months of 2017 as compared to the same period in 2016. In contrast, Chinese import volumes have been up 21% year-over-year. Demand for imported softwood lumber to the US has fallen by six percent during the first nine months of 2017 as compared to the same period in 2016. In contrast, Chinese import volumes have been up 21% year-over-year. The lumber trade in Europe has also picked up in 2017 with the United Kingdom, the Netherlands, Austria, Denmark and Spain having increased imports the most so far in 2017. Countries in the Middle East and North Africa, also known as the MENA countries, have sharply reduced consumption of lumber this year, reports the Wood Resource Quarterly (WRQ). In the first eight months of 2017, Egypt and Algeria (the two biggest lumber consumers in the region) have decreased their imports by 24% and 39% respectively as compared to the first eight months of 2016. Click Read More below for additional information.

In a world desperate for alternatives to plastics, the market-pull for dry molded fiber is enormous. To support converters in the transition to the new technology, PulPac continuously expands its network of preferred partners and suppliers. Solenis, a leading global producer of specialty chemicals focused on delivering sustainable solutions, has joined this global network of leaders supporting the dry molded fiber community. "We are excited to be a force for sustainable change in the packaging industry by contributing to this groundbreaking technology. Solenis has a prominent culture of innovation, consistently delivering new-to-the-world products and next-generation technologies to meet the ever-changing market needs and challenges our industrial customers face. I believe we are uniquely positioned to provide safe and sustainable barrier solutions designed for circularity to the dry molded fiber converters that lead the way and set new standards for fiber-based packaging,” says Daniel Palrén, Business Development Manager at Solenis. “Fiber-based products coated with these barrier coatings typically are repulpable, recyclable, compostable and biodegradable, thereby offering packaging producers a way to improve their sustainability credentials with brand owners, retailers and consumers.”