Canfor Corporation (TSX:CFP) announced today it will curtail operations at its Polar Sawmill located in Bear Lake British Columbia, north of Prince George, following an orderly wind-down. The curtailment is the result of a shortage of economically available fibre in the region and is expected to be in place for a period of approximately six months. The Company will continue to evaluate market conditions and fibre availability in the region and adjust operations accordingly.
https://www.canfor.com/investor-relations/investor-news-press-releases/news-detail/2023/11/14/canfor-announces-extended-curtailment-at-polar-sawmill
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Stora Enso has completed the co-determination negotiations concerning the closing down the pulp and paper production at its Kvarnsveden site in Sweden. The closure will take place by the end of the third quarter of 2021. In April 2021, Stora Enso announced a plan to permanently close down pulp and paper production at its Kvarnsveden site due to the declining paper market. As a result of the co-determination negotiations regarding the Kvarnsveden site, pulp and paper production will be closed permanently by the end of the third quarter of 2021.The customer service centre located at Kvarnsveden will be closed down by the end of 2021. Power plant will continue to operate, however only for the purpose of district heating and for maintaining buildings onsite. When the co-determination plan was announced in April, the maximum personnel impact was estimated to be 440 people. Following the closure decision, co-determination negotiations regarding personnel impact and the related redundancies will begin shortly. No lay-offs will be executed before these negotiations have been concluded.
Stora Enso is investing EUR 14 million to build a granulation and packing plant for lignin, allowing easier packing and handling of lignin compared to powder and wet form. According to Stora Enso’s strategy, lignin is one of the key innovation areas for delivering growth on new applications, such as energy storage, binders and carbon fiber. The granulation plant will be located at Stora Enso’s Sunila Mill in Finland. Lignin is one of the main building blocks of a tree. Today, the lignin produced at Sunila Mill, Lineo™ by Stora Enso, is delivered as a dusty powder or as wet lignin. It is used, for example, as a phenol replacement in adhesives, as a bio-based natural binder replacing bitumen in asphalt, and in bioplastics. In the future, it can be used as a source of biocarbon in energy storage systems such as batteries for electric vehicles, as bio-based binders in plywood and as material for carbon fiber.