Holmen’s paper mill in Braviken, Sweden, is now running with maximum production efficiency and flexibility after international technology group ANDRITZ successfully completed the rebuild of the paper machine (PM52).
Holmen Board and Paper gains high production flexibility after ANDRITZ starts up rebuilt paper machine
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BillerudKorsnäs has signed a letter of intent to acquire Bergvik Skog Öst AB, owned by Bergvik Skog AB. Bergvik Skog Öst AB comprises approximately 350,000 hectares of forest land in Sweden. The transaction will secure parts of BillerudKorsnäs’ wood supply, and improve the possibilities to manage the mix of internal and external wood flows in order to increase efficiency. Bergvik Skog AB was formed in 2004 through an acquisition of the Swedish forest holdings of Korsnäs and Stora Enso. The biological assets of Korsnäs represented in 2004 approximately 17% (Bergvik Skog Öst AB) and the Stora Enso assets approximately 83% (Bergvik Skog Väst AB). As part of the transaction in 2004, long term wood supply agreements were agreed between Bergvik Skog AB and Korsnäs and Stora Enso. Click Read More below for additional information.
Sawlog prices were up in most regions of the world in the 3Q/17. The price increases from the 2Q/17 were generally smaller in local currencies than in US dollar terms because of the weakening US dollar. In US dollar terms, quarter-to-quarter prices were up the most in Europe (+7.9%) and Oceania (+6.1%), while the upward price adjustments were more modest in North America (+2.8%) and Latin America (+2.2%). The Global Sawlog Price Index (GSPI) has gone up for three consecutive quarters to reach $75.69/m3 in the 3Q/17. The increase of 5.1% from the 2Q/17 was the biggest quarter-to-quarter jump since 2010. In addition, the GSPI is at a three-year high because of the recent strengthening of sawlog prices throughout the world. With the outlook for continued strong demand for lumber in key markets and higher consumption of sawlogs, it is likely that the price index will continue upward in the coming quarters. Click Read More below for additional information.
NORPAC announced that they will raise the price of their Norbrite grades by $35.00 per short ton ($1.75/cwt) effective with shipments/invoices on or after October 1, 2017. Specific grades affected by this change in pricing include: Norbrite 65 ;Norbrite 70; Norbrite 75; Norbrite Plus; Norbrite Offset; Norbrite 92 Max; Norbrite Book Blue White; Norbrite Book Cream; Norbrite Hybrid