Metsä Board, part of Metsä Group, announced on 1 December 2020 that it had signed an agreement to sell a 30 percent stake in its Husum pulp mill in Sweden to the Swedish forest owners’ cooperative (ekonomisk förening) Norra Skog.
The transaction was completed on 4 January 2021, and its impacts will be included in Metsä Board’s financial reporting as of the January–March 2021 interim report.
https://www.metsaboard.com/Media/Stock-Exchange-and-Press-Releases/Pages/Release.aspx?EncryptedId=BF18C11159280429&Title=Thesaleofa30percentstakeintheHusumpulpmilltoNorraSkoghasbeencompleted
Related Posts
Valmet will supply a vast grade conversion rebuild with a wide scope of automation for Sappi Lanaken Mill in Belgium. In the project, the mill's paper machine 8 (PM8) currently producing lightweight coated (LWC) paper grades will be rebuilt to also produce lightweight and high-quality woodfree coated paper grades, which the mill will gradually start producing. The start-up of the rebuilt machine is scheduled for 2019. The project is an EPC delivery (engineering, procurement and construction) with an extensive site operation scope. The order was included in Valmet's third quarter of 2017 orders received. The value of the order will not be disclosed. The value of an order of this type is typically around EUR 60-80 million. Click Read More below for additional detail.
Total European shipments of graphic papers in July 2021 were UP 10.6% vs. July 2020 and were UP 3.6% year-to-date. Total European shipments of newsprint in July 2021 were UP 6.7% vs. July 2020 and were down 3.6% year-to-date. Total European shipments of sc-magazine in July 2021 were UP 8.6% vs. July 2020 and were UP 2.4% year-to-date. Total European shipments of coated mechanical reels in July 2021 were UP 10.4% vs. July 2020 and were UP 1.4% year-to-date. Total European shipments of uncoated mechanical (improved & others) in July 2021 were UP 5.8% vs. July 2020 and were UP 5.5% year-to-date. Total European shipments of coated woodfree in July 2021 were UP 30.3% vs. July 2020 and were UP 7.7% year-to-date. Total European shipments of uncoated woodfree in July 2021 were UP 5.8% vs. July 2020 and were UP 10.1% year-to-date.
Cascades announced that its corrugated medium manufacturing plant in Niagara Falls, New York, will be permanently closed as part of the optimization of the company's packaging production platform. Production will…