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
Total European shipments of graphic papers in June 2021 were UP 33.9% vs. June 2020 and are UP 2.5% year-to-date. Total European shipments of newsprint in June 2021 were UP 11.5% vs. June 2020 and are down 6.5% year-to-date. Total European shipments of sc-magazine in June 2021 were UP 28.1% vs. June 2020 and are UP 1.4% year-to-date. Total European shipments of coated mechanical reels in June 2021 were UP 43.2% vs. June 2020 and are UP 0.1% year-to-date. Total European shipments of uncoated mechanical (improved & others) in June 2021 were UP 26.9% vs. June 2020 and are UP 5.4% year-to-date. Total European shipments of coated woodfree in June 2021 were UP 57% vs. June 2020 and are UP 4.6% year-to-date. Total European shipments of uncoated woodfree in June 2021 were UP 41.7% vs. June 2020 and are UP 10.7% year-to-date.
I am pleased with the result we were able to produce for the second quarter of 2024. We are back to net sales growth, our underlying profitability improved, both sequentially and versus the same period a year ago, and we delivered yet again a solid cash conversion for the quarter. Demand for our products improved during the quarter, partly due to supply and logistics disturbances within our industry that worked in our favor. This helps us in the short to medium term, but end consumer demand has not strengthened significantly over the past months. We remain cautiously optimistic going forward about gradually improved market conditions. We have adopted an agile mentality to adjust to fast-changing market conditions, which we consider to be the new normal.
Crown Van Gelder is going for Gold with development partners in the Eurosac Grand Prix on May 19-21 in Bilbao, Spain. This year, 3 members of Eurosac (Novidon, Fiorini and Crown Van Gelder) will pitch together, in collaboration with sugar beet pulp supplier Cosun and brandowner DLF in a 5 minute video, not as individual companies going for own glory, but as value chain partners. Herewith the partners show, that fast innovation for creating a greener world is possible. This is a story about how Cosun Beet Company, Novidon, Crown Van Gelder, Fiorini and DLF came together and from synergy created swift innovation with a more sustainable product as a result. DLF was looking for the reduction of the environmental impact of their 3-layer 15 KG bag for packaging grass seeds, compared to their current bag, produced with kraft paper. The new and more environmentally friendly packaging had to contribute to the sustainability ambition of DLF. The search of DLF led to Crown Van Gelder - who developed Crown Native sugar beet paper within a 5-year collaboration with Cosun - after which Fiorini as DLF’s bag producer and both Cosun and Novidon were involved.