The new BCTMP line will produce approximately 300,000 tons of competitive pulp to meet the growing demand, especially for products in the packaging market.
The Madison’s Lumber Prices Index for the week ending May 31, 2024 was US$417 mfbm. This is flat from the previous week when it was US$417.
Imports of wood chips to Japan rose 1.6%.
Outcome reached in the collective labour agreement negotiations at UPM Raflatac.
Exports in March 2024 were 0.82 million tons and averaged $201.45 per ton.
Price for logs imported to Japan expanded 28%.
While the economy is stable and recovering, pressures on employment and demand persist, necessitating stronger policies to boost domestic demand and job growth.
The $418 million expansion will increase diaper and training pant capacity by 50% and create 600 new jobs.
The transition will gradually take place during the second half of 2024.
Negotiations on the collective labour agreements for UPM Specialty Papers and UPM Raflatac will continue.
All Metsä Forest Eesti AS employees will transfer to the new owner’s service as existing employees.
Pino Pucci succeeds Brad Thorlakson as President and CEO.
Exporters expect prices to rise in June.
Price for logs exported from Japan lost 5%.
Exports of particle board from Turkey increased 23%.