Finland harvested 4.1 million m3 of roundwood for industrial use, marking a 12% decline from April 2023 and an 11% decrease from the average for the past five years.
The average price of wood pellets declined by 18%.
This expansion is integral to the Company’s ongoing efforts to enhance manufacturing capabilities through automation and robotics.
Imports of logs to India lost 24%.
Price for plywood exported from Russia to China lost 6%.
Price for wood chips exported from Vietnam to China slipped 1.6%.
Exports of wood chips from Australia to China grew 12%.
Imports of softwood logs to China upped 5%.
Ponsse seeks to achieve carbon neutrality at its factory in Vieremä by 2025. Liquefied gas to be replaced with biogas at Ponsse’s Vieremä factory in Finland.
PM1 produces packaging paper grades, including fluting, testliner, kraft paper, and gypsum board.
Adjusted EBITDA for Q1 2024 was negative $3.5 million compared to negative $18.0 million in Q4 2023. In Q1 2024, this represents a positive contribution from the Company’s lumber operations and a negative contribution from the paper operations and overhead.
Swedish Sunds Fibertech AB and Arauco signed contracts for the supply of a new generation of resin-saving equipment.
The acquisition of forest plantation in Uruguay will increase the company's total area by approximately 41.000 ha.
This acquisition further strengthens the Andritz product portfolio in the field of process control and automation systems for pulp and paper mills and other process plants.
The Madison’s Lumber Prices Index for the week ending May 17, 2024 was US$416 mfbm. This is up by +0.2%, or +$1, from the previous week when it was US$416.
Trade volumes in April reflected a 15% decrease in industrial roundwood purchases from the previous year but were still 8% higher than the five-year average.