New management team member reports to CEO as predecessor Timi Hyppänen departs the company.
Wood Pulp
Cost savings programme offsets lower prices as group begins market-driven shutdown at Joutseno pulp mill.
Possible temporary layoffs would run from June through December and cover parts of Packaging and Paper, and Pulp, Energy and Circularity.
Significant overcapacity in the forest industry led to production curtailments that reduced demand for pulpwood, and pulpwood prices fell during the quarter. Log demand decreased, and log prices began to decline slightly from very high levels.
Price for wood pulp imported to United Arab Emirates fell marginally 0.6%.
Price for wood pulp imported to United Arab Emirates upped 4%.
Price for wood pulp imported to United Arab Emirates grew 13%.
New division head succeeds Doug Smith after securing new supply and driving strongest results since 2016.
Price for wood pulp imported to the EU slid 1.3%.
Price for bleached softwood kraft pulp imported to China upped 1.0%.
The forestry group cites higher logistics and input costs, a stronger krona and uneven pricing between wood supply and finished products, while pointing to small pulp-price gains late in the quarter.
Interim office of the CEO formed as Scott Sutton resigns, with CFO Marcus Moeltner among four executives leading transition.
Imports of bleached kraft pulp to China rose 3%.
Price for bleached kraft pulp exported from Uruguay to China grew only 0.9%.
Price for bleached kraft pulp exported from the EU upped 4%.
Compared with the previous month, production was down 5%.
Martin á Porta named Deputy Chair as committee leadership assignments confirmed at constitutive meeting.
Price for bleached hardwood kraft pulp exported from Brazil grew only 0.9%.
Price for bleached hardwood kraft pulp exported from Chile upped 4%.
Price for bleached softwood kraft pulp exported from Chile gained 3%.