Exports of wood chips from Vietnam to China increased 22%.
Biofuel
Price for wood chips exported from Australia to China gained 1.4%.
Imports of wood chips to China slid 4%.
The change negotiations cover approximately 780 employees at UPM Pulp Finnish operations, approximately 235 employees at UPM Timber sawmills, approximately 1,100 employees at UPM Communication Papers Finnish mills and approximately 90 employees at the UPM Biofuels Lappeenranta biorefinery.
Price for wood chips imported to European Union increased 7%.
In the third quarter, total trade in energy wood exceeded the average of the previous five years by almost a third.
Exports of wood chips from the U.S. contracted 17%.
Imports of wood chips to China contracted 8%.
Mercer International Inc. reported that operating EBITDA in the Q3 2023 was $37.5 million compared to $140.9 million in the same quarter of 2022 and improved from negative $68.7 million in the prior quarter of 2023.
Exports of wood chips from Vietnam to Japan grew 14%.
Q3 2023 operating cash flow was Euro 641 million, supported by cash inflow from working capital and energy hedges. Net debt decreased to Euro 2,363 million and the net debt to EBITDA ratio was 1.27.
Exports of wood chips from Vietnam to China gained 5%.
Imports of wood chips to Japan rose 3%.
The average price of wood chips slid 2.5%.
Price for wood chips exported from Australia to China slipped 0.6%.
Södra is selling its 49% stake in Silva Green Fuel to Statkraft, which will continue to run the company.
Massimo Reynaudo has been appointed President and CEO of UPM-Kymmene Corporation as of 1 January 2024.
The condensation turbine associated with this installation has set a new historical record, generating 853.7 MWh of renewable energy in one work day, from plant remains, such as branches and bark from sustainably managed forest crops.
Price for wood chips imported to Finland contracted 20%.
The funding is set to drive innovation, open new markets for wood products and renewable wood energy, expand processing capacity, and contribute to addressing the climate crisis.