The business activity index of the construction industry was 60.2%, increase 3.7 percentage points from the previous month.
Newsprint
Ponderay Industries, LLC plans for a restart idled since bankruptcy in 2020 paper mill located in Usk, Washington, and has announced it is in advanced negotiations with key industry partners.
HEINZEL GROUP signs agreement for acquisition of Steyrermühl paper mill from UPM. The transaction comprises the UPM Steyrermühl site with approx. 400 employees, including the newsprint paper machine with an annual capacity of 320,000 tonnes and the Steyrermühl sawmill operations with an annual timber capacity of 370,00...
Poddar Global Private Limited has managed to bring a chartered break bulk vessel M/V LADA arrived at Mumbai Port from Russia carrying standard newsprint. It is the first time after 25 years Russia has loaded first breakbulk vessel of newsprint and India is also getting for first time newsprint by break bulk after 25 ye...
After seven consecutive monthly increases, sales of wood products declined, mainly due to lower prices.
Company will withdraw from Russia completely and will continue to implement the withdrawal in stages as the review of implementation options is fully completed.
How the world wood markets will change and what the Russian forest based industry will lose. The new report provides a detailed picture of how the global markets for wood products have changed in January-April 2022, and what consequences the war has had for Russian companies. It presents also the forecasts of the owner...
After the start of the war, Siemens put all new business in and international deliveries to Russia and Belarus on hold. The comprehensive international sanctions, as well as current and potential countermeasures, impact the company’s business activities in Russia, particularly rail service and maintenance.
UPM closed the sale of its Chapelle Darblay newsprint mill site in France to the Community of Rouen today. This sale is an asset sale, covering land, the buildings and the equipment. No personnel will be transferred.
As of 31 December 2021, the net asset value of the Russian operations was Euro 687 million.