Imports of wood pulp to European Union rose 1.8%.
Wood Pulp
Rengo Co., Ltd. announces that its consolidated subsidiary Taiko Paper Mfg., Ltd. (TPM) has partnered with Biomaterial in Tokyo Co., Ltd. to commence a demonstration project to produce second-generation bioethanol, which is the raw material for sustainable aviation fuel (SAF).
The mechanical and electrical refurbishments will extend the ESPs’ lifetime and enable an increase of the boiler’s capacity while ensuring compliance with the current emission standards.
For the 12-month period, Producer Price Index (PPI) increased by 1.6% y-o-y, the highest level since September 2023.
UPM's businesses and the Paper Workers’ Union have been negotiating for the last two years of the contract period. The business environment has changed significantly since the agreements were signed in 2022, said UPM.
Ence's consolidated operating result (EBITDA) reached Euro 25 million in the fourth quarter and Euro 89 million in 2023.
Nordic Paper decides to explore a potential sale of the Company in response to Shanying’s announced intention to divest its 48.16% stake.
The preliminary target capacity of the facility is 20 thousand tonnes of fibre per year, and it is likely to be located near an existing Suzano pulp mill.
Net sales for 2023 were $1,643 million, down $74 million from the prior year.
The change negotiations cover approximately 820 persons in UPM Pulp Finland's operations, approximately 340 persons in UPM Timber sawmills and approximately 1,100 persons in UPM Communication Papers Finnish mills.
The delivery is scheduled to take place in October 2024.
For the Q4 2023, Canfor Pulp Products reported an operating loss of $15.1 million, compared to an operating loss of $49.3 million for the Q3 2023.
For the Q4 2023, Canfor Corporation reported an operating loss of $191.3 million, compared to an operating loss of $65.1 million for the Q3 2023.
Imports of wood increased by 5% compared to the monthly average for the year 2022. The most important source of imported wood in December 2023 was Estonia (42%).
With a capacity to produce 2.1 million tons of eucalyptus pulp per year, the mill is the biggest in Uruguay and the world’s biggest single line mill in operation. It will also contribute around 1 TWh of surplus green electricity per year to the Uruguayan power supply.
The new turbine will be placed in a new turbine hall on Södra’s industrial site and is scheduled for operation by mid-2026.
In February 2024, China's imported coniferous pulp prices increased by 0.9% to 5910.9 yuan per ton compared to mid- February.
The woodyard project, which is anticipated to reach completion in 2025, will employ an additional 150 skilled workers from 26 local contractor companies.
The investment of Euro 30 million will make the current process for the production of this product more flexible special paste for absorbent hygiene products, reaching the replacement of up to 125,000 current tons of standard pulp per fluff cellulose.
William McCartney, who previously served as lead director, has been appointed Interim Chairman by the Company’s board of directors.