The capacity increase of over 10% will be operational in the last quarter of 2024.
Wood Pulp
Operating profit totalled SEK 398 million ($36.7 million), representing an operating margin of 5%. Return on capital employed was 8% and the equity ratio was 60%.
Stora Enso has also appointed Carolyn Wagner Executive Vice President, Packaging Solutions division.
Cerrado Project required investment of around U$4.3 billion and will contribute to increase Suzano’s production by more than 20%.
Compared to the same month in 2023, the figure advanced by 1.4%.
Over the last 12 months, the all items index increased 3.0% before seasonal adjustment.
Beto Abreu succeeds Walter Schalka, who served as Suzano’s CEO for 11 years.
Mats Nordlander will remain in his role as Head of the both Business Areas until December 31.
The bioproduct mill is now continuing to increase production according to start-up plan.
The loan is to be used for general working capital purposes.
Many factors suggest that the long-fiber market will continue to be structurally undersupplied.
Overall, manufacturing sales in Canada rose 1.1%.
The price per share will be Euro 39.70, with a total acquisition purchase price of Euro 230 million to be fully paid at closing.
The new BCTMP line will produce approximately 300,000 tons of competitive pulp to meet the growing demand, especially for products in the packaging market.
The negotiations for collective labour agreements for UPM Specialty Papers, UPM Raflatac, and UPM Biofuels are ongoing.
With the new Logistics park, more freight handling can also move from the centre of Sundsvall to the Logistics park of Tundal port.
Paper Excellence Canada will work in close consultation with the Province of Nova Scotia (Canada) in undertaking a feasibility study to determine whether a viable business case exists to open a new mill there.
Jamie A. Beggs and Scott A. Tozier to join as newest Board members.
ABB solution to help prioritize crucial operational processes in the bleach plant based on data-driven decisions.
Ence’s consolidated operating result (EBITDA) reached Euro 45 million in the Q1 2024, 78% more than the previous quarter.