Strategy

Clearwater Paper Corporation announced the indefinite closure of its Neenah, Wisconsin facility, which includes three tissue machines and ten converting lines, removing a total paper production capacity of approximately 54,000 tons. Clearwater Paper intends to indefinitely close Neenah and exit the away from home busin...

Mikhail Shamolin, President of Segezha Group (a Sistema company), and Arthur Parfenchikov, Head of the Republic of Karelia, Russia, signed a letter of intent for the implementation of the “Segezha West PPM Construction Project”. The investments are estimated at RUB 178 billion ($2.4 billion).

Keta Kosman, Publisher of Madison’s Lumber Reporter, monitors lumber prices every day. She thinks we are in a new era for the economy. In the 1950s, there was much infrastructure building, it was all a huge boom for the economy for two decades. We're in a similar situation right now, she says. The U.S. administration i...

Stora Enso has signed an agreement to divest its Sachsen Mill located in Eilenburg, Germany, to the Swiss-based family-owned company Model Group. The enterprise value of the transaction is Euro 35 million, subject to customary purchase price adjustments. All 230 employees at Sachsen Mill will move to Model Group with t...

Smurfit Kappa is substantially expanding its converting capacity at four manufacturing plants across the Czech Republic and Slovakia with Euro 20 million investment. The investment will see the installation of new converting equipment which will increase capacity by over 100 million regular and offset printed boxes per...

Russ Taylor, president of British Columbia based Russ Taylor Global, says that high prices cure high prices. High lumber prices will eventually reduce demand and increase supply – high prices scare people away. He is confident the prices for lumber will start to settle down, but at higher levels than we have ever seen ...

Metsä Fibre’s Rauma sawmill, part of Metsä Group, has concluded a service agreement with Euroports Finland on port operations for sawn timber in Rauma. The agreement is for four years and will take effect in the summer of 2022.

Homann Holzwerkstoffe GmbH proved its crisis resilience and achieved record earnings before interest, taxes, depreciation and amortization (EBITDA) in the financial year 2020 despite a slight decline in revenues due to the pandemic. Operating EBITDA rose from Euro 47.1 million to Euro 49.4 million. The EBITDA margin co...

Nordic Paper has decided to discontinue the production of pulp at the Säffle plant in Sweden, during the 4Q 2021 and replace it with purchased external pulp. The decision has been made as the consultations with trade unions regarding the pulp production now have been concluded.