Company has agreed to purchase 50,000 metric tons of carbon removal credits by 2030.
Exports of plywood from Russia to China decreased 10%.
Price for lumber exported from Finland to China dipped 1.7%.
Exports of wood chips from Vietnam to China lost 8%.
Price for wood furniture exported from China downed 5%.
International orders remained stable, but domestic orders saw a notable decline of 5.9%.
The new line will increase the company’s ability to manufacture lightweight coated board and high-quality pulp.
The factory, expected to be operational by 2027, will be the first commercial sulfate lignin plant in Sweden.
Imports of wood chips to China decreased 5%.
Imports of softwood logs to China grew 15%.
Imports of softwood lumber to China gained 1.4%.
The decision follows challenges posed by high fiber costs and weak lumber markets.
Increased dry content after the press section ensures increased steam and CO2 savings in the dryer section.
Dirk Hoke succeeds the long-standing President and CEO, Dr. Toralf Haag, who left the company on Aug. 31, 2024.
U.S. existing home sales slide despite lower mortgage rates.