Tag: UPM

Global Trends Review, October 21-27, 2013: Softwood lumber industry forecast to rise in 2014, Russian lumber deliveries to UK to fall 10% this year

At the International Softwood Conference held from 14 to 18 October in Edinburgh, Scotland, the European Forest Institute (EFI) presented a forecast, according to which in 2014 softwood lumber output will rise by 2.9% to 109.13 million m3...

LIK re-launched former UPM’s sawmill in Pestovo

Lesnaya Innovacionnaya Kompaniya (LIK, Forest innovative company) re-launched production of sawn timber at the former factory of UPM in Pestovo, Novgorod region. The company intends to invest RUR 1.2 billion into production upgrades. The investor will use both...

Global Trends Review, September 09-15, 2013: bio-CHP industry spreading over Europe; bank experts predict merger of UPM & Stora Enso

Fortum company opened a new combined heat and power (CHP) plant in the Latvian city of Jelgava. The new power plant uses biomass as fuel and will provide district heating to the residents and businesses in Jelgava as...

Global Trends Review, August 12-18, 2013: Further wood processing companies increasingly competing with plastics and cheaper products

Competition in the further processed products has been intense recently. European producers of laminated flooring (EPLF) association expressed concern about competition from Chinese manufacturers in Russia in a press statement issued after their June meeting, as ITTO reported....

Global Trends Review, August 05-11, 2013: Overcapacity hinders wood-based panel industry in Europe

Austrian company Egger has published its outlook on the industry quoted by Holzkurier. According to Dr. Thomas Leissing, Head of Finance, Administration and Logistics, there is worldwide growth except for Europe. However, in Northern Europe and Germany, a...

UPM: Major benefit of Russia’s accession to WTO will be in softened customs procedures

On the pages of corporate Griffin journal, top managers of UPM expressed their outlook on possible results of Russia’s WTO accession for the company. Pekka Rajala, VP, Sourcing Director North Europe, supposes that elimination of export duties will...

UPM sells Pestovo sawmill in Russia to Lesnaya Innovacionnaya Kompanya LLC

UPM has signed an agreement on the sale of Pestovo sawmill with Lesnaya Innovacionnaya Kompanya (LIK) LLC, as the Finnish company said in a press release. The parties have agreed not to disclose the sales price. UPM announced...

Global Trends Review, July 15-21, 2013: sawmillers and pulp makers predict volatile but better market environment in the second half-year

In the construction sector, seasonally adjusted production fell by 0.3% in the Eurozone and by 0.2% in the whole European Union area in May 2013, compared with the previous month, according to first estimates released by Eurostat. With...

Global Trends Review, June 10-16, 2013: lumber outlook, pellet and chip consumption surging, plastics & chemicals from wood

The 35,000 members of the European Organisation of the Sawmill Industry (EOS) produced 75.7 million m3 of softwood lumber in 2012 – 4.5% less than the year before, Holzkurier reported. A challenging situation on the log procurement front...

Global Trends Review, April 29 – May 05, 2013: Canadian quarterly reports: NBSK up, paper down, and OSB surging

Major Canadian and North-West U.S. companies posted first-quarter results last week. Mercer International Inc., operating in Canada and Germany, reported net loss of €0.4 million compared to net income of €1.2 million in 1Q 2012. Total revenues for...

Global Trends Review, April 08-14, 2013: Housing market drives capacity changes

Since April 15, 2013, WhatWood launches English version of Global Trends Review, as announced earlier. Sawlog prices in Europe were generally lower in 2012 than in 2011 because of lower log demand from the sawmilling sector, as reported...

UPM: Plywood market in 2012 was tough on strong competition from Latin America and Russia

Helsinki, April 10. Sales of UPM in 2012 reached €10.44 billion, which is 4% higher on-year. However, operating profit of the company declined by 22% to €530 million, as reported in the annual report of UPM. Log prices...