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Does an aggressive acquisition strategy always pay back? – pulp and paper industry example

Does an aggressive acquisition strategy always pay back? – pulp and paper industry example

In the 1990s-2000s, Norske Skog invested tens of billions Norwegian Krone to become the world’s largest newspaper (newsprint) and magazine paper company. Then the rapid development of internet occured, which clipped the wings of Norske Skog. During last years, Norske Skogindustrier ASA or Norske Skog, which translates as Norwegian Forest Industries, were in continuous troubles made mostly by an oversupply in the paper […]

Finland’s Metsa starts new 1.2 billion EUR bioproduct mill

Finland’s Metsa starts new 1.2 billion EUR bioproduct mill

Posted by on Aug 23, 2017 in mill news, pulp and paper |

Metsä Group’s next-generation bioproducts mill in Äänekoski came into operation as planned on Tuesday, 15 August 2017. Pulp deliveries from the new mill to customers will begin in early September 2017. The construction project was carried out as planned, in accordance with its schedule and its EUR 1.2 billion budget.

Södra Wood increases profits

Södra Wood increases profits

Posted by on Jul 25, 2017 in mill news, wood market |

Timber division of Swedish company Södra recorded a sharp profits jump in the second quarter to 50m SEK (Swedish Krone) compared to a year ago.

UPM continues developing Pulp Business by investing in efficiency and competitiveness of the Kaukas pulp mill

UPM continues developing Pulp Business by investing in efficiency and competitiveness of the Kaukas pulp mill

Posted by on Jul 17, 2017 in mill news, pulp and paper |

UPM will further improve the efficiency and competitiveness of the Kaukas pulp mill in Lappeenranta, Finland, by upgrading the mill’s production process with a EUR 30 million investment.

Georgia-Pacific to expand Palatka mill, add 80 jobs

Georgia-Pacific to expand Palatka mill, add 80 jobs

Posted by on Jul 11, 2017 in mill news, pulp and paper |

Georgia-Pacific is going to spend $400 million expanding its paper and pulp mill in Palatka, adding an additional 80 jobs to a county with the highest unemployment in Northeast Florida.