Stora Enso, Helsinki, has to find a new CEO: 56-year-old Jouko Karvinen will resign from his position after seven years as CEO. This bit of news was communicated yesterday along with the publication of the quarterly figures. In a press release, the supervisory board expresses its regret over Karvinen’s decision. The Finn will act as Stora Enso’s CEO until a successor is found. Reasons were not given.
In the same breath Karvinen presents a restructured group. A 200 million savings program was implemented three months ahead of schedule. The long postponed commissioning of the pulp mill of Montes des Plata is imminent now. The 1.4 billion plant should actually have been put into operation already a year ago. But that will soon be the concern of the new CEO.
The “customary” price increases did not materialize in June. Most wood processing companies reported stable prices, but there were decreases, too.
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From January to May, the US reduced its softwood lumber imports by 5% year on year. Deliveries from Canada decreased by over 900,000 m³, whereas imports from Germany remained largely stable. Sweden...
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We used data published by 25 statistical offices worldwide to analyze volume and price trends for softwood lumber. In the US, the downward trend has at least come to an end, business in China has...
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