Forest products

Munich, Vienna, May 06, 2011 - In the first quarter of 2011, the Lenzing Group, a world market leader for man-made cellulose fibers, was able to increase its consolidated sales by 46 % to EUR 532.1 million compared to the same period in the previous year (Q1 2010*: EUR 365.0 million). The increase in EBITDA of 66 % to EUR 114.9 million (Q1 2010*: EUR 69.3 million) was even more pronounced.

A massive fire destroyed the controversial wood-framed housing project being constructed in Richmond, British Columbia last night.

Finland , May 4, 2011 - “The forest industry's production has recovered both from the recession and the structural changes."

"The industrial policy decisions included in the coming Programme for Government will largely decide how profitable Finnish mills can be in international competition,” says Timo Jaatinen, Director General of the Finnish Forest Industries Federation.