Forest products

Paper and packaging group Mondi would sell its Europapier business to Austrian paper and pulp manufacturer the Heinzel Group for €60-million in cash, it announced on Wednesday.

The JSE- and LSE-listed Mondi noted that the proceeds of the sale would be used to reduce its net debt.

VANCOUVER (Reuters) - A recent run-up by Canadian forestry stocks has investors in the downtrodden sector basking in a warm glow, but that could fade as quickly as it appeared if the industry returns to its self-destructive tendencies.

I used to think that using post-consumer recycled content to make paper was good, that cutting trees to make paper was bad, and that online editions were greener than “dead-tree” editions. Silly me.

April 20 2010  Magnus Hall, CEO of Holmen, has been elected new Chairman of Skogsindustrierna, the Swedish Forest Industries Federation.

On 8 December 2009, UPM, Metsäliitto, M-real, and Botnia closed the transaction according to which Metsäliitto's and Botnia's share of the Fray Bentos pulp mill and the eucalyptus plantation company Forestal Oriental in Uruguay were transferred to UPM. UPM has a 91% ownership in the Fray Bentos pulp mill and 100% in Forestal Oriental.

Construction of the Fray Bentos pulp mill began in 2005. The total investment was 1.2 billion US dollars. The mill started pulp production in November 2007.