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Schauman Wood, a company of UPM-Kymmene Wood Products Industry, strengthens its position in Russia by acquiring the majority of shares of ZAO Chudovo-RWS, a birch plywood mill operating in the Novgorod region. By an agreement signed today, Raute Oyj has sold Schauman Wood its share of this company. The total value of the sale amounts to 3.9 million euro. As from 1 January, 2002 ZAO Chudovo-RWS wil... [more...]
Meeting point of the important decision makers of the furniture and interior design industry and forum for business talks: that is the concept and motiva- tion behind the ZOW, that is how the trade show took off. In February 2001, the boundaries of this enormous growth became visible for the first time. The masses of visitors reduced the quality of communication between the experts. Now the organi... [more...]
The recently released results of kiln drying survey in New Zealand have shown there is still room for improvement in techniques. The survey by Forest Research has shown that although there have been improvements in drying quality, there is also a tendency to over-dry. The outcome, published in the Wood Drying Newsletter, notes that a drying quality survey conducted in 1992 revealed less over-dryi... [more...]
Norske Skog has concluded an agreement concerning the sale of its Pisa Florestal forest property in Brazil. The buyer is an investment fund advised by UBS Timber Investors, a global capability of UBS Asset Management.
The property totals 102,000 hectares, of which 56,000 hectares is planted and intensively managed to produce an annual harvest of approximately 1.4 million cubic meters. An agree... [more...]
The way is now clear for Celulosa Pacifico of Chile to go ahead with a planned US$73 million investment in new technology and upgrading its plant located at Collipulli, in Region IX. A subsidiary of the large CMPC Group, Celulosa Pacifico received approval from the environmental agency, CONAMA, to proceed with the plant that will raise the plants annual production from 383,000 to 470,000 tons per... [more...]
Bright Wood New Zealand's proposed processing plant at Milburn in the south of New Zealand is expected to be the largest of its kind in New Zealand and Australia. The company has received resource consents from the local authority, the Otago Regional Council. Up to eight drying kilns could eventually be installed at the plant, and further land may be purchased for the development.... [more...]
The Vienna Stock Exchange announced that Andritz AG, which will be quoted in the Prime Market - the top stock exchange segment - from the beginning of 2002, is also to be included in the ATX share index of the Vienna Stock Exchange as of January.
The analysts at Erste Bank and Deutsche Bank also ranked Andritz as one of the "Top Buy Recommendations for 2002" only a few weeks ago - not least beca... [more...]
Sverker Martin-Löf (58), President and CEO of SCA, will leave his position in conjunction with the Annual General Meeting on 11 April 2002. Martin-Löf has been President of SCA since 1988. Jan Åström (45), currently Executive Vice President and Deputy CEO, has today been appointed successor by the Board of Directors. Åström will assume his position in conjunction with the Annual General Meeting in... [more...]
"2002 is likely to become a tough year for the European woodworking industry, although a recovery is expected at the end of the year at the latest", the President of CEI-Bois, Mr Borgström said at the meetings of the CEI-Bois Managing Board and the 49th General Assembly of CEI-Bois end of November.
As part of a broader campaign to better understand and improve the image of the woodworking indust... [more...]