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Holmen reported third-quarter operating profit of SEK 549 million, down 26% from SEK 737 million a year earlier. A major maintenance shutdown at Iggesund Mill reduced earnings, the company said. Consumers remained cautious and construction activity stayed low during the period. Demand for wood products was subdued, and prices were unchanged.…
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SunSirs reported on October 23 that China’s whiteboard paper market faced increasing supply-demand pressure and weakly declining prices. The report attributed higher available supply to production resumptions and new capacity entering operation. It said mills were scheduling maintenance shutdowns and producing to orders, but inventories were still accumulating and shipment pressure remained high.…
Mandura is producing Australian-made copy paper at Tasmania’s Boyer mill, according to a report published by Wood Central on October 22. The paper is made from FSC-certified Tasmanian pine. The product is sold exclusively through Winc. The report says the new line is helping protect 300 jobs at the mill.…
Georgia-Pacific has completed a US$150 million rebuild of Paper Machine No. 1 at its Wauna Mill in Oregon, United States. The project followed three months of downtime, and the company marked its completion with a rededication ceremony and ribbon-cutting on September 17.…
Progroup is maintaining its plan to build a new containerboard machine at the former Sappi site in Stockstadt, Germany. The company says commissioning could be delayed because of the challenging economic environment.…