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Paper and Board sector impacted by lower level of demand in Europe, destocking and high production costs

Suffering from an adverse macro-economic context, production of pulp and paper in Europe has experienced a decline in 2023. It was due to several compounding external factors: a poor economic environment, destocking and still high energy costs, as shown by the Cepi preliminary statistics report published today.

Reduction of strategic investment and increase in share of renewable energy at MM Kwidzyn, Poland

Due to uncompetitive wood prices from the Polish State Forests’ monopoly and low market demand across paper and board products, the company decided to significantly reduce the planned multiannual strategic investment project at MM Kwidzyn relating to energy, further pulp integration and the product range, which was announced end of April 2023. Instead, MM Kwidzyn will focus its investments on increasing its already high share of renewable energy of currently 69 % even further.

Releaf Paper Unveils a Sustainable Marvel: The Fallen Leaf Collection and Natural Kraft Collection Eco-Friendly Packaging

Releaf Paper, a pioneering producer of eco-friendly paper products and packaging from fallen leaves, is thrilled to announce its latest offerings: the "Fallen Leaf Collection" and "Natural Kraft Collection." This innovative line of products, including eco-friendly bags, paper sheets, and more, takes a significant stride towards preserving our environment while embracing the beauty of nature.

Arctic Paper moves to Warsaw Stock Exchange mWIG40 index

Arctic Paper S.A. announces that from September 1, 2023, the company's shares will be traded on Warsaw Stock Exchange mWIG40 index. mWIG40 index is successor of MIDWIG index and has been calculated since December 31, 1997 and comprises 40 medium size companies listed at WSE Main List. mWIG40 is a price index and thus when it is calculated it accounts only for prices of underlying shares whereas dividend income is excluded.

Pulp and paper sector more impacted by record-high energy prices and economic slowdown in 2022 than previously thought

Highly dependent on the economic context, the European pulp and paper sector has experienced a slowdown in 2022, particularly in the last quarters of the year. A declining trade balance may point to a decrease in global competitiveness, amid a period of regulatory uncertainty for Europe’s industry overall, and paper and board packaging producers especially.

Stora Enso plans restructuring actions to improve long-term competitiveness and profitability

Stora Enso is planning restructuring actions to strengthen the Group’s long-term competitiveness, improve profitability and focus capital allocation in strategic growth markets. Stora Enso is also taking the next step in driving a decentralised operating model targeting increased customer centricity, business focus and cost reductions. The planned restructuring actions, combined with previously initiated negotiations in the Packaging Materials division, would result in total reductions of approximately 1,150 employees.

Stora Enso completes negotiations at Anjalankoski production unit concerning the closure of one paper line

Stora Enso has completed the negotiations concerning the consolidation of its book paper production and the permanent closure of one of the two paper machines at the Anjalankoski site in Finland. The closure will take place during the fourth quarter of 2023.

In April 2023, Stora Enso announced a plan to permanently close one of the two paper machines and concentrate all book paper production to one line at the integrated Anjalankoski site due to the prevailing weak paper demand and high input costs.

Pulp and paper producers take stock of their investments in climate action

Since 2005, the CO2 emissions of the pulp and paper sector have been reduced by 36% and by substituting fossil-based products, the European forest-based industries lower the EU’s total emissions by an estimated 410 Mt CO2 per year. The equivalent of taking 85 million cars – or the entire fleet of vehicles registered in Germany and Italy – off the road. The 4th edition of REINVEST2050 offers a glimpse of how that is done, through a collection of testimonies from the movers and shakers in pulp and paper