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Stora Enso has signed an agreement to divest its Maxau paper site to Schwarz Produktion

Stora Enso has signed an agreement to divest its Maxau paper production site in Germany, and all related assets to Schwarz Produktion, part of Schwarz Group, one of the top retailers in the world. The enterprise value is approximately EUR 210 million. Closing is expected in the beginning of 2023, at the latest, subject to regulatory approvals.
 

Metsä Board presents circular economy solutions at the autumn packaging trade fairs

Fresh fibre paperboard is an excellent material for the circular economy. Metsä Board is the leading European producer of premium fresh fibre paperboards and part of Metsä Group. This autumn at major packaging trade fairs, Metsä Board will be presenting packaging solutions which support the vital circular economy and will be showing the potential of paperboard to replace fossil-based materials and reduce carbon footprint of packaging. 

€16 million in increased electricity cost forces Lessebo Paper to halt production

The electricity cost for Lessebo Paper has unprecedently increased from €3 million to €19 million per year. The drastically increased electricity price is forcing Lessebo Paper to halt production as of today Wednesday, August 31. A decision for production will henceforth be taken daily depending on the electricity price.
 

EU Commission proposals on mandatory reductions risk causing greater uncertainty for industry in case of gas supply disruptions

The European Commission released the Winter Preparedness Package. The measures outlined in the package respond to the intertwined needs of European citizens and industry, in the face of a deteriorating situation regarding energy supplies. They also introduce a greater level of uncertainty, requiring belated changes to emergency plans previously developed by Member States.
 

Cornerstone laid at Kuopio mill, progressing Mondi’s €125 million investment programme in Finland

Mondi, a global leader in sustainable packaging and paper, continues to make progress on its previously announced €125 million investment to expand and upgrade its Kuopio mill in Finland with expected start-up by the fourth quarter of 2023.
 
This morning, regional and local officials joined Mondi’s Group CEO and other senior leaders at a ground-breaking ceremony to celebrate this major upgrade of the semi-chemical fluting mill.

Strike ends at UPM mills in Finland

UPM and the Paperworkers’ Union have agreed on first-ever business-specific collective labour agreements for five UPM businesses. The strike at UPM mills in Finland will end immediately and employees will return to work. The strike covered UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac and UPM Biofuels units in Finland. UPM will restart customer deliveries as soon as possible.

Paperworkers’ Union announces extension to the strike at several UPM mills in Finland

The Paperworkers’ Union announced today that the strike at most UPM’s Finnish mills will continue until 30 April 2022, unless new collective labour agreements are reached before that. Yet another extension of two weeks to the strike comes at a moment when negotiations between the union and UPM businesses continue intensively, and the conciliator has submitted a settlement proposal in the negotiations between UPM Pulp and the union. The parties must state their position on the proposal by 14 April.
 

Stora Enso plans to divest four paper sites to focus on strategic growth areas

Stora Enso has initiated a sales process for a possible divestment of four paper production sites. In line with Stora Enso’s strategy, paper is not a strategic growth area for the Group. The divestment intent is aligned with the Group’s strategy to focus on long-term growth potential for its renewable products in packaging, building solutions and biomaterials innovations.