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آرشیو برچسب های: Timber

Koskisen to invest in new log yard in connection with sawmill

The wood products company Koskisen will continue to develop Sawmill Industry’s production and has decided to invest in an eight-hectare log yard in connection with the new sawmill in Järvelä. The investment includes a log sorting yard and line with control rooms, as well as a stormwater treatment system. In addition, a new access route to the factory area, a gate environment, access control and a vehicle scale will be built.

The value of the investment is approximately EUR 15 million and the majority of it will be allocated to 2024. The new log yard and related operations are expected to be completed at the beginning of 2025.

 

Today, logs are sorted in the Koskisen Tehdastie industrial area and transported by trucks to a sawmill about four kilometres away on Mäntsäläntie. The new log yard will significantly reduce transport costs and the carbon footprint of transports.

 

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West Fraser to sell Hinton Pulp in Alberta to Mondi Group

West Fraser Timber Co. Ltd. announced an agreement to sell its unbleached softwood kraft pulp mill in Hinton, Alberta to Mondi Group plc, a global company in sustainable packaging and paper.

The transaction establishes a long-term partnership between the two companies in the region. Pursuant to the transaction, West Fraser will continue to supply fibre to the Hinton mill under long-term contract, via residuals from West Fraser’s Alberta sawmills. Mondi’s intention, subject to pre-engineering and permitting, is to invest Euro 400 million in the expansion of the Hinton mill, primarily for a new 200,000 tonne per annum kraft paper machine, anticipated to be operational from the second half of 2027.

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Stora Enso completes the divestment of its Hylte paper site

Stora Enso has completed the divestment of its paper production site in Hylte, Sweden announced on 27 January 2023, and all related assets to Sweden Timber, a Sweden-based sawmill and planing mill company. The enterprise value of the transaction is approximately EUR 18 million and will result in the reduction of Stora Enso’s annual newsprint paper capacity by 245,000 tonnes. Using 2022 figures as a benchmark, the divestment is expected to reduce Stora Enso’s annual sales by approximately EUR 160 million.

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