Archive for the ‘United Fiber Systems (UFS)’ Category

United Fiber (UFS) has announced that it has “put on hold” its plans to build a new pulp mill in South Kalimantan in Indonesia. The plan had been severely criticised by NGOs over several years and the company was mired in controversy – as this profile of the company, that I wrote three years ago, reveals.
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On the day that Unifiber announced that it has executed the Engineering, Procurement and Construction Contract for its proposed 600,000 tonnes per year pulp mill, the share price fell by almost 12%.
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In November 2006, 93 NGOs in 27 countries signed on to a letter to Merrill Lynch, Australia, New Zealand Banking Group (ANZ), Cornell Capital, Development Bank of Singapore (DBS) and Cellmark about their involvement in UFS’s pulp projects in Kalimantan, Indonesia.

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From: Chris Lang
To: Margareta Renstrom (WWF)
Date: 17.10.2006 12:23
Subject: Fwd: Fwd: Inhutani II, GFTN and UFS

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From: Chris Lang
To: Moray McLeish (IFC)
Date: 16.10.2006 22:18
Subject: Inhutani II, GFTN and UFS

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From: Chris Lang
To: Julia Lim (UFS)
Date: 18.10.2006 11:16
Subject: Questions on raw material supply for UFS’s pulp operations

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Here’s a calculation of the area of plantations that will required to feed UFS’ chip mill currently under construction on the island of Pulau Laut off the southeast coast of Kalimantan.

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WALHI Kalimantan Selatan, Community Alliance for Pulp and Paper Advocacy (CAPPA), PADI-Indonesia, NADI, Environmental Defense

PRESS RELEASE

IFC, MIGA, Merrill Lynch and ANZ Bank urged to reject United Fiber Systems and Kiani Kertas projects

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