Archive for the ‘UPM’ Category

In April 2008, UPM signed an agreement to form a joint venture with the Russian Sveza Group to build an 800,000 t/yr pulp mill, a 300,000 t/yr sawmill and a 450,000 t/yr wood panels mill in Sheksna in the South of Vologda.
(more…)

Stora Enso, UPM and Metsäliitto deliberately violated Finnish competition law by exchanging information with each other on the price of timber, according to a report issued by the Finnish Competition Authority in January 2007.

(more…)

Pulp and paper prices are cyclical. The theory is simple: High economic growth leads to high paper consumption and demand. This in turn leads to high sales, high prices and high profits for the paper industry. Companies invest the money in new capacity. By the time the new capacity comes on line (five years later), economic growth has slowed. The market is flooded with paper (or pulp) and prices collapse.

(more…)