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Issue date: 
January 17, 2011


UPM has selected Rauma as the possible location for a biorefinery in Finland. Rauma was chosen ahead of Kuusankoski for two key reasons: more
efficient energy utilisation, and lower investment costs e.g. in foundation work. UPM has not yet made an investment decision on building a

Issue date: 
Jan 18, 2011

Stora Enso and Arauco joint venture Montes del Plata invests USD 1.9 billion

Helsinki, Finland, Jan 18, 2011 - Stora Enso’s and Arauco’s joint-venture company Montes del Plata will build a new state-of-the-art 1.3 million tonnes per year pulp mill at Punta Pereira, in the department of Colonia, Uruguay.

Issue date: 
January 11, 2011

Stora Enso invests EUR 285 million in new containerboard machine at Ostroleka in Poland

Helsinki, Finland, Jan 11, 2011 - Stora Enso is strengthening its leading position in corrugated packaging in the growth markets of Central and Eastern Europe by renewing containerboard capacity at its Ostrołęka Mill in Poland.

Issue date: 
January 5, 2011

Finish roundwood cartel led to losses over one billion Euros for private owners

Finnish Yle reports on a raw timber cartel, which operated in Finland between 1997-2004. Forest Research Institute Metla estimates the value of direct losses for private forest owners to over one billion Euros. The indirect losses reached a few hundred million Euros.

Issue date: 
21 Dec 2010

Jukka Pahta appointed chief financial officer of Pöyry

Finland, 21 Dec 2010, Jukka Pahta, 44, has been appointed Executive Vice President and Chief Financial Officer of Pöyry PLC. He will become a member of the Group Executive Committee of Pöyry PLC and report to Heikki Malinen, President and CEO of Pöyry PLC. Jukka Pahta will be based at the Pöyry headquarters in Vantaa, Finland. He will take over his new duties on 1 March 2011 at the latest.

Issue date: 
21 Dec 2010

UPM Agrees on New Financing Arrangements

Helsinki, Finland, 21 Dec 2010 – UPM has prepaid all of the Uruguay Fray Bentos pulp mill investment project loans of USD 372 million. The security arrangements relating to the project loans will be released. The prepayment reduces financing costs and simplifies the Group's financing structure.

Issue date: 
December 18, 2010

Swedish Forest Society export timber to Finland

The forest society will load 2500 cubic meters of timber from the province on a cargo ship to Finland.

Issue date: 
December 13, 2010

Finnish company Pöyry strengthens its presence in the Brazilian forest production chain

Pöyry, the Finnish-based multinational which occupies a prominent position in developing worldswide projects in the pulp and paper sector, agreed to buy 60% of Silviconsult, the second largest Brazilian company in the forest industry.

Issue date: 
Dec 10, 2010

Finland to fund sustainable energy from forests in Indonesia

Issue date: 

Positive outcome to Russian timber export duty issue


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by Dr. Radut