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Södra posts strong result in turbulent times
Södra posted a very strong result for the first quarter of 2022. The result reflects the favourable market conditions for Södra’s core products, while global turmoil is creating uncertainty about the future. In the first quarter of 2022, net sales for the Södra Group amounted to SEK 8,165 million (5,733), up 42 percent year-on-year. Operating profit totalled SEK 1,974 million (547), representing an operating margin of 24 percent (10). Return on capital employed was 36 percent (10) and the equity ratio increased to 64 percent.
Sappi Europe announces further price increases for its Speciality Paper Portfolio
Sappi Europe informs customers about ongoing challenges to cope with further increases of pulp, energy, chemicals and transportation costs. Sappi Europe will therefore implement further price increases of between 6 and 12% across its entire Speciality Paper Portfolio. The increase will applied latest as of 1 June 2022, taking existing agreements into account. This will be in addition to the previously announced increases.
Katri Hokkanen appointed interim CFO at Valmet
Ms. Katri Hokkanen (M.Sc. Econ) has been appointed interim CFO at Valmet as of May 1, 2022. In this position she will report to President and CEO Pasi Laine. Katri Hokkanen joined Valmet in 2006 and is currently working as Vice President, Finance in Valmet’s Pulp and Energy business line. Prior to her current position, she led the finance operations in Valmet’s Asia Pacific Area organization and in the EMEA services business.
Toscotec to install TT SteelDryers in North America
Toscotec will supply several TT SteelDryer cylinders for two paper machines at the facilities of two confidential manufacturers in North America. The projects are slated for completion in 2022. By replacing the mills’ existing cast iron cans, the new TT SteelDryers will boost the drying capacity of the paper machines and lead to a significant production increase.
ABB expands KPM portfolio
ABB is launching their new KPM KB2 Ranger Model, a sheet break detection device that is invulnerable to paper jams, color and grade changes for the highest uptime with the lowest required maintenance. As the latest addition to ABB’s KPM Sheet Break Detector portfolio, this non-contact optical sensor will prove particularly important for paper or board producers making frequent grade changes or colored papers.
Huhtamaki launches Push Tab blister lid
Huhtamak announces a “first-to-market sustainable innovation” for the global pharmaceutical and healthcare industry. Huhtamaki's Push Tab® blister lid is mono-material PET and free from aluminum. It is designed to meet the stringent safety requirements of highly regulated pharmaceutical and healthcare packaging and provides the industry with a more sustainable alternative to traditional push-through blister packaging.
Paper for Power: Call for Papers
Bringing technological goals in energy supply, conversion and storage together along with paper making technology for creating novel cost effective technical materials: The green energy transition drives ambitious goals around the globe to reach green deal targets in decarbonization of overall economic fields. Green Hydrogen is one of the key strategic substances for energy carrying, retaining and storing as also for coupling the overall economic fields out of the gas section with each other (Gas-to-Power, Gas-to-Heat, Gas-to-Mobility, Gas-to-X).
Timo Lehesvirta appointed as Metsä Group's Leading Nature Expert
Timo Lehesvirta, M.Sc., biologist, has been appointed Metsä Group's Leading Nature Expert. His task, which is completely new at Metsä Group, includes ensuring that Metsä Group's strategic targets for safeguarding nature’s biodiversity are achieved and developing and implementing projects in his area of responsibility with various stakeholders.
Stora Enso divests its sawmills and forest operations in Russia
Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company’s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso’s Russian forest operation which through its harvesting supplies wood to the sawmills. Stora Enso’s assessment is that due to the uncertainties in the Russian market, local ownership and operation can provide a more sustainable long-term solution for these business operations and the employees working there.
Andritz: Statement on Russia
International technology group Andritz condemns the invasion in Ukraine that has resulted in devastation of infrastructure and loss of human life and is voicing and lending support to the Ukrainian people. Against the background of the continuing acts of war in Ukraine and the international sanctions imposed, Andritz has suspended all its new business in Russia for the time being.
Fedrigoni supports Medecins sans Frontieres for Ukraine
The dramatic humanitarian emergency caused by the war in Ukraine has mobilised so many solidarity projects. Fedrigoni Group has entered the field to provide support to the Ukrainian citizens, both those still in their country under bombardment and those who have managed to escape and are now scattered over the bordering countries or Italy.
Successful conversion and start-up of PM 5 at Spanish paper manufacturer Papresa
In March 2021, Papresa, a southern European manufacturer of newsprint, commissioned Voith with the resource-efficient grade conversion of PM 5 from newsprint to testliner and corrugating medium at its Rentería mill in Spain. In March 2022, one year after the order was placed, the PM 5 successfully went into operation and will henceforth enable significantly more efficient and sustainable production of packaging papers. The production of newsprint will be maintained on the mill’s PM 6 machine.
