Search Results for: russia

UPM estimates the result for its sawn timber business will be weaker than forecast in the second quarter of 2008. Also the full year profitability outlook for the sawn timber business within the Wood Products Division is expected to further weaken markedly. UPM will start employee negotiations for the possible closure of Leivonmäki sawmill in[…]

South Korea is becoming a significant user of wood and recent changes in government economic development plans indicate that the country could see significant growth in the construction of wood-frame single- and multi-family houses over the next 15 years. In contrast to Japan (a country with a long tradition of building wooden homes) and China,[…]

Ponsse’s Board of Directors has decided on the new compositions of the Group Management Team and the Sales Management Group as of June 1, 2008. Mikko Laurila was appointed as a member of the Sales Management Group and Vice President responsible for the North European Business area and Sales Director for Finland of Ponsse Group.[…]

The market for forest machines has been stable in Sweden for many years. But in 2007 something happened that could turn the market upside down in the long term. Market challenger Ponsse increased its share of the forwarder market by 38 per cent. The Finnish manufacturer Ponsse greatly strengthened its position in Sweden following Hurricane[…]

The world’s second- largest papermaker, Stora Enso, posted a bigger-than-expected loss in the fourth quarter on rising wood prices and costs to close mills, according to a Bloomberg report. The loss was 135.3 million euros ($197 million), compared with a year-earlier profit of 263 million euros. Analysts estimated a loss of 81 million euros. Sales[…]

The FOREST STEWARDSHIP COUNCIL (FSC) says good progress was made last year on FSC brand penetration and market growth. The FSC has launched a market information pack that provides many indicative and revealing figures and statistics on FSC growth, market share, label recognition and other strong indicators of the growth in supply and demand for[…]

Ponsse’s financial statement for last year showed: – Order intake rose by 49% to €361.2 million. – Consolidated turnover rose by 30% to €310.1 million. – Consolidated operating profit rose by 25% to €37.1 million. Arto Tiitinen, President and CEO: “We are especially pleased by the fact that the order intake rose by 49% from[…]

Madill Business Development International Vice President, Bob Larter, announced at the annual Truck Loggers Conference in Vancouver that the company has increased its distribution network into Australia, New Zealand and Russia. “The forestry market is very active world-wide and we are pleased to be able to offer Madill machines in other markets to compliment our[…]

With the first edition of International Forest Industries landing on the desks of the global forestry community early this month, the IFI editorial team has started putting together stories and information for the first edition of the New Year. The launch edition of the magazine included a general overview of current industry issues through the[…]

With the first edition of International Forest Industries set to land on the desks of the global forestry community in early December, the IFI editorial team has started putting together stories and information for the first edition of the New Year. The launch edition of the magazine included a general overview of current industry issues[…]