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Forest owners' compensation claim finally at court

TRIBUNALForest owners' compensation claim finally at court

Summary:
The Helsinki district court started this week hearings regarding the compensation claims from 476 forest owners against forest companies Metsäliitto Osuuskunta, Stora Enso and UPM-Kymmene. The claims are related to a 2009 market court decision about the wood cartel. The claimants say that the cartel affected all wood trade at the time and lowered the price of raw lumber by 25 to 32 %. All three forest companies ask for the charges to be dropped and last autumn they made a settlement offer. Metsäliitto and UPM-Kymmene declined to comment on the ongoing trial. Stora Enso said that the lengthy process has been costly to all parties and the company hopes the matter can be resolved as soon as possible.

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Was grandpa's prized forest sold too cheap?

tribunalfinlandiaWas grandpa's prized forest sold too cheap?

Summary:
The Helsinki district court began a trial expected to last months: nearly 500 forest owners demand compensation from Stora Enso, UPM-Kymmene and Metsäliitto Osuuskunta in the so-called cartel case. In 2009, the market court ruled that the companies had operated as a cartel in 1997-2004. Stora Enso and Metsäliitto were fined a total of 50 million, while UPM-Kymmene was not penalized as the whistleblower. Municipalities, Metsähallitus and private forest owners demanded compensation.

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UPM and Tornator sign forestry land sales and wood supply agreements

forestal eucalUPM and Tornator sign forestry land sales and wood supply agreements

UPM and Tornator PLC have today signed a letter of intent on forestry land sales and long-term wood supply. Tornator will annually sell a significant volume of wood from their forests to UPM mills in Eastern Finland. Additionally, the companies have agreed on forestry land sales covering 23,000 hectares of UPM-owned forest estates in North Karelia to be sold to Tornator. The forests are located in the municipalities of Ilomantsi, Juuka, Lieksa and Polvijärvi and they are both PEFC(TM) and FSC® certified (FSC C 109750). The parties have agreed not to disclose the value of the agreements.

"Our mills in Eastern Finland use all wood assortments and Tornator owns a significant number of FSC certified (FSC C 123368) forests in their vicinity with a versatile range of tree species", says Sauli Brander, SVP, UPM Wood Sourcing and Forestry. "This agreement strengthens the wood supply to UPM mills and increases the FSC certified wood volume in our mills in Eastern Finland."

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Celulosa al 28 de marzo 2017


celulosa UPM OtepaaFecha              Valor
28-03-2017     722,11
21-03-2017     716,38
14-03-2017     711,51
07-03-2017     701,13
01-03-2017     690,37
22-02-2017     681,77
15-02-2017     678,16
07-02-2017     671,56
31-01-2017     658,40
24-01-2017     657,72
17-01-2017     652,30
10-01-2017     651,46

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UPM announces further rationalisation measures in Europe

blanding foresty paper millUPM announces further rationalisation measures in Europe

More than 100 jobs might be eliminated
Following job cuts at its Augsburg and SteyrermĂĽhl facilities due to paper machine closures, UPM Paper recently announced further rationalisation measures. More than 100 jobs might be eliminated in several of UPM's European sites, according to Euwid.

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Annual General Meeting approves dividend increase to 1.50 euros per share

andritzAnnual General Meeting approves dividend increase to 1.50 euros per share

At today’s 110th Annual General Meeting of ANDRITZ AG, the shareholders agreed to raise the dividend to 1.50 euros per share for the 2016 business year (2015: 1.35 euros per share). The ex-dividend date is March 30, 2017, and the date of dividend payment is April 3, 2017.

Christian Nowotny, Chairman of the Supervisory Board of ANDRITZ AG, was re-elected to the Supervisory Board for the maximum period stipulated in the Articles of Association (i.e. until the end of the Annual General Meeting that will decide on the discharge for 2021). Christian Nowotny was appointed a member of the Supervisory Board of ANDRITZ AG in December 1999 and has been Chairman of the Supervisory Board since March 2014.

All items on the agenda were approved by the shareholders present at the Meeting.

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