UPM and United Bankers' forest funds have signed a contract on forest estate transaction and long-term partnership
UPM and United Bankers have today signed a contract on forest estate transaction and long-term partnership. UPM sells over 21,000 hectares of land, located mainly in Kainuu region, to United Bankers forest funds UB Timberland and UB Nordic Forest Fund III. In the long-term partnership UPM commits to manage United Bankers forest property and United Bankers commits to sell a significant amount of wood to UPM annually.
Target of the partnership is to increase the area and yield of forests owned by United Bankers subsidiary UB Fund Management Company Ltd's forest funds. A long-term wood trade agreement will enhance predictability in the future.
Stora Enso and FSC® join forces in a strategic partnership
Stora Enso and the Forest Stewardship Council® (FSC) have signed an international partnership agreement establishing a long-term strategic collaboration to develop and promote sustainable forestry.
Stora Enso and FSC have announced today a new partnership agreement that aims to increase FSC certification, especially among small- and medium-sized private forest owners in the Nordics, Baltics, and across Europe. The aim is to increase the FSC certified wood supply.
Stora Enso introduces Performa Brilliance
Stora Enso is introducing a new and advanced 395 g/m2 grade of Performa Brilliance by Stora Enso, enhanced with micro-fibrillated cellulose (MFC), an advanced, renewable, recyclable and biodegradable fibre-based material that can be used in creating lighter, stronger and more sustainable material.
The new grade of Performa Brilliance by Stora Enso is designed for folding cartons for premium and luxury packaging, where higher strength is needed for improved usability, while meeting the end-users increasing demand for sustainable, renewable packaging material.
Chinese imports of hardwood chips reached a record high in 3Q
The 3Q/18 brought development in East Asia, as Chinese imports of hardwood chips reached a record high and Vietnam expanded its market share at Australia's expense, reports the Wood Resource Quarterly
In the 3Q/18, Chinese importation of hardwood chips reached a record high, and Vietnam substantially increased its shipment as compared to 2017, reports the WRQ. While the average import price has only increased slightly in the past year, Australian prices have gone up substantially from the end of 2017.
Small business owners in troubles when bigger companies take time with paying bills (YLE)
YLE reports about the problems small business owners are facing if larger companies are late paying their bills. The practice is increasingly common. Among other things, the automation giant ABB has recently turned to several Finnish companies with a letter where the company announces that the payment period is extended to 90 days. When asked about its payment terms, Stora Enso's communications director Satu Härkönen responded that "these are confidential terms of agreement that we negotiate and agree on." Third parties are not informed about them.
Kemira achieves Gold Status in EcoVadis Sustainability Assessment
Kemira has been awarded the Gold Recognition Level for the CSR (Corporate Social Responsibility) performance for the fourth consecutive year by EcoVadis, a collaborative platform providing sustainability ratings and performance improvement tools for global supply chains. With a score of 75/100 points, Kemira is among the top 5% performers evaluated by EcoVadis in the category of chemical industry.