Anu Ahola has been appointed Senior Vice President responsible for SBU Newspaper Publishing, UPM Paper ENA (Europe and North America) as of March 1, 2016. Anu Ahola is currently Senior Vice President responsible for Strategy & Energy within UPM Paper ENA. She has been in her current role since 2013. Ahola joined UPM in 2007 being responsible for strategy creation and implementation processes and Paper Business Group's strategy development. Prior to joining UPM she worked for Nokia and Pöyry.
With the deadline just over two weeks away, we encourage anyone who was not yet applied for the 2016 Collaboration Fund to send us their proposals for new and innovative projects. The last day for submitting your proposals is 18 March 2016. Interested in getting involved? Through the Collaboration Fund we seek to support efforts to advance sustainable forest management and forest certification around the world by our members and partner organizations. Any new and independent projects which embody and stand to deliver on the Fund’s objectives while be considered.
Stora Enso has two paper mills in China, as well as core factories, production and distributing units through the packaging company Inpac. The Beihai consumer board mill project is the first time the company has started building a mill on an empty field in China. The idea of establishing a complete production chain in Guangxi, from raw material to end product, came in 2006. Already, Stora Enso had been establishing sustainable eucalyptus plantations in Guangxi since 2002. Then in 2012, Stoar Enso announced the plan to build a world-class integrated consumer board mill in China, to provide excellent service with cost-competitive, locally produced high quality liquid packaging boards on a regional basis for global key customers.
Chris Hughes, co-founder of Facebook, has confirmed the sale of The New Republic, after a failed attempt to revitalize the century-old magazine. Win McMormack, political activist and publisher of Tin House, has emerged as the buyer. Terms of the deal have not been disclosed.
The latest data from Genscape show that the crude oil inventory at Cushing, Oklahoma, rose by 503,000 barrels between February 19 and February 24, 2016. The API (American Petroleum Institute) reported that the Cushing crude oil inventory rose by 0.31 MMbbls (million barrels) for the week ending February 19, 2016. The EIA (U.S. Energy Information Administration) reported that the Cushing crude oil inventory rose by 333,000 bpd (barrels per day) to 65 MMbbls for the same period. The Cushing crude oil inventory has risen due to the increase in supply as a result of new pipelines coming online and the increase in storage capacities in response to long-term oversupply concerns. The pipeline infrastructure in this area is the Keystone pipeline owned by TransCanada (TRP). The rise in the Cushing crude oil inventory might boost crude oil and refined products exports. However, the current WTI-Brent spread makes US crude oil exports unviable.