Lecta Announces Price Increase for Coated Web Rolls

The new state-of-the-art pine sawmill in Rauma in Finland, owned by Metsä Fibre, part of Metsä Group, has moved from production test run to continuous sawn timber production. The sawmill is operating continuously in three shifts. “The Rauma sawmill implements Metsä Group’s strategic goals of increasing the value of Finnish forests, growing profitably with our customers, enabling fossil free production and increasing the production of products that store carbon for a long time. The role of the mechanical forest industry is very important for our whole value chain, and I’m happy that new ways to significantly improve performance have been found also there,” says Ilkka Hämälä, President and CEO of Metsä Group.

Brazil’s Suzano Papel e Celulose SA will pay Fibria Celulose SA’s shareholders 52.50 reais ($15.92) per share in a merger that will create the world’s largest pulp maker, the companies said in statements on Friday. Additionally, Fibria’s shareholders will receive 0.4611 shares of Suzano for every share they hold in Fibria. Click Read More below for additional information.

*Sales increased 56.7% to $668.3 million, reflecting the benefit of the merger; 8% organic sales decline with negative volume/mix offsetting price increases *GAAP loss was $4.5 million, GAAP EPS was $(0.08), which all included merger integration and purchase accounting expenses* On August 1, Company announced the proposed sale of Engineered Papers and capital allocation changes *Approximately $575 million of expected net proceeds to be used to reduce net debt by 35%