The foundation stone of Metsä Wood’s new birch plywood mill was laid in Pärnu, Estonia. The greetings in the ceremony were delivered by the Minister of Public Administration of Estonia Mr. Jaak Aab and the President and CEO of Metsä Group Mr. Kari Jordan. “This is an important investment for Metsä Wood and the whole Metsä Group. It is done to better meet the globally growing plywood demand and to further improve Metsä Wood’s industrial efficiency. The new mill is a good example of Finnish-Estonian cooperation. Estonia has favourable business climate and it offers good logistical connections to our main markets.” said CEO of Metsä Group Kari Jordan in today’s ceremony. The annual birch plywood production capacity at the Pärnu mill will be 50 000 cubic metres and the total investment is approximately 55 million euros. Click Read More below for additional detail.
Canfor Pulp Products Inc. (TSX:CFX) announced today an extended outage on one production line at its Northwood Northern Bleached Softwood Kraft (“NBSK”) Pulp mill located in Prince George, British Columbia (“BC”). The outage is to enable the rebuild of the lower furnace of its number one recovery boiler (“RB1”), in order to ensure the safe and reliable operation of the boiler.
The Company currently estimates that the extended downtime will be approximately 85 to 100 days, with a reduction in production of NBSK pulp of 68,000 to 80,000 tonnes and an estimated capital cost of $30 million, as well as higher associated maintenance costs. Canfor Pulp will continue to operate the second production line at the Northwood Pulp mill over this period.