Further to Canfor Corporation’s (TSX:CFP) announcement on June 17, 2020, its 70%- owned subsidiary, Vida Group, has today completed the purchase of three sawmills located in Sweden from Bergs Timber.
https://www.canfor.com/docs/default-source/news-2020/canfor-subsidiary-closes-bergs-acquisition.pdf?sfvrsn=330fee91_2
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The permit covers the new biorefinery operations as well as the necessary modifications required at the pulp mill to create the desired synergies between operations. A comprehensive application was submitted. Over a period of many years, the project team has conducted investigations and consulted with the authorities and the general public. The court decision that was received yesterday covers 184 pages alone. Work to examine the court decision is now fully underway. “From what we have seen so far, it seems as though the court has taken our point of view for the most part and accepted the conditions that we have proposed,” explains Roger Östlin, Project Manager. “On October 21, we will find out if the ruling will gain legal force or if it will be appealed.”
Sappi Limited wishes to congratulate Mr Valli Moosa for his appointment by President Cyril Ramaphosa as deputy-chair and member of the inaugural Presidential Climate Change Coordinating Commission for South Africa. The Commission is chaired by the President. The mandate of the commission is to advise on and facilitate a common understanding of a just transition towards a low-carbon, inclusive, climate change resilient economy and society, including matters of adaptation, mitigation as well as means of implementation. The commission comprises representatives from government departments and state entities, business organisations, labour, academia, civil society, research institutions and traditional leadership. Mr Moosa is the lead independent director of the Sappi Limited Board and serves as chair of the Social, Ethics, Transformation and Sustainability Committee of the Board.
UPM and the Paperworkers’ Union have agreed on first-ever business-specific collective labour agreements for five UPM businesses. The strike at UPM mills in Finland will end immediately and employees will return to work. The strike covered UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac and UPM Biofuels units in Finland. UPM will restart customer deliveries as soon as possible. The conciliator submitted settlement proposals for separate collective labour agreements for UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac ja UPM Biofuels yesterday, and both parties approved them on April 22, 2022.