The operations of Metsä Group’s only production unit in Russia, the Svir sawmill, have been suspended. Wood procurement in Russia for the Svir sawmill and imports to Metsä Group’s Finnish and Swedish mills has also been discontinued.
https://www.metsagroup.com/en/media/all-news/Pages/News.aspx?EncryptedId=8A8E86855E542149&Title=MetsaGroupsoperationsinRussiawillbediscontinuedforthetimebeing
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Overview • Q2 2022 reported operating income of $532 million; quarterly sales of $2.2 billion • Downward pressure on North American lumber market fundamentals; significant decline in US-dollar lumber benchmark pricing; uptick in European market pricing largely tied to traditional quarterly lag • Improved lumber & pulp shipments despite ongoing transportation challenges • Shareholder net income of $374 million, or $3.02 per share
FibDex® wound dressing – made from nanofibrillar cellulose by UPM Biomedicals – has taken a significant step in its path to market, as leading medical device distributor Steripolar Oy now sells the product in Finland. FibDex is the first clinical product of renowned forest-based bioindustry company UPM and shows promising signs for future developments, such as cell therapy. ”We are excited to offer this Finnish product, made from Finnish raw material, first in the world to Finnish healthcare professionals and patients,” said Johana Kuncova-Kallio, Director of UPM Biomedicals. “Nanofibrillar cellulose has proven its potential both in the development of cell therapies and in clinical applications, and we are committed to further innovation.” Kaj Dahlström, CEO of Steripolar, added: “We were attracted to the ingenuity of FibDex. We are always looking for products and solutions that offer diverse and pain-free healing, while minimizing damage to the environment.”
The American Forest & Paper Association (AF&PA) President and CEO Heidi Brock issued the following statement regarding preliminary rulings of circumvention inquires, involving imports of uncoated paper sheeter rolls from Indonesia, Brazil and Australia on existing antidumping duty (AD) and countervailing duty (CVD) orders. “AF&PA supports the enforcement of free and fair trade laws through an impartial and transparent process. The preliminary affirmative rulings – Indonesia and Brazil – ensure that paper imports are traded fairly in the U.S. market. AF&PA believes U.S. government enforcement of domestic and international trade rules safeguard the health of our industry, allowing markets to function properly.”