Image

Stora Enso divests Russian sawmills & forest operations

4 May 2022
Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company’s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso’s Russian forest operation which through its harvesting supplies wood to the sawmills.

Stora Enso’s assessment is that due to the uncertainties in the Russian market, local ownership and operation can provide a more sustainable long-term solution for these business operations and the employees working there.

The transaction is, pending necessary approvals, expected to be concluded within Q2 2022 and will have no material impact on Stora Enso’s annual sales and Operational EBIT. The sawmill sites are located in Novgorod and Karelia employing approximately 330 people and have a total annual capacity of 350,000 m3 of sawn timber, including 55,000 m3 of processed timber and 65,000 tonnes of pellets. Stora Enso’s Russian forest operations employs approximately 170 people and manages long-term harvesting rights for around 370,000 hectares. Stora Enso announced on 2 March 2022 that it would stop all production and sales in Russia until further notice. The Group is in a process to find a sustainable solution for the future of its three packaging plants in Russia.

Source: Stora Enso

Read More
Image

FIEA wood residues conference – Call for speakers

Following on from last year’s record turnout, planning for Residues2Revenues 2024 is now well underway. The NZ forest industry is looking to capitalise on the growth and demand in biofuels, bioenergy and a range of renewable bioproducts. This event helps ...
Read more
Image

4,600 kilometres for SCA’s electric log truck

SCA’s electric log truck continues to transport wood between Gimonäs timber terminal and Obbola paper mill, has now been in operation for over 1.5 years, covering over 4,600 km; SCA testing truck for log transport directly from forest. SCA’s electric ...
Read more
Image

Toroawhi initiative comes to an end

The Forest Industry Safety Council (FISC) is announcing today that our Toroawhi / Worker Champion initiative is coming to an end. The Toroawhi initiative started in February 2020 as a pilot sponsored by WorkSafe. But the funding and initiative will ...
Read more
Image

New tool to manage forestry slash

Better management of forest felling waste has gained new impetus in Cyclone Gabrielle’s wake, with the sector firmly in the spotlight for the impact such waste has had on communities, ecosystems, and farmland downstream from harvest areas. Rotorua-based forest management ...
Read more
Image

Pacifica Shipping introduces battery swap e-trucks

NZ coastal shipping operator Pacifica Shipping is introducing fully electric battery swap trucks to create one of New Zealand’s lowest emission supply chains for heavy freight. The company, a division of Swire Shipping (NZ), received NZ$252,000 in co-funding from the ...
Read more
Image

Next-gen heavy duty truck charging

Global efforts to decarbonise medium- and heavy-duty (MHD) freight vehicles are crucial for reducing transportation-related greenhouse gas (GHG) emission with the medium- to heavy-duty electric truck market forecast to reach NZ$335 billion (US$207b) by 2044. So says IDTechEx in its ...
Read more