News archive

Tag: Sweden

Sweden: Holmen acquires Martinsons

20-07-2020
Sweden, Acquisition, Wood

Swedish pulp and paper company Holmen has signed an agreement to acquire Martinsons, one of Sweden’s leading players in sawn and processed wood products, at SEK 1.0 billion for 100% of the shares. According to a media release by Holmen, the acquisition will almost double Holmen’s sales of wood products to over SEK 3 billion, while also …

Stora Enso to plant more than 41 million tree seedlings in Finland, Sweden and Russia

26-05-2020
Stora Enso, 41 million, tree seedlings, Finland, Sweden, Russia

In 2020, more than 41 million tree seedlings will be planted in the forests of Finland, Sweden, Russia and the Estonia by Stora Enso. In the southern parts of the countries, the planting season started as early as April. In May, tree planting will be in full speed even further north. In northern forests, the planting season lasts about 150 days, …

Södra’s 1Q net sales down 12%

11-05-2020
Södra, Q1 2020, profits, sawn timber, Sweden

Despite dramatically changed conditions in the wake of the COVID-19 pandemic, production rates at Södra’s facilities remained high and stable in the 1Q 2020. During the 1Q 2020, consolidated net sales amounted to SEK 5,576 million (US$574 million), down 12% year-on-year. Operating profit totalled SEK 227 million (US$23.4 million) and …

Södra ends short-time working at Orrefors sawmill in Sweden

05-05-2020
Södra, Orrefors, sawmill, Sweden, Mönsterås, Hamina, Finland, resume, normal, production

At the beginning of April, Södra announced that it would be introducing short-time working at the Orrefors sawmill, Sweden, in light of the fall in demand related to the ongoing pandemic, but it is set to resume normal rate of production.  “We have identified a number of new business opportunities that will safeguard production …

Bergs Timber makes temporary adjustments to their production

07-04-2020
Bergs Timber, temporary adjustments, production, reduction, UK, Sweden, short-term work,

The effects of the corona crisis are beginning to be seen in lower demand for wood products. Bergs Timber has a large share of its sales to the UK market where demand now has fallen rapidly. In order to achieve a balance between production and demand, a number of changes will be made. Bergs Timber has agreed with the trade unions to start …

Komatsu Forest temporarily shuts down production of forest machinery

31-03-2020
Komatsu Forest, temporary, shut down, production, forest machinery, shortage, suppliers, parts, manufacturing, factory, Sweden

Due to the closure of suppliers of critical components, Komatsu Forest will temporarily shut down its production of forest machinery at its factory in Umeå, Sweden. The company agreed with IF Metall on short-term work from April 13 through June 21 for employees in production. "The background is that the corona pandemic has caused some of …

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