Metsä Group to invest €1.1bn in pulp mill in Finland

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Austrian producer of speciality fibres Lenzing failed to match the previous year’s earnings despite higher year-on-year sales in 2022. The company was increasingly affected by extreme developments on global energy and raw material markets. The market environment also deteriorated significantly in last year’s third and...

Russia’s war of aggression against Ukraine induced Mondi to divest its assets and exit operations in Russia. In line with an agreement reached in August 2022, the Syktyvkar pulp and paper complex is planned to be sold to Augment Investments for RUB95bn. In December 2022, Mondi also announced to have reached an...