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UPM offsets crisis costs and achieves top results thanks to higher sales prices

Still good first half of 2023 expected despite numerous uncertainties

08 February 2023
|
Published in issue 6/2023
|
~ 3 min
Despite the structural and crisis-related decline in printing and writing paper deliveries, a strike at its Finnish mills from January to April and significantly increased costs, UPM achieved record sales and profits last year....
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FINAT reports sharp decrease in self-adhesive label demand

01 February 2023
|
Published in issue 5/2023
|
~ 1 min
In comments about its semi-annual market survey, FINAT, the European association representing the self-adhesive label industry, reported a sharp downswing in European consumption of self-adhesive labelstock in the fourth quarter...
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IP to sell its stake in Ilim to JV partners

25 January 2023
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Published in issue 5/2023
|
Igor Dugandzic
|
~ 2 min
International Paper Company (IP) has entered into an agreement to sell its 50 per cent interest in Ilim SA to its joint venture (JV) partners for an equity value of $484m. The sale was subject to regulatory approvals in Russia,...
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British government extends energy support scheme for businesses to April 2024

Higher level of support for energy and trade intensive industries

18 January 2023
|
Published in issue 3/2023
|
~ 4 min
The British Government will continue to support British businesses that have to pay high energy prices beyond 31 March 2023. Businesses in sectors with particularly high levels of energy use and trade intensity will receive a...
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Polish flag on table with graphs

Poland’s paper and cartonboard markets kick off the New Year with mixed prospects

Polish flag on table with graphs
13 January 2023
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Published in issue 3/2023
|
Karolina Utracki
|
~ 19 min
Paper and cartonboard manufacturers and their customers in Poland are starting the new year with a great deal of uncertainty. There is relatively broad consensus throughout the market that at least the first three months are...
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MM parts with its Russian assets.

MM sells Russian packaging plants to real estate business

MM parts with its Russian assets.
19 December 2022
|
Published in issue 51/2022
|
Frauke Schmidt
|
~ 1 min
Mayr-Melnhof (MM) is divesting its Russian assets. The company informs that it received approval from Russian authorities to sell its two Russian packaging sites to Russian real estate company Granelle. The Moscow-based company...
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German corrugated industry struggling with surge in costs

14 December 2022
|
Published in issue 50/2022
|
~ 2 min
The German corrugated industry association (VDW) reports receding deliveries in an interim report for 2022. Rising average sales revenues have not even come remotely close to offsetting high containerboard and energy costs, VDW...
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German fine paper business “driving with the hand brake on” in the month of December

Additional price cuts for brown kraftliner, white-top kraft also declining

14 December 2022
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Published in issue 50/2022
|
~ 6 min
It is unhappy faces all around on Germany’s printing and writing paper market. Business is currently “driving with the hand brake on,” insiders report, and the outlook for next year is not exactly rosy, either. Demand for fine...
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German printers are in a difficult situation

07 December 2022
|
Published in issue 49/2022
|
~ 1 min
Following a slight recovery in 2021, many printing companies in Germany now expect profits to shrink, leaving fewer companies who will still post profit growth in 2022. The annual industry-wide survey of the German association of...
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Pro-Gest’s profits surge in the first nine months of 2022

07 December 2022
|
Published in issue 49/2022
|
~ 3 min
2022 has been a turbulent year for Italian packaging and tissue group Pro-Gest, characterised by high energy costs, inflation and volatile demand. From a consolidated view, however, the company’s financial results for the first...
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