News in international markets

Metsä Group has completed the sale of Metsäliitto Cooperative’s wood supply business in Latvia to ACA Timber.

In value, Brazilian exports of wood-based products (excluding pulp and paper) rose 4.0% year-over-year in April, the ITTO reported.

New Zealand announced a new arrangement with Vietnam that will enhance cooperation in the forestry sector, the Vietnam Investment Review reported.

Metsä Fiber announced the conclusion of change negotiations at its Joutseno and Rauma pulp mills and the Rauma sawmill in Finland concerning potential temporary layoffs.

The plant produces a renewable alternative to fossil coal using sustainably sourced biomass, specifically pre-commercial thinnings of certified forests in Finland.

Moelven plans to close its sawmill in Ransby, Sweden—one of its two sawmills—citing weak profitability due to high raw material and production costs.

Stora Enso has entered into an agreement to divest approximately 175,000 hectares for an enterprise value of EUR 900 million.

Holmen is giving notice to about a third of its employees at its sawmill outside Norrköping, Sweden, Skogsindustrin reported.

The project has reportedly been planned for a long time, but Stora Enso has not commented on the matter publicly, Metsälehti reported.