$ 0.08 per Pound Effective May 16, 2011
Vista System International, a world leader in Modular Curved Frame Technology (MCFT), recently supplied its elegant, flexible modular sign system to “Fenix Group Venezuela” for installation at Intercontinental Maracaibo 5 star hotel in Maracaibo, Venezuela.
Stora Enso is responding to growing demand and expectations in the packaging market by investing approximately EUR 90 million in Skoghall Mill in Sweden. The investment will enable further development of Skoghall Mill by securing its competitiveness and safeguarding its wood raw material supply by improving wood handling.
“Three months ago we promised improved earnings through better pricing and an improved cost base – and that is what the team delivered. We are pleased to report first quarter results for 2011 showing significant profitability improvement driven by broad and strong year-on-year pricing improvement in every segment. It is also important that these improvements were not solely due to market recovery, which was actually quite limited, but they also reflect a conscious effort to improve pricing quality even when that has meant limiting volumes and capacity. They are also a result of our cost base reduction we started several years ago.
Strong quarter – every business improved
Stora Enso initiated a change process called Rethink in spring 2010 and communicated the process internally in November 2010. Today Rethink is launched externally. The most visible sign of the change externally is Stora Ensos new corporate identity.
RISI, the leading information provider for the global forest products industry, today reported that China’s timber supply deficit (its imports of logs and the roundwood equivalent of imports of primary products like lumber, wood panels, woodchips and pulp) will jump from 107 million cubic meters in 2009 to 182 million cubic meters in 2015.
