Norske Skog continued to increase the market share for both publication paper and packaging paper in the quarter, despite continued pressure on utilisation rates and profitability in the industry.

Start-up is scheduled for the first half of 2027.

Adjusted EBIT increased, for the fourth consecutive quarter compared year-on-year, to Euro 175 million. Adjusted EBIT margin increased to 7.4%.

The aim of the rebuild is to improve paper quality and increase production capacity from the current 100,000 tons to 110,000 tons per year. Start-up after the rebuild is scheduled for the Q4 2025.

Price for lumber exported from Sweden to Morocco upped 4%.

Imports of wood pellets to Italy contracted 9%.

Exports of lumber from Russia to Japan increased 18%.

Exports of lumber from European Union to United Arab Emirates contracted 13%.

South Karelia leads regional consumption with 13 million m3, followed by Central Finland and Satakunta.

At Euro 17.0 million, EBITDA was down 4.0% on the previous year, while EBIT totalled Euro 8.9 million, down 17.6% on the previous year.

LEB adoption significantly increases permanent and unskilled workers while leaving skilled and temporary employment unchanged.

Price for wood pellets exported from Vietnam to Japan dipped 3%.

Imports of wood furniture to Japan expanded 21%.

Rengo Co., Ltd. announces that it has merged OASIS Inc. and OASIS EXPRESS Inc., subsidiaries of Sanyo Jidosha Unso.

SPM Instrument AB service engineers and Arctic Paper Grycksbo personnel will begin system installation in early 2025.

With this expansion, VPK Group continues to build on its long-term strategy of sustainable growth with its vertically integrated business model in the paper and board packaging industry.