Page 14 - Maxau News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The exchange rate of the national leu currency resulting from the quotations announced on Tuesday by the banks authorised to operate on the...

Strong performance and solid growth continue Q2/2021 (year-on-year) Sales increased by 22.6% to EUR 2 592 (2 114) million, due to higher deliveries and prices. Operational EBIT increased to EUR 364 (178) million, due to higher prices and volumes, especially in Biomaterials, Wood Products, and Packaging Materials. Operational EBIT margin increased to 14.0% (8.4%). Operating profit (IFRS) decreased to EUR 182 (226) million. EPS was EUR 0.26 (0.19) and EPS excl. fair valuations (FV) was EUR 0.27 (0.13). Strong cash flow from operations amounted to EUR 463 (363) million. Cash flow after invest...

7/19/2021 HAMBURG, July 19 (Reuters) - Parts of the river Rhine in south Germany remained closed to shipping on Monday after a rise in water levels following recent torrential rain, German authorities said. The southern Rhine rose last week after record rainfall and floods which have killed at least 157 people, Germany's worst natural disaster in almost six decades. Rhine river shipping remains stopped around Maxau and Speyer in south Germany, the German inland waterways navigation agency said. The high water levels makes passing under bridges impossible and prevents vessels sailing to Switze...

Stora Enso is selling its Sachsen newsprint mill in Germany, with the new owners planning to convert the facility to make containerboard.

Stora Enso will start co-determination negotiations with employees at its Kvarnsveden Mill in Sweden and Veitsiluoto Mill in Finland regarding a plan to permanently close down pulp and paper production at both mills. The planned closures would take place during the third quarter of 2021, and affect directly 670 people in Finland and 440 people in Sweden.   Paper demand in Europe has declined for over a decade. This trend has further accelerated due to the pandemic, which has led to changes in consumer behaviour. As a consequence, there is a significant overcapacity in the European paper mark...