Silvestica Green Forest Finland acquires 6,877 ha forestry land from UPM

UPM has signed a contract to sell forest estates to Silvestica Green Forest Finland Oy. The contract covers 6,877 hectares of forestry land located in Kajaani, Sonkajärvi and Sotkamo in Finland. In addition, the parties have signed a separate long-term wood purchase and forest management agreement. Silvestica Green Forest Finland Oy is committed to certify the estates according to FSC® and to join the UPM managed FSC group certificate (FSC C 109750). For the time being the estates are PEFCTM certified. The parties have agreed not to disclose the purchase price.

Silvestica Green Forest Finland Oy is owned by a Swedish company Silvestica Green Forest AB, which is an investment fund for institutional investors founded in spring 2017 by SEB, the leading Nordic financial services group. Silvestica owned companies will invest in forest estates in Sweden, Finland and the Baltic countries. The forests will be managed by CRK Forest Management AB with CEO Rickard Lehmann in charge of forest activities and reporting to investors.

“The forests now acquired are very nice mostly high quality pine forests in their most productive age classes meaning a good value growth,” says Rickard Lehmann, Chairman of the board, Silvestica Green Forest Finland Oy. “We also have very good impression of UPMs management and we are confident that we can have a prosperous cooperation in the coming years.”

“This is Silvestica’s first investment since we started our business in April 2017”, says Lehmann. “We are going to look for new prospects and hopefully be successful with our plans and strategy.”

“We are glad to have Silvestica Green Forest Finland Oy as our customer”, says Sauli Brander, Senior Vice President, UPM Wood Sourcing and Forestry. “Silvestica Green Forest Finland Oy is an investor, who finds forest as a stable and responsible investment. They also value the long-term wood purchase and forest management agreement with UPM. For them the agreement ensures sustainable forestry practices and a steady income from wood sales.”

UPM has regularly sold its forest assets as part of developing its real estate portfolio. At present, UPM owns approximately 640,000 hectares of forestry land in Finland.
http://www.upm.com/About-us/Newsroom/Releases/Pages/Silvestica-Green-Forest-Finland-acquires-6,877-ha-forestry-land-from-UPM-001-Wed-05-Jul-2017-14-03.aspx

Related Posts

Total U.S. Printing-Writing Paper Shipments Increased Three Percent in January 2022

U.S. purchases of total printing-writing papers increased nine percent in January compared to the same month last year. Total U.S. printing-writing paper inventory levels increased one percent in January 2022 when compared to December 2021. *Uncoated free sheet (UFS) paper shipments decreased three percent compared to January 2021 while the inventory level increased two percent compared to December 2021. UFS imports and exports both decreased compared to December 2020, down eight percent and 13 percent respectively. *U.S. purchases of coated free sheet (CFS) papers in January increased 29 percent compared to last January while the inventory level remained essentially flat (+0.4 percent) compared to December 2021. CFS imports increased 58 percent while exports decreased eight percent in December 2021. *Coated mechanical (CM) paper shipments increased nine percent compared to January 2021 while the inventory level decreased six percent compared to December 2021. CM imports increased 24 percent while exports decreased 20 percent in December 2021. *U.S. purchases of uncoated mechanical (UM) papers in January increased eight percent compared to last January while the inventory level increased six percent compared to December 2021. UM imports and exports both increased compared to December 2020, up 21 percent and 18 percent respectively.

Felix Schoeller plans expansion of Release Liner Manufacturing to North America

The global Felix Schoeller Group is announcing plans to invest in a manufacturing operation for Release Liners at their Pulaski, New York facility. After years of rapid business growth, the company is now recognized as a leading manufacturer of siliconized poly-coated kraft (PCK) liners. Based on the unique integration into paper making, extrusion coating and siliconizing, Felix Schoeller Release Liners have become a benchmark in the self-adhesive graphics, tape, and industrial markets. The planned investment in North America is not only a geographic expansion but will also add new capabilities: The new operation is designed to coat both solventless and solvent based silicone systems to best meet the requirements of current and future customers. The new operation is expected to be operational by 2023.

Paper Excellence Canada Publishes Sustainability Report

Building Strong Relationships reviews 2021 and looks at both our achievements and our opportunities to do better. In particular, it highlights the work we did in building relationships with the Indigenous communities in whose traditional territories we operate and our corporate giving campaign which had a greatly increased budget in 2021. The report also looks at our environmental and economic impacts nationally and on a mill-by-mill basis. From an environmental standpoint, 85% of our total energy use was renewable in 2021 and we have continued to reduce our greenhouse gas emissions—now down by 66% since 1990. From an economic perspective, the total economic activity created by Paper Excellence Canada operations was $4.8 billion. “Paper Excellence Canada’s spent this last year putting our words into action and I’m proud of what we have achieved,” said Graham Kissack, Vice President, Environment, Health & Safety and Corporate Communications. “Our vision is to be a profitable, sustainable, and globally competitive fibre products provider that is environmentally and economically beneficial to all stakeholders and this year’s achievements have supported us in that aim.”
Back To Top
×Close search
Search