Sustana’s GHG Emissions Reduction Goal Approved by The Science Based Target Initiative (SBTi)

Stora Enso and wood technology company Modvion are partnering to establish wood as the material of choice for wind turbine towers. The collaboration’s purpose is to demonstrate the vast possibilities in using wood in demanding constructions. Modvion builds wind turbine towers with laminated veneer lumber (LVL), which proportionate to its weight is stronger than steel. Stora Enso is a leading supplier of mass timber products, including LVL. The towers are built in lightweight modules, enabling taller towers and easy transportation on public roads without permits or road reconstructions. Taller towers reach stronger winds, leading to more cost-efficient energy production.

UPM has completed withdrawal of its businesses from Russia by selling all its Russian operations, including the Chudovo plywood mill, to Gungnir Wooden Products Trading. The parties have agreed not to disclose the details of the transaction. Following Russia's war of aggression in Ukraine, UPM announced in March 2022 suspension of its business activities in Russia, including deliveries, wood procurement and the Chudovo plywood mill.

Ahlstrom-Munksjö announced that it plans to temporarily idle #8 Paper Machine in December 2021, along with its #20 Supercalender and #21 Rewinder in July 2022 at its Rhinelander, Wisconsin Plant in the United States. #8 Paper Machine has a capacity of 14,000 tons per year. The total number of people affected is yet to be determined based on retirements and other potential job assignments. “In a very competitive marketplace, we must continue to provide cost-effective and innovative products, challenging our machine capabilities to generate optimum results,” said Robyn Buss, Executive Vice President of Ahlstrom-Munksjö's Food Packaging & Technical Solutions Business Area. “Our robust manufacturing platform is well-positioned for continued success. By utilizing several other machines in our regional system, we will provide our customers with the level of service required to meet their needs.”