Friday, November 9, 2012

Finnish Forest Industries Reports Q3 Results

Finnish paper and board production decreased by 3% year on year to 2.8 million tonnes in the third quarter, according to figures from the Finnish Forest Industries Federation (FFIF).
This is an improvement compared to the approximately 2.6 million tonnes produced in Q1 and Q2, respectively, which were equal to a year-on-year drop of 12% and 8%, respectively.
Production of printing/writing paper fell by 8% year on year to 1.8 million tonnes in Q3, while board manufacturing levels rose by 4% to 705,000 tonnes. Finnish pulp producers churned out 3% more pulp in the third quarter this year compared to last year, at 1.7 million tonnes (see table below).
According to the FFIF's year-to-date figures, Finland saw its biggest drop in printing/writing paper, where production was down 11% to 5 million tonnes in the first nine months of the year compared to the same period last year.