Finnforest Curtailing Softwood Lumber Production
Originally published by: EU Wood — October 15, 2011
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Metsäliitto is planning production curtailments at sawmills belonging to its wood products industry division, which does business as Finnforest due to deteriorating sales opportunities on the domestic and foreign softwood lumber markets. The curtailments announced for the fourth quarter of 2011 and the first quarter of 2012 may last for several weeks and entail temporary lay-offs of up to 450 employees. Timo Karinen, Senior Vice President Solid Wood, told EUWID that both production of spruce and pine lumber should cease temporarily. The duration and extent of the curtailments will depend on the order inflow during the fourth quarter of 2011 and the first quarter of 2012, among other things. The company’s stocks of lumber would not be inflated at the moment. However, sales opportunities for softwood lumber could deteriorate further over the coming weeks, if the financial crisis in Europe should have an increasing impact on the real economy.