Tag Archives: South Korea

Moorim PP, South Korea, invests in HERB recovery boiler from Andritz

Andritz has received an order for a new HERB recovery boiler including advanced digitalization solutions to be installed at Moorim P&P’s pulp and paper mill in Ulsan, South Korea. The delivery will increase the economic and environmental sustainability of the mill’s operations. The contract signed with power plant supplier SGC eTEC E&C includes the engineering […]

Consumption of paper in Europe showed resilience in 2022

Cepi member countries’ paper and board production decreased by 5.9% in 2022 compared to the previous year, according to preliminary figures, reflecting the heavy impact on the industry of high energy prices and an abrupt slowdown of the European economy during the second half of the past year. Total production in 2022 reached 84.8 million […]

Nippon Paper announces establishment of a new company in Hungary

Nippon Paper Industries Co., announces the establishment of a manufacturing and sales subsidiary in Hungary for CMC (carboxymethyl cellulose), which is one of the materials used for lithium-ion battery (LiB) anodes in electric vehicles (EV), to join its rapidly growing supply chain system in Europe. CMC is an anionic, water-soluble polymer derived from cellulose that […]

Russian plywood production falls 38% in November

In January – November, Russia decreased plywood production by 28% y-o-y to 3.0 million m3. According to Rosstat, production of plywood in November fell 38%. Russian companies continue to export plywood to the U.S. despite high duties and low prices. In October, Russian producers exported 52 thousand m3 of plywood to the U.S., which is […]

Russia extends protective duties on rough-sawn lumber for three years

The Government of Russia has extended protective duties on rough-sawn lumber for three years until December 31, 2025, Interfax reported with reference to the Deputy Prime Minister Victoria Abramchenko. The increased rates apply to the exports of lumber with a moisture content of more than 22%, a thickness and a width of more than 10 cm. Export […]

Largest sawmill company in Northwest of Russia to stop all wood pellet plants

this should not come as a big surprise after our previous report on the condition of russian pellet export , now ULK Group, the largest sawmill company in the Northwest of Russia, will stop all of its pellet production facilities due to lack of sales. The company has already completely stopped the pellet plant in […]

Russia cannot compensate for stop of exporting wood pellets to Europe with deliveries to other markets

Since July, after the start of the EU sanctions, South Korea became the only export destination for Russian producers of wooden pellets. However, the volume of pellets sent to this country cannot compensate for the reduction in supplies to Europe. In November 2022, Russia tripled exports of fuel pellets to South Korea to 65 thousand […]

Global specialty pulp and paper chemicals market to reach $38.5 billion by 2027

Functional Chemicals, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$20.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Bleaching Chemicals segment is readjusted to a revised 5.9% CAGR for the next 7-year period. The […]

UPM and Dongsung Chemical Form Strategic Partnership to Develop Renewable Products Using Bio-Based Raw Materials

UPM Biochemicals, headquartered in Germany, and Dongsung Chemical, headquartered in South Korea, have agreed to form a strategic partnership to develop renewable products using bio-based raw materials, initially for footwear materials. Dongsung Chemical has signed a Letter of Intent for this strategic partnership to develop a renewable polyurethane product based on UPM Biochemicals’ biobased mono-ethylene […]

Global recovered paper market reaches $46.4B

IndexBox has just published a new report: ‘World – Recovered Paper – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings. In 2021, the global recovered paper market was finally on the rise to reach $46.4B after three years of decline. The market value increased at an average […]