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Finnish forest industry growth slowed down in third quarter

Nov 8 2011  The Finnish forest industry's good growth slowed down in the third quarter of the year.

Finnish pulp production in January-September was up two percent, while paper and paperboard production was down one percent from the corresponding period of 2010. Sawn timber production increased five percent from the corresponding period of the previous year. “The uncertain economic situation of the main market area in Europe led to weakened demand for forest industry products in the third quarter. In the current volatile economic climate, it is important to ensure the stability of the domestic operating environment and look after our cost-competitiveness,” Timo Jaatinen, Director General of the Finnish Forest Industries Federation, points out.Finland’s paper and paperboard production totalled 8.7 million tons in January-September. This is about one percent less than in the previous year. Finnish pulp production amounted to 5.1 million tons, up two percent from 2010. /AA

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