Hienopaperin tuottajat nostavat selv sti hintoja

Article Abstract:

Finnish forest industry companies Enso, UPM-Kymmene and Mets -Serla will increase the fine paper prices. UPM-Kymmene will increase their prices by 4-8%. The various rises are due to there being several fine paper grades and the plan is also to level the price differences in different market areas. Also Enso will level the price differences in different countries by the increases. Enso estimates the next fine paper price increases to come in 1999 the latest. According to Mets -Serla, the price increases will end the connection between pulp and the end products. Fine paper price should be on the average 6% higher than pulp price.

Comment:

Will increase prices of fine paper to level price differences in different market areas

Commodity & service prices, Paper, Paper Mills, Paper industry, Metsa-Serla Oy, Enso Oy, UPM-Kymmene Oy

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Hallitus joutui siirt m n Fortumin osakemyynti

Article Abstract:

Finland's Cabinet Economic Policy Committee has decided to postpone the partial privatization of Finnish Fortum due to poor development of stock quotations. According to the Finnish Minister of Trade and Industry, Antti Kalliom ki, the timing of the issue has to be the best possible. There is no set time limit for the issue, however, in April 1999 Fortum has to deal with the Neste coupons held by minor shareholders. The president of Fortum, Heikki Marttinen, is disappointed with the postponing decision but says he understands the owner's point of view.

Comment:

Cabinet Economic Policy Committee decides to postpone partial privatization of of this co due to poor dvlpmt of stock quotations

Asset sales & divestitures, Electric Utilities, Electric Power Generation, Transmission and Distribution, Fortum

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Fazerin toimitusjohtaja l htee riitojen vuoksi

Article Abstract:

The Managing Director of Finland's Fazer , Felix Bj rklund, resigns from the post in August 1998. According to Bj rklund, the resignation is due to conflict with Fazer's Chairman of the Board, Peter Fazer. According to a press release signed by Peter Fazer, the resignation was due to disagreement between Bj rklund and the Fazer Board. Neither party wishes to specify the reasons further.

Comment:

Managing director Felix Bj rklund resigns from his post in August 1998 due to disagreement w/ company board

Food Services and Drinking Places, Executive changes & profiles, Eating Places, Restaurants, Fazer

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