by Sean Ungerer | Apr 17, 2020 | Forestry and Paper
DS Smith have not seen any significant disruptions to their operations from the Coronavirus: Some plants have not been running full shifts, but sites have been pulling together to facilitate transfer of orders. Business has been busy, with ups and downs sector...
by Sean Ungerer | Apr 15, 2020 | Forestry and Paper
Limited disruption to their supply chain so far: All of their assets are operating, and they expect this to continue. Limited issues to date baring a short stop in Italy due to a deep clean. Order books have been strong, but…. They have been seeing good demand from...
by Sean Ungerer | Apr 14, 2020 | Forestry and Paper
Mondi trading/COVID update focussed on liquidity (EUR 1.5bn available, with dividends suspended): Discretionary spend and all non-essential CapEx halted and some of their major projects slowed (FY 20e CapEx: c. EUR 600m, previously: EUR 700-800m). Annual mill...
by Sean Ungerer | Apr 9, 2020 | Forestry and Paper
Suzano provided an update today on how they are navigating COVID: They are “preparing for the worst and hoping for the best”. Their update was encouraging, with a strong focus on their employees (health safety and job security guaranteed during the pandemic). All...
by Sean Ungerer | Apr 8, 2020 | Forestry and Paper
Order books are strong, for now: All of their assets are operating and the expect this to continue. They are seeing good demand from consumer staples and pharma. April was full, end of May/June could be different. Changing of the guard: With Peter Oswald the CEO from...
by Sean Ungerer | Apr 7, 2020 | Forestry and Paper
Decline in pulp demand from P&W more than offset from increased tissue demand: Visibility is low for everyone, but China is back on track and “almost back to normal”. China inventories could normalise by the end of April/May. April price increase of USD 30/t...
