Research
The content listed is not for investment, financial, accounting or tax advice and is provided for informational purposes only.
PPC – FY24 Results
Key message: A resumption of dividend payments is a positive with cement demand at a cyclical low. New management is making changes.
Restricted content
Restricted content
Forestry & Paper: Industry Insights
Key message: Pulp prices rise further in Europe placing pressure on non-integrated graphic paper producers. Testliner prices gain further ground. Smurfit Kappa and WestRock shareholders have now approved the combination.
Raubex – Bauba Site Visit
Key message: Bauba is a relatively low-risk operation with competitive reserves.
Afrimat – Investor Day
Key message: The Lafarge integration is going well with a focus on returning production to normal levels.
Restricted content
Restricted content
Restricted content
Forestry & Paper: Industry Insights
Key message: The pulp market is experiencing further price increases due to ongoing supply disruptions and stable demand. Graphic paper prices stable and welcome news for graphic paper producers in Europe following UPM’s planned closures. Meanwhile, momentum continues to build for containerboard producers.