Breathing with more and more difficulties: Biocel becomes unprofitable

Article Abstract:

Biocel (Paskov, Czech Republic), pulp producer, expects an unspecified loss in 1998. In the first half of 1998 the company generated a gross profit of more than 50 mil Kc but then it saw a dramatic decline. The reason for the decline was a 40% increase in the prices of wood for processing compared to 1997 and a 30% drop in pulp prices. Biocel's outputs are estimated at 3.5 bil Kc in 1998, which corresponds to the production of over 200,000 t of pulp. In 1998 the company will import up to 20% of its wood consumption. Biocel produces bleached pulp ICF Vian, dried feeding yeast and lignosulphone derivates. The company has prepared a project on the construction of a new paper mill at a cost of over 2 bil Kc. If the company finds money, the mill will be commissioned in 2000 and will employ hundreds of people. In 1997 Biocel saw a loss of 127 mil Kc.

Sales, profits & dividends, Czech Republic, Biocel Paskov

---

Dispute over ENCE privatization

Article Abstract:

Industria e Investimentos S.A. (Sonae) has divested itself of its 8% stake in Empresa Naciaonal de Celulosas (ENCE), a Spanish pulp and paper company partially owned by the Spanish government. The action followed the refusal by the Spanish privatization agency SEPI to allow the Portuguese holding company to increase its holding in ENCE.

Asset sales & divestitures, Spain, Investment Offices, Investment Companies, Open-End Investment Funds, Pulp mills, Mergers, acquisitions and divestments, Industria e Investimentos S.A., Pulp industry, Empresa Nacional de Celulosas S.A.

---

Similar abstracts:

• Abstracts: Strong growth at Vanderlande Industries. Friction drive eases noise nuisance. Destination coded vehicle market moves forward
• Abstracts: Feeding time: stress and barnacles. Early birds get it. Extra sensory perception
• Abstracts: Juta in Wonderland and Beyond the Mirror. Frantschach Pulp & Paper wants to sell its company power sector. Very fragile numbers
• Abstracts: Fatra without cadmium Osram will invest in Bruntal
• Abstracts: Overhead weapons stations for under armor operations. Dardo advances Italian vehicle fleet. Belgian Army plans major armor update

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.