Södra Timber will not implement market-related production curtailments ahead of scheduled summer closures, says acting CEO, but cannot rule out extending holiday stoppages at some mills

VAXJO, Sweden , May 18, 2012 (press release) – Södra Timber has decided not to implement any market shutdown ahead of the summer. This decision means that all softwood sawmills will just be closing for the summer holidays as usual. However, it is not possible to rule out potential extensions of holiday stoppages in August at some sawmills.

“On a local level, standing stocks are low. As a result, we will be evaluating the situation in early June and deciding how we will restart the sawmills after the summer break,” said Håkan Svensson, Acting CEO of Södra Timber.

Håkan Svensson emphasized the fact that demand remains weak in many of Södra Timber’s markets. This decision has come about mainly due to the need to increase sawn stocks of a number of ranges and to improve the supply and logistics situation at Södra Skog.

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