Asia Pulp and Paper (APP) has downgraded their long-standing commitment to no deforestation and peatland restoration with the announcement of its new 'Forest Positive Policy' today in Jakarta.
Civil Society criticizes the move, citing failure to conclude investigations into the scope of forestry giant's empire and gross misrepresentation of community views.
The Seattle based company reported a profit of $87 million, or 12 cents per share in the quarter ended June 30, compared with $173 million, or 24 cents per share a year earlier.
Kruger announced to its employees a comprehensive diversification strategy to secure future operations of Corner Brook Pulp and Paper Limited contingent on timely endorsement by key industry partners. Kruger is proposing to invest up to $700 million to transform the mill into a modernized and sustainable manufacturing complex that will become one of the most competitive in the industry.
