INDUSTRY V

closed

The Woodworking Project for Finland will finance the uncovered capital needs of nine projects of the Finnish woodworking industry, which represent a major part of the industry's investment program, which will consist of :sulphate pulp, newsprint, and dissolving pulp. This project will result in the increase of 205,000 tons in annual capacity for the production of pulp, and 180,000 tons in annual capacity for the production of newsprint. Sufficient pulp wood is available to cover the proposed planned expansion of capacity. Although of world consumption of paper has failed to rise since 1956, while additional capacity has continued to come in, resulting in the emergence of excess capacity for the first time in a number of years, growth prospects appear good.