Chinese Hengan International has bought the largest share in Finnpulp, a Finnish company that is going to build a EUR 1.4 billion pulp mill in Finland. The plant in located in Kuopio and is due to start operations in 2020. Hengan International is one of several Chinese businesses that have recently taken stakes in the Finland’s recovering forest industry, a key sector for its economy. The Finnish forest industry is recovering from a long slump as online publishing hit demand for paper. Several paper plants had to close and thousands of jobs were axed ...
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