The management team of the Swedish sawmill operator Seskarö Såg filed for bankruptcy on 9 November 2012 just a year after reopening. Beyond the general problems that the Swedish sawmill industry has faced for some time, Swedish press media reported that this application was apparently directly tied to financial troubles facing its Finnish parent group Morven. Peter Olofsson was appointed as administrator.

Source: EUWID

Posted and edited by Riona, Hanbao News Department

Contact: rionach@cltimber.com