Illegal logging and mismanagement of Indonesia’s forestry industry may have prevented more than $7 billion flowing to state coffers from 2007 to 2011, costing the government more than its health budget, Human Rights Watch said.
Domtar Corp ., the largest North American maker of paper for printers and copiers, is among companies hurt by uncertainty about the future of the U.S. Postal Service, which may run out of money in September, an executive said.
UPM-Kymmene Oyj , Europe’s second- biggest papermaker, will buy Myllykoski Oyj and Rhein Papier GmbH as the industry consolidates in response to higher production costs and a shift in demand to digital publications.
The pension fund for workers in Australia’s pulp and paper industry sold its stake in the country’s largest publisher News Corp., saying the company controlled by Rupert Murdoch needs a more independent board.