Metro shops for paper in Russia

Christian Rynning-Tonnesen, CEO of paper producer Norske Skog said in an interview with Blomberg News (via Mediavarlden.se) that paper prices in Europe will increase by more than 15 percent next year.

Metro International CEO Per Mikael Jensen said in a reaction that Metro would go to Russia to buy newsprint, where there are large paper producers while demand is not as high. (Media Watch)

One Response to “Metro shops for paper in Russia”

  1. Newspaper Innovation » Blog Archive » Metro 2008 annual report - continued Says:

    [...] to fall, in November CEO Jensen said would would shop in Russia if newsprint price would go up (see previous post) – but instead Metro extended the contract with Swedish paper producer [...]