Now when Christmas is rapidly approaching and 2013 is coming to an end, I want to thank our shareholders and other investors for the past year. It has once again been a pleasure to work with you all. The year has been good in many ways and the share price has increased by almost 30% as of today.
We have been delivering on the transformation story during the year. The Skoghall consumer board mill’s logistics efficiency improvement in Sweden was finished at the end of 2012 and the Ostrołęka containerboard investment in Poland was ready in January 2013. These are both important steps in transforming the Company from European paper towards renewable packaging.
We are still in the process of finalising the Montes del Plata plantation-based pulp mill in Uruguay. The start-up is scheduled for the first months of 2014. We look forward to finalisation of this transformation project.
Currently, we are doing the levelling work at our Guangxi consumer board mill site. The work is progressing and the board mill is forecast to start up in early 2016. The investment in the first phase is expected to be EUR 760 million and this year the spending will be about EUR 40-80 million.
Roadshow activity has been picking up during the year. The number of meetings has probably not increased compared with last year, but the interest level and the quality have improved. We have been covering on the road most of Europe and the USA from coast to coast.
I want to wish a Merry Christmas and Prosperous New Year to all our shareholders and investors, and look forward to working with you during 2014 too.