Finnish wood supplier, the Ruukki Group, will continue with attempts to establish a business base in Russia after following the rejection of its previous proposal was rejected, according to Bloomberg report.

Ponsse Oyj has appointed Dr Juho Nummela as the company’s new President and CEO. Nummela will assume his new position on 1 June 2008.

A report from the United Nations has warned that the loss of more than 28,000 km2 of forest every year in Asia must be stopped and reversed immediately, according to a Reuters report.