So, there hasn’t been a similar wave of mergers of family businesses operating strongly in one locality in Central Europe as there has been in Finland and perhaps partly in Sweden? How has that been avoided when here too UPM and Enso started to form already when paper was seen as a growth business, and the nail in the coffin for family paper companies was hammered in at least 15 years ago by Myllykoski?
What is their market capacity, or can you compare it to UPM’s total capacity, for example? Have these family companies shifted to cardboard or some other product, and what is the general consensus among analysts about what will happen to them in the future? If they have managed to survive so far with grit and luck, they certainly won’t be able to succeed in a declining market going forward.
Many questions came up, but it started to interest me purely from a historical perspective as well 