FOEX Announces New PIX Subscription

FOEX has announced that from 13 June 2014, a subscription will be required to access the PIX Pulp & Paper indices. Access is temporarily available without a subscription, for those who register on the FOEX website (www.foex.fi). FOEX PIX indices will no longer be publically available. FOEX Managing Director, Timo Teräs, said, ‘FOEX brings huge value to the market – our PIX price indices are calculated using an independent and externally audited methodology. It’s now time to realise their value, to reinvest in the business for future growth.’ Timo added, ‘This will include introducing additional indices, fulfilling an important request from the market.’ FOEX was recently acquired by AXIO Data Group Ltd (AXIO) which also owns RISI. As part of AXIO, FOEX will remain an independent organisation providing price indices, keeping its industry-leading FOEX brand and PIX trademarks while gaining access to additional resources to expand. Timo Teräs will remain Managing Director and all FOEX staff will remain, as will the PIX indices and methodology. Through AXIO’s ownership, FOEX and RISI will work together to improve price monitoring practices across the global forest products industry. FOEX will continue to manage and administer all contracts for commercial use of PIX indices, as well as data sales for the wood and bioenergy products. RISI will become the exclusive re-seller of FOEX pulp and paper data subscriptions.