Norbord Reports Fire Near 100 Mile House, British Columbia Mill

*Operating profit for January-June 2024 amounted to SEK 1 927 million (January-June 2023: 2 875). The decrease in operating profit is due to lower paper prices and the positive impact of income from the sale of surplus electricity the previous year. *Compared with the first quarter, operating profit for the second quarter increased by SEK 39 million to SEK 983 million. The operating margin was 17 per cent (17). *Profit after tax for January-June amounted to SEK 1 487 million (2 261), which corresponds to earnings per share of SEK 9.3 (14.0).

Sylvamo is announcing a senior leadership change for its Latin America division. Tatiana Kalman has been elected senior vice president and general manager, Latin America, effective June 1. Kalman joins Sylvamo from BASF, most recently serving as managing director and senior vice president, Business Unit Personal Care Europe. “We welcome Tatiana to our company. She will help us continue building a better future for our employees, customers and investors,” said Jean-Michel Ribiéras, chairman and chief executive officer.

The investment in new bleaching technology will increase the capacity of the mill and support Stora Enso’s ambitious climate targets. In addition, it will improve operational performance, enhance the overall efficiency of mill maintenance and thus reduce the site’s carbon footprint. Delivery is on EPC basis and includes the installation of two COMPACT PRESS wash presses, a new reactor, an effluent fiber filter, and MC equipment – all from ANDRITZ. The COMPACT PRESS wash press is characterized by its small footprint and high availability, including extremely good washing efficiency, thus ensuring high-quality production and highest pulp cleanliness. For added sustainability and circularity, the mill will reuse the Stora Enso Oulu mill’s bleaching reactor (also supplied by ANDRITZ) and some of the mixers there.