Metsä Tissue to rebuild greaseproof paper machine at Düren mill

*Third quarter net earnings attributable to International Paper of $204 million, compared with $266 million in the second quarter of 2020 and $344 million in the third quarter of 2019. *Third quarter adjusted operating earnings* (non-GAAP) of $280 million compared with $305 million in the second quarter of 2020 and $431 million in the third quarter of 2019. *Third quarter cash provided by operations of $735 million and year-to-date of $2.3 billion compared with $2.7 billion year-to-date in the same period of 2019. *Third quarter debt reduction of $760 million, bringing year-to-date 2020 to $1.1 billion.

Ahlstrom-Munksjö has expanded its portfolio of biodegradable and renewable fiber-based solutions for food packaging papers, receiving compostability certification from the Biodegradable Products Institute®. Continuing to be at the forefront of sustainable product offerings, Ahlstrom-Munksjö’s FluoroFree® and ParaFree® food packaging papers produced in North America are now BPI® certified, in addition to offering multiple sustainability attributes in a single product. These certifications facilitate the possibility for Ahlstrom-Munksjö customers, whether converters or brand owners, to achieve their own sustainability goals. By using a scientific process, BPI officially certifies compostable products that meet ASTM D6400 and ASTM D6868 standards for compostability. BPI Certification proves that a material will compost in a commercial composting facility, leaving behind no toxic residue or microplastics.

The company will continue to successfully manage a broad portfolio of attractive niche businesses, supported by a tailored operating model. Effective as of July 1, 2022, the Group will serve five growing and distinctive end markets, also forming the basis for five divisions, allowing for significant organic and inorganic growth. The divisions will be supported by global functions and centers of excellence for scale, synergies, and excellence. The five end-markets and corresponding divisions are: Filtration – Mission-critical air and liquid filtration applications. Food & Consumer Packaging – Solutions for improved food safety, product preservation, and bacteria prevention, helping extend product life and protect human health. Healthcare – Technologies serving essential societal uses in medical, laboratory, and life science settings including diagnostics, bioprocessing, and medical performance barriers. Building Materials – Highly engineered building material applications for every face of the building. Market growth is driven by urbanization and increasing demand for sustainable building materials. Technical Materials – Highly technical applications including protective materials such as insulation, precision coating, tape, and others.