The Board of BillerudKorsnäs has decided on repurchase of shares

Lecta has decided to invest in a refuse-derived fuel (RDF) boiler for its Condat paper mill in France, which will be finished by mid-2024. This is a great energy transformation project that presents multiple environmental and economic advantages, in line with the Sustainability goals that Lecta is working on. The RDF boiler project is based on circular economy, as we will collect from local sources the waste with high biogenic content that will be used as fuel. This will help to reduce the volume of waste that currently cannot be recovered and would otherwise end up in landfills. Regarding energy, the new boiler will cover about 50% of the mill’s steam needs. This will increase the mill’s competitiveness because the generation of steam will be much less expensive than with natural gas. In addition, there will be a reduction of gas related CO2 emissions by a total of 55.000 tonnes per annum.

The conciliator has announced that the conciliation between UPM Communication Papers and Paperworkers’ Union has been interrupted, as the parties’ views are still far apart. At the same time, the conciliator announced that the conciliation in UPM Specialty Papers, UPM Raflatac and UPM Biofuels continues. For UPM Pulp the conciliator has already submitted a settlement proposal. Unlike before, the Paperworkers’ Union is now ready to finalise agreements for UPM’s different businesses non-simultaneously. This means that UPM Specialty Papers, UPM Raflatac, and UPM Biofuels prepare to find solutions on the same schedule as UPM Pulp, which is expected to state its position on the settlement proposal by April 14, 2022. Next meetings between UPM Communication Papers and the Paperworkers’ Union have not been scheduled.

On World Wetlands Day, Paper Excellence Canada announced it has donated $150,000 to Ducks Unlimited Canada (DUC). The largest single donation in Paper Excellence Canada’s history will support wetlands conservation and stewardship in boreal forest regions of Saskatchewan and British Columbia. The donation will also support wetlands training for residents and employees in industries that operate or work in the boreal forest regions of the two provinces. “On behalf of Paper Excellence Canada, I am thrilled to present this donation to Ducks Unlimited Canada and begin this exciting investment in supporting wetlands stewardship and education,” said Carlo Dal Monte, Vice President for Paper Excellence Canada. “Paper Excellence Canada is committed to conservation and sustainability in the regions where we operate, and working with Ducks Unlimited Canada on this initiative is another example of our company’s ongoing work.”