Ritrama Inc. 2018 Pricing Announcement

At Domtar, we are proud to be a part of the communities where we work, live and play. In many of these communities, the pulp and paper mill has influenced the development of the town and is often the area’s largest employer. Our Johnsonburg Mill is a great example of how a mill can shape a town. The Johnsonburg pulp and paper mill has been the backdrop and the backbone of this small Pennsylvania town since 1889. Boasting more than a century of partnership, the mill and the town have developed a symbiotic relationship. Click read more below for the rest of the story.

Zanders GmbH has filed for the opening of ‘debtor in possession’ proceedings in the local court in Cologne on the 22 June 2018. This is a restructuring process to secure the continued operation of Zanders. It has become necessary primarily because of high pension fund payments, which continuously weigh on our operations, and a drastic increase in raw material and energy costs in the last few months, together with difficult conditions and overcapacity in our industry. By engaging in this process we can accomplish a successful restructuring that will see Zanders GmbH back in a strong, competitive trading position. In the past three years we have made many operational improvements which have delivered annual sales growth of 12%. Under the supervision of the court we believe we can build on this growth, increase our efficiency and create a solid base to continue to deliver to our customers. Click Read More below for additional information.

Fourth Quarter 2017 Relative to Third Quarter 2017: Net sales of $43.5 million in the fourth quarter decreased $1.7 million, or 3.7%, from the third quarter driven by seasonality factors. Converted product sales declined $1.5 million; a decline of $1.9 million due to volume, offset by higher average-selling prices having a positive impact of $0.4 million. Parent roll sales decreased $0.2 million, as the effect of lower sales volume outpaced an increase in the average selling price compared to third quarter 2017. Average selling prices were, to a degree, positively impacted in the fourth quarter by the inclusion of Orchids' new ultra-premium products manufactured at Barnwell. Cost of goods sold, net of depreciation, in the fourth quarter declined by $2.5 million to 84.6% of net sales, down from 87.0% in the third quarter, representing our second consecutive decline as a percentage of sales. Total cost of sales increased to 94.2% of revenue in the fourth quarter, up from 93.9% in the third quarter. Total depreciation increased to 9.6% of net sales in the fourth quarter from 6.9% of net sales in the third quarter as a result of the addition of the Barnwell facility. Click Read More below for additional information.