The Navigator Company to increase paper prices by 6-8% in Europe

Suzano S.A. hereby informs its shareholders and the market in general the execution, on October 24th, 2022, of an Equity Purchase Agreement entered into by and between the Company, as Buyer, Kimberly-Clark Brasil Indústria e Comércio de Produtos de Higiene Ltda. (“KC Brasil”), as Seller, and KimberlyClark Worldwide, Inc. (“KC”) as guarantor, for the acquisition, by the Company, subject to certain conditions precedent, of all the quotas held by KC Brasil in a new company that will be the holder of the assets related to the business of manufacturing, marketing, distributing and/or selling of tissue products, including toilet paper, paper towels, napkins, tissues, as well as other paper products in Brazil, including ownership of the brand “NEVE”. As part of the deal, the other global brands currently used by KC Brasil will be licensed to the Company for a specific term. The main asset included in the Transaction consists on a tissue production plant, located in the municipality of Mogi das Cruzes, in the State of São Paulo, with an annual production capacity of approximately 130 thousand tons. The Transaction is aligned with the Company’slong-term strategy to “advance in the links of the value chain”, as is widely public knowledge, representing geographic complementarity and synergy gains with its current consumer goods business (tissue).

Billerud has appointed Doug Schwartz as President Billerud North America and member of the company’s Group Management Team, effective 30 September. Doug Schwartz has extensive experience in the U.S. forest and paper industry, including serving in key leadership roles at companies such as Sonoco Products Company (Sonoco), International Paper and Champion International Corporation. He most recently held the position of Vice President and General Manager, Rigid Paper Containers at Sonoco. “I am very happy that Doug, with his proven track record, will now lead our North America operations, which are integral to Billerud’s business and growth strategy. Together with our competent American team, he will continue our commitment to serve our customers by delivering our core products—graphic paper, specialty papers, and pulp, as well as cartonboard and other packaging materials. At the same time, he will lead the team in identifying strategic product development initiatives to diversify and expand our product portfolio," says Ivar Vatne, Billerud CEO and President.

As a member of the Annual Disaster Giving Program (ADGP), Boise Paper is a corporate leader who makes a difference by pre-investing in the vital work of the American Red Cross. Through a unique partnership, Boise Paper donates a majority of the office paper the Red Cross uses annually, helping reduce a large administrative expense and allowing the Red Cross to invest more funds in critical humanitarian needs. Donations from ADGP members, like Boise Paper, enabled the Red Cross to be among the first responders on the ground, preparing for the large response effort as Hurricane Harvey bore down on Texas and Louisiana. Contributions from ADGP members power the ability of the Red Cross to provide compassionate care to those in need – from providing relief and support to those in crisis, to helping people be prepared to respond in emergencies. Click Read More below for additional detail.