Irving Paper Announces Price Increase

The company confirmed that it plans to restart Number 11 Paper Machine at Catalyst Powell River, on or around May 1st. Paper Excellence says this restart reflects the recent recovery in global paper markets and its “long-term commitment to the Powell River facility.” A total of 200 jobs will return with the startup of the paper machine. The machine was curtailed last spring after an external malware attack, and the COVID-19 pandemic simultaneously impacted the mill’s paper production as well as global paper demand.

January–June 2022 (1–6/2021) *Sales were EUR 3,416 million (2,942). *Operating result was EUR 589 million (379). Comparable operating result was EUR 574 million (416). *Result before taxes was EUR 564 million (354). Comparable result before taxes was EUR 550 million (391). *Comparable return on capital employed was 18.3% (15.0). *Net cash flow from operations was EUR 456 million (374). April–June 2022 (4–6/2021) *Sales were EUR 1,822 million (1,542). *Operating result was EUR 248 million (243). Comparable operating result was EUR 330 million (242). *Result before taxes was EUR 235 million (232). Comparable result before taxes was EUR 317 million (231). *Comparable return on capital employed was 20.5% (17.2). *Net cash flow from operations was EUR 321 million (279).

• Commerce has calculated a preliminary subsidy rate of 6.09 percent for mandatory respondent Catalyst Paper Corporation (Catalyst), 9.93 percent for mandatory respondent Kruger Trois-Rivieres L.P. (Kruger), 4.42 percent for mandatory respondent Resolute FP Canada Inc. (Resolute) and 0.65 percent for voluntary respondent White Birch Paper Canada Company NSULC (White Birch). All other producers/exporters in Canada have been assigned a preliminary subsidy rate of 6.53 percent. • As a result of the preliminary affirmative determination, Commerce will instruct U.S. Customs and Border Protection (CBP) to require cash deposits based on these preliminary rates. • The merchandise covered by this investigation is certain paper that has not been coated on either side and with 50 percent or more of the cellulose fiber content consisting of groundwood pulp, including groundwood pulp made from recycled paper, weighing not more than 90 grams per square meter. Groundwood pulp includes all forms of pulp produced from a mechanical pulping process, such as thermo-mechanical process (TMP), chemi-thermo mechanical process (CTMP), bleached chemi-thermo mechanical process (BCTMP) or any other mechanical pulping process. The scope includes paper shipped in any form, including but not limited to both rolls and sheets. Certain uncoated groundwood paper includes but is not limited to standard newsprint, high bright newsprint, book publishing, directory, and printing and writing papers. The scope includes paper that is white, off-white, cream, or colored. Click Read More below for additional information.