Rayonier to Increase Newsprint Prices

Resolute Forest Products Inc. expressed praise for Wednesday's filing by the Government of Canada at the World Trade Organization (WTO). Canada launched a wide-ranging complaint against the United States, challenging a host of measures inconsistent with its WTO obligations. Resolute applauds the Canadian action, standing up for Canadian jobs and families, the company's customers and business partners in the United States, and the international rule of law. "Resolute has been a victim of this pattern of behavior by the United States Department of Commerce. We are repeatedly confronting the same discredited protectionist policies when we fairly sell paper and lumber to American consumers who need and want these products," stated Richard Garneau, president and chief executive officer. Click Read More below for additional information.

Kruger Inc. announced today a $32.4 million investment at its Kamloops Pulp Mill to implement innovative technology to diversify its product portfolio and expand into fast growing markets. In addition to improving Kruger Kamloops’ competitiveness, performance, and environmental footprint, this initiative will contribute to securing 340 jobs at the Mill, as well as 1,000 indirect jobs in B.C. This project was announced during a press event held at the Kruger Kamloops facility in the presence of the Honourable Brenda Bailey, B.C.’s Minister of Jobs, Economic Development and Innovation; Eric Ashby, Executive Vice President and Chief Operating Officer of Kruger Inc.; Roman Gallo, Senior Vice President and Chief Operating Officer of Kruger’s Pulp and Paper Division; and Irene Preto, General Manager of the Kamloops Pulp Mill.

Neenah Paper, Inc. announced that the Company will change its name to Neenah, Inc. effective on January 1, 2018. The Company's ticker symbol on the New York Stock Exchange will remain "NP" and names of subsidiaries will not be affected. "As we've continued to successfully execute our strategy to increase our presence in growing and profitable specialty niche markets, the last name of "paper" does not sufficiently reflect the diversity of our current and future company," said John O'Donnell, Chief Executive Officer. "The Neenah name, however, will continue to represent a product portfolio known for high performance and premium quality, as well as a company appreciated for its disciplined capital allocation and commitment to providing attractive returns to investors."