NORPAC Announces Price Increase on Newsprint Products for US
Please be advised we plan to increase the price of our 27.7# (45.0 gsm.) standard newsprint by $22.00 per metric ton effective July 1, 2018. Prices for all other newsprint basis weights will be adjusted proportionally as per past practices.
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Holmen Reports Year End 2020 Results
* Excluding items affecting comparability 2019.-Operating profit for 2020 was SEK 2 479 million (2019: SEK 2 345 million excluding items affecting comparability of SEK 8 770 million). Lower production costs in Paperboard and higher wood product prices had a positive impact on earnings, though this effect was offset by price decreases and production curtailments in Paper. -Compared with the third quarter, operating profit decreased by SEK 119 million to SEK 595 million as a result of a maintenance shutdown in Paperboard. -Profit after tax in 2020 was SEK 1 979 million (8 731), which corresponds to earnings per share of SEK 12.2 (52.6). Profit after tax for the previous year was impacted by items affecting comparability of SEK 6 943 million.
Outcome reached in the collective labour agreement negotiations at UPM Raflatac
UPM Raflatac and the Paper Workers' Union have reached an outcome in the collective labour agreement negotiations concerning UPM Raflatac’s Tampere factory in Finland. "The negotiations were conducted in a very good spirit and constructively from start to finish. I would like to thank the Paper Workers’ Union for its solution-oriented approach and for the good negotiations. The solution will enable the long-term development of the Tampere factory," says Antti Waajakoski, General Manager of UPM Raflatac’s Tampere factory. The new collective agreement will have a two-year contract period and it will enter into force upon approval by the Paper Workers’ Union’s Board. The union has announced that the Board will discuss the negotiation outcome at its meeting on 5 June 2024. Negotiations on the collective labour agreement for UPM Specialty Papers will continue.