Domtar Expanding to Become a Leading Airlaid Nonwovens Provider

According to the November 2017 Printing-Writing Monthly report from the American Forest & Paper Association, total printing-writing paper shipments decreased six percent in November compared to November 2016. Shipments of uncoated free sheet shipments remained flat while the remaining three major printing-writing grades declined year-over-year. Total printing-writing paper inventory levels increased less than one-half of one percent from October 2017. •November uncoated free sheet (UFS) paper shipments were flat year-over-year following year-over-year increases in two of the previous three months. •Shipments of coated free sheet (CFS) paper in November declined by a double-digit percentage for the second consecutive month. •Coated mechanical (CM) paper shipments declined year-over-year in November for the sixth consecutive month. •Exports of uncoated mechanical (UM) papers decreased 4% year-over-year in September, but reached second-highest level in the past 24 months. Click Read More below for additional information.

WestRock is undertaking extensive efforts to identify, contain and recover from this incident quickly and securely. Upon discovering the incident, WestRock immediately began an investigation, implemented business continuity processes and initiated response containment protocols with the support of cybersecurity experts. These actions included proactively shutting down certain systems in an abundance of caution, as well as taking steps to supplement existing security monitoring, scanning and protective measures. The Company also implemented measures, including manual processes, to respond to customers’ needs. The Company is now systematically bringing its information systems back online in a controlled, phased approach. “We remain relentlessly focused on remediating this incident while continuing to safely operate our mills and converting plants,” said Steve Voorhees, chief executive officer. “I am proud of the focus and determination of the WestRock team as we manage through this incident and deliver essential products for our customers.” All of WestRock’s mills and converting locations are producing and shipping paper and packaging. The Company’s mill system production through February 4 was approximately 85,000 tons lower than plan, and the packaging converting operations are close to returning to full planned production levels.

Fourth Quarter 2023 Financial Highlights: *Revenue of $686 million *Income from operations of $8 million; Net loss attributable to Tronox of $56 million *GAAP diluted loss per share of $0.36; Full Year 2023 Financial Highlights: *Total revenue of $2,850 million *Income from operations of $186 million; Net loss attributable to Tronox of $316 million; *Adjusted EBITDA of $524 million; *GAAP diluted loss per share of $2.02; *Capital expenditures of $261 million *Returned $89 million to shareholders in the form of dividends