American Forest & Paper Association Releases June 2021 Boxboard Monthly Report

Tetra Laval, the group which comprises Tetra Pak, Sidel and DeLaval is donating power and heat generators to a value of EUR 10 million as humanitarian aid to the people of Ukraine, currently suffering major power shortages as a result of the Russian war on Ukraine. The equipment, including more than 200 generators, will be donated directly and with immediate release to Ukrainian authorities for onward distribution to the areas worst affected by the lack of power in the country. “I am grateful to Tetra Laval for its donation which helps us restore Ukraine’s energy system. Russian missile terror seriously damaged it and left millions of Ukrainians without normal access to power, water, and heating amid freezing winter temperatures. With help of partners and friends, we stand strong. In these circumstances, Tetra Laval demonstrates an example of great social responsibility and solidarity. We will always remember this and kindly encourage other responsible Swedish businesses to follow suit,” says Mr. Dmytro Kuleba, Minister of Foreign Affairs of Ukraine.

Stora Enso announced that they will stop all production and sales in Russia until further notice due to the ongoing invasion in Ukraine. Stora Enso has three corrugated packaging plants and two wood products sawmills in Russia, employing around 1,100 people. The Company will also stop all export and import to and from Russia. A mitigation plan has been activated to secure availability of input materials from other sources. “The war in Ukraine is unacceptable and we are fully behind all sanctions. We will now focus all our attention on supporting our customers and the well-being of our employees,” says Annica Bresky, President and CEO. Stora Enso’s sales in Russia is approximately 3% of total Group revenues. The impact on Stora Enso’s sales and EBIT is not material.

Metsä Board, part of Metsä Group, announced in May 2022 that it will explore possibilities to increase folding boxboard capacity in Finland or Sweden in order to support its customers’ growth and to strengthen its service capability. As result of the study, the company will start pre-engineering for a new folding boxboard mill with an annual capacity of approximately 800,000 tonnes at the Kaskinen mill site in Finland. The pre-engineering phase will include technical design, design of infrastructure and logistics solutions and tendering for the main equipment. As part of the pre-engineering, an environmental impact assessment and an environmental permit process will be launched. The company estimates that a possible investment decision could be made in 2024 at the earliest. The pre-engineering for the new folding boxboard mill is based on fossil-free production and world-class resource and production efficiency. Thanks to the best available technology, the consumption of raw materials, energy and water per tonne of folding boxboard produced would be significantly lower when compared with the existing mills. The product concept would benefit from Metsä Board's long-term development work in the production of premium lightweight paperboards.