Georgia-Pacific Cuts the Ribbon on New $425 Million Dixie® Tableware Facility in Jackson, Tennessee

Sappi Limited announced that Marco Eikelenboom (53), currently Vice President Marketing & Sales, Graphic Papers at Sappi Europe, has been appointed as CEO of Sappi Europe as from 1 April 2021. Marco Eikelenboom succeeds Berry Wiersum (65), a 40-year veteran of the industry in Europe, who will retire at the end of March 2021. Berry Wiersum joined Sappi as CEO of Sappi Europe, a position he held for 14 years. Commenting on the retirement of Berry Wiersum, Steve Binnie, Chief Executive Officer of Sappi Limited said: “I would like to thank Berry for his significant service to Sappi during his 14 years with the company and for the support he has shown me as CEO. He is an outstanding leader both for the company and for the industry. His tenure saw massive changes as we made significant acquisitions, invested in machine rebuilds, restructured and refocused the business, all to ensure that Sappi could respond to and take advantage of the changes which were occurring. Most recently he also led Sappi Europe’s response to the Coronavirus pandemic. He and his team responded to each one with alacrity.”

Clearwater Paper Corporation announced a preliminary update to the company’s previous outlook for fourth quarter 2020 Adjusted EBITDA of $52 to $62 million. Due to significantly greater than expected demand in tissue, strong operating performance, and favorable cost trends, the company now expects Adjusted EBITDA for the fourth quarter of 2020 to be in the range of $71 to $76 million. “Demand for tissue products increased significantly in November through mid-December. We believe that the recent increase in COVID-19 cases caused a temporary change in consumer buying patterns, which are starting to normalize in later December,” said Arsen Kitch, president and chief executive officer. “We now expect our fourth quarter volumes to be above our previous guidance, with shipments exceeding those experienced in the fourth quarter of 2019,” Kitch concluded.

Total European shipments of graphic papers in April 2020 were down 29.1% vs. April 2019 and are down 12.7% year-to-date. Total European shipments of newsprint in April 2020 were down 25.5% vs. April 2019 and are down 11.0% year-to-date. Total European shipments of sc-magazine in April 2020 were down 35.9% vs. April 2019 and are down 16.1% year-to-date. Total European shipments of coated mechanical reels in April 2020 were down 35.1% vs. April 2019 and are down 18.7% year-to-date. Total European shipments of uncoated mechanical (improved & others) in April 2020 were down 14.4% vs. April 2019 and are down 4.0% year-to-date. Total European shipments of coated woodfree in April 2020 were down 36.2% vs. April 2019 and are down 15.9% year-to-date. Total European shipments of uncoated woodfree in April 2020 were down 23.5% vs. April 2019 and are down 8.1% year-to-date.