Avery Dennison Announces Third Quarter 2024 Results

Q3 2017 highlights: •Comparable EBIT increased by 12% to EUR 351 million (314 million in Q3 2016). •Good growth in deliveries and strong operational efficiency with no significant maintenance activity. •Strong operating cash flow at EUR 486 million (506 million). •Net debt decreased to EUR 623 million (1,479 million). •UPM announced a new focused growth project at the UPM Chudovo plywood mill in Russia. •UPM announced the next step towards entering a new sustainable biochemicals business. Q1-Q3 2017 highlights: •Comparable EBIT increased by 8% to EUR 926 million (859 million in Q1-Q3 2016). •Solid profit performance continued through a turn in input cost environment. Click Read More below for additional information.

Stora Enso has completed the union negotiations regarding the closure of pulp and paper production at Kvarnsveden. A total of 340 people will be permanently laid off. Some 25% of the redundancies can be managed through pension arrangements, and 100 people have already found new jobs within Stora Enso or with an external employer. The redundancies will mostly take effect in November. In April 2021, Stora Enso announced a plan to permanently close down pulp and paper production at its Kvarnsveden site due to the declining paper market. As a result of the co-determination negotiations regarding the Kvarnsveden site, pulp and paper production will be closed permanently from 30 September 2021. The customer service centre at Kvarnsveden will be closed by 31 December 2021. The power plant will continue to operate, but only for the purpose of district heating and for maintaining the buildings onsite. When the co-determination plan was announced in April, the maximum personnel impact was estimated to be 440 people. As a result of the negotiations, 340 people will be permanently laid off. Some 25% of the redundancies can be managed through pension arrangements, and 100 people have already found new jobs within Stora Enso or with an external employer.

Together in cooperation with customers, Ahlstrom has developed a new portfolio that consists of the most effective solutions for the plasterboard market. FibRoc® Plasterboard is a new offering of protective and durable solutions for high performance plasterboard applications. What differentiates it from other solutions on the market is that it is a combination of glass, synthetic and natural fibres, delivering excellent dimensional stability, good protection, durability and reduced environmental impact in all high performance application areas. “Our high performance solutions for plasterboards deliver excellent fire and moisture resistance,” says Pierre Mary, Vice President, Nonwovens. “Delivering protection against flame spread, protecting against moisture and producing no mold growth in wet and humid environments, ensuring better indoor air quality.” he adds.