According to the report, total printing-writing paper shipments decreased 7% in January compared to January 2024. U.S. purchases of total printing-writing papers increased 10% in December 2024 compared to the same month last year (Dec 2024 is the latest trade data available). Total printing-writing paper inventory levels decreased 1% when compared to December 2024. Individually, changes in U.S. shipments across all three major P-W categories (UFS, CFS, and MECH) in January showed mixed results compared to the same period last year. Uncoated Free Sheet (UFS) shipments decreased by 9%, Coated Free Sheet (CFS) shipments decreased by 5%, and Mechanical (MECH) paper shipments saw a modest 2% increase, albeit on a relatively small volume.

Kruger Inc. announced a $6.5-million investment to implement an innovation project aimed at diversifying production at its Wayagamack Mill in Trois-Rivières. The initiative will enable the production of innovative label paper grades, reinforcing the Wayagamack Mill's leadership in Québec and North America. The new, state-of-the-art equipment will enhance the Mill's capacity for innovation, versatility and sustainability, helping to secure the future of its operations and its 285 jobs. The project was unveiled in the presence of Jean Boulet, Member for Trois-Rivières, Québec Minister of Labour and Minister Responsible for the Mauricie Region, the Abitibi-Témiscamingue Region and the Nord-du-Québec Region (on behalf of Maïté Blanchette Vézina, Minister of Natural Resources and Forests and Minister Responsible for the Bas-Saint-Laurent Region and the Gaspésie–Îles-de-la-Madeleine Region), and Sylvain Bricault, General Manager of the Kruger Wayagamack Mill. The initiative was made possible by a $2.5 million funding from the Government of Québec under the Programme Innovation Bois of the ministère des Ressources naturelles et des Forêts.

Monadnock Paper Mills, Inc. is proud to announce that it has become the first paper mill to achieve Mastercard’s prestigious Card Eco-Certification (CEC). This milestone underscores Monadnock’s commitment to sustainability, innovation, and environmental transparency. Mastercard’s CEC certification process was originally developed for plastic cards, making Monadnock’s achievement a significant industry first. Since launching its Sustainable Card Program in 2018, Mastercard has worked to transition more than 168 million plastic cards to recycled and bio-based materials—reflecting a growing push for more responsible alternatives. Since no paper-based card had been certified until now, Mastercard refined its assessment criteria—a considerable task—to account for the unique attributes of fiber-based materials. A comprehensive Lifecycle Assessment (LCA) is central to this certification, as it evaluates a product’s environmental impact from raw material sourcing to end-of-life disposal. The CEC assessment validates Monadnock’s carbon footprint, material sourcing, production processes, and disposal considerations to ensure the highest standards of sustainability. Independent verification was conducted by TruCert, a Canadian-based auditing firm known for its expertise in environmental assessments.

The world’s largest single-line eucalyptus pulp mill achieved average nominal capacity within less than six months after start-up, nearly four months ahead of schedule. Another milestone was met on January 8 when the mill’s production reached its first 1 million tons of pulp. When fully operational, the mill will have an annual production capacity of 2.55 million tons. The learning curve at the new mill was completed on December 29, 2024, when Suzano consistently produced bleached eucalyptus kraft pulp at an average daily rate exceeding the planned 7,203 t/d for 30 days. Leonardo Mendonça Pimenta, Director of Industrial Operations at Suzano in Ribas do Rio Pardo, commented: “This achievement is the result of a combination of several factors, including excellent equipment, great suppliers, and very good project execution. The training of the operating team more than a year before the start of operations also played a major role in delivering these extraordinary results.”

The company plans to invest approximately $145 million in high-return projects to reduce costs and significantly enhance the capabilities at its mill in Eastover, South Carolina. The investments come on the heels of the mill’s 40th anniversary. *Sylvamo will invest approximately $100 million to speed up one of its paper machines by the end of 2026, modernizing it to the same world class level as the mill’s other machine. The investment will enable the machine to produce approximately 60,000 additional short tons of uncoated freesheet annually. *The company will also invest roughly $45 million for a new replacement sheeter at its Sumter, South Carolina, sheeting plant. The state-of-the-art cutsize sheeter, which converts large rolls of paper from the mill into sheets, will lower costs and add flexibility to service customers when it’s online by late 2026. “We believe investing in our low-cost assets will strengthen our competitive advantage. Eastover is one of the most competitive paper mills in the world, and it will continue to be an important part of our story for years to come,” said Jean-Michel Ribiéras, chairman and chief executive officer. Sylvamo is also entering a 20-year partnership to outsource its Eastover woodyard operations. Modernization will enable more efficient, reliable, cost-effective wood processing and additional flexibility. It will also allow the company to avoid approximately $75 million in capital spending over the next five years.

“2024 was a transformational year for Clearwater Paper. We took significant steps to focus our strategy on becoming a paperboard packaging company. We acquired a high-quality manufacturing facility in Augusta, Georgia, increasing our paperboard capacity by nearly 75% and improving our geographic footprint in North America,” said Arsen Kitch, president and chief executive officer. “We also divested our tissue business for $1.06 billion at closing and used the proceeds to de-lever our balance sheet and Net sales from total operations were $483 million for the fourth quarter of 2024, down 6% compared to fourth quarter 2023 net sales of $513 million. Net income from total operations for the fourth quarter of 2024 was $199 million, or $11.91 per diluted share which includes $307 million of gain on sale of the tissue division ($219 million after tax) compared to $18 million for the fourth quarter of 2023, or $1.06 per diluted per share. Net sales from total operations were $2.2 billion for 2024, an increase of 6% compared to 2023 net sales of $2.1 billion. Net income for 2024 was $196 million, or $11.70 per diluted share, compared to $108 million for 2023, or $6.30 per diluted share.

Chief Executive Officer John D. Romano commented “Tronox delivered fourth quarter results in line with expectations despite continued macro weakness. Strong TiO2 commercial performance in Asia Pacific and Latin America mitigated continued lagging demand in Europe, while North America performed as expected. Zircon sales exceeded our previous guidance, driven by strong execution from our commercial group. Additionally, despite significant competitive dynamics across all products, pricing came in as anticipated. On operations, we realized $75 million of production cost improvements compared to Q4 2023, owing to consistent and reliable performance in the fourth quarter. As a result, Tronox delivered an Adjusted EBITDA of $129 million in the quarter, well within the previously guided range of $120-$135 million, and an Adjusted EBITDA margin of 19.1%. “Reflecting on the full year, I am proud of the work our team did to remain focused on the things we can control and influence. In 2024, we heightened our focus on safety and reduced our total recordable injuries by 23%. We enhanced our focus on operations, resulting in significant production cost improvements in the second half of 2024. We continued to execute on our capital allocation strategy, prioritizing investments in the business including replacing our mines reaching end of life. Additionally, we strengthened our balance sheet through opportunistic refinancing transactions and returned $80 million to shareholders in the form of dividends.”

The year 2024 was marked by significant advancements in the Company's strategy, including the acquisition of new businesses and the start-up of the new mill in Ribas do Rio Pardo and the conclusion of its learning curve as early as December, anticipating the initial nine-month forecast. Regarding the performance of the pulp business unit in the last quarter of the year, base prices in China fell by 15% until the end of November (vs. the 3Q24 average), but it has been stable after this period. The quarter was also marked once again by the significant appreciation of the average USD against the average BRL and the increase in sales volume, both factors offsetting the decline in the average net pulp price. The cash production cost (excluding the effect of scheduled maintenance downtime) was 7% lower than in 3Q24, also benefited from the gradual stabilization of production at the Ribas do Rio Pardo unit. Therefore, adjusted EBITDA from pulp remained stable compared to 3Q24 but increased 53% compared to 4Q23. In the paper business unit, adjusted EBITDA declined in 4Q24 vs. 3Q24 (-9%), but remained stable in relation to 4Q23, in which the Company concluded the acquisitions of the Pine Bluff and Waynesville units.

The North American forest products industry has a rich and storied history, and nowhere is it more evident than in Domtar’s combined 205 years of business. Our family tree took root in 1820, and it extends unbroken to today under the ownership of Indonesian businessman Jackson Wijaya. Much has changed over the two centuries that have passed since we began operations in Canada by exporting lumber to Great Britain, but what hasn’t changed throughout Domtar’s history is our relentless pursuit of excellence. To better understand where we came from and how we became a leading manufacturer of diversified forest products, read through this overview of Domtar’s history.

Management Summary from Chairman and Chief Executive Officer Jean-Michel Ribiéras: In 2024, we earned $632 million in adjusted EBITDA, a 17% margin, and generated $248 million of free cash flow. We returned $130 million in cash to shareowners, representing 52% of free cash flow, exceeding our 40% commitment. We have $82 million remaining on our $150 million share repurchase authorization from September 2023. Our board of directors also declared a first quarter dividend of $0.45 per share, which we paid Jan. 24th. Our strong cash flow and $60 million received from escrow allowed us to pay down $154 million in debt in 2024, ending the year with $591 million in net debt. Our structural cost reduction program, Project Horizon, made significant progress streamlining manufacturing, supply chain and overhead costs throughout 2024. Before inflation, we exceeded our $110 million year end run rate savings goal by $34 million, achieving $144 million in run rate savings. On Dec. 31, we mutually terminated a supply agreement for uncoated freesheet, bristols and specialty papers from International Paper’s Georgetown, South Carolina, mill.

The fourth quarter was shaped in part by the annual maintenance shutdowns at our two mills, which proceeded smoothly and as planned. Consequently, all three of our major investment projects are now up and running. The underlying performance showed improvement compared with the corresponding quarter of the previous year, despite the upward trend in raw material costs. Demand for chemical softwood pulp remains relatively stable in our key markets, with many customers increasing volumes, especially in our niche segments. We continue our structured approach to gradually developing Rottneros in line with our niche strategy, prioritizing safety, sustainability, and profitability. Production and deliveries for the Group declined compared with the same quarter last year, mainly as a result of the annual maintenance shutdowns carried out at both mills. In 2023, Rottneros Mill scheduled its maintenance shutdown in September. Excluding temporary items, primarily related to the sale of emission allowances, our underlying EBIT rose by approximately 20 MSEK, despite the negative effect of higher wood costs and maintenance shutdowns on comparability. Fixed costs totaled 240 MSEK, compared with 220 MSEK in the same quarter last year.

President and CEO Ilkka Hämälä: The year 2024 was exceptionally weak financially, with comparable operating profit falling to EUR 203 million. Demand in our main markets was subdued in all product groups, except for tissue and cooking papers and Kerto® LVL. At the beginning of the year, political strikes caused a loss of EUR 60 million. The effects of higher raw material and logistics costs could not be passed on to product prices, as demand was weak. Major development investments in recent years have significantly increased depreciation. The positive effects of new capacity on profits have not yet materialised in the sawmill, pulp and paperboard industries due to the start-up of production and weak demand.

We delivered robust financial performance in the fourth quarter and ended 2024 on a good note. During the fourth quarter, we recorded outstanding net sales growth of +20% driven by better-than-expected volume growth, enabling a solid adjusted EBITDA margin of 13%, up 5% pts vs year ago. Once again, our North American region recorded impressive results with 17% net sales growth and 19% EBITDA margin. I am also satisfied with our result in Region Europe which, despite softer market conditions, managed to grow the topline by 16% and achieve an EBITDA margin of 12%. 2024 was characterized by challenging and rapidly changing market conditions. It was nevertheless a year with significantly improved financial performance versus 2023. Our proactive actions, discipline and flexible approach with strong focus on items we can control have served us well. Our net sales grew by 5% through volume growth, mix and price management. We successfully limited the fixed cost increase below inflation and delivered another sizable contribution to the efficiency enhancement program.

Norske Skog has entered into agreement with Boyer Capital Pty Ltd, to sell the Boyer mill at an enterprise value of approximately NOK 190 million. The transaction is expected to be completed during the first quarter of 2025. “We are very pleased to conclude our orderly exit from Australasia with the divestment of the Boyer mill. The discussions with David Marriner and Boyer Capital have been ongoing for some time and we believe they represent the ideal owner to both continue the production of publication paper and develop the industrial site for future activities. Norske Skog will now focus fully on the successful ramp-up of containerboard production at the Golbey mill and completing the BCTMP study at the Saugbrugs mill”, said Geir Drangsland, CEO of Norske Skog.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Despite continued challenging global macroeconomic conditions and weak paper markets I am pleased that the group delivered Adjusted EBITDA of US$203 million, which was ahead of expectations and substantially above last year.” Year-on-year profitability improved across all segments, supported by cost-savings, operational efficiency gains, higher dissolving pulp (DP) selling prices and sales volumes combined with improved packaging and speciality papers sales volumes.

UPM Raflatac has acquired Metamark, a UK-based company to further accelerate its growth in Graphics business. UPM Raflatac’s existing Graphics business complemented with Metamark will strengthen UPM Raflatac’s overall competitiveness, bring major synergies and make UPM Raflatac a significant player in the fast-growing, high value-added Graphics segment. The Enterprise Value of the transaction is GBP 146 million (approx. EUR 175 million). Metamark, established in 1992 is a manufacturer and distributor of graphics solutions. Its product portfolio consists of high-quality self-adhesive colour films, print films for large format colour printing, laminates and wrapping films for various end-uses. The company employs approximately 185 people and has a manufacturing site in Lancaster, UK. The sales of the company is approximately GBP 65 million, and it has an EBITDA margin accretive to UPM Raflatac.

Our commitment to manufacturing safety is shared by every team member and every facility in our network. This shared commitment has led to a wide range of safety milestones and awards in 2024. Safety is, and will always be, our number one goal. “We need our employees to be constantly engaged in safe work practices,” says Richard Tremblay, president of our Pulp and Tissue Business Unit. “Ensuring safety at work is one way we care for one another and propels us to reaching our ultimate safety goal — zero injuries.” Luc Thériault, president of our Wood Products Business Unit, agrees. In a recent article, he said, “When you step back and look at the progress we’ve made in the area of safety over the past 15 to 20 years, it is truly impressive. … Our success is the result of a strong vision, unwavering determination, a refusal to compromise and the hard work of many people.” 

“We delivered strong results in 2024, achieving nineteen percent earnings growth,” said Deon Stander, president and CEO. “Both our Materials and Solutions Groups delivered strong top-and bottom-line results, with our industries recovering from downstream inventory destocking last year, once again demonstrating the strength of our overall franchise. “We remain well-positioned to continue our long track record of strong earnings growth in 2025, including accelerating growth in our high-value categories, which now account for almost half of our portfolio,” added Stander. “We are confident that the consistent execution of our strategies will enable us to meet our long-term goals for superior value creation in a range of geopolitical and macro scenarios."

Kimberly-Clark Corporation reported fourth quarter and full year 2024 results that illustrated the strength of its innovation-led growth model, driving volume gains, improving product mix, and generating significant efficiencies enabling reinvestment in its brands, new capabilities, and generating attractive returns to its shareholders. 2024 was a breakthrough year for Kimberly-Clark with the launch of our transformative, multi-year Powering Care strategy and successfully rewiring our organization into three powerhouse segments with world-class functional support," said Kimberly-Clark Chairman and CEO, Mike Hsu. "Our full-year results exceeded our new long-term growth algorithm - supported by consistent execution across the organization - and we established a strong foundation to accelerate our strategy in 2025 and beyond." "We delivered organic top-line growth with an upward inflection in volume-plus-mix. This, coupled with improved productivity, has driven strong adjusted profit growth and fueled investments to advance our competitive advantage." Hsu continued. "We're excited about this new chapter of Kimberly-Clark, and we look forward to building on our momentum and enhancing value for all stakeholders."

Mondi's NAUTILUS® ProCycle, a high-quality paper made from 100% post-consumer waste for demanding print applications, demonstrates that sustainability and excellence can go hand in hand. Mondi has expanded the NAUTILUS® ProCycle portfolio by including grammages between 100 and 300 g/m2 for folio and 100 and 120 g/m2 in reel format. The paper meets the highest ecological standards, which are reflected in relevant certifications such as Cradle to Cradle® Bronze, Blue Angel, FSC™ and EU Ecolabel. This enables companies to contribute to the circular economy, conserving natural resources and promoting sustainability. The high-quality recycled paper, produced in Austria, boasts an ISO brightness of 100% and a whiteness of 135% according to the specifications of the International Commission on Illumination (CIE). This makes the paper ideal for various print applications, including letterheads, envelopes, marketing brochures, company reports, advertising materials, invoices, quotations, and more. As a medium, it is perfect for conveying a consistent corporate brand image, making it particularly suitable for professional corporate identity projects.

Within the framework of its ESG strategy​, Lecta is committed to reducing overall waste generation, increasing levels of reuse and recycling, and achieving increasingly efficient production processes. In its strategic sustainability targets for 2030, Lecta has established key performance indicators (KPIs) that ensure a transparent assessment of its progress in this regard. Management of process waste is performed in collaboration with trusted partners, to ensure compliance with current regulations and sustainable disposal as well as maximize possibilities of reuse. The majority of Lecta's waste is specific to pulp and paper manufacturing and as such is included in the European list of non-hazardous waste. This includes sludge from wastewater treatment.

According to the report, total printing-writing paper shipments increased 3% in December compared to December 2023. U.S. purchases of total printing-writing papers increased 1% in November compared to the same month last year. Total printing-writing paper inventory levels remained essentially flat (+0.2%) when compared to November 2024. November year-to-date (YTD) total U.S. net imports grew 13% compared to the same period last year. UFS and CFS net imports increased by 17% and 60% YTD, respectively. MECH shipments however, increased by just 1% YTD.

Monadnock Paper Mills, Inc., the oldest continuously operating paper mill in the United States, proudly announces its achievement of Platinum status in the EcoVadis Corporate Social Responsibility (CSR) assessment. This distinction places Monadnock among the top 1% of over 90,000 companies assessed globally – underscoring its legacy of sustainability and leadership in responsible craftsmanship. EcoVadis, a trusted independent global provider of business sustainability ratings, evaluates companies across four key areas: environment, labor and human rights, ethics, and sustainable procurement. Monadnock’s exceptional score of 83/100 reflects its dedication to sustainability, from carbon-neutral manufacturing powered by 100% renewable wind energy to responsible fiber sourcing certified by the Forest Stewardship Council® (FSC® C018866). “Our journey to a Platinum rating was driven by a company-wide unwavering commitment to meaningful action,” said Richard G. Verney, Chairman and CEO of Monadnock Paper Mills. “This achievement reflects the hard work of our employees and partners, whose dedication made this significant accomplishment possible.”

UPM Raflatac, a global supplier of self-adhesive paper and film products, reports that all manufacturing of their Direct Thermal laminate products in North America will no longer rely on Bisphenol-A (BPA) and Bisphenol-S (BPS) direct thermal developers. Linked to environmental and health concerns, Bisphenol compounds BPA and BPS are commonly known as developers in the reactive layers of certain direct thermal products, including those used in manufacturing pressure-sensitive label stock. UPM Raflatac collaborates closely with raw material suppliers to ensure that these substances are not intentionally added to its direct thermal products or used in the raw materials for its direct thermal face sheets.

UPM Raflatac is excited to announce the launch of its new swatchbooks for wine, spirits, beverage and premium labeling. The swatchbooks, available in a compact and larger-scale format in the EMEIA market, allow printers, brands and designers to assess the texture, color and esthetics of a wide portfolio of high-quality label materials. “Swatchbooks are essential tools for printers and designers, providing both a visual and tactile feel of label materials. Our goal was to present our solutions in a way which is both user-friendly and uniquely inspirational for the target market,” describes Stefano Pistoni, Senior Manager, Business Growth, Wine and Spirits Label Solutions, UPM Raflatac.

International technology group ANDRITZ supplied and recently commissioned two new refining and cottonizing lines for Van Robaeys, France. With the new lines, Van Robaeys is responding to the growing demand from the French market for cottonized and high-quality textile fibers from natural sources. Europe is the world’s largest producer of flax fibers, showing a 133% increase in flax cultivation areas between 2010 and 2020. The ANDRITZ teXline bast fiber lines can process up to 800 kg/h of fiber and use state-of-the-art equipment to ensure a high degree of flexibility throughout the fiber processing operations.

Mativ Holdings (Mativ), manufacturer of Argotec interlayer films for high-performance glazing, and Chasm Advanced Materials, Inc. (CHASM) have announced an exclusive licensing agreement. CHASM’s AgeNT® Silver Nanowire (AgNW) and Carbon Nanotube (CNT) hybrid performance film technology will be licensed to Mativ for transparent heating solutions in advanced glass and window applications across architectural, military, and transportation segments. This licensing agreement marks another milestone in the long-standing collaboration between Mativ and CHASM, aiming to accelerate the commercialization of a portfolio of AgeNT® Express films.

Drytac, the leading international manufacturer of self-adhesive materials for the large-format print and signage markets, is delighted to announce the appointment of Steve Payne and Anthony Shelmerdine as its Product Specialists in the UK and Ireland with immediate effect. The customer-focused and knowledge-led Product Specialist position highlights Drytac’s commitment to delivering exceptional service and expertise. Drytac Product Specialists will work closely with Drytac’s exclusive UK stockist and partner Premier to promote Drytac’s suite of products through dynamic presentations and expert training sessions. Other key responsibilities will include business development and growth, account prospecting and support, customer relationship management, and working closely with customers to recommend product solutions tailored to specific needs and applications.

UPM Raflatac is pleased to announce a new partnership with Highlands to boost the sales of UPM Raflatac Office Products in the United Kingdom. Highlands will support the growth ambitions for UPM Raflatac’s sticky notes business under the brands inFO Notes and UPM Notes. “The UK market offers great potential for our sticky notes business. We are excited to partner with a well-connected and experienced organization like Highlands to drive growth from these market opportunities,” states Ville Pollari, Director, Industrials & Office Products, UPM Raflatac. UPM Raflatac is one of the world’s largest sticky notes manufacturers with nearly 30 years of experience in the business. The company offers a broad range of products, such as sticky notes, cubes and page markers under the brand inFO Notes and a growing range of plastic-free sticky notes under the brand UPM Notes.

Irving Forest Products, which owns and operates wood processing facilities in Maine and New York State, will acquire the Masardis Sawmill in Masardis, Maine. The sale will close January 5, 2025. Previously owned by Groupe Lebel, the Masardis operation has a long history of producing random-length spruce and fir lumber. It currently employs 80 people and has the capacity to produce 115 million board feet annually. The sawmill is located within close proximity to Irving’s 1.3 million acres of timberlands in Maine. “We are excited to grow our lumber production capacity in the state of Maine,” said Jerome Pelletier, VP of Irving Forest Products. “The Masardis mill is well-located to access high-quality timber. It is also serviced by the Maine Northern Railway and benefits from having a team of highly skilled and dedicated employees who have worked together for decades to ensure the success of their operation.”

Twin Rivers Paper Company announced the promotion of Tyler Rajeski as Chief Executive Officer, effective February 1, 2025. Tyler succeeds Debabrata Mukherjee, who will continue his service to Twin Rivers as Chairman of the Board. Tyler joined Twin Rivers Paper in April 2022 as Vice President of Finance and was named Chief Financial Officer in August 2022, leading the company’s finance, accounting, treasury and tax functions. In April 2023, he was named President in addition to his role as Chief Financial Officer. Previously, Tyler held Associate and Senior Associate positions with Atlas Holdings (“Atlas”), which acquired Twin Rivers in 2013. Tyler completed GE’s Financial Management Program and holds a degree in finance from Siena College.

Statkraft and Norske Skog Skogn have entered into a 3-year industrial power agreement for the supply of approximately 1 TWh (40 MW) during the period 2027–2029 to the company's paper mill in Skogn (Norway). Together with previous contracts, the agreement secures a significant portion of the mill's power supply at competitive terms through 2030. "We are very pleased with this agreement, which will provide the Skogn mill with a stable and substantial power supply at predictable prices going forward. In Central-Norway, power prices are advantageous compared to Southern Norway. The agreement helps secure jobs and the competitiveness of Skogn while also being important for the forestry industry in the region," says Geir Drangsland, CEO of Norske Skog and Chairman of Norske Skog Skogn AS.

Jaakko Nikkilä holds the position of Executive Vice President at UPM, heading the business area Specialty Paper with global sales of around EUR 1.5 billion, until year-end. Jaakko Nikkilä has extensive experience in both international sales and production of fiber-based packaging materials. He has been employed by the UPM Group since 1995 and served as a member of the UPM Group Executive Team since 2019. “I am very pleased that Jaakko Nikkilä will join Billerud to lead Region Europe where the focus for the coming years is to strengthen performance through our existing manufacturing assets. I am convinced that his qualities and deep understanding of the paper and packaging industry will be instrumental for Billerud going forward,” comments Ivar Vatne, President and CEO of Billerud. Jaakko Nikkilä, born 1967, is a Finnish citizen. He will assume the position as President of Billerud Europe on 1 May 2025 and will be based in Stockholm. As previously announced, Matthew Hirst will leave Billerud on 31 January 2025. Ivar Vatne will act as the interim President of Region Europe from 1 February to 30 April.

The American Forest & Paper Association released the November 2024 Printing-Writing Monthly report. According to the report, total printing-writing paper shipments decreased 6% in November compared to November 2023. U.S. purchases of total printing-writing papers increased 2% in October compared to the same month last year. Total printing-writing paper inventory levels increased 1% when compared to October 2024. November year-to-date (YTD) total U.S. shipments grew 2% compared to the same period last year. UFS and CFS shipments increased by 0.1% and 7% YTD, respectively. MECH shipments however, decreased 2% YTD.