AF&PA Releases Q2 2024 Boxboard Quarterly Report

Metsä Board, part of Metsä Group, and Euroports have signed an agreement on 16 December 2021, according to which Metsä Board Corporation will sell the entire share capital of its fully owned subsidiary Oy Hangö Stevedoring Ab to Euroports Finland Oy. The transaction is expected to be completed in the first quarter of 2022. The parties have mutually agreed that the transaction price will not be disclosed. The gain on sale will be reported as an item affecting comparability and will not have a material impact on Metsä Board's key financials. Hangö Stevedoring is a port operator in the Port of Hanko and its business is not part of Metsä Board's core business. The company has approximately 180 employees and its sales in 2020 were approximately EUR 20 million.

Volpak, a Coesia company, specialized in horizontal form-fill-seal solutions for the packaging industry, and Lecta, a premier European manufacturer and distributor of specialty papers, have embarked on a collaborative project aimed at testing and validating sustainable materials for packaging applications. The partnership between Volpak and Lecta originated from a shared commitment to innovation and sustainability. With the packaging industry moving towards more environmentally friendly solutions, it is essential for manufacturers to adapt and innovate. Lecta, with its expertise in specialty papers, recognized the importance of collaborating with Volpak to ensure that these new materials can be effectively utilized on existing packaging machinery. This collaboration aims to bridge the gap between material innovation and practical application, ensuring that eco-friendly papers meet the operational requirements of modern packaging lines.

Smurfit Kappa Group plc announces that it has decided to exit the Russian market. The Group has already suspended support for its Russian operations including any imports and exports and any short or long term funding. This exit will be effected in an orderly manner, during which we will continue to pay our employees and fulfil our legal obligations. Our Russian business represents less than 1% of forecasted sales Smurfit Kappa stands in solidarity with the people of Ukraine and everyone impacted by the totally unjustified attack on Ukraine and its people. The Group is providing, and will continue to provide, substantial humanitarian support for the Ukrainian people. We are also assisting the families of SKG employees and contractors from Ukraine as well as providing products and services to support the relief effort together with financial assistance to a number of aid agencies. We have also partnered with the Red Cross to provide funding to support their vital work.