AF&PA to Underscore Support for Free, Fair Trade in Administration and Congressional NAFTA Meetings

American Forest & Paper Association (AF&PA) President and CEO Donna Harman issued the following statement in strong support of the North American Free Trade Agreement (NAFTA). AF&PA and member company leaders will meet with administration and Congressional offices on March 20 to advocate for free and fair trade policies that recognize the strong global position of the paper and wood products industry.

“NAFTA countries account for $9.6 billion or 45% of our industry’s pulp and paper exports, making them a vital industry market. As negotiators work to modernize NAFTA with Canada and Mexico, we support constructive changes that will ensure these markets remain open to our country’s exports and recognize the benefits of an interconnected supply chain. Maintaining open access for U.S. exports and a level playing field for U.S. companies, retaining the investor-state dispute settlement mechanism, implementing transparent and sound science-based regulatory practices and combatting illegal logging and associated trade remain our top priorities.

“The U.S. paper and wood products industry and its employees bring a long history of sustainable, innovative manufacturing practices to the table, not to mention a work ethic that is second to none. That’s a winning combination at play in communities across the nation and one that deserves every opportunity to grow and contribute to American manufacturing growth. Remaining in NAFTA and improving the agreement’s provisions will help strengthen this foundation and is a case we look forward to making to the administration and members of Congress.”
http://afandpa.org/media/news/2018/03/19/af-pa-to-underscore-support-for-free-fair-trade-in-administration-and-congressional-nafta-meetings

Related Posts

Canfor Increasing Production Capacity and Diversifying with Acquisition of Millar Western Assets

Canfor Corporation is announcing that it has entered into an agreement with Millar Western Forest Products Ltd. to acquire the company’s solid wood operations and associated tenure for $420 million, including $56 million in working capital. The purchase price represents a multiple of 3 times 2020 and 2021 average EBITDA. Canfor expects to generate at least $25 million in annual synergies principally related to alignment with the Company’s marketing programs and operational enhancements. Millar Western’s solid wood operations, located in Alberta, Canada, will add 630 million board feet of production capacity and have access to a globally competitive, high-quality timber supply. The assets consist of three well-capitalized operations including two sawmill complexes in Whitecourt and Fox Creek and the high-value, specialty Spruceland Millworks facility in Acheson that is dedicated to serving strategic markets and generates higher, more stable returns.

Glatfelter Announces Price Increase on Tag/Index Products in the US Market

Glatfelter is announcing a price increase for the listed grades and product lines sold in our United States market. The increase will be effective with shipments on or after January 1, 2018. The increase will be $2/cwt for the following items: Sealer Envelope Worthington Index; Tiffin Tag (White & Manila) Index Card; Shawnee Vellum Bristol. The increase will be $3/cwt for the following items: Tiffin Tag (Colors) File Folder. All current standard differentials and upcharges remain in effect.

Norbord Reports Third Quarter 2017 Results

Norbord Inc. reported Adjusted EBITDA of $200 million for the third quarter of 2017 versus $115 million in the third quarter of 2016 and $165 million in the second quarter of 2017. The improvement is primarily due to higher North American oriented strand board (OSB) prices and shipment volumes. North American operations generated Adjusted EBITDA of $184 million compared to $106 million in the same quarter last year and $157 million in the prior quarter. European operations delivered Adjusted EBITDA of $14 million versus $10 million in the same quarter last year and $9 million in the prior quarter. "Our third quarter performance continued to accelerate and we delivered our best Adjusted EBITDA result in 13 years," said Peter Wijnbergen, Norbord's President and CEO. "In North America, our shipment volumes increased 5% and benchmark OSB prices were 36% higher year-over-year due to already strong OSB demand that was pushed even further by the hurricanes in the US south. In Europe, our financial performance is back on track as improved panel prices outpaced the currency translation headwind from the weaker Pound Sterling and the negative impact of higher resin prices." Click Read More below for additional information.
Back To Top
×Close search
Search