Alma cut-size Announcement

Kimberly-Clark Corporation has approved $30 million for expansion and improvements to its nonwovens manufacturing facility in Hendersonville, North Carolina. The plant produces nonwoven materials for Kimberly-Clark's North American adult and feminine care brands including Depend, Poise and U by Kotex. The two-year project will focus on expanding the plant's production capacity and efficiency, and is expected to add 14 new jobs at the site, while maintaining current employment. Click Read More below for additional information.

“Supremex’ third quarter operating performance was driven by higher envelope volume and improving packaging markets, and although profitability was impacted by approximately $1.9 million of non-operating items, it remains below its true potential,” said Stewart Emerson, President and CEO of Supremex. “As anticipated, envelope volumes continue to improve from the lows of 2023, and backlogs are stronger. However, the market continues to give back some of the pricing gains made in 2022 and profitability was also impacted by the temporary effect of our consolidation in the Greater Toronto Area, which is expected to yield important benefits going forward. In packaging, sales for e-commerce fulfillment remained solid and channels subject to discretionary consumer demand have improved, while increased profitability reflected greater efficiency from recent cost reduction and productivity initiatives and the benefits of improved absorption. Additionally, with a new senior leader steering our folding carton activities, we are confident that we will further leverage our high-quality assets, blue-chip customer base and dedicated employees. Based on a gradually improving market, efficiency and productivity gains, and the expectation of a substantial gain on the sale-leaseback transaction, the Board of Directors has decided to increase the dividend."

UPM has signed an agreement to sell its Chapelle Darblay newsprint mill site to a consortium of two partners Samfi and Paprec France SAS. The transaction is subject to customary approvals. The sale of Chapelle Darblay is an asset sale, and no personnel will be transferred. UPM has permanently ceased production and agreed a social plan for its employees at its Chapelle newsprint mill in Grand-Couronne, France in June 2020. Samfi and Paprec plan to develop the site into a platform for the supply of green energy and the production of raw materials from recycling. The future site would consist of a sorting and packaging plant for paper and plastics, an on-site power generation facility using biomass and a production facility for renewable hydrogen.