ANDRITZ successfully starts up P-RC APMP line delivered to Guangxi Sun Paper, China

In March 2023, Ahlstrom launched a consultation process with employee representatives at its Stenay plant in France about the possibility to divest the plant, and if a buyer cannot be found considering closure. After a long process to identify potential buyers, Ahlstrom has received a binding offer from Accursia Capital to acquire the Stenay plant. The potential acquisition is subject to consultation with employee representatives. Since the beginning of the consultation period, finding a buyer has been Ahlstrom’s priority. The group has been working actively with all the local economic and political stakeholders in the area to support the process of finding a buyer. With a strong commitment to achieving a positive outcome for all parties involved, Ahlstrom would be dedicated to making every effort during the transition to ensure the plant successfully enters its new chapter.

Q4/2021 (year-on-year) *Sales increased by 26.3% to EUR 2,719 (2,154) million. *Operational EBIT increased to EUR 426 (118) million. *Operational EBIT margin increased to 15.7% (5.5%). *Operating profit (IFRS) increased to EUR 839 (289) million including the positive impact from the valuation of biological assets. *Strong cash flow from operations amounted to EUR 619 (436) million. Cash flow after investing activities was EUR 424 (223) million. *The net debt to operational EBITDA ratio improved to 1.1 (2.3). The target is to keep the ratio below 2.0. Year 2021 (year-on-year) *Sales were EUR 10,164 (8,553) million. *Operational EBIT more than doubled to EUR 1,528 (650) million.

American workers employed in the U.S. forest products industry descended on Washington, D.C., this week and made over 485 visits with members of Congress and administration officials. Their goal was to educate officials on the impacts of legislative and regulatory decisions on the environment as well as the families and communities that depend on forest products manufacturing for their livelihood. The group of workers were from The Pulp & Paperworkers' Resource Council (PPRC), a grassroots organization of hourly employees in the forest products industry who educate about issues affecting American manufacturing jobs in their industry. "The good-paying jobs that forest products manufacturing provides is vital to our economy," said David Wise, PPRC chairman. "The PPRC believes that our elected and government officials need to help protect the environment and not support regulations and legislation that hurts U.S. workers. It's imperative that we ensure a competitive playing field for the American forest products industry in the global market." Click Read More below for additional information.