ANDRITZ to rebuild PM2 press section at Burgo Group, Avezzano, Italy

Paper Excellence Canada is pleased to announce the resumption of kraft pulp operations at its Catalyst Crofton mill, bringing more than 300 workers back to their jobs. While market conditions allow for the restart of our pulp operations, the curtailment of paper operations at Crofton is being extended to the end of October. “In spite of challenges posed by exceptionally low pulp and paper prices driven by global market fluctuations, we are pleased to announce that we are resuming pulp production and reinstating a portion of our workforce at our Crofton mill. While this is a positive development, we will continue to assess the ongoing viability of maintaining Kraft pulp operations at Crofton to ensure it is cost effective to operate and consistent with our overall business strategies,” said Krista Cuddy, Catalyst Crofton, Interim Director – Operations & Integration.

Norske Skog’s EBITDA in the second quarter of 2022 was NOK 905 million, an increase from NOK 610 million in the first quarter of 2022. Sales prices for all grades increased in the quarter as a consequence of high energy costs in Europe and a tight publication paper market. The containerboard conversions and energy projects are progressing as planned. Cash flow from operations was NOK 473 million in the quarter compared to NOK 196 million in the previous quarter, positively impacted by the improved operating margins, but negatively impacted by change in working capital, being mainly an increase in inventories, and trade and other receivables. Operating earnings in the second quarter of 2022 were NOK 1 195 million compared to operating earnings in the first quarter of 2022 of NOK 593 million. The quarter was positively affected by non-cash changes in fair value of energy contracts in Norway amounting to NOK 419 million. Net profit in the quarter was NOK 935 million compared to a net profit of NOK 583 million in the previous quarter. Net interest-bearing debt was NOK 1 012 million at the end of the second quarter, with an equity ratio of 42%.

Mondi, a global leader in sustainable packaging and paper, has switched its entire portfolio of glassine-based release liners to certified base paper. The change is part of Mondi’s ongoing, proactive approach to sustainability, which includes developing solutions that are better for the environment. Glassine-based release liners are mainly used for labels, tapes, and medical applications. By moving to certified base paper, Mondi is improving traceability, working with partners who manage forests responsibly in line with its commitment to maintain zero deforestation in its forests and supply chain. This latest move to certified glassine-based paper is another step in Mondi’s commitment to responsible sourcing and supply chain transparency.