Canfor Pulp Temporarily Curtailing Intercontinental Pulp Mill

Total European shipments of graphic papers in June 2022 were down 16.4% vs. 2021 and are down 10.2% year-to-date. Total European shipments of newsprint in June 2022 were down 10.7% vs. 2021 and are down 6.9% year-to-date. Total European shipments of sc-magazine in June 2022 were down 20.2% vs. 2021 and are down 11.2% year-to-date. Total European shipments of coated mechanical reels in June 2022 were down 28.1% vs. 2021 and are down 21.0% year-to-date. Total European shipments of uncoated mechanical (improved & others) in June 2022 were down 22.2% vs. 2021 and are down 12.3% year-to-date. Total European shipments of coated woodfree in June 2022 were down 8.8% vs. 2021 and are UP 0.6% year-to-date. Total European shipments of uncoated woodfree in June 2022 were down 14.8% vs. 2021 and are down 11.8% year-to-date.

We herewith announce a price increase of 5 - 7 % for all our uncoated fine paper products. It will be implemented for deliveries starting from 2nd January 2018. This price increase is primarily caused by continuously increasing fibre input cost and general cost inflation.

Mondi plc announces that it has entered into an agreement to sell its most significant facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Augment Investments Limited for a consideration of RUB 95 billion, payable in cash on completion. The proposed Disposal follows Mondi’s announcement on 4 May 2022 that, having assessed all options for the Group’s interests in Russia, it had decided to divest its Russian assets. Accordingly, Mondi launched a competitive auction process to find a suitable new owner for Syktyvkar. Syktyvkar is a wholly owned integrated pulp, packaging paper and uncoated fine paper mill located in Syktyvkar (Komi Republic). The Business employs approximately 4,500 people and it is a leading provider of uncoated fine paper and containerboard to the domestic Russian market.