Canfor Pulp Temporarily Curtailing Intercontinental Pulp Mill

Mitsubishi HiTec Paper will be increasing prices for the whole THERMOSCRIPT thermal paper range as well as the GIROFORM carbonless paper range on January 1, 2018. The level of increase will vary depending on region and application. This is due to the further increased raw material and logistics costs, as the company says in the press release received by Lesprom Network. Mitsubishi HiTec Paper Europe GmbH is a German subsidiary of Mitsubishi Paper Mills Ltd., Japan, one of the world's leading manufacturers of specialty paper.

• 2023 operating loss of $532 million; shareholder net loss of $326 million • Q4 2023 operating loss of $191 million; shareholder net loss of $117 million • Solid earnings for the Company’s European and US South operations in 2023, with persistent challenges in British Columbia • Successful execution of significant capital growth program in the US South throughout 2023 • Sustained pressure on global lumber market conditions and pricing through most of the fourth quarter, drove quarter-over-quarter decline in results in all lumber operating regions, most notably in Western Canada • Moderate uplift in global pulp market fundamentals through the fourth quarter driven by a slight increase in demand and purchasing activity in most major regions; 20% improvement in pulp production quarter-overquarter

A new four-year tentative agreement has been reached between Catalyst Paper and Unifor, representing approximately 750 workers in British Columbia. "This agreement achieves the pattern bargaining goals that Unifor set for the western pulp sector, which is helping to raise standards across the board," said Unifor National President Jerry Dias. "I congratulate the bargaining committee on obtaining a fair deal in these very challenging times for the Canadian pulp and paper industry." Click Read More below for additional information.