Conciliator submits settlement proposals for UPM Specialty Papers and UPM Raflatac

Neenah, Inc. announced a 25 million euro investment in new meltblown capacity in our German filtration facility. Neenah is committed to accelerating growth in life science and industrial filtration markets. Our portfolio of meltblown products promotes higher filtration efficacy and lower energy usage, which our customers value. Our electrostatically charged NeenahPure® media solutions support HVAC, air pollution control, and air purification systems, delivering market leading efficiencies >99.9%. "Clean air and water are critical to our communities and environment. Meltblown technology effectively removes harmful particles from the air we breathe and the water we drink. This new meltblown line intensifies our innovation efforts and allows us to continue to grow with our customers," said President and CEO Julie Schertell.

Net sales amounted to SEK 8,982m (9,480). The lower sales level was related to the discontinued publication paper operations and the divestment of Wood Supply UK. Excluding these effects, net sales increased by 17%, driven by higher selling prices in all product areas. EBITDA improved 78% to SEK 3,619m (2,031). The increase was mainly attributable to higher selling prices in all product areas, but also to good production and a stable, low cost level. EBITDA margin was 40.3% (21.4). Operating profit increased to SEK 2,927m (1,228); Operating cash flow amounted to SEK 1,581m (614); Earnings per share increased to SEK 3.25 (1.34)

On the occasion of the re-start of Paper Excellence’s Chetwynd pulp mill, the media-shy company opened up a bit in an interview with Business in Vancouver. “Many pulp manufacturers look at the pulp industry [to be in] sunset,” Chang told the magazine. “Paper Excellence, our vision is different. We look at it as sunrise. We will be here for a century – as far as Asia continues emerging.” Paper Excellence does have the benefit of selling its pulp to APP mills, not on the open market, so it is not as vulnerable to pulp price fluctuations, Chang explained.