Court extends Northern Pulp creditor protection (thechronicleherals.ca)

Sappi Limited announced that Marco Eikelenboom (53), currently Vice President Marketing & Sales, Graphic Papers at Sappi Europe, has been appointed as CEO of Sappi Europe as from 1 April 2021. Marco Eikelenboom succeeds Berry Wiersum (65), a 40-year veteran of the industry in Europe, who will retire at the end of March 2021. Berry Wiersum joined Sappi as CEO of Sappi Europe, a position he held for 14 years. Commenting on the retirement of Berry Wiersum, Steve Binnie, Chief Executive Officer of Sappi Limited said: “I would like to thank Berry for his significant service to Sappi during his 14 years with the company and for the support he has shown me as CEO. He is an outstanding leader both for the company and for the industry. His tenure saw massive changes as we made significant acquisitions, invested in machine rebuilds, restructured and refocused the business, all to ensure that Sappi could respond to and take advantage of the changes which were occurring. Most recently he also led Sappi Europe’s response to the Coronavirus pandemic. He and his team responded to each one with alacrity.”

Metsä Group, which Metsä Board is part of, has today published an updated Green Finance Framework. Metsä Group’s previous Green Finance Framework is from 2019. The Framework enables the continued issuance of green debt instruments in line with the latest market practices and further integrates Metsä Group's 2030 strategic sustainability targets into financing. Metsä Board's financing can be arranged under the Green Finance Framework. The Framework supports financing or refinancing of environmentally sustainable investments that contribute to Metsä Board's key environmental targets in minimizing impact on climate and nature. Metsä Group’s Green Finance Framework has received an updated independent second party opinion from Sustainalytics, verifying the alignment with Green Loan Principles 2023 and Green Bond Principles 2023 and considering the eligible green assets and expenditures as credible and impactful.

According to the report, total printing-writing paper shipments decreased 35 percent in May compared to May 2019. U.S. purchases of total printing-writing papers decreased 30 percent in May compared to the same month last year. Total printing-writing paper inventory levels decreased three percent when compared to April 2020. *Uncoated free sheet (UFS) paper shipments decreased 34 percent compared to May 2019, while the inventory level decreased four percent compared to April 2020. UFS imports and exports both decreased compared to April 2019, down 28 percent and 29 percent respectively. *U.S. purchases of coated free sheet (CFS) papers in May decreased 31 percent compared to last May, while the inventory level decreased two percent compared to April 2020. CFS imports and exports both decreased compared to April 2019, down two percent and 25 percent respectively. *Coated mechanical (CM) paper shipments decreased 36 percent compared to May 2019, while the inventory level decreased three percent compared to April 2020. CM imports and exports both decreased compared to April 2019, down 32 percent and 13 percent respectively. *U.S. purchases of uncoated mechanical (UM) papers in May decreased eight percent compared to last May while, the inventory level decreased three percent compared to April 2020. UM imports and exports both decreased compared to April 2019, down 27 percent and 42 percent respectively.