Domtar Joins Allies in Postal Service Advocacy Efforts, Recognition

As previously announced, Michigan State legislatures have approved legislation to grant Billerud investment support of up to USD 200 million in funding to support Billerud’s investment plans. Michigan Governor Gretchen Whitmer signed the legislation, approving the Michigan Economic Development Corporation’s (MEDC) appropriation of the funds. The transformation of the Escanaba Mill is planned to be the cornerstone of Billerud’s expansion into North America, one of the largest and growing markets in primary fiber premium cartonboard. The project is expected to support hundreds of high paying jobs and require a significant number of contractors during the construction period. This funding follows additional incentives recently approved by the State of Michigan Administrative Board, including approval of the Forest Products Processing Renaissance Zone. The zone exempts Billerud from paying almost all state and local property taxes at the Escanaba Mill.

Per Ivar Berg (58) has been appointed new Managing Director at Norske Skog Saugbrugs AS from February 1, 2022. He has extensive experience from a number of positions in the pulp and paper industry, in addition to food industry. Until recently, he was the Executive Vice President at TINE with responsibility for production, investments, contingency planning, product development and R&D. He has previously been Managing Director at the Norske Skog mills Follum and Parenco as well as production- and maintenance manager at Saugbrugs from 1997 to 2001. Berg graduated in 1987 with a master degree in chemical engineering at NTNU in Trondheim. "We are very pleased to welcome Per Ivar Berg as the new Managing Director at Norske Skog Saugbrugs. Together, we share the ambition to create as competitive Norske Skog Saugbrugs as possible in this demanding industry. Today, Saugbrugs is well-run mill with great potential for further development, especially within new fibre products. For Saugbrugs, Berg will enhance broad industrial experience, high ambitions and new expertise to further develop the product portfolio and mill," says Sven Ombudstvedt, CEO of Norske Skog ASA and Chair of the Board of Norske Skog Saugbrugs AS.

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)