Euro-Graph Publishes Monthly Statistics for the European Graphic Papers Industry

Neenah, Inc. announced a number of operational changes consistent with the Company’s commitment to accelerating growth, strengthening margins, and creating value for customers and shareholders. Actions include: *Investing $13 million in new release liner coating capacity in support of its growing specialty coatings business and the recent ITASA acquisition *Restarting an idled Fine Paper & Packaging asset in support of its premium packaging business *Ceasing operations at its Appleton, Wisconsin facility. “These actions will drive accretive value and accelerate efforts toward our long-term revenue growth goal of 5% annually with strong, consistent margins. Both the investment in coating capacity for release liners and the start-up of an idled asset in support of premium packaging are aligned with our strategy to extend our capabilities into larger, growing markets with customers that value unique, premium solutions,” said Julie Schertell, Neenah’s President and Chief Executive Officer. “Closing a facility is always a difficult decision and not one we take lightly. This decision is not a reflection of our employees or their efforts, as the team has consistently worked hard to overcome obstacles, improve safety and drive results. We'll continue to provide innovative filtration solutions and serve customers from our other manufacturing facilities in Europe and North America.”

UPM Raflatac, a global supplier of self-adhesive paper and film products, will showcase their more sustainable sticky notes products at the Insights-X stationery expo in Nuremberg, Germany on 11-14 October 2023. UPM Raflatac will be participating in the expo under the Global Notes by UPM Raflatac brand name after acquiring the AMC AG and the Global Notes brand in 2022. UPM Raflatac will introduce its new UPM Notes product range. UPM Notes offers a selection of different colorful sticky note pads and cubes made from FSC™-certified (FSC C003094) paper. To eliminate the use of unnecessary plastic, the notes are wrapped in transparent FSC™-certified plastic-free paper, making the packaging renewable, recyclable, and significantly lighter when compared to traditional cardboard packaging. UPM Raflatac is the first in the market to offer an innovative beyond fossils alternative for packaging sticky notes.

Sappi Chief Executive Officer Steve Binnie, commenting on the group’s performance, said: “Sappi has delivered another strong set of results with profits up 6% year-on-year. I am very pleased with the growth of the dissolving wood pulp (DWP) and speciality packaging businesses. Furthermore our initiatives to reduce variable costs and the benefits of lower interest charges were able to help mitigate higher paper pulp prices and a stronger Rand/Dollar exchange rate during the reporting period. “Capital expenditure in 2018 is expected to increase to US$450 million as we continue the conversions in both Europe and North America, complete the Saiccor and Ngodwana debottlenecking and start the upgrade of the Saiccor wood-yard. The increase in expansionary capital spending during 2018 is focused on higher margin growth segments including dissolving wood pulp and speciality packaging. This will position us for stronger profitability from 2019 onwards.” Click Read More below for additional information.