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

Rayonier Advanced Materials Inc. and Tembec Inc. announced that they received clearance from the Competition Bureau of Canada, without condition, of the previously announced proposed statutory arrangement under Section 192 of the Canada Business Corporations Act involving the acquisition by Rayonier Advanced Materials of all of the outstanding shares of Tembec. In addition to clearance by the Competition Bureau, the Transaction already has received antitrust clearance from the Anti-Monopoly Bureau of the Ministry of Commerce of the People’s Republic of China, Germany’s Federal Cartel Office, and the United States Department of Justice and the Federal Trade Commission. As such, Rayonier Advanced Materials and Tembec have now received all required antitrust clearances. The Transaction has also been approved by Tembec’s shareholders and by the Québec Superior Court. Subject to obtaining other necessary approvals, as well as the satisfaction or waiver of other conditions to the Transaction, it is expected that the Transaction will be completed in the fourth quarter of 2017.

Winfried Schaur has been appointed as Executive Vice President, Technology and Mika Kekki as Executive Vice President, UPM Plywood as of October 1, 2021. Both will be members of UPM’s Group Executive Team and report to Jussi Pesonen, President and CEO. They will succeed Jyrki Ovaska and Mika Sillanpää who both will retire at the age of 63 at the end of 2021. Winfried Schaur is currently the Executive Vice President, UPM Communication Papers and member of the Executive Team. He has held several senior positions in UPM’s paper business since 2001. Mika Kekki is currently the Vice President, Production & Operations, responsible for UPM’s eight plywood mills and production related support functions. He has held several management positions in UPM and preceding companies since 1994.

Total European shipments of Graphic Papers were down 4.2% in September vs. September 2016 and are down 0.9% year-to-date. Total European shipments of Newsprint were down 5.5% in September vs. September 2016 and are down 3.7% year-to-date. Total European shipments of SC-Magazine were down 11.1% in September vs. September 2016 and are flat year-to-date. Total European shipments of Coated Mechanical Reels were down 4.6% in September vs. September 2016 and are down 1.4% year-to-date. Total European shipments of Uncoated Mechanical were UP 4.2% in September vs. September 2016 and are UP 2.3% year-to-date. Total European shipments of Coated Woodfree were down 1.4% in September vs. September 2016 and are UP 1.3% year-to-date. Total European shipments of Uncoated Woodfree were down 3.9% in September vs. September 2016 and are down 0.9% year-to-date. Click Read More below for additional information.