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

Total European shipments of graphic papers in September 2022 were down 11.0% vs. September 2021 and were down 10.6% year-to-date. Total European shipments of newsprint in September 2022 were down 4.9% vs. September 2021 and were down 7.2% year-to-date. Total European shipments of sc-magazine in September 2022 were down 17.1% vs. September 2021 and were down 14.5% year-to-date. Total European shipments of coated mechanical reels in September 2022 were down 13.2% vs. September 2021 and were down 19.5% year-to-date. Total European shipments of uncoated mechanical (improved & others) in September 2022 were down 11.5% vs. September 2021 and were down 13.5% year-to-date. Total European shipments of coated woodfree in September 2022 were down 11.9% vs. September 2021 and were down 2.3% year-to-date. Total European shipments of uncoated woodfree in September 2022 were down 10.4% vs. September 2021 and were down 10.2% year-to-date.

The Paperworkers’ Union announced that the strike at most UPM’s Finnish mills will continue until 30 April 2022, unless new collective labour agreements are reached before that. Yet another extension of two weeks to the strike comes at a moment when negotiations between the union and UPM businesses continue intensively, and the conciliator has submitted a settlement proposal in the negotiations between UPM Pulp and the union. The parties must state their position on the proposal by 14 April. "Drafting of business specific collective agreements, led by the conciliator, has continued intensively during the past weeks. There is already a settlement proposal for UPM Pulp. Now it is important to focus on solving the open questions in the remaining UPM businesses", says Jyrki Hollmén, Vice President, Labour markets, UPM.

Domtar Corporation reported net earnings of $70 million ($1.11 per share) for the third quarter of 2017 compared to net earnings of $38 million ($0.61 per share) for the second quarter of 2017 and net earnings of $59 million ($0.94 per share) for the third quarter of 2016. Sales for the third quarter of 2017 were $1.3 billion. Operating income was $89 million in the third quarter of 2017 compared to operating income of $64 million in the second quarter of 2017. Depreciation and amortization totaled $80 million in the third quarter of 2017. The increase in operating income in the third quarter of 2017 was the result of higher volume and average selling prices, favorable productivity, and lower maintenance and raw material costs. These factors were partially offset by unfavorable exchange rates and higher selling, general and administrative expenses. Click Read More below for additional information.