Europa-Park Uses Blue Koehler Blue4est Receipt Paper

Rayonier Advanced Materials Inc. reported a net loss of $23 million or $(0.36) per diluted share for the quarter ended June 25, 2022, compared to net income of $122 million or $1.89 per diluted share for the same prior year quarter. The net loss from continuing operations for the quarter ended June 25, 2022, was $25 million or $(0.39) per diluted share, compared to net income from continuing operations of $8 million or $0.13 per diluted share for the same prior year quarter. Net income from continuing operations in the prior year quarter included a $25 million tax benefit resulting from remeasuring the Company’s Canadian deferred tax assets at a higher tax rate following the announcement of the disposal. Unless otherwise stated, information in this press release relates to continuing operations.

Following on the heels of Tony Mollica’s appointment to CEO of Twin Rivers, the company continues to build on its play to win strategy with the announcement of six new, highly experienced cross-functional team members. The team is well-positioned to realize company-wide strategic objectives as it drives advancements in innovation and productivity, as well as operational, commercial, and customer service excellence. Mark Lukacs has joined the company as Chief Operating Officer. Stepping into the newly created role of Chief Commercial Officer is Jeffrey Hederick who will work closely with Mollica and other senior leaders to enhance commercial excellence capabilities that drive growth and customer satisfaction. Hederick will lean on the business and customer insight of seasoned team members Tony Rigelman, Vice President of Sales, and Brian McAlary, Vice President of Business Development, Technical and Export Sales. John Graves has been appointed to Vice President of Innovation and Productivity, another newly created position. Mike Soucy, a Twin Rivers veteran of over 28 years, has been named General Manager of the Plaster Rock operation. John Bates, who has spent the past four years working with the New York mills in various capacities, has been named the Director of NY Operations. Rounding out the new team members is Jason Querze, Customer Service Manager.

Q2 2017 highlights: • Comparable EBIT increased by 2% to EUR 270 million (264 million in Q2 2016). • Favourable market demand continued. • High maintenance activity and seasonally higher fixed costs impacted comparable EBIT by approximately EUR -20 million compared with Q2 2016, EUR -45 million compared with Q1 2017. • Solid operating cash flow at EUR 269 million (434 million). • Net debt decreased to EUR 1,046 million (1,876 million). • UPM announced new focused investments at the Kaukas pulp mill and Tampere labelstock factory. Click Read More below for additional details.