Fire at Metsä Board’s Husum pulp mill’s chip conveyor

Mativ Third Quarter 2023 Highlights (Continuing Operations) *Sales decreased 9.7% to $498.2 million, reflecting lower volume partly offset by higher selling prices and currency translation *GAAP loss was $464.3 million, GAAP EPS was $(8.50). Results included a non-cash goodwill impairment charge of $401.0 million and $24.3 million related to asset write-downs and the planned divestiture of Engineered Papers

The research, called Carbon Sinks+, aims to understand how commercial forests affect to climate change in ways other than as carbon sinks and stores. For example, forests also have an impact on the formation of aerosol particles and clouds, rainfall and the reflection of sunlight back into space, all of which affect to climate change. “It is not yet known which forest or ecosystem has the greatest overall cooling effect on the atmosphere and by which mechanisms. It is known that forests act as carbon sinks, but the SMEAR (station for measuring Earth surface-atmosphere relations) study aims to find out what else commercial forests do for the climate”, explains Markku Kulmala, Professor of Aerosol and Environmental Physics at the University of Helsinki, who is leading the study. The study will measure more than a thousand different variables, and the main measurement site will be the Hyytiälä forest station at the University of Helsinki, where measurements have been taken for decades.

Appvion recorded second quarter operating income of $5.1 million compared to operating income of $3.9 million for second quarter 2016. The improved earnings in second quarter 2017 were driven by volume growth for the Company's tag, label and entertainment (TLE) products and carbonless papers segment. Continued execution of profit improvement initiatives, improved manufacturing performance, and lower selling, general, and administrative (SG&A) expenses also contributed to the earnings improvement. Those results were partially offset by the impact of lower net sales caused by lower market prices for the Company's thermal receipt paper and unfavorable product mix in the carbonless papers segment. Total company shipment volume was relatively flat compared to second quarter 2016. Appvion's second quarter 2017 net sales of $164.0 million were $9.6 million lower than second quarter 2016. Year-to-date net sales of $330.7 million were $23.4 million, or 6.6%, lower compared to the same period in 2016, largely as a result of lower prices for thermal paper products as well as lower shipment volume and unfavorable product mix. Total company shipment volume was down approximately 2% compared to first half 2016. Thermal shipment volume declined more than 3%, while carbonless increased less than 1%. Click Read More below for additional detail.