Flambeau River Papers Announces May Price Increase

WestRock Company announced its commitment to setting a new greenhouse gas emissions reduction target that is aligned with current climate science. WestRock has confirmed its commitment with the Science Based Targets initiative (SBTi) and will develop, validate and publish a science-based target within 24 months. “Building on a proud legacy in sustainable forestry and fiber management, we believe in the promise of a sustainable future, and we are committed to working with our customers, our supply chain and the communities where we work to get there together,” said David B. Sewell, chief executive officer of WestRock. “That’s why we have prioritized setting emissions reduction targets to help reduce this critical element impacting climate change.”

Overview * Record quarterly reported operating income of $603 million driven by historically high lumber prices and improved global pulp market conditions; record-high quarterly sales of $1.94 billion * Shareholder net income of $428 million, or $3.42 per share * Net debt of $85 million at March 31, 2021; $225 million repayment of term debt in the current quarter * Cumulative cash deposits of $615 million on countervailing and anti-dumping duties at March 31, 2021

Brazil’s Suzano Papel e Celulose SA will pay Fibria Celulose SA’s shareholders 52.50 reais ($15.92) per share in a merger that will create the world’s largest pulp maker, the companies said in statements on Friday. Additionally, Fibria’s shareholders will receive 0.4611 shares of Suzano for every share they hold in Fibria. Click Read More below for additional information.