Flambeau River Papers Announces May Price Increase

There was a landslide at Norske Skog Saugbrugs around 04:30 CET today on 27 April 2023. This has had a material impact on building structures, cranes, and other machinery and equipment relating to PM6, which will result in a production stop for a longer period. "There has been a significant landslide which has caused great damage to the building structure for PM6 at Saugbrugs. We are working to get a full overview of the situation and risk of further landslides, but at the moment it is considered too dangerous to enter the area. This will result in a production stop on PM6 for a longer period. Most importantly, no one were harmed in the landslide, but it has been a traumatic and shocking experience for all involved and the local community" says Sven Ombudstvedt, CEO of Norske Skog ASA. Saugbrugs PM6 has a capacity of 260 000 tonnes SC magazine paper. Operations at Saugbrugs PM4 continue, the machine has a capacity of 100 000 tonnes SC magazine paper. The production and financial impact is currently uncertain, but further information will be provided when there is a clear overview of the situation

Northern Pulp is safe from its creditors for another five months. British Columbia Supreme Court justice Shelley Fitzpatrick approved the company’s motion on Friday to have creditor protection extended until April 30. Northern Pulp estimates it has enough money left to run until June. After that it will have to seek permission from the the court and its creditors to draw again on a $50 million financing facility set up by its parent company, Paper Excellence. “The Province is generally satisfied with the improved level of communication between the Petitioners and the Province, and also with other interested parties,” reads an affidavit filed with the Court on behalf of the provincial government before Friday’s hearing.

It is with great appreciation to their dedicated and committed volunteers that the Howe Sound Pulp & Paper Mill recently presented a $1,500 donation to the Sunshine Coast Search and Rescue (SCSAR) – a fantastic non-profit organization. The SCSAR relies on donations to maintain a state of readiness and help conduct life-saving operations within our community. Thank you for the work you do!