GP to Expand Dixie Capacity in Lexington, Ky.; Will Close Operations in Easton, Pa., End of 2021

Metsä Group launches a programme to be implemented between 2021 and 2030 to provide financial contributions and expertise to support regionally relevant and effective development projects that improve biodiversity and the state of waters in Finland. These projects, which will be implemented outside commercial forests, may relate, for example, to bird waters and wetlands, watercourse routes, small waters and riparian habitats, pollinator habitats or new water protection methods. "One of Metsä Group's strategic sustainability targets is to safeguard biodiversity. We are implementing our ecological sustainability programme in commercial forests to safeguard forest biodiversity. With our new nature management programme, we want to play a role in improving the state of nature in Finland also outside the commercial forests. Our investments, which will amount to millions of euros during the programme, have no financial return expectations," says Ilkka Hämälä, President and CEO of Metsä Group.

Appleton Coated sale 'like a death in the family,' worker says after Thursday ruling Industrial Assets Corp., a used machine dealer and liquidator based in Los Angeles, will be the new owner of the Appleton Coated paper mill as of Friday. The $20 million sale, plus a $1.5 million backstop fund, was approved by Outagamie County Judge Gregory Gill in a hearing on Thursday morning. It included $2.25 million to cover employee health insurance through October and wages for about 100 employees to be recalled for a few weeks to keep the mill at "hot idle" status. That number will then be reduced to 30 employees. The new modified agreement includes the stipulation that Industrial Assets will market the mill for 90 days to see if a new buyer can be found who will restart and operate the mill as a going concern. According to the modified purchase agreement, Industrial Assets met with Appleton Coated management and “determined that the management’s projections for profitable short-term operations were not achievable.” Click Read More below for more of the story.

Norske Skog has today received a recapitalization proposal from a majority of senior unsecured noteholders (the "Unsecured Proposal"), and Norske Skog will for the purpose of information parity publish the Unsecured Proposal. The board of Norske Skogindustrier ASA will review the Unsecured Proposal in an appropriate manner. The approval deadline for Norske Skog's ongoing consent solicitation is set to Friday 29 September at 17.00 CET.