Holmen’s Interim Report January-September 2023

On December 20, 2017, PaperWorks Industries, Inc. and certain of its affiliates (collectively, the "Company") and five (5) holders of the Company's 9.500% Senior Secured Notes due 2019 (the "Notes"), holding approximately 87% of the outstanding Notes (the "Ad Hoc Group"), entered into a restructuring support agreement (the "RSA") regarding a comprehensive financial restructuring of the Company's debt and equity structure. Among other things, the proposed restructuring will reduce the Company's long term debt by approximately $275 million, which represents approximately 70% of the Company's funded indebtedness, through a repayment of the Company's existing ABL credit facility and an exchange of the Notes for new debt and new common equity in the reorganized Company. Under the RSA, the Company's pro forma capital structure will consist of a $115 million post-restructuring financing facility, inclusive of $70 million of new capital back stopped by the Ad Hoc Group. Click Read More below for additional information.

Lecta presents an extensive new range of Termax products for the demanding, dynamic thermal paper segment, the result of deep technical know-how and years of experience in manufacturing specialty papers. Over the last years, Lecta completed a strategic investment plan prioritizing its heat-sensitive papers: a new base paper machine, a complete modernization of the coating preparation kitchen and a new coating line, installed in the Leitza mill (Spain) in 2018. Today, our new thermal facilities are equipped with two state-of-the art coating lines completely devoted to thermal paper, fully automated packaging lines and winding machines that provide a high-quality finish. In its new catalogue "Moving with your business", Lecta presents a renovated Termax paper range designed to meet the specific requirements of POS, ticket and label applications. Termax provides real end-use performance papers for converters and pressure-sensitive adhesive manufacturers, with high quality standards, perfect direct thermal printing results and numerous advantages.

SCA’s investments in Östrand pulp mill, in addition to the ongoing investments in pulp production at the Ortviken industrial site, will more than double the volume of pulp to be shipped from the Sundsvall region. The increased volumes mean that the pulp will be delivered to new and more distant markets. Tunadal and Bollsta sawmills are also ramping up their production volumes. Containers are being increasingly used to transport pulp and solid-wood products. Over the past five years, the volume of containerized trade from Tunadal port has more than doubled. “This development has meant that we need to be able to handle larger volumes of containerized cargo than previously and be able to accommodate larger ships – both container ships and break bulk vessels,” says Magnus Svensson, President Sourcing and Logistics at SCA.