Howe Sound Pulp & Paper Mill Supports Sunshine Coast Search and Rescue

Rayonier Advanced Materials Inc. announced a cost surcharge of USD 146 (EUR 133) per metric ton applicable to all shipments of its cellulose specialties and viscose-grade products. This surcharge is necessitated by the impacts of rapidly escalating inflation and directly correlates to the significant increase in the Company’s costs for energy, logistics, chemicals, and wood. The surcharge is effective immediately and will be applied to all shipments April 1, 2022, or later.

HEINZEL GROUP announces the conversion of an idled paper machine at the Steyrermühl mill in Austria for the production of sustainable kraft papers for flexible packaging. Heinzel will take over the Steyrermühl site from UPM on January 1st, 2024, according to an agreement signed in 2022, and will enter the market with a new range of unbleached and bleached kraft papers shortly thereafter. The Steyrermühl paper mill, currently still owned by UPM, has a long history of producing top-quality graphic paper products. The conversion of the machine will enable the mill to enter the growing market for packaging papers. The new kraft paper grades produced will be used in the production of bags, pouches, and other flexible packaging products. At the site UPM today operates one paper machine for newsprint production, a sawmill, and a residue incineration plant co-owned with Heinzel's Laakirchen Papier. UPM plans to continue operations as-is until the end of 2023 when the production of graphic papers in Steyrermühl will be ceased.

Kimberly-Clark Corporation announced that it has entered into a definitive agreement to acquire Softex Indonesia, a leader in the fast-growing Indonesian personal care market, in an all-cash transaction for approximately $1.2 billion from a group of shareholders including CVC Capital Partners Asia Pacific IV. "This acquisition represents a compelling strategic fit and demonstrates our commitment to accelerate growth in developing and emerging markets," said Mike Hsu, Chairman and CEO, Kimberly-Clark. "Moreover, adding Softex Indonesia and its brands to Kimberly-Clark will enhance our company's underlying growth prospects and help us create even more long-term shareholder value."