Huhtamaki expands to paper bag manufacture in Poland

The more challenging macroeconomic scenario and market pulp fundamentals pressured the revenues during the quarter. The decline in pulp prices and sales volumes in relation to the previous quarter resulted in lower adjusted EBITDA from the segment compared to 4Q22. The paper business unit registered EBITDA per ton growth, driven by better prices despite lower sales volume associated with a strategy to recompose inventories. Consequently, adjusted EBITDA in the quarter came to R$6.2 billion, down 25% from 4Q22, and 20% higher than in 1Q22.

Trayforma by Stora Enso is a new wood fibre-based material composition designed for microwavable food tray packaging. The renewable material is free of PET, has a very low share of PP and a lower carbon footprint compared to traditional meal tray products. The material contains up to 95% wood fibres, making it widely recyclable in most existing carton packaging recycling schemes. Microwavable meals are typically packed in fossil-based PET trays as the material is safe for heating. Stora Enso’s Trayforma material replaces fossil-based plastics with renewable, light-weight paperboard that significantly lowers the carbon footprint of each tray. By changing to recyclable, low-carbon trays, brand owners and retailers selling microwave ready-meals can act on circular economy commitments.

The US Department of Commerce imposed unwarranted countervailing duties up to 9.93% on imported Canadian uncoated groundwood paper (newsprint). Forest Products Association of Canada strongly believes that these duties are completely unjustified and protectionist in nature. We call on the federal government to stand with us and the over 4,500 hard-working Canadians from British Columbia to Newfoundland and Labrador who could be impacted by this frivolous trade action. As it has with the softwood lumber dispute, this trade action will bring real harm to U.S. workers and businesses, impacting over 600,000 American jobs. We applaud the leadership of the many Democratic and Republican U.S. Senators, and the publishers of over one thousand small and medium-sized U.S. newspapers who have demanded that Washington not impose countervailing and anti-dumping duties on Canadian newsprint. Click Read More below for additional information.