Iggesund Paperboard’s Vice President Sales & Marketing leaves the company

The Company reported an operating loss of $6.3 million for the second quarter of 2020, down $12.4 million from operating income of $6.1 million reported for the first quarter of 2020. Reported results for the second quarter of 2020 included an $8.2 million finished pulp and raw material inventory write-down at period end. After adjusting for this, the Company’s operating income was $1.9 million for the second quarter of 2020, up $6.5 million from a similarly adjusted operating result in the previous quarter. The Company’s operating results for the second quarter of 2020 reflected direct and indirect impacts of the coronavirus outbreak on global markets, and more specifically the pulp and paper business.

Norske Skog Saugbrugs has since 2006 developed new and sustainable products based on fibre. CEBINA is a natural fibre product and add rheology control in fluids and armouring in solid materials. Following significant marketing efforts and customer testing in 2020, Norske Skog is proud to announce that CEBINA is now sold to customers in Norway and internationally. “The CEBINA sales in the fourth quarter are incredibly exciting. We have been able to establish promising cooperation with companies, consultants and researchers, who see the unique potential in the green and sustainable product we have developed,” says Hugo Harstad, Commercial Development Director of CEBINA at Norske Skog Saugbrugs. Product development of CEBINA continues at full speed, and Saugbrugs works closely with, among others, Re-Turn in Fredrikstad to identify new applications. In 2020, a new variant of CEBINA has been developed in which the water in which the fibrils are suspended has been replaced with a polymer. This enables the use of CEBINA in, for example, epoxy floor coverings and adhesives.

The Paper Excellence Group, through its wholly-owned subsidiary Domtar Corporation, announced the successful closing of its previously announced acquisition of Resolute Forest Products Inc. This acquisition creates a stronger and more resilient diversified forest products company, manufacturing a range of pulp products and specialty, printing, writing, and packaging papers, as well as lumber and tissue. The acquisition of Domtar in 2021 and Resolute today significantly increases the Group’s scale, overall product offering and geographic reach.