Interfor Announces Temporary Production Curtailments in Q1’23

Fourth Quarter of 2021 Highlights *The fourth quarter of 2021 (“Q4 2021”) was the Company’s first full quarter operating its newly acquired forest products business **Q4 2021 net earnings of $8.0 million or $0.04 earning per share *Lumber pricing improved in Q4 2021 and into 2022 with continued volatility expected *Made significant strides in reducing reliance on transitional services arrangement with key hires in human resources, IT and accounting *Asset backed revolving loan facility of $65.0 million was undrawn at December 31, 2021 and has remained undrawn at March 23, 2022. Cash from operations has funded the seasonal log inventory build-up *Invested in Boreal Carbon Corporation, an entity focused on acquiring and managing forestry projects in North America to generate carbon credits

The American Forest & Paper Association (AF&PA) has released its October 2022 Printing-Writing Monthly report. According to the report, total printing-writing paper shipments decreased 4% in October compared to October 2021. U.S. purchases of total printing-writing papers increased 6% in October compared to the same month last year. Total printing-writing paper inventory levels increased 1% when compared to September 2022. U.S. purchases of uncoated free sheet (UFS) papers in October increased 7% compared to last October, while the inventory level increased 1% compared to September 2022. UFS imports increased 41% while exports decreased 12% in September 2022. Coated free sheet (CFS) paper shipments increased 1% compared to October 2021 while the inventory level decreased 4% compared to September 2022. CFS imports and exports both increased compared to September 2021, up 62% and 16% respectively. U.S. purchases of coated mechanical (CM) papers in October remained essentially flat (0.1%) compared to last October while the inventory level increased 3% compared to September 2022. CM imports increased 31% while exports decreased 12% in September 2022. Uncoated mechanical (UM) paper shipments decreased 22% compared to October 2021 while the inventory level increased 33% compared to September 2022. UM imports and exports both decreased compared to September 2021, down 11% and 38% respectively.

Ahlstrom-Munksjö advances further into the energy storage market and launches Ahlstrom-Munksjö Forticell® LAB, its new portfolio of fiber-based solutions for Lead Acid Battery applications. Today, lead acid batteries are the most cost effective energy storage devices. Storing electricity from renewable energy resources, providing back up for data centers, supporting supply chain management , enabling vehicle start-stop systems and supporting electrical car charging stations. Fiber-based materials are widely used in energy storage devices and due to Ahlstrom-Munksjö’s extensive expertise in cellulose, microglass and specialty nonwoven materials, the company is developing a complete range of solutions for its customers.