Irving Paper Announces Price Increase

Label and Graphic Materials *Reported sales increased 12% to $1.5 billion. Sales were up 20% ex. currency and 20% on an organic basis.*Reported operating margin increased 60 basis points to 14.3%. *Inflation continues to be significant in the company’s materials businesses, with it now anticipating more than 20% inflation in 2022 compared to prior year. Retail Branding and Information Solutions *Reported sales increased 17% to $623 million. Sales were up 22% ex. currency and 7% on an organic basis. *Reported operating margin increased 120 basis points to 12.2%. Industrial and Healthcare Materials *Reported sales decreased 2% to $192 million, up 5% on an organic basis. *Reported operating margin increased 100 basis points to 10.6%.

International technology group ANDRITZ has received an order from the Brazilian pulp producer Suzano to deliver state-of-the-art and resource-efficient technologies for all main process islands in the fiber production and chemical recovery plant, for its Cerrado project in the municipality of Ribas do Rio Pardo, state of Mato Grosso do Sul, Brazil. Start-up is scheduled for the second half of 2024. With an annual production capacity of 2.55 million tons, Cerrado will be the world’s largest plant with a single eucalyptus pulp production line. Civil construction, installation, commissioning, and start-up services are also included in the ANDRITZ scope of supply. With this order, ANDRITZ is once again demonstrating its strong global position in the supply of state-of-the-art and environmentally friendly chemical pulp mill technologies on EPCC basis. The proven process technology from ANDRITZ will strongly support Suzano in reaching their financial and sustainability goals.

Climate change is the greatest challenge of our time. At Mercer, we’re committed to being part of the solution. We believe technology and innovation can help get us there. For us, accountability means that we are accountable individually and have a responsibility to our partnerships. We contribute and take ownership beyond our job descriptions. This definition is broad and multifaceted, but like our other values, accountability is in everything we do. We’re a producer of green energy, a partner in healthy forest practices, and innovators working to advance cleaner technology. We take these roles seriously. Every day, we strive to build a more sustainable, resilient future for us all. In 2021, Mercer Celgar is embarking on a capital investment project to upgrade our existing woodroom. This project has a total cost of $31.4 million, of which $4.5 million is funded through Natural Resources Canada’s Investments in Forest Industry Transformation (IFIT) program. Completion of the woodroom upgrade project will improve the competitiveness of the pulp mill operation, reduce emissions, improve fibre utilization, and create local jobs during the construction phase.