Klabin carries out a General Shutdown at the Puma Unit

Lecta has developed new metallized papers with functionalities specifically oriented towards flexible packaging, recyclable products with the aim of replacing some of the materials currently in use that contain plastic. The new Metalvac Seal and Metalvac Barrier WV are the result of innovative w​ork based on Lecta's expertise in direct high-vacuum metallization, the application of coatings and the search for the appropriate components to achieve the desired functionalities. Both products we present have characteristics suitable for specific flexible packaging applications, and in both cases, they are recyclable and therefore more sustainable. Metalvac Seal: Suitable for graphic and flexible packaging applications (such as flowpacks, sachets, envelopes, or wrappers) for non-food products (collectible cards, stickers, toys, hotel amenities, etc.) and food products that do not require a specific barrier. Metalvac Barrier WV: Suitable for flexible packaging applications (such as flowpacks, sachets, wrappers, caps, etc.) for both non-food and food products (such as confectionery, coffee, tea, powdered products, etc.).

Clearwater Paper Corporation announced a preliminary update to the company’s previous outlook for second quarter 2020 Adjusted EBITDA of $45 to $55 million. Due to demand, production, and cost trends in April and May that were more favorable than previously anticipated, the company now expects Adjusted EBITDA for the second quarter of 2020 to be in the range of $71 to $77 million. In addition, in connection with its fourth quarter of 2019 earnings call, the company provided its outlook expectations for certain revenue and cost components for the full year of 2020. Due to anticipated performance in the second quarter of 2020, the company now believes that it will, in the aggregate, outperform the previous full-year expectations. The company will provide greater details regarding its performance and results for the second quarter of 2020 on its upcoming earnings call on August 4, 2020.

Norske Skog will take a major step in its continued transformation towards a growing and high-margin business by converting two newsprint paper machines into renewable containerboard production. The conversions at Golbey and Bruck will introduce 765,000 tonnes of competitive containerboard capacity to meet the growing demand for renewable packaging. Following the conversions, both mills will have access to green energy and have reduced their carbon footprints to become among the best performers in the industry. Norske Skog will continue to be a reliable supplier of all publication paper grades after the planned conversions. Newsprint capacity will be reduced with 360,000 tonnes, balancing the market for the Norske Skog’s remaining European publication paper capacity. Norske Skog plans to invest approximately EUR 350 million in the conversion projects over an 18-month period commencing in H2 2021. The investments are expected to generate an annual EBITDA of approximately EUR 70-80 million at full utilisation, based on historical prices for containerboard and recovered paper.