Klabin carries out a General Shutdown at the Puma Unit

For the second year in a row, the media, research and financial information products company Corporate Knights has named Cascades one of the world's 100 most sustainable corporations. Cascades rose to 17th place among the 8,080 organizations analyzed. Having ranked 49th last year, Cascades has clearly made tremendous progress and remains the leader among the corporations assessed in its sector. The Global 100 Most Sustainable Corporations in the World ranking is the result of an in-depth analysis of international corporations with more than $1 billion in revenues. Cascades also ranks 3rd among the 13 Canadian corporations on the list. Cascades' ranking as one of the world's most sustainable businesses is the latest in a series of sustainable development distinctions it has received over the years and bears witness to the efforts made by the Company in terms of environmental protection and social responsibility.

Resolute Forest Products Inc. announced that its board of directors authorized the repurchase of up to $100 million or 10 million of the company's common shares, whichever occurs first. Repurchase transactions will be funded using the company's sources of liquidity. "Today's announcement follows recent completion of the share repurchase program announced in March 2020, under which we repurchased 11.5 million shares for $78.3 million, representing 15% of the outstanding shares," said Remi G. Lalonde, president and chief executive officer. "This new program will allow us to continue to act opportunistically to return capital to shareholders when conditions are right. We remain committed to a balanced approach to capital allocation, using our free cash flow to generate value for shareholders, build a stronger company and drive sustainable economic activity in the communities where we operate."

Statement by the CEO: Our production remained relatively stable in the third quarter, but rising raw material costs continued to negatively impact our earnings. Although the chemical pulp market experienced a slight slowdown, our customers continue to show interest in expanding volumes in our chosen niches. All three major investment projects at our mills are starting up this fall. As before, safety, efficiency, and high availability at our mills are of the utmost importance to ensure that our employees feel safe in their workplace and can achieve optimal results despite external challenges. Total production for the group increased by 2 percent compared with the same quarter last year. EBIT fell by 9 MSEK to 40 MSEK, mainly due to higher wood costs, which increased by about 40 MSEK. Gradually rising competition for pulp wood is driving prices upward. Meanwhile, our own supply of wood and wood chips remains strong, largely due to our long-term efforts to foster close relationships with our suppliers, which are mainly sawmills and timber companies.