Due to insufficient results and the significant cost increases for pulp and other raw materials, chemicals and logistics Papierfabrik August Koehler SE is increasing its prices for all products by 7 – 12 % for deliveries from January 1st 2018 onwards.
https://www.koehlerpaper.com/en/service/news/meldungen/Price-increase-16-10-2017.php
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Verso Corporation announced that Brian D. Cullen will become its Senior Vice President and Chief Financial Officer effective June 16, 2021. "I am very pleased to have someone of Brian's caliber join Verso's leadership team and serve in this critical role for our company," said President and Chief Executive Officer Randy Nebel. "His operating finance proficiency and experience combined with his strong strategic thinking and leadership skills will be extremely beneficial to Verso as we continue to strengthen our position as a leader in the paper industry." Mr. Cullen has over 20 years of broad financial and strategic leadership experience, with the majority of his career holding executive and senior leadership roles at Fortune 500 companies, including McDonald's Corporation and The Procter & Gamble Co. Prior to joining Verso he served as US Vice President of Finance and Controller for McDonald's Corporation. Mr. Cullen holds a B.B.A. in Finance with accounting concentration from The University of Notre Dame in Indiana.
Metsä Board announced its plan to strengthen its position as Europe’s leading producer of folding boxboard by increasing production capacity. The company has started pre-engineering for increasing the annual production capacity of folding boxboard machine BM1 at the Husum mill in Sweden by approximately 200,000 tonnes. The pre-engineering phase includes also an evaluation of the mill port’s capacity for increased volumes of raw materials and finished goods. The planned investment would further strengthen Husum BM1’s position as the biggest folding boxboard machine in Europe. The readiness to make the final investment decision is expected to be achieved in the summer of 2021 and if the investment is implemented the ramp-up of the additional capacity would start in 2023.
Please note that our Standard 45g Newsprint price will increase by $20/MT for shipments on or after January 1st, 2021, and will increase by an additional $20/MT for shipments on or after February 1st, 2021. Prices for all other basis weights and uncoated mechanical publishing grades will be adjusted accordingly.