Kruger announces $32m investment in Kamloops

*Order intake amounted to 2,588.6 million euros (MEUR) and was thus 49.7% higher than in the previous year’s reference period (Q1 2021: 1,729.5 MEUR). In particular, the Pulp & Paper and Hydro business areas were able to increase order intake significantly compared to the reference period of the previous year. *The order backlog as of March 31, 2022, reached a record level at 9,435.1 MEUR and has thus risen significantly once again compared to the end of 2021 (December 31, 2021: 8,165.8 MEUR). *Revenue at 1,526.9 MEUR were 2.3% higher than in the previous year’s reference period (Q1 2021: 1,493.2 MEUR). This rise is largely attributable to the Metals and Separation business areas. *The operating result increased more than revenue, reaching 122.3 MEUR (+10.3% compared to Q1 2021: 110.9 MEUR). As a result, the Group’s profitability (EBITA margin) increased significantly to 8.0% (Q1 2021: 7.4%). This is mainly due to continuing good business development in the Pulp & Paper business area and the substantial earnings improvements achieved by the Metals and Hydro business areas. *Net income increased to 71.5 MEUR (Q1 2021: 62.1 MEUR).

When people think of paper manufacturing, the first natural resource that comes to mind is probably trees. But water plays an equally important role in our industry. That’s why sustainable water management is one of our top priorities. The location of our facilities shows how important water is to our manufacturing process. We’ve built our mills near abundant water supplies, such as the shores of rivers, to draw water for our operations. Managing these natural resources is important to us and to the communities in which we live. Click Read More below for additional information.

In our continuing effort to provide best-in-class service to you on our core brands and our high performing items, we will no longer be replenishing select under-performing skus from our portfolio. The impacted items will be available while supplies last. Select skus in the following brands will be impacted: • ASTROBRIGHTS® Papers (13 sheet skus) • CAPITOL BOND® Papers (2 skus) • CLASSIC COTTON® Papers (3 sheet skus) • CORONADO® SST Papers (7 sheet skus) • CRANE’S BOND® Papers(1 sheet sku, 1 envelope sku) • CRANE’S CREST® Papers (2 sheet skus) • CRANE’S LETTRA® Papers (2 sheet skus) • ENVIRONMENT® Papers (3 sheet skus, 19 envelope skus) • EXACT® Brights Papers (4 sheet skus, 33 envelope skus) • EXACT® Index (2 sheet skus) • FOX RIVER SELECT® Papers (3 sheet skus, 33 envelope skus) • GILBERT® Cotton Papers (1 sheet sku) • HOWARD® Linen Papers (1 sheet skus) • NEUTECH® Papers (3 sheet skus, 33 envelope skus) ** The balance of the skus within these brands WILL continue to remain available. ** Please contact your Midland Paper Sales Professional for additional details.