Kruger Announces Newsprint Price Increases

American Forest & Paper Association (AF&PA) President and CEO Donna Harman and Clearwater Paper Corporation President and CEO and AF&PA Board Chair Linda Massman issued the following statement after attending the White House “Cut the Red Tape” event where Vice President Mike Pence outlined the administration’s regulatory agenda. “We support the administration in its mission to achieve regulatory reform that will allow the paper and wood products industry to innovate, invest, create jobs and compete at home and around the globe,” said Harman. “Our companies account for four percent of U.S. manufacturing GDP, employ 900,000 men and women in rural and urban communities across 45 states and meet a roughly $50 billion annual payroll. When we work together to advance regulatory policies that unleash economic growth, our industry’s future only brightens.” Click Read More below for more of the story.

Lecta has published its new 2020 Environmental Report, highlighting actions and improvements carried out over the last two years. As a responsible company firmly committed to sustainability, minimizing our environmental footprint is one of our main objectives. In a year marked by the devastating impact of the pandemic and the consequent loss of production efficiency, the new report shows how the primary environmental goals of this period were still achieved. It further defines new commitments for the future and an overall goal to return to the extraordinarily positive trends in our environmental parameters prior to COVID-19. The report also underscores the considerable organizational effort made in response to the pandemic to ensure to the greatest degree possible the health and safety of everyone who is part of Lecta, while maintaining operations and service to our customers, who serve essential market segments.

The German Felix Schoeller Group sources a small part of its raw material demand of titanium dioxide and starch from the Ukraine. We are currently working on alternative sources to secure our supply. In addition, one of our TiO2 suppliers obtains part of its raw material from the Ukraine. This source is also disrupted. We are working at full speed on the resulting consequences and will inform you shortly. As an energy-intensive company, we are highly dependent on gas and electricity. More than 50% of German natural gas imports are sourced from Russia. We do not expect any bottlenecks in the short term. Nevertheless, we are currently examining possible alternatives to secure our energy supply. We are currently seeing unprecedented prices and very high volatilities in the energy markets. This will therefore also influence our pricing policy.