Lecta announces a price increase for its Thermal and Carbonless paper deliveries, effective January 2nd, 2018

July will see shovels in the ground as the Sawmills Division of J.D. Irving, Limited begins a long-awaited investment at Doaktown. The $35 million project will see the mill’s footprint grow by 14,000 square feet bringing together the sawmill, planer mill and value added centre under one roof. Currently the sawmill is located on the other side of the road. New, state-of-the-art technology will be installed throughout the lumber production process. The company is targeting spring 2021 for the commissioning and start-up of the new facility.

*Record quarterly net sales of $5.5 billion increased 14.6% year-over-year *Net income of $378 million increased $128 million year-over-year, or 51.1%. Adjusted Net Income of $396 million increased $128 million year-over-year, growing 47.6% *Record Consolidated Adjusted EBITDA of $1.006 billion increased 24.0% year-over-year *Earned $1.47 per diluted share (“EPS”) and Adjusted EPS of $1.54, compared year-over-year to $0.93 and $1.00, respectively, increasing 58.1% and 54.0%, respectively *Net leverage ratio within targeted range

Sugar pulp can be applied as a sustainable substitute for wood fibre to produce paper on an industrial scale. Crown Van Gelder recently signed a Letter of Intent with Cosun Beet Company for the joint development of innovative solutions for sustainable paper and packaging materials.