LEIPA on its way to market leadership in White Top Testliner business

Part of innovating means pushing boundaries and taking risks to bring new and exciting products to the market. Mohawk Renewal launched in April 2020 as a groundbreaking line of papers made with recycled cotton textiles and alternative fibers, including straw. To make Mohawk Renewal possible, we had to forge together an unprecedented supply chain with strategic partners. One of these partners, Columbia Pulp — the only North American supplier responsible for processing wheat straw into pulp to make Mohawk Renewal Straw — announced in February 2022 that they were ceasing operations. We have exhausted every avenue in Columbia Pulp's absence, but without a supplier, we cannot continue to support this industry-disrupting product and will have to discontinue Straw from the Mohawk Renewal portfolio effective immediately. We will sell the remaining inventory of Mohawk Renewal Straw to depletion without replenishment.

Ahlstrom-Munksjö reinforces its leading position in high performance solutions for durable applications, by launching Ahlstrom-Munksjö FibRoc®. The Fibroc® platform will bring together a wide range of high performance products under the same brand, making it easier for business partners to recognize and understand the offering across the value chain. “Thanks to its unique know-how and very wide technological platform, Ahlstrom-Munksjö has been able to create, throughout the years, an extensive range of high performance solutions specifically designed for durable applications,” says Daniele Borlatto, Executive Vice President, Filtration & Performance. “As the demand of high performance media for durable applications continues to grow, including in the building industry, we saw a need to create a new product platform to simplify our product offering and make it easier for the major stakeholders along the value chain to understand our offering,” he adds.

“Q3 2024 was a challenging quarter for GreenFirst and the broader industry. July was our toughest month, primarily due to low pricing, but both August and September saw improvements in pricing. Average Western Base pricing rose from $338/mfbm in July to $428/mfbm early November 2024. In July, due to market conditions and high inventory levels, we implemented targeted curtailments equivalent to six weeks of production. Despite this, our operations ran smoothly for the remainder of the quarter. We also continue to manage cash tightly, including postponing capital expenditures during the third quarter. Aside from the curtailment in July, we achieved good operational performance, breaking production records across multiple sites. In fact, during the third quarter, our efficiency was 4% higher as compared to 2023. Looking ahead, we expect pricing to continue improving for the rest of the year, primarily driven by industry curtailments across North America and reversals in monetary policy by the Bank of Canada and the US Federal Reserve. However, we remain cautious in the short term, and the Company will continue to focus on tightly managing its costs and liquidity. Finally, as previously announced, GreenFirst will continue its strategy of selling non-core assets.” said Joel Fournier, Chief Executive Officer of GreenFirst.