Metsä Board plans to purchase all shares in Hämeenkyrön Voima from Pohjolan Voima

For the First Quarter of Fiscal 2022 *Net sales increased 21.0% to $2.3 billion compared to $1.9 billion in the first quarter of fiscal 2021 due to the favorable impact of fewer COVID-19 restrictions compared to the first quarter of fiscal 2021. *Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 18.0%, driven by a 10.0% increase in transactions and an 7.3% increase in average ticket. *Gross profit increased to $941.0 million compared to $753.8 million in the first quarter of fiscal 2021. As a percentage of net sales, gross profit increased to 40.1% compared to 38.9% in the first quarter of fiscal 2021, primarily due to leverage in fixed costs, strong growth in other revenue, and favorable channel mix shifts, partially offset by lower merchandise margin. *Operating income increased to $437.7 million, or 18.7% of net sales, compared to $305.3 million, or 15.8% of net sales, in the first quarter of fiscal 2021. *Net income increased to $331.4 million compared to $230.3 million in the first quarter of fiscal 2021.

Monadnock Paper Mills, Inc., the oldest continuously operating paper mill in the United States, is pleased to announce the expansion of its alternative fiber offerings with Monadnock Hemp Envi™ Performance Board. Monadnock developed the tree-free bright white premium board with a continued focus on both performance and sustainability. Recyclable Hemp Envi Performance Board is crafted in the United States, Forest Stewardship Council Certified (FSC® C018866), and composed of 30 percent hemp fiber and 70 percent post-consumer waste (PCW) recycled fiber. “Hemp is an exceptionally strong agricultural fiber that has been used in papermaking for centuries, so who better than our 200-year old company to reimagine its use for the needs of 21st-century brands,” said Julie Brannen, Director, Sustainability Solutions, Monadnock.

In an era where environmental consciousness is at the forefront of consumer and corporate agendas, the packaging industry is undergoing a profound transformation. Around the world industries are strengthening their focus on sustainability and methods to reduce environmental footprints. With the rising awareness of environmental issues like plastic pollution and deforestation, businesses are turning to recycled pulp packaging to meet their needs. Recycled pulp, derived from post-consumer waste paper, offers a sustainable alternative to traditional packaging materials like plastic and virgin paper. By diverting waste from landfills and reducing the demand for new raw materials, recycled pulp helps conserve natural resources.