Metsä Group donates nearly one million euros in total to six universities

Full Year Highlights *We achieved an improvement in our safety recordable incident rate by approximately 30 percent. *Net sales of $1,028.5 million increased 30 percent compared to 2020, primarily driven by organic volume growth, pricing actions and the impact of the acquisition of Itasa. *In April 2021, we acquired Itasa, a leading global coater and converter of release liners used in hygiene, tapes, industrial labels, composites and various other end markets. The purchase price was $240.2 million, and in the first nine months of ownership, Itasa has generated incremental net sales of $106.9 million. *We executed several operational initiatives, including a $13 million investment in new coating capacity starting up in 2023, closure of our Appleton, Wisconsin facility to save $7-8 million annually, and restarting an idled asset to support growth in premium packaging. *We made meaningful progress on key environmental, social and governance initiatives, including actions designed to reduce energy usage, water consumption and greenhouse gases, recognition through leading sustainability rating agencies (including EcoVadis Gold Medal in Spain and Silver Medal in all other locations) and advancements in the diversity of our Board of Directors (with half identifying as female or underrepresented minorities).

Northern Pulp is safe from its creditors for another five months. British Columbia Supreme Court justice Shelley Fitzpatrick approved the company’s motion on Friday to have creditor protection extended until April 30. Northern Pulp estimates it has enough money left to run until June. After that it will have to seek permission from the the court and its creditors to draw again on a $50 million financing facility set up by its parent company, Paper Excellence. “The Province is generally satisfied with the improved level of communication between the Petitioners and the Province, and also with other interested parties,” reads an affidavit filed with the Court on behalf of the provincial government before Friday’s hearing.

Featuring a converter friendly balance of high initial tack and low edge bleed, Mactac® announces the launch of a new durable labeling product line, LINTEC® Low-Ooze, High Adhesion Durable Labelstocks. The new LINTEC Low-Ooze, High Adhesion Durable Labelstocks feature a selection of durable film facestocks paired with LINTEC’s industry-proven PAT1 and automotive-approved P0066 aggressive acrylic adhesives. The labelstocks are intended for use in labeling durable goods, electronics, appliances, warning and instruction labeling, and automotive and medical labeling applications. With product features that are highly appealing to industry converters, Mactac’s LINTEC Low-Ooze, High Adhesion Durable Labelstocks offer cleaner on-press and thermal transfer print performance, as well as reduced risk of label pick-off. They are suitable for prolonged outdoor use and ensure very good resistance to chemicals, heat (durability up to 302-degrees Fahrenheit), and UV (ultraviolet) light. Additionally, the labelstocks are UL 969 recognized by Underwriters Laboratories for superior performance, label suitability, and compliance for displaying required safety information on UL Certified products, despite long-term exposure to a variety of environmental elements.