MM Group has successfully passed ISO 27001 certification

Paper Excellence Canada announced today that it has reached a settlement with the Province of Nova Scotia that acknowledges plans to transform and reopen Northern Pulp Nova Scotia in Pictou will not proceed and provides for a review process agreed between the Northern Pulp group and the Province of Nova Scotia that is aimed to determine whether a new, modern mill in Nova Scotia is viable. The agreement also provides for the settlement of outstanding litigation and loans between the two parties and fully addresses the pensions of former mill employees. Central to the settlement agreement is the creation by the Northern Pulp group (a subsidiary of the Paper Excellence group) and the Province of Nova Scotia of a review process that will explore the feasibility of a new, modern mill in Liverpool, Nova Scotia. Paper Excellence Canada will fund this review process and will work in close consultation with the Province of Nova Scotia in undertaking a feasibility study to determine whether a viable business case exists to open a new mill there. The potential construction of a state-of-the-art Northern Bleached Softwood Kraft (NBSK) pulp mill therefore depends on a determination of viability under this study.

Total European shipments of graphic papers in August 2022 were down 11.2% vs. August 2021 and were down 10.5% year-to-date. Total European shipments of newsprint in August 2022 were down 10.1% vs. August 2021 and were down 7.3% year-to-date. Total European shipments of sc-magazine in August 2022 were down 17.4% vs. August 2021 and were down 14.1% year-to-date. Total European shipments of coated mechanical reels in August 2022 were down 21.1% vs. August 2021 and were down 20.3% year-to-date. Total European shipments of uncoated mechanical (improved & others) in August 2022 were down 17.3% vs. August 2021 and were down 13.8% year-to-date. Total European shipments of coated woodfree in August 2022 were down 4.8% vs. August 2021 and were down 0.9% year-to-date. Total European shipments of uncoated woodfree in August 2022 were down 4.3% vs. August 2021 and were down 10.2% year-to-date.

Mondi has approved a €125 million capital investment project at its semi-chemical fluting mill in Kuopio, Finland. This investment will increase the facility’s capacity by around 55 thousand tonnes per annum to meet growing customer demand; enhance product quality and cost-competitiveness; and strengthen the mill’s environmental performance. The project includes an upgrade of the wood yard, fibre line, evaporation plant and paper machine. Start-up is planned for the fourth quarter of 2023. ProVantage Powerflute®, the semi-chemical fluting produced at the mill, is a high performance and top quality containerboard grade. Due to its high strength, moisture resistance and durability, it is a key component of fresh fruit and vegetable trays and boxes as well as specialised applications.