Monadnock Paper Mills, Inc. Welcomes New Southeast Regional Manager

Sustana, the sustainable fiber and paper industry leader, has joined the United Nations (UN) Global Compact initiative. Sustana’s engagement in the UN Global Compact — a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices – reflects its longstanding and continued adherence to sustainable practices and its ongoing support for the Ten Principles focused on human rights, labor, environment, and anti-corruption. “With this announcement, Sustana is proud to continue its commitment to developing solutions to move society toward a greener, more circular future,” said Fabian de Armas, Chief Executive Officer for Sustana. “Over the years, Sustana has proven to be a leader in the sustainable pulp and paper business,” said Jeffrey Crawford, Vice President of Sustainability for Sustana. “We look forward to partnering with the UN Global Compact, its US and Canada Local Network members, and companies throughout our value chain to help move the world toward a sustainable future through responsible business action.”

Solenis, a leading global producer of specialty chemicals, will increase prices by 5 to 20 percent on all sizing product lines across the EMEA and Asia Pacific regions, effective immediately or as customer contracts allow. The price increase is necessary due to inflation and availability of raw materials used in manufacturing our sizing product line, elevated freight and energy costs and regulatory compliance requirements. “We are unable to absorb the impact of the increased costs that we are currently experiencing but we will continue to work in partnership with our customers to help mitigate the increases,” said Jose Santolaya, director, EMEA marketing and product management. “Solenis remains committed to controlling costs through process improvements to deliver high-value, innovative solutions that our customers have come to expect.”

*Sale of lumber and newsprint assets for approximately $232 million; estimated gain on sale of $6 million, net of tax *Retired $127 million of senior unsecured debt; additional $25 million of senior secured debt repaid in October *Expect significant price increases on the majority of cellulose specialties contracts in 2022 *Net loss from continuing operations was $13 million, $26 million unfavorable to the comparable period in 2020, driven by income tax benefit recorded in the prior year *Targeting EBITDA margin growth focused on lowering cost, improving reliability, executing strategic projects and funding attractive innovation initiatives