Mondi – Update on Ukraine / Russia

Total boxboard production increased 2.4 percent when compared to February 2017, but decreased 4.8 percent from last month. Unbleached Kraft Boxboard production increased over the same month a year ago, but decreased compared to last month. Total Solid Bleached Boxboard & Liner production increased when compared to February 2017 and increased compared to last month. The production of Recycled Boxboard decreased compared to February 2017 and decreased when compared to last month.

Supremex Inc., a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, announced optimization initiatives aimed at improving operational efficiency and achieving synergies within its Packaging and Specialty Products segment. These initiatives are expected to result in annual cost savings of approximately $1.5 million once all measures are implemented. First, the Company is closing its Saint-Hyacinthe facility, acquired as part of the Impression Paragraph Inc. transaction completed earlier this year. Production of packaging products carried out in Saint-Hyacinthe will be transferred to existing packaging facilities in the Montreal area. Supremex also announces the departure of Simon Provencher, President of the Packaging segment. Following his departure, the Company revamped its Packaging management structure under which three general managers will be responsible, respectively, for folding carton, e-commerce, and the commercial printing activities.

Graphic Packaging Holding Company published its 2022 Environmental, Social and Governance (ESG) report, demonstrating progress on all pillars in the company's ESG Vision 2025. The company achieved its climate intensity goals three years early and advanced decarbonization by seeking to set new, science-based climate targets to reduce absolute greenhouse gas emissions. Ethnic diversity reported among the company's U.S. employee base was more than double the industry benchmark, underscoring its commitment to a diverse and inclusive workplace. Graphic Packaging is aggressively pursuing a future fueled by renewable resources. Packaging solutions from the 27-country operation are made primarily with fibers from sustainably sourced trees or recycled materials. Nearly 65 percent of its energy is derived from renewable sources. Most of the company's packaging today is designed to be recyclable, promoting a circular economy.