Navigator acquires Gomà-Camps Group’s

The Nomination Committee of BillerudKorsnäs has decided to propose that Jan Svensson shall be elected as Chairman of the Board of BillerudKorsnäs, at the Annual General Meeting that will be held on 5 May 2021. Jan Åström has announced that he is not available for re-election as Chairman of the Board, but as a continued member of the company's Board, and the Nomination Committee will propose that he is elected to this role. Michael M.F. Kaufmann, Chairman of the Nomination Committee commented: “The Nomination Committee is very pleased to propose Jan Svensson as new Chairman. We are convinced that Jan Svensson, with his broad industrial experience as well as excellent strategic and leadership skills, will provide the company with a chairmanship that is right for the company. The Nomination Committee also wants to point out the important contributions by Jan Åström during his term as Chairman of the Board, including his recruitment of a new CEO.”

Irving Consumer Products is pleased to announce the expansion of its United States business operations with the construction of a new $400 million state-of-the-art tissue plant in Macon, Georgia. The new plant will create over 200 jobs and allow the company to double its ThruAir Dry capacity, increasing it by 75,000 tonnes, the equivalent of 15 million cases. “We’re pleased to be expanding our business in the United States. We’re excited by the opportunity in Macon and in Georgia. We’re looking forward to building a strong relationship with the wonderful people of this community,” says Robert K. Irving, President of Irving Consumer Products. “Selecting Macon for our new facility provides us with an opportunity to establish a footprint in a region that has proven itself as being a strong supporter of business. It will allow us to reach key markets, and will help to continue to drive our growth.” Mr. Irving further adds, “This expansion is possible because of the commitment of our employees, customers and suppliers. It is their support that has allowed us to grow and expand.” Click Read More below for additional detail.

As a result of Russian aggression against Ukraine, the geopolitical situation in Europe has permanently changed. This has wide-reaching human, political and economic implications in Europe and the situation is evolving rapidly. Our primary concern are the people suffering from the war. UPM is providing support to its employees in the affected areas. We have also started providing humanitarian and material support to Ukraine this week. UPM will cease its deliveries to Russia for the time being. UPM businesses will keep the Russian customers and suppliers informed of the situation. While the forest industry is not directly targeted by the international sanctions at the moment, sanctions against the financial sector may impact UPM’s or its customers’ businesses and transactions in Russia. The full impact of the current and possible new sanctions and counter-sanctions will be known only as the situation evolves. UPM monitors the situation closely and makes decisions accordingly. UPM has employees, customers and suppliers in both countries but UPM’s exposure to Russian and Ukranian markets is limited. UPM Raflatac has a distribution terminal in the Kyiv region with 13 employees. The terminal operations have been closed until further notice. In Russia, UPM employs 800 persons most of whom work at the Chudovo plywood mill. The operations are currently running as usual. UPM’s sales to Russia and Ukraine combined was approximately 2 % of UPM’s total sales in 2021. Assets in Russia are less than 1 % of the group total. In 2021, less than 10 % of UPM’s wood sourcing to Finland originated from Russia.