Nekoosa Announces Carbonless Price Increase

Ten UPM Raflatac adhesives for logistics and e-commerce paper labels have been certified as recyclable in the paper and board-based packaging stream by the applied research and services institute Papiertechnische Stiftung (PTS) in 2023. These adhesives are intended for large volume solutions, providing customers with the added benefit of recycling-compatible, verified labeling solutions without requiring any product changes. To evaluate the recyclability, PTS has tested ten UPM Raflatac's paper labels containing the referred adhesives. The labels were tested as part of the packaging material at a mass share of 10%, following the PTS-RH 021:2012 Category II methodology for evaluating the recyclability of paper and board-based packaging. Due to the obtained results of fibre yield, sheet adhesion, and optical impurities, ten of the UPM Raflatac adhesives applied on the paper labels received verification.

Overview • Q3 2022 reported operating income of $108.6 million; quarterly sales of $1.7 billion • Downward pressure on global lumber market fundamentals and pricing following highs earlier in the year • Reduced Western Canadian operating schedules & European seasonal downtime led to lower shipments • Strong global pulp fundamentals & improved pulp production following capital-related downtime • Shareholder net income of $87.4 million, or $0.71 per share

Following extensive analysis of its operating footprint and the long-term supply of economic residual fibre, Canfor Pulp Products Inc. (TSX: CFX) is announcing the decision to permanently close the pulp line at its Prince George Pulp and Paper Mill, which will result in a reduction of 280,000 tonnes of market kraft pulp annually. The Specialty Paper facility at the site will continue to operate. “In recent years, several sawmills have permanently closed in the Prince George region due to reductions in the allowable annual cut and challenges accessing cost-competitive fibre. This has had a material impact on the availability of residual fibre for our pulp facilities and we need to right-size our operating platform. As a result, we have made the very difficult decision to shut down the pulp line at Prince George Pulp and Paper Mill and will continue to operate the Specialty Paper facility,” said Kevin Edgson, President and CEO, Canfor Pulp. Over the next few months, the Company will be following an orderly wind down process. The pulp line is expected to close by the end of the first quarter of 2023 and is anticipated to impact approximately 300 positions across the organization by the end of the year.