Norbord Reports Fire Near 100 Mile House, British Columbia Mill

Kruger Products’ mill in Gatineau, Que. is receiving $15,000 from the federal government to help implement an energy management information system (EMIS). The tissue manufacturer matched the contribution to the project, bringing the total investment to $30,000. The EMIS is expected to further reduce energy costs and improve energy efficiency. Kruger Products has reduced its energy consumption intensity by 15 per cent and its greenhouse gas emissions intensity by 28 per cent since 2009.

Pixelle Specialty Solutions LLC has signed a definitive agreement to acquire the carbonless rolls and security papers business of Appvion Operations, Inc. The transaction is expected to close in April 2021 and will not include any Appvion production assets. Carbonless rolls formerly manufactured by Appvion will be manufactured by the Pixelle specialty papers mill in Chillicothe, OH, and security papers formerly manufactured by Appvion will be manufactured by Pixelle or Pixelle supply partners. The acquisition expands the Pixelle product portfolio by building on Pixelle’s established brands of carbonless papers (ExcelOne® and Trans/Rite®) and adding DocuCheck® and DocuMark® security papers to Pixelle’s existing brand (Defensa®).

Financial summary for the quarter: *EBITDA excluding special items US$98 million (Q1 FY20 US$139 million) *Net debt US$2,056 million (Q1 FY20 US$1,916 million) *Loss for the period US$17 million (Q1 FY20 Profit of US$24 million) *EPS excluding special items -1 US cent (Q1 FY20 6 US cents)