NORPAC Announces Price Increases on UGW and Newsprint Products

Sappi Limited announced today that the intended sale to Aurelius Group of its Maastricht Mill in the Netherlands, its Stockstadt Mill in Germany and its Kirkniemi Mill in Finland (the “Transaction”) has not materialised within the agreed timeframe of the contractual agreement and therefore the agreement has lapsed. The mills included: Sappi Maastricht Mill produces 260,000 ton per annum (tpa) of coated woodfree paper and paperboard mainly sold to printers and packaging converters globally. Sappi Stockstadt Mill is an integrated pulp and paper mill located in Germany, producing 145,000 tpa of pulp which is used to produce 220,000 tpa of coated and uncoated woodfree paper mainly sold into the European print market. Sappi Kirkniemi Mill is an integrated pulp and paper mill located in Finland, producing 300,000 tpa of bleached mechanical pulp which is used to produce approximately 750 000 tpa of a variety of coated mechanical paper grades used in the print publication industry globally.

The Supervisory Board of Mayr-Melnhof Karton AG has unanimously reappointed Peter Oswald (61) as Chairman of the Management Board and CEO until May 31, 2029 following his first period of office, which expires on March 31, 2025. At the same time, the Management Board, which currently includes CFO Franz Hiesinger (58) alongside him, will be expanded to three members. Roman Billiani (50), who up to now was responsible for “Food & Specialities Packaging” as Managing Director in the MM Packaging division and has held management positions in the field of fibre-based packaging for around 20 years, has been appointed as a new member of the Management Board for the term of office from May 1, 2024 until April 30, 2027. He will be responsible for the enlarged unit “Food & Premium Packaging”, which contains the entire packaging business with the exception of the area “Pharma & Health Care Packaging”.

Solenis, a leading global producer of specialty chemicals, has acquired BASF’s flocculants business for mining applications. This strategic acquisition enhances Solenis’ portfolio, ensuring a comprehensive solution for its mining and mineral processing customers. The integration of BASF’s flocculants business will enable Solenis to offer an expanded range of products and services, addressing the diverse needs of the mining industry. This acquisition underscores Solenis’ commitment to providing innovative and sustainable solutions that improve operational efficiency and environmental performance.