Norpac Price increase on Orca Offset

Georgia-Pacific announced that it is modernizing one of its premier sawmills in its Pineland, Texas lumber complex with a $120 million investment. Construction is expected to begin early next year and is scheduled to be completed in late 2022. The Pineland Lumber Complex was built in the 1910s and is the largest business in Sabine County, where Pineland, Texas, sits. The investment should increase the mills’ overall production. The modifications include a new sawmill which will replace the existing stud mill that was built in the 1960s. The new mill will have the ability to produce 450 million board feet of dimensional lumber each year once operational and running at full capacity, compared to the 380 million it can currently produce. It should also increase the number of trucks delivering the wood from 250 to 300 loads each day.

Operating profit for January–June 2017 was SEK 1 152 million (January–June 2016: SEK 1 063 million, excluding items affecting comparability). The improvement in earnings was due to higher wood product prices, better earnings from forests and the divestiture of the newsprint mill in Madrid. Compared with the first quarter, operating profit decreased by SEK 102 million to SEK 525 million as a result of a maintenance shutdown within paperboard and seasonally lower hydro power production. Profit after tax for January–June amounted to SEK 880 million (587), which corresponds to earnings per share of SEK 10.5 (7.0). Click Read More below for additional detail.

Tristram Wilkinson, currently serving as President of Kimberly-Clark's Europe, Middle East and Africa (EMEA) consumer business, has been named President of the company's Asia Pacific consumer business, and will have responsibility for the company's largest international region with operations in more than 30 countries, including China, India, Australia, Korea and the ASEAN member states. Wilkinson will continue to report to Chairman and CEO Mike Hsu and will be based in Singapore. Wilkinson is succeeding Aaron Powell, who is departing the company for an external opportunity. A successor to Wilkinson will be named in the near future.