Orient Paper, Inc. Resumes Production

The Company reported an operating loss of $5.6 million for the second quarter of 2024, compared to an operating loss of $15.7 million for the first quarter of 2024. These results largely reflected an uplift in global pulp pricing, primarily in response to global pulp supply disruptions, and the correlated improvement in the Company’s average Northern Bleached Softwood Kraft (“NBSK”) pulp sales unit realizations. These factors were offset in part, however, by a decline in the Company’s pulp production and shipments quarter-over-quarter, driven by extended downtime at its Intercontinental NBSK pulp mill (“Intercon”) to address unforeseen recovery boiler repairs identified during the scheduled maintenance in May. In May 2024, the Company announced the decision to indefinitely curtail one production line at its Northwood NBSK pulp mill (“Northwood”) as a result of the continual decline in the availability of economic fibre in the northern British Columbia (“BC”) region.

International technology Group ANDRITZ has received an order from Shandong Huatai Paper Industry Shareholding to upgrade an existing BCTMP (bleached chemi-thermo-mechanical pulp) plant to become the world’s largest mechanical pulping line for P&W (Printing & Writing) paper production at the mill in Dongying, Shandong province, China. Start-up is scheduled for the fourth quarter of 2022. ANDRITZ will rebuild two existing high-consistency (HC) refiners as well as the existing screw presses, disc filters and screens, and supply new equipment for all other process steps. The upgrade project features the following technological highlights: *New MSD Impressafiner with the latest IIoT features for optimum wood chip maceration and chemical impregnation *New Side-Entry Plug Feeder (SEPF) feeding system for constant and efficient HC refiner feeding *Rebuild of the existing HC refiners, including the Hydraulic Commander, to enable fully autonomous monitoring and control *New DCS system as a future-oriented control system for the new fiberline

Sustana, the sustainable fiber and paper industry leader, announced today that it has completed a transaction with Hanna Paper, one of the largest high-grade paper recycling companies in North America. Headquartered in Toronto, Canada, Hanna processes 300,000 tons of paper annually through its eight recovery facilities across North America. The company employs approximately 200 employees and services over 1,000 customers. “Today marks an exciting milestone for Sustana and the long-term stability of our supply chain,” said Fabian de Armas, CEO of Sustana. “We are steadfast in our commitment to sustainability, and we are thrilled to welcome Hanna, a long-time leader in our industry, to the Sustana family. We look forward to growing together with Hanna and its team as we continue to deliver on our vision of a circular economy.”