Paper Excellence Announces Labour Shortages Impact on Business

The new PrimeLineTAD machine will be supplied with state-of-the-art energy efficient process equipment to meet P&G’s demanding sustainability targets. ANDRITZ and Procter & Gamble have been strong business partners for many years. In 2007, ANDRITZ supplied and started up a TAD tissue/towel machine at Procter and Gamble’s Green Bay, Wisconsin, USA site that fully met P&G’s expectations. This was followed by another TAD tissue/towel machine at Procter and Gamble’s Box Elder facility, which started up successfully in 2011. Procter and Gamble, one of the largest manufacturers of premium consumer bath tissues and paper towels in North America, produces the brands of Charmin, Puffs, and Bounty.

WestRock Company provided the following update on its ransomware incident which was announced on Jan. 25, 2021. WestRock’s security teams, supported by leading cyber defense firms, continue to work on remediation of and recovery from this incident. With some exceptions, the Company’s operations have continued to run and deliver for customers. In locations where technology issues have been identified, we are using alternative methods to process and ship orders. “We are working around the clock to complete our investigation and to restore normalized operations as quickly as possible,” said Steve Voorhees, chief executive officer. “WestRock teams are taking extraordinary steps to keep our mills and converting plants operational and to safely deliver to our customers.”

Financial summary for the quarter and full year • EBITDA excluding special items o For the quarter US$177 million (Q4 FY20 US$82 million) o For the year US$532 million (FY20 US$378 million) • Profit for the period o For the quarter US$35 million (Q4 FY20 loss of US$88 million) o For the year US$13 million (FY20 loss of US$135 million)