Paper Excellence Canada Voted One Of Corporate Knights’ Best 50 Corporate Citizens

"We saw increasing earnings and operating margins in the second quarter after a successful first quarter. We are also raising our adjusted EBITDA and free cash flow full-year guidance based on our first half of the year performance and our second half outlook," said Jean-Michel Ribiéras. "We remain committed to reducing debt, investing in high-return projects and returning cash to shareowners as we continue delivering on our investment thesis." Second Quarter Highlights *Net income from continuing operations of $84 million ($1.89 per diluted share) compared with $55 million ($1.25 per diluted share) in the first quarter of 2022 *Repaid $48 million of debt, achieving a gross debt-to-adjusted EBITDA ratio of 2.2x. Second Quarter Commercial and Operational Highlights *Price and mix improved by $73 million versus the prior quarter, mainly due to prior price increases implemented in all regions *Operations improved by $2 million and total planned maintenance outage expenses rose by $17 million in North America *Input costs grew by $16 million versus the prior quarter, reflecting higher chemical, energy, fiber and transportation costs.

Kotkamills, a manufacturer of food service board, has signed a Collaboration agreement with Lahti Ski Games. Food and Beverages at the World Cup event will be served in cups, plates and trays made from Kotkamills' food-safe, eco-friendly, fully recyclable and compostable board Kotkamills has previously signed Collaboration agreements emphasizing Sustainability with the Norwich City and HJK football clubs, the KooKoo ice hockey club, and the World Cup Levi of alpine skiing. “Sustainability is an inherent value for both Collaboration parties. We are pleased that the event organizers have wanted to replace the traditional products with new, eco-friendly alternatives , ”says Markku Hämäläinen , CEO of Kotkamills.

Mactac®, a LINTEC Company, is acquiring Label Supply, headquartered in Ontario, Canada. Label Supply has been servicing the Canadian roll label market for more than three decades. The acquisition is expected to close June 1, 2023, and consists of an established, turnkey facility with 11 finishing assets, a comprehensive transportation/shipping fleet, robust laboratory and technical resource group, and an in-house ink partner. With the added support of Mactac, Label Supply benefits from a larger customer base, capital access, information technology, and broad, consistent product supply. The acquisition expands the geographic reach of both companies in the Canadian market, creating a unique service and product offering that provides specialty products, service, and large quantities to more customers throughout Eastern Canada.