Paper’s Business Pitch

Rayonier Inc. (NYSE:RYN) today reported fourth quarter net income attributable to Rayonier of $64.2 million, or $0.50 per share, on revenues1 of $239.7 million. This compares to net income attributable…

Our goal is for you to recognize Verso as a customer-centric organization that delivers best-in-class paper and pulp products with the highest level of service. We know that we have opportunities to improve in this area, and are working diligently to develop new initiatives to do just that. One way we believe we can become more customer-focused is by realigning the current structure and leadership of our Sales, Marketing and Supply Chain organization. We’ve determined that the SVP of Sales, Marketing and Supply Chain role can be more effective with three separate leadership positions. The good news is that you are already familiar with the leaders of these positions as outlined below. Aaron Haas will continue to lead the Marketing, Business Development, Product Development and Customer Technical Service organizations as SVP of Marketing and will continue to report to me. John Schultz will continue to lead the Sales organization as SVP of Sales for all product categories and will now report directly to me. Brian Seitz will continue to serve as Director of Supply Chain, which includes Customer Service, Logistics, and Planning, Scheduling and Delivery, under the leadership of David West.

Heinzel Holding GmbH and Paracel S.A. jointly announce that Heinzel has entered into an investment agreement to become the strategic equity investor in Paracel, an afforestation and pulp mill project in Paraguay, South America. Paracel has now received equity commitments from a group of Paraguayan and European business families, with Heinzel's investment completing the needed strategic equity for the project. Heinzel will hold 25% of Paracel's shares at project completion. Paracel is planning to produce 1.8 million metric tons of eucalyptus pulp per year in Concepción in northern Paraguay, with forestry assets of more than 180,000 hectares of land owned by the company. Since the start of the project in late 2018, the pioneering project has passed important milestones: Paracel has already planted more than16,000 hectares of forestry, completed the design of the pulp mill, received the construction permit and completed the required environmental and social impact assessments. It has started significant groundworks on the mill site and kicked off social programs and conservation projects for native forests. As one of the world's major afforestation projects it has also completed documentation for the carbon sequestration effect of planting more than one hundred million trees.