Papierfabrik August Koehler SE to increase prices for carbonless paper

Appvion and United Steelworkers Union representatives met Wednesday to begin discussing details of the paper company’s consolidation plan that will eliminate 200 jobs in Appleton. That number represents about one-quarter of Appvion’s local 800-employee workforce, and is part of a larger trend that worries paper industry watchers. Appvion's layoffs were first announced in a Nov. 9 story. It followed the company's filing for Chapter 11 bankruptcy protection in October. “The first layoffs will occur in January and would continue as we transition most of our carbonless coating and converting operations to the Roaring Spring Mill (in Pennsylvania) during 2018," said spokesman Bill Van Den Brandt. "We project that we will complete the transition process in third quarter 2018.” Click Read More below for additional information.

Verso Corporation announced it has received necessary approvals from the Nuclear Regulatory Commission and the Public Service Commission of Wisconsin to complete its previously announced merger with BillerudKorsnäs AB ("BillerudKorsnäs"). Verso has now received all regulatory approvals necessary to complete the merger. The transaction is expected to close on March 31, 2022.

Sawlog prices were up in most regions of the world in the 3Q/17. The price increases from the 2Q/17 were generally smaller in local currencies than in US dollar terms because of the weakening US dollar. In US dollar terms, quarter-to-quarter prices were up the most in Europe (+7.9%) and Oceania (+6.1%), while the upward price adjustments were more modest in North America (+2.8%) and Latin America (+2.2%). The Global Sawlog Price Index (GSPI) has gone up for three consecutive quarters to reach $75.69/m3 in the 3Q/17. The increase of 5.1% from the 2Q/17 was the biggest quarter-to-quarter jump since 2010. In addition, the GSPI is at a three-year high because of the recent strengthening of sawlog prices throughout the world. With the outlook for continued strong demand for lumber in key markets and higher consumption of sawlogs, it is likely that the price index will continue upward in the coming quarters. Click Read More below for additional information.