Price Increase Announcement – Select HP Large Format Supplies

Effective with shipments May 21, 2018, Boise Paper will raise prices by USD 6% on private label and branded office papers, printing papers, and converting papers. • X-9® • ASPEN® • Boise POLARIS® • FIREWORX® • Essential Copy®, Essential 30®, and Essential Bright® • Boise® Copy • Xerographic Paper (rolls and sheets) • Boise® Offset • Boise® ASPEN® Offset • Boise® Opaque • Boise® White Wove Envelope • Boise® ASPEN® Wove Envelope • Boise® FIREWORX® Wove Envelope • Boise® Kraft Envelope • Ledger • Index • All other converting products • All corresponding private label products. All minimums, up-charges and shipping policies remain unchanged.

Stora Enso’s pilot facility for producing bio-based carbon materials from lignin has started operations. This follows the company’s EUR 10 million investment announced in 2019. Pilot production of Lignode® by Stora Enso, wood-based carbon for batteries, is currently being ramped up. Applications include electric vehicles and consumer electronics as well as large-scale energy storage systems. The global battery market is projected to grow tenfold over the next decade as battery producers seek more sustainable materials for the electrification of mobility. Since sustainability is becoming a top priority for the automotive industry, car manufacturers and battery producers are focusing heavily on reducing carbon emissions in electric cars. Today, fossil-based carbon is used in the anodes of rechargeable batteries. By converting lignin separated from wood into carbon-based anode materials, the synthetic and non-renewable graphite material can be replaced.

ANDRITZ supplied energy-efficient and environmentally leading technology for UPM’s largest investment to date. With a capacity to produce 2.1 million tons of eucalyptus pulp per year, the mill is the biggest in Uruguay and the world’s biggest single line mill in operation. It will also contribute around 1 TWh of surplus green electricity per year to the Uruguayan power supply. UPM will use the pulp from the Paso de los Toros mill to meet the rising demand of existing customers, particularly in China, but also to target new markets. Having successfully established itself as a reliable pulp supplier in the Asia-Pacific region and in Europe during the last decade, UPM is now using this experience, as well as the increased capacity, to develop the North American market.