Rayonier Advanced Materials Announces $146 (€133) Per Ton Cost Surcharge

Resolute Forest Products plans to put up a new distribution center at its Calhoun, Tenn., production site as the company grows its tissue business. The 300,000-square-foot distribution center under construction will provide storage for tissue products made at the mill, said Debbie Johnston, the company's director of U.S. public affairs. The goods later will be shipped to Resolute's retail customers, she said. Johnston said the center, slated for completion in August, will employ more than 30 people. She said construction of the center is the latest phase of $400 million Resolute is spending when it announced it was entering the tissue market in 2015. Click Read More below for additional information.

As part of its continued focus on global sustainability leadership, Ahlstrom-Munksjöhas initiated its ‘from Plastic to Purpose’ campaign, highlighting first its new brand of CelluSnack™ snack packaging papers. “Our ‘from Plastic to Purpose’ campaign aims at raising awareness around the world regarding the possibility of fiber-based solutions as a renewable packaging option,” said Robyn Buss, Executive Vice President of Ahlstrom-Munksjö’s Food Packaging & Technical Solutions Business Area. “Consumers and brand owners are demanding more sustainable solutions that reduce their impact on the environment and also have a positive end-of-life story – anywhere from compostability and biodegradation to recyclability. By promoting the story of ‘from Plastic to Purpose’ we are encouraging food and industrial packaging producers globally to consider fiber and paper-based solutions as they innovate products for their customers.”

For the first six months of 2022, Clearwater Paper reported net sales of $1 billion, a 22% increase compared to net sales of $832 million for the first six months of 2021. Net income for the first six months of 2022 was $31 million, or $1.83 per diluted share, compared to net loss for the first six months of 2021 of $40 million, or $2.37 per diluted share. On a non-GAAP basis, Clearwater Paper reported adjusted net income in the first six months of 2022 of $36 million, or $2.13 per diluted share, compared to first six months of 2021 adjusted net loss of $6 million, or $0.37 per diluted share. Adjusted EBITDA for the first six months was $122 million, compared to the first six months of 2021 Adjusted EBITDA of $69 million. Net sales in the Pulp and Paperboard Products segment were $562 million for the first six months of 2022, up 26% compared to net sales of $447 million in the first six months of 2021. Segment operating income for the first six months of 2022 was $102 million, compared to $38 million for the first six months of 2021.