Resolute Forest products Announces Price Increase on UFR Products

We are pleased to announce that 30-year paper and packaging veteran Tony Mollica joined Twin Rivers as our new Chief Executive Officer. He brings to the company a unique blend of sales, operations, and leadership experience that will accelerate our strategic transformation to becoming the market-leading manufacturer of specialty packaging, technical, label, and publishing papers. Tony replaces Tim Lowe, who will return to his role on the Board of Directors after acting as Interim CEO.

Total printing-writing paper shipments decreased four percent in April compared to April 2017. Total printing-writing paper inventory levels decreased less than one-half of one percent from March. Imports of printing-writing papers decreased less than one-half of one percent compared to March 2017 imports, while exports remained flat compared to March 2018. •Uncoated free sheet (UFS) paper shipments in April 2018 increased year-over-year, the third increase in four months. Imports of UFS decreased 22 percent year-over-year in March – the tenth consecutive decrease of 12 percent or more. Exports of UFS papers increased 25 percent in March compared to March 2017. •Shipments of uncoated mechanical (UM) papers decreased year-over-year in April 2018 by more than 20 percent. Imports of UM decreased one percent year-over-year in March. Exports of UM decreased 45 percent year-over-year in March. •Shipments of coated free sheet (CFS) paper and coated mechanical (CM) papers in April both declined year-over-year for the eleventh consecutive month. Imports of CM papers increased 33 percent compared to March 2017, partly on the strength of a 47 percent year-over-year increase in CM imports from Canada.

RISI, the leading information provider for the global forest products industry, today announced that Steve Voorhees, Chief Executive Officer of WestRock, a leading provider of differentiated paper and packaging solutions, has been named the 2018 North American CEO of the Year. The award will be presented to Steve Voorhees at the North American Conference on October 11, 2018 in San Francisco, California at the Parc 55 Hotel. Click Read More below for additional information.