Rolland Announces Price Increase for U.S. Market

Oslo Byfogdembete (Oslo Bankruptcy Court) has on 19 December and 20 December 2017, appointed lawyer Tom Hugo Ottesen as bankruptcy trustee for the following companies: Norske Skogindustrier ASA Norske Treindustrier AS Norske Skog Holding AS Lysaker Invest AS Norske Skog Eiendom AS. In addition to the bankruptcy filing of Norske Skogindustrier ASA on 19 December 2017, the board of directors of Norske Treindustrier AS, Lysaker Invest AS, Norske Skog Eiendom AS and Norske Skog Holding AS have filed for bankruptcy at Oslo Byfogdembete (Oslo bankruptcy court) today, Wednesday 20 December 2017. The deadline for claims to the bankruptcy trustee is set to 23 January 2018. See the enclosed court order from Oslo Byfogdembete. Questions concerning the bankruptcy process and the bankruptcy estate must be addressed to the trustee.

Forest Products Association of Canada (FPAC) appeared before the House of Commons Standing Committee on Natural Resources to speak with Members of Parliament about how government can work with forest sector workers and communities to advance economic recovery and help grow a lower carbon economy for tomorrow. FPAC’s remarks outlined several potential solutions to stimulate the economy, including advancing over 140 shovel ready projects worth over $1.5 billion that can lower Canada’s carbon footprint, increase competitiveness on the global stage, and sustain and grow forestry jobs here at home. FPAC also shared several ideas to secure a sustainable working forest for workers, contractors, and communities, and to improve market access opportunities for Canadian wood-based products and bio-products with customers in Canada and around the world.

Georgia-Pacific LLC announced today that it has reached an agreement to sell its pine chemicals business to Ingevity for $315 million, including certain pine chemicals-related assets at the Crossett, Arkansas plant. The acquisition is subject to regulatory clearance and Ingevity and Georgia-Pacific expect to close on the transaction in late 2017. Separately, Ingevity will enter into several contract manufacturing arrangements for oilfield and mining products currently produced at other Georgia-Pacific facilities. The parties will also separately enter into a 20-year, market-based crude tall oil (CTO) supply contract. Click Read More below for additional detail.