Rolland Announces Price Increase for U.S. Market

Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company’s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso’s Russian forest operation which through its harvesting supplies wood to the sawmills. Stora Enso’s assessment is that due to the uncertainties in the Russian market, local ownership and operation can provide a more sustainable long-term solution for these business operations and the employees working there. The transaction is, pending necessary approvals, expected to be concluded within Q2 2022 and will have no material impact on Stora Enso’s annual sales and Operational EBIT. Due to decreased business prospects on these businesses, an impairment loss of EUR 70 million has been recorded in the first quarter result. The additional loss on the transaction under IFRS will be approximately EUR 60 million, consisting mainly of currency translation adjustments to be recorded at the closing date. The expenses are considered as items affecting comparability.

To meet increased demand for its skin care products, Kimberly-Clark Professional has made a multimillion-dollar investment to expand production and strengthen its North American supply chain. This investment will increase bottling capacity by 275% for Kleenex® and Scott® soaps and sanitizers to grow the skin care category and better meet the needs of its customers. “We know that customers depend on our skin care solutions to keep their workplaces hygienic,” said Susan Gambardella, President, Kimberly-Clark Professional North America. “Never was this more important than since 2020, when hand hygiene demand soared virtually overnight.”

SCA decided to discontinue the production of publication paper and to invest SEK 1,45bn in the production of chemically pre-treated thermo-mechanical pulp (CTMP) at the Ortviken industrial site in Sundsvall. The decision has been preceded by consultations with employee representatives. The proposed restructuring plan for Ortviken paper mill was announced on August 26. Following the conclusion of negotiations with employee representatives regarding the closure of publication paper production, consultations will now commence regarding the consequences of this closure for the employees. Approximately 800 employees are affected, most of whom are located at the Ortviken paper mill.