Sappi awarded highest sustainability level by EcoVadis for six consecutive years

U.S. purchases of total printing-writing papers increased nine percent in January compared to the same month last year. Total U.S. printing-writing paper inventory levels increased one percent in January 2022 when compared to December 2021. *Uncoated free sheet (UFS) paper shipments decreased three percent compared to January 2021 while the inventory level increased two percent compared to December 2021. UFS imports and exports both decreased compared to December 2020, down eight percent and 13 percent respectively. *U.S. purchases of coated free sheet (CFS) papers in January increased 29 percent compared to last January while the inventory level remained essentially flat (+0.4 percent) compared to December 2021. CFS imports increased 58 percent while exports decreased eight percent in December 2021. *Coated mechanical (CM) paper shipments increased nine percent compared to January 2021 while the inventory level decreased six percent compared to December 2021. CM imports increased 24 percent while exports decreased 20 percent in December 2021. *U.S. purchases of uncoated mechanical (UM) papers in January increased eight percent compared to last January while the inventory level increased six percent compared to December 2021. UM imports and exports both increased compared to December 2020, up 21 percent and 18 percent respectively.

Appleton Coated today said that it has filed a voluntary state Chapter 128 petition for receivership to allow the company’s operations to continue under the supervision of a court-appointed receiver named by the Outagamie County Circuit Court. Company officials said the petition and appointment of a receiver will allow the company to continue operations under the direction of the receiver, who will lead a process aimed at selling the company’s assets to a buyer who will continue operations. “Despite the best efforts of our employees and ownership group and the introduction of new products, this step is the best option at this point,” said Doug Osterberg, Appleton Coated’s president and chief executive officer. “While the company has made significant progress in diversifying its product offerings and entering new markets, the overall business climate is very challenging, and operating under a state court-appointed receiver is the best route to transition the business to sustained profitability.” He said the company’s bank has agreed to fund operations during the receivership and that the business will continue to operate during the transition. He added the company will be able to pay salary and wages and fund benefits for current employees. Click Read More below for additional detail.

Ahlstrom-Munksjö has entered into an agreement to acquire MD Papéis’ Caieiras specialty paper mill in Brazil of the Formitex Group, an industrial conglomerate active in the paper, chemicals and panel board industries. Ahlstrom-Munksjö has entered into an agreement to acquire MD Papéis’ Caieiras specialty paper mill in Brazil of the Formitex Group, an industrial conglomerate active in the paper, chemicals and panel board industries. Click Read More below for additional information.