Sappi Europe to increase prices for Mechanical Coated paper grades by 4% from April 1st 2018

The American Forest & Paper Association (AF&PA) announced the election of Resolute Forest Products President and CEO Yves Laflamme and Sonoco Products Company President and CEO Robert Tiede to serve on its Board of Directors. The election took place during the June 28 summer board meeting. AF&PA President and CEO Donna Harman issued the following statement, “Yves Laflamme and Robert Tiede bring deep industry experience and valuable leadership to the table as we work to advance the paper and wood products industry’s top advocacy priorities. We are one of the largest manufacturing sectors in the nation – eager to innovate and invest in the future with the help of common sense public policy, including regulatory reform, free and fair trade and efficient transportation measures. Together, we will put our companies’ compelling story and its needs before the administration, Congress and decision makers at the federal and state levels so they can take the action necessary to help us grow the economy and create American manufacturing jobs.” Click Read More below for additional information.

International Paper is proud to announce Sylvamo Corporation as the name of its global papers spinoff, with headquarters planned for Memphis, Tennessee. The name Sylvamo speaks to the company's connection to trees and highlights its role as a steward of sustainable forests. Sylvamo combines the Latin words for forest, "silva," and love, "amo." Company leaders translate this unique combination as "love of forests." Sylvamo, currently a subsidiary of International Paper, will be governed by a nine-member board with eight independent directors. Jean-Michel Ribiéras, senior vice president, Global Papers, will serve as the company's chairman and chief executive officer.

INTERFOR CORPORATION recorded net earnings in Q3’17 of $16.8 million, or $0.24 per share, compared to $24.5 million, or $0.35 per share in Q2’17 and $15.1 million, or $0.22 per share in Q3’16. Adjusted net earnings1 (which takes into account the effects of share-based compensation expense and non-recurring items) in Q3’17 were $20.0 million or $0.29 per share, compared to $28.7 million, or $0.41 per share in Q2’17 and $20.7 million, or $0.30 per share in Q3’16. Adjusted EBITDA1 for Q3’17 was $60.5 million (or $70.0 million excluding the impact from $9.4 million of softwood lumber duties expense), on sales of $489.2 million versus $77.4 million on sales of $511.4 million in Q2’17. Notable items in the quarter included: * Mixed Benchmark Lumber Prices and Stronger Canadian Dollar * Total lumber production was 645 million board feet, or 10 million board feet fewer than the prior quarter. Click Read More below for additional information.