SCA increases pulp price to $960

Commensurate with the recent divestiture of the Company’s Engineered Papers business, Mativ Holdings, Inc. announced organizational realignment initiatives that will streamline organizational size and complexity, and leverage business-critical resources to enhance customer support. As a result of these initiatives, the Company expects to achieve an annualized run-rate of $20 million of overhead cost reduction in 2024 and an additional $20 million by the end of 2026, effectively reducing overhead costs by approximately 15% over that timeframe. The first wave of this initiative is primarily driven by workforce reductions and indexed toward senior levels of the organization. The second wave of savings will be unlocked by system integrations, further restructuring, and transactional efficiencies. The 2024 charges associated with these initiatives are estimated to be $15-$20 million, which are expected to be incurred predominantly in the first half of 2024.

The Province of New Brunswick announced its plan regarding sawmills impacted by softwood lumber duties on shipments to the United States. A dedicated effort on this important file is crucial to the survival of New Brunswick’s forest products sector as we know it today. Sawmills are the lifeblood of many rural communities. Hundreds of New Brunswick woodlot owners and wood producers depend on these sawmills. A successful sawmill is the vital source of wood chips to the value chain of products made throughout New Brunswick – from particleboard in St. Stephen to tissue in Dieppe, pulp in Edmundston and paper in Saint John. Thousands of New Brunswick jobs and local suppliers depend on this sector which impacts more communities than any other industry in the province. Maintaining New Brunswick’s historic 35-year exclusion requires the unity and support of all political parties. Click Read More below for additional information.

UPM Raflatac has earned multi-site certification to the first edition of the ISO 45001:2018 Occupational Health and Safety Management System for its ten label stock production facilities. The certification complements UPM Raflatac’s existing certifications to the ISO 9001:2015 Quality Management System and ISO 14001:2015 Environmental Management System standards. DNV, a global assurance and risk management company, awarded the certification on March 9, 2021, after completing a combination of in-person and remote audits in UPM Raflatac facilities worldwide.