SCA to increase kraftliner prices by €50 per tonne

FULL-YEAR AND FOURTH QUARTER 2022 HIGHLIGHTS *Full-year 2022 net earnings (loss) attributable to International Paper of $1.5 billion ($4.10 per diluted share) compared with $1.8 billion ($4.47 per diluted share) for full-year 2021 *Full-year 2022 adjusted operating earnings* (non-GAAP) of $1.2 billion ($3.18 per diluted share) compared with $944 million ($2.41 per diluted share) for full-year 2021 *Fourth quarter net earnings (loss) attributable to International Paper of $(318) million ($(0.90) per diluted share) including a $533 million non-cash impairment of our Ilim joint venture investment; Fourth quarter adjusted operating earnings* *9% full-year revenue growth; 24% full-year operating earnings growth *Building a Better IP initiatives delivered $250 million of earnings benefit in 2022, including $75 million in fourth quarter *$2.2 billion of full-year 2022 cash provided by operations, including $761 million of cash provided in fourth quarter

Smurfit Kappa has invested USD23.5 million to upgrade its Nuevo Laredo sheet plant in Mexico to become a fully integrated corrugated plant. The investment includes a state-of-the-art corrugator and extension of the building. The new machine, which began operating last week, will have the two-pronged benefits of reducing CO2 emissions by up to 40% and doubling production capacity. The Nuevo Laredo plant is located in the Tamaulipas region in Northeastern Mexico where Smurfit Kappa has strong partnerships in the industrial, electrical appliances and electronics sectors. The region represents 3.3% of the country’s GDP and is home to over 200 companies which manufacture products for the US. The increased capacity will streamline Smurfit Kappa’s operations in San Antonio, Texas where a fast-growing appetite for sustainable packaging is demanding larger production volumes.

Carlisle Container Company, a corrugated packaging converter founded in 1965, will significantly decrease turnaround times and boost efficiency with the acquisition of an EFI™ Nozomi 14000 LED single-pass inkjet corrugated packaging press from Electronics For Imaging, Inc. The business will install the new press in a facility adjacent to its main plant scheduled to open in early 2023. The Nozomi 14000 LED press is an important next step toward growth for a packaging company that has long appreciated the impact digital can have. “We implemented digital printing in the early days, acquiring our first VUTEk® printer in 2004,” said Carlisle Container CEO Diane Wolf. “Back then, we could print eight to ten 4x8-foot sheets per hour, and over time we updated technology to continue increasing throughput and quality. The Nozomi was the next logical move for us, and it will be a game changer.”