Solenis to Increase Prices Across All Product Lines in the Americas

Conciliator Leo Suomaa has submitted a proposal for a settlement in the collective labour agreement negotiations between UPM Pulp and the Paperworkers’ Union. The conciliator has asked the parties to state their position on the proposal by 14 April 2022 at 10:00 EET. In the meanwhile, the conciliator will continue the conciliation with the Union and with UPM’s other businesses. Paperworkers’ Union has now also agreed that all business can run the negotiations parallel instead of having them one by one. "I am pleased that the negotiations have reached a point where the conciliator has seen it possible to submit a proposal for a settlement. I am hopeful that the agreement will be reached, and I hope we get to start the mills as soon as possible," says Juha Kääriäinen, Vice President, Finland Pulp Operations at UPM Pulp, the chief negotiator for UPM Pulp.

Second Quarter 2022 Financial Highlights: *Produced revenue of $945 million, an increase of 2% compared to the prior year, driven by higher revenue from TiO2 *Generated income from operations of $190 million and net income of $375 million, inclusive of a reversal of a portion of the valuation allowance in Australia relating to deferred tax assets resulting in a non-cash benefit of $262 million *Achieved GAAP diluted EPS of $2.37; adjusted diluted EPS of $0.84 (non-GAAP) primarily due to the exclusion of the Australian valuation allowance reversal of $1.65 *Invested $99 million in capital expenditures, primarily in our newTRON and vertical integration initiatives *Repurchased $25 million or approximately 1.5 million shares during the second quarter; total share repurchases of $50 million year-to-date

Nekoosa, comprised of Nekoosa Coated Products, RTape Corp, and CET Films, announced today the acquisition of Catalina Graphic Films, effective as of March 1, 2018. Catalina Graphic Films, headquartered in Calabasas, CA with manufacturing facilities in Chicago, IL and Las Vegas, NV, is a leading manufacturer of pressure sensitive products used primarily for printed retail point of purchase advertising and promotion. Nekoosa is making the acquisition to support expanded manufacturing capability, product portfolio expansion, and a national manufacturing footprint. “Nekoosa is proud to combine its 50 year legacy with the equal 50 year family legacy of Catalina Graphic Films, and create a truly special business that can service our customers with an incredibly broad portfolio of products, services, and capabilities,” said Paul Charapata, CEO of Nekoosa. Click Read More below for additional information.