Sun Chemical to Increase Prices in North America of Silicone-Based Products

Key highlights Q1 *Organic* and currency-neutral sales growth of 6% *Market-related downtime in several mills due to customers’ destocking and expectations of weaker market conditions *Prices increased for liquid board and speciality paper, were stable for graphic paper and cartonboard, and decreased for other product categories *All-time high input costs. Quarterly data Q1 *Net sales increased by 55% to SEK 11,495 million (7,397), whereof Billerud North America accounted for SEK 3,311 million (–) *Operating profit was SEK 806 million (1,189) *Net profit was SEK 639 million (884)

Sappi announces the closure of Paper Machine 2 at its Stockstadt Mill in Germany as well as Paper Machine 9 and the energy complex at its Westbrook Mill in the USA. Following an exhaustive consultation process an agreement was reached with mill employee representatives to permanently close PM2, which has a Coated Woodfree paper production capacity of 240 000 tons per annum. Stockstadt will now focus on its strong and growing uncoated woodfree offering. Approximately 170 employees will leave the company with production expected to cease on 30 September 2020. After a period of review, Sappi North America has decided to permanently shut PM9 and the majority of the energy complex at its Westbrook Mill in the State of Maine. Approximately 75 employees will be impacted. The impacted assets are expected to close by end of calendar year 2020.

HEINZEL GROUP is proud to announce a record-breaking year in 2022, achieving the highest turnover and the best earnings in the company's history. At the same time HEINZEL GROUP reduced its CO2 emissions substantially, in line with its climate targets and sustainability strategy. In the face of multiple crises in 2022, including the Ukraine crisis, the European energy crisis, and the steep general cost increases, HEINZEL GROUP showed resilience and responded flexibly to market changes. An all-time high in terms of pulp and paper prices contributed to an increase of HEINZEL GROUP's net sales by 36.6% to €2,777.4 million in 2022. In total, HEINZEL GROUP generated an EBITDA of €287.5 million, an increase of 46.8%, while lowering CO2 emissions (Scope 1&2) by 14.9% to 535,333 tons.