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

Rayonier Advanced Materials Inc. and Tembec Inc. announced that they have entered into an amendment to the arrangement agreement under which Rayonier Advanced Materials has agreed to acquire Tembec for an increased consideration valued at C$4.75 per Tembec share. The revised terms were unanimously approved by the boards of directors of both companies. Under the Amended Arrangement Agreement, Tembec shareholders will have the right to elect to receive either C$4.75 in cash or 0.2542 shares of Rayonier Advanced Materials common stock per Tembec common share, subject to proration so that approximately 67% of the aggregate consideration is paid in cash and approximately 33% is paid in Rayonier Advanced Materials common stock. The increased consideration represents a 17% increase in value offered for the shares compared to the initial terms and a premium of 61% to the closing price of Tembec’s shares on May 24, 2017, the day immediately before the initial announcement concerning the Arrangement. Click Read More below for additional detail.

Norske Skog has completed a transaction for the sale of the Tasman mill industrial site and remaining mill assets to the Australasian pulp, paper, and packaging group Oji Fibre Solutions for approximately NOK 70 million (NZD 10.9 million). The sale of the mill site and realisation of certain other related assets, including buildings, electricity equipment, piping, water, and other infrastructure, will generate a total financial gain on sale of approximately NOK 57 million (NZD 8.8 million). “We are pleased to finally have concluded this sales agreement with Oji after lengthy process of negotiations and obtaining all required regulatory approvals for the sale. The sale of the Tasman industrial site to Oji is a material steps towards concluding Norske Skog’s long-term business commitment in New Zealand,” commented Geir Drangsland, President and CEO of Norske Skog.

Mondi is paving the way to become one of the leading suppliers of premium recycled paper with its established brand NAUTILUS®. Over the past few months, the business has initiated several steps to meet increasing demand for premium recycled paper and goes to the heart of Mondi's approach to sustainability. In 2020, Mondi launched three new members of the NAUTILUS® family, NAUTILUS® ProCycle, NAUTILUS® ProCycle high-speed inkjet and NAUTILUS® SuperWhite for HP Indigo. *NAUTILUS® ProCycle is a 100% recycled office paper meeting the highest environmental standards. It is CO2 neutral and offers EU Ecolabel, FSCTM and Blue Angel certification. The paper has a high degree of whiteness (UV 100 / CIE whiteness 135), which is achieved without using optical brighteners in the production process. Therefore, NAUTILUS® ProCycle is currently the only recycled paper on the market that is produced in line with the new standards of the Blue Angel ecolabel. It is available in 80 g/m² A4 and A3 sizes. *NAUTILUS® ProCycle high-speed inkjet is especially tailored to high-speed inkjet printing presses. It is available in reels of 80 and 90 g/m2. Its special surface treatment for dye and pigment inks retains ink on the paper surface for crisper colours with lower ink consumption. Additionally, it is optimised for quick water absorption, fast drying, no offsetting and, consequently, increased productivity. *NAUTILUS® SuperWhite for HP Indigo is the ideal sustainable alternative to bright white paper made from virgin fibre as it is produced entirely from post-consumer waste paper and with a CIE whiteness level of 150. The entire range, from 80 to 350 gsm, is certified for HP Indigo presses, which is ideal for runnability, blanket compatibility and ElectroInk adhesion.