Sugar pulp can be applied as a sustainable substitute for wood fibre to produce paper on an industrial scale. Crown Van Gelder recently signed a Letter of Intent with Cosun Beet Company for the joint development of innovative solutions for sustainable paper and packaging materials.
https://www.cvg.nl/en/news/sustainable-paper-and-packaging-sugar-beets
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The current market environment is characterised by very high production costs, in particular energy costs, and weaker demand primarily due to destocking in the value chain. Therefore, Lecta has decided to take temporary downtime at several of its paper mills. Downtime will be scheduled in such a way that high service levels for customers will be maintained. The company remains confident in its financial outlook for Q4.
HIGHLIGHTS • Pulp sales of 2,673 thousand tons (+6% vs. 3Q20). • Paper sales of 336 thousand tons (+5% vs. 3Q20). • Average net pulp price in export market: US$654/ton (+43% vs. 3Q20). • Average net paper price4 of R$4,937/ton (+21% vs. 3Q20). • Pulp cash cost ex-downtime of R$711/ton (+19% vs. 3Q20). • Leverage down to 2.7 times in USD and 2.8 times in BRL.
Total European shipments of graphic papers in September 2022 were down 11.0% vs. September 2021 and were down 10.6% year-to-date. Total European shipments of newsprint in September 2022 were down 4.9% vs. September 2021 and were down 7.2% year-to-date. Total European shipments of sc-magazine in September 2022 were down 17.1% vs. September 2021 and were down 14.5% year-to-date. Total European shipments of coated mechanical reels in September 2022 were down 13.2% vs. September 2021 and were down 19.5% year-to-date. Total European shipments of uncoated mechanical (improved & others) in September 2022 were down 11.5% vs. September 2021 and were down 13.5% year-to-date. Total European shipments of coated woodfree in September 2022 were down 11.9% vs. September 2021 and were down 2.3% year-to-date. Total European shipments of uncoated woodfree in September 2022 were down 10.4% vs. September 2021 and were down 10.2% year-to-date.