Suzano Reports Q2-2023 Results

Pixelle Specialty Solutions LLC has announced plans to restart a paper machine in the Chillicothe, Ohio facility. The company is investing $21 million to upgrade and restart the #24 paper machine (PM24) and plans to hire 52 full-time employees to operate and maintain it. “The current supply-demand balance in the market and our Ohio facility’s competitive, integrated cost structure has afforded us the opportunity to restart paper machine #24 (PM24) at the Chillicothe mill. This rebuilt machine will add 75,000 tons per year of capacity to serve our customers in the food packaging, commercial inkjet and other specialty paper segments. These are growing attractive markets where Pixelle has leading positions,” said Timothy R. Hess, Pixelle’s President and CEO. Several upgrades in the current rebuild will enable Pixelle to produce an attractive product mix for its customers. Pixelle expects the machine to be fully online shipping quality specialty papers in early first quarter 2023.

Neenah, Inc. adds the first of its kind, environmentally forward RECYCOTAPE™ tape backing to its sustainable product offering. Consumers can now recycle shipping or packaging boxes sealed with RECYCOTAPE, as this unique packaging tape backing will break down along with the box during the recycling process. RECYCOTAPE is uniquely made from FSC® certified, sustainably sourced fibers that easily re-pulp and allow coating removal during the recycling process. As a result, these base papers can provide usable fiber to reprocess into new paper. “There is a growing interest in the market for an environmentally friendly alternative to traditional packaging tapes and a viable replacement for plastic-based, non-recyclable tapes used to seal corrugated boxes. RECYCOTAPE is both,” says Chris Boothby, Tape Product Manager for Neenah.

KPLP Q4 2017 Financial Results: Revenue in Q4 2017 was $340.0 million, compared to $339.6 million in Q4 2016, an increase of $0.4 million or 0.1%. The increase in revenue was primarily due to a selling price increase in Canada, offset by lower Consumer sales volume in Canada and the unfavourable impact of foreign exchange on U.S. dollar sales. Net loss in Q4 2017 was $18.0 million, compared to $4.5 million in Q4 2016, primarily due to lower Adjusted EBITDA of $9.2 million, an increase in tax expense of $5.8 million, a decrease in the gain on sale of non-financial assets of $2.5 million and a change in fair value of derivatives of $0.4 million in Q4 2017. These items were partially offset by a decrease in the change in amortized cost of Partnership units liability of $3.3 million and lower depreciation expense of $0.5 million. Click Read More below for additional information.