Tronox Reports Fourth Quarter and Full Year 2022 Financial Results

Shareholders representing 98% of the owners in Bergvik Skog AB, a Swedish forest holding company, have agreed to initiate discussions, based on a non-binding letter of intent, aiming at structural changes in Bergvik Skog Group. These shareholders are Stora Enso, Länsförsäkringar, FAM, BillerudKorsnäs, Kåpan Pension, Tredje AP-fonden, Persson Invest, Karl Hedin AB and Tham Invest. “The wood supply agreement with Bergvik Skog, established 15 years ago, expires next year. Together with our partners, we have had a successful journey which now comes to an end. The planned transaction is a natural next step for us, as we strongly believe in the bioeconomy and want to secure our competitive raw material supply in the long term. We will seek support from the remaining 2% outstanding shareholders as well as all other relevant stakeholders”, says Karl-Henrik Sundström, CEO of Stora Enso. Bergvik Skog’s Swedish forest assets are owned by its subsidiaries Bergvik Väst AB and Bergvik Öst AB, representing approximately 83% and 17% respectively. Click Read More below for additional information.

The increase will be valid for deliveries ex mill from May 1st, 2018 onwards. The costs for carbonless paper in reels and sheets continue to rise. Prices for pulp, chemicals, especially for leuco dyes, result in considerably higher production costs. It is therefore inevitable to increase sales prices globally for carbonless paper as well. The increase will be 6 - 8% and be valid for deliveries from May 1st onwards.

The company will continue to successfully manage a broad portfolio of attractive niche businesses, supported by a tailored operating model. Effective as of July 1, 2022, the Group will serve five growing and distinctive end markets, also forming the basis for five divisions, allowing for significant organic and inorganic growth. The divisions will be supported by global functions and centers of excellence for scale, synergies, and excellence. The five end-markets and corresponding divisions are: Filtration – Mission-critical air and liquid filtration applications. Food & Consumer Packaging – Solutions for improved food safety, product preservation, and bacteria prevention, helping extend product life and protect human health. Healthcare – Technologies serving essential societal uses in medical, laboratory, and life science settings including diagnostics, bioprocessing, and medical performance barriers. Building Materials – Highly engineered building material applications for every face of the building. Market growth is driven by urbanization and increasing demand for sustainable building materials. Technical Materials – Highly technical applications including protective materials such as insulation, precision coating, tape, and others.