Twin Rivers Announces Price Increase on Specialty Products

Today the Norway’s Prime minister Jonas Gahr Støre and the Minister of Trade and Industry Jan Christian Vestre visited Viken Skog’s Follum mill in Hønefoss. The plan of BillerudKorsnäs and the Norwegian forest owner group Viken Skog to establish production of bleached chemi-thermomechanical pulp (BCTMP) in Norway attracts large interest. Through a long-term partnership with Viken Skog, BillerudKorsnäs will secure both tailormade BCTMP and wood supply supporting the strategy for sustainable and profitable growth in paperboard. The Follum mill already has much of the infrastructure needed to establish such a production line and is in an area with competitive and sustainable wood supply and good transports to BillerudKorsnäs’ board mills. The ongoing feasibility study is expected to be completed during the first half of 2023. BillerudKorsnäs strategy has a clear goal - to deliver sustainable growth in packaging materials. To get the opportunity to develop the new mill in Follum as a state of the art sustainable operation is in line with our strategy. We aim for negative CO2 footprint in production with bio gas and carbon capture, says Christoph Michalski, President and CEO at BillerudKorsnäs.

Resolute Forest Products Inc. reported net income of $268 million for the quarter ended June 30, compared to net income of $6 million in the same period in 2020. Sales were $1,140 million in the quarter, an increase of $528 million from the year-ago period. Excluding special items, the company reported net income of $300 million, or $3.74 per diluted share, compared to a net loss of $22 million, or $0.25 per share, in the second quarter of 2020. The company reported operating income of $406 million in the second quarter, compared to operating income of $6 million in the second quarter of 2020. The improvement reflects higher selling prices ($500 million) in the wood products, pulp and paper segments, offset by the stronger Canadian dollar ($39 million), higher fiber costs ($27 million), and maintenance ($14 million). At $445 million, adjusted EBITDA in the second quarter was $408 million higher than the second quarter of 2020.

Cascades Inc. announces that it will progressively and permanently close tissue production and converting operations at its Ransom and Pittston plants, located in Pennsylvania, between December 7 and January 31st of 2021. The two paper machines at the Ransom plant have a total annual production capacity of 50,000 short tonnes of tissue paper. Currently, the conversion of this volume into 6 million cases of product occurs primarily at the Pittston plant. These volumes will be moved to other Cascades plants and filled with additional capacity. The two sites employ a total of 229 workers. "The aging equipment of these facilities, the low profitability, the high logistic costs and our recently announced investments in other production and converting units in the U.S. have prompted us to move production to our other sites to optimize operational efficiency." said Jean-David Tardif, President and Chief Operating Officer of Cascades Tissue Group.