Unplanned Shutdown of Rottneros Vallvik Mill has a Negative Impact on Production

Stora Enso’s operational EBIT for the first quarter of 2018 was approximately EUR 369 million. This is well above the earlier guidance for the Q1 2018 operational EBIT. Sales for the first quarter of 2018, amounting to approximately EUR 2 579 million, were similar to the fourth quarter 2017 sales of EUR 2 511 million. The result was better than expected, mainly due to: · The good pricing environment in Paper and Containerboard (Packaging Solutions) · Higher volumes at Consumer Board division’s European mills · Continued strong operational performance. Click Read More below for additional information.

Norske Skog Skogn and Statkraft have entered into a new long-term industrial energy agreement, which together with previous contracts, will secure large parts of the mill's energy supply on competitive terms until 2030. - This agreement will give the Skogn mill stable energy supply at predictable and acceptable prices. The agreement contributes to secure jobs and the long-term competitiveness of Skogn. At the same time, this is important for the forest sector in Central Norway, says Sven Ombudstvedt, CEO of Norske Skog and chairman of Norske Skog Skogn AS.

British Columbia-based Catalyst Paper Corp. projects that a $56 million investment in a tissue-making machine at its Rumford mill would support 62 full-time jobs. The Bangor Daily News reported that Catalyst has applied for a $25 million loan through the Finance Authority of Maine's Major Business Expansion and for $12.7 million in state tax credits or taxpayer cash through the state's New Markets Capital Investment program, to help finance the machine. Catalyst plans to put in $13.9 million of its own money into the project.