UPM concluded the sale of its hydro power facilities in Steyrermühl to Energie AG

Sylvamo is announcing it reached an agreement and completed the sale of its Russian operations to Pulp Invest Limited Liability Company for $420 million. After foreign currency exchange rates and transaction fees, Sylvamo received approximately $390 million in cash proceeds. "We made a principle-based decision to exit Russia and believe Pulp Invest is the best option for our Russian colleagues and assets," said Jean-Michel Ribiéras, chairman and chief executive officer. "We intend to use $325 million of the proceeds to repay debt."

Total European shipments of graphic papers in December 2017 were down 3.4% vs. December 2016 and were down 1.1% year-to-date. Total European shipments of newsprint in December 2017 were down 7.0% vs. December 2016 and were down 3.6% year-to-date. Total European shipments of sc-magazine in December 2017 were down 12.4% vs. December 2016 and were down 2.0% year-to-date. Total European shipments of coated mechanical reels in December 2017 were UP 4.9% vs. December 2016 and were down 0.3% year-to-date. Click Read More below for additional information.

Solenis and Kolb Distribution Ltd. have announced that Solenis has entered into a definitive agreement to acquire the latter’s paper process chemicals business. The deal includes a long-term supply agreement, in which the KLK Kolb Group will manufacture paper process chemicals exclusively for Solenis. KLK Kolb Group offers a broad portfolio of paper process chemicals, including deposit control, cleaning and foam control agents primarily for the EMEA pulp and paper markets. Its wide range of manufacturing process technologies, including alkoxylation, esterification and dispersion, enables KLK Kolb Group to offer a broad range of products, as well as offer customized solutions for its customers.