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Verso Corporation and Sappi North America praised the decision of a World Trade Organization (WTO) dispute settlement panel, which upheld the imposition of antidumping and countervailing duties on imports from Indonesia. The decision, released yesterday, confirms that the U.S. acted consistently with its WTO obligations when it imposed countervailing duties of 17.93 percent and antidumping duties of 20.13 percent. Yesterday's decision means that countervailing duties that were imposed in November 2010 on certain types of coated paper from Indonesia will remain in effect. The Department of Commerce and the International Trade Commission determined in 2016 that the market situation warranted the continuation of the duties for an additional 5-year period. The paper products covered by the petitions include certain types of coated paper that use sheet-fed presses with a GE brightness rating of 80 or higher and weighing up to 340 grams per square meter. The papers are used in commercial printing to create magazines, books, direct mailing, and corporate collateral. Click Read More below for additional information.

JANUARY–DECEMBER 2020 (1–12/2019) *Sales were EUR 5,055 million (5,473). *Operating result was EUR 376 million (374). The comparable operating result was EUR 368 million (495). *The result before taxes was EUR 330 million (316). The comparable result before taxes was EUR 322 million (436). *Comparable return on capital employed was 7.1% (9.6). *Net cash flow from operations was EUR 667 million (485). OCTOBER–DECEMBER 2020 (10–12/2019) *Sales were EUR 1,357 million (1,290). *Operating result was EUR 97 million (32). The comparable operating result was EUR 94 million (76). *The result before taxes was EUR 88 million (18). The comparable result before taxes was EUR 86 million (62). *Comparable return on capital employed was 7.4% (6.1). *Net cash flow from operations was EUR 306 million (232).

American Forest & Paper Association (AF&PA) President and CEO Heidi Brock issued the following statement regarding the Environmental Protection Agency’s (EPA) Boiler Maximum Achievable Control Technology (MACT) proposed rule: “AF&PA is pleased the EPA has moved forward in proposing an achievable Boiler Maximum Achievable Control Technology (MACT) rule. This is the result of more than two decades of work that gives the forest products industry regulatory certainty while encouraging the use of renewable, carbon-neutral fuel. “While limits for several boiler types have become more stringent, we believe they are feasible and affordable. Already, to date, our industry has invested $1 billion in controls to meet Boiler MACT obligations.