UPM Price Increase Effective July 1, 2018

As a member of the Annual Disaster Giving Program (ADGP), Boise Paper is a corporate leader who makes a difference by pre-investing in the vital work of the American Red Cross. Through a unique partnership, Boise Paper donates a majority of the office paper the Red Cross uses annually, helping reduce a large administrative expense and allowing the Red Cross to invest more funds in critical humanitarian needs. Donations from ADGP members, like Boise Paper, enabled the Red Cross to be among the first responders on the ground, preparing for the large response effort as Hurricane Harvey bore down on Texas and Louisiana. Contributions from ADGP members power the ability of the Red Cross to provide compassionate care to those in need – from providing relief and support to those in crisis, to helping people be prepared to respond in emergencies. Click Read More below for additional detail.

Intense negotiations between UPM and Paperworkers’ Union continue. Today the union announced a three weeks’ extension to the strike at most UPM’s Finnish mills, until 2 April 2022, unless new collective labour agreements are reached before that. The Paperworkers’ Union’s strike at UPM Pulp, UPM Biofuels, UPM Communication Papers, UPM Specialty Papers and UPM Raflatac units in Finland began 1 January 2022. Currently, approximately 200 union members work at the mills in tasks critical to society, such as power plants and water treatment facilities. “In recent weeks the parties have negotiated both in the presence of the National Concialiator as well as in one-on-one negotiations. The parties now are familiar with each other’s objectives, so the negotiators have the chance to bargain and reach business-specific agreements,” says Jyrki Hollmén, Vice President, Labour markets, UPM. “Intense negotiations will continue. We call for rapid progress and spirit of compromise, so we can find satisfactory solutions for all parties and start our mills again. UPM businesses are doing their best to advance an open dialogue between the negotiating parties,” Hollmén concludes.

Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today announced it has completed the previously announced acquisition of Georgia-Pacific’s U.S. nonwovens business for $175 million, subject to customary purchase price adjustments. The transaction includes an airlaid manufacturing operation in Mount Holly, NC along with a nonwovens product development operation in Memphis, Tenn.