UPM Raflatac’s Pressure Sensitive Labels Earn First-ever APR Certification for Recyclability on Natural HDPE

For the third quarter of 2020, Clearwater Paper reported net sales of $457 million, a 3% increase compared to net sales of $445 million for the third quarter of 2019. Net income for the third quarter of 2020 was $21 million, or $1.28 per diluted share, compared to net loss for the third quarter of 2019 of $11 million, or $0.66 per diluted share. For the first nine months of 2020, Clearwater Paper reported net sales of $1.4 billion, a 7% increase compared to net sales of $1.3 billion for the first nine months of 2019. Net income for the first nine months of 2020 was $55 million, or $3.27 per diluted share, compared to net loss for the first nine months of 2019 of $8 million, or $0.46 per diluted share.

Domtar’s commitment to literacy drives our investments in community libraries across Canada and the United States. We recognize the integral connection between paper and learning, as well as the unique role of local libraries. As part of our 175th anniversary celebration, we made one of the largest community investments in our history to support the construction of a new community library in Windsor, Quebec, home to our Windsor Mill. Domtar committed $225,000 to support the project, which will relocate the Patrick Dignan Library to a new building that will offer more space and improved accessibility. “Domtar’s partnership with the library project is a natural fit. In addition to being a mobilizing and inclusive project for the entire community, it is directly linked to our product, paper,” says Sylvain Bricault, general manager of the Windsor Mill.

Funds managed by Oceanwood Capital Management and Aker Capital AS, a wholly owned subsidiary of Aker ASA, have today issued a joint press release stating the intention to form a new company (Bidco), which will bid in an auction process to ensure that there is a strong new owner of Norske Skog's paper mills. The board of directors of Norske Skogindustrier ASA is pleased that Aker, with its strong industrial knowledge and financial expertise, has taken a role together with Oceanwood in the recapitalization of the Norske Skog group. The board of directors of Norske Skogindustrier ASA will continue to safeguard the interest of all its stakeholders through the recapitalization process. As part thereof, the Norske Skog group's seven paper mills will continue as normal, and our customers, suppliers and other business partners will continue to receive high quality products and the best service from Norske Skog without interruption through the remainder of the recapitalization process. Click Read More below for additional information.