World Trade Organization reviewing US softwood lumber duties

Sustana, an innovator of clean materials and the industry-leading producer of sustainable, recycled fiber-based products and services, today announced the appointment of Nathan Jeppson as Chief Executive Officer, succeeding Fabian de Armas. Mr. Jeppson brings more than 20 years of leadership experience driving growth and innovation at premier manufacturing, industrials, and materials businesses, including global roles at Shell Chemical LP and Dow (NYSE: DOW). “Sustana is leading the way in producing sustainable, high-quality, fiber-based materials while minimizing waste, preserving natural resources, and protecting biodiversity. I am deeply energized by the growth opportunity ahead as businesses increasingly embrace sustainability and responsible supply chain management,” said Mr. Jeppson. “The company has experienced meaningful growth under Fabian’s leadership, and I am excited to work alongside the team at Sustana to drive the company’s next stage of growth.”

KPLP Q2 2022 Business and Financial Highlights • Revenue was $397.5 million in Q2 2022 compared to $339.3 million in Q2 2021, an increase of $58.2 million or 17.1%. • Net loss was $35.5 million in Q2 2022 compared to net income of $2.2 million in Q2 2021, a decrease of $37.7 million. “We delivered another strong quarter of double-digit revenue growth in Q2 2022, but the depth, breadth and speed of inflation severely impacted our operating results and lowered profitability,” stated KP Tissue’s Chief Executive Officer, Dino Bianco. “We expect a partial recovery in the third quarter as successive pricing increases begin catching up with the inflationary curve, productivity gains are felt at our Memphis operations, and extensive cost management initiatives take effect. By the end of the fourth quarter, we anticipate a full recovery based on peaked pulp prices and reduced freight rates along with additional pricing adjustments. Consequently, we are highly confident about returning to a normalized margin in the near term.”

FPInnovations is a private not-for-profit R&D organization that specializes in the creation of solutions that accelerate the growth of the Canadian forest sector and its affiliated industries to enhance their global competitiveness. It is ideally positioned to perform state-of-the-art research, develop advanced technologies, and deliver innovative solutions to complex problems for every area of the sector’s value chain, from forest operations to consumer and industrial products. Their expertise spans the pulp and paper industry, forest operations, wood products, and bio-sourced products sectors. With the forest industry at heart, their mission is to accelerate forest sector growth and transformation and enhance forest sector competitiveness. They hold their core values in high regard: Innovation, Agility, Collaboration, and Integrity.