Neenah Introduces conVerd Board® Wipe Clean™ and DigiScape® FootPrint™ Safe and Sustainable Wide Format Solutions for Conducting Business During COVID-19 Neenah expands its wide format portfolio to address significant market demand for safe signage solutions by offering new, innovative solutions with conVerd Board® Wipe Clean™ and DigiScape® FootPrint™. conVerd Board has long been the choice of brands searching for a recyclable alternative for structural signage. Now, Neenah introduces state-of-the-art conVerd Board Wipe Clean, the only 100% paper-based, fully recyclable product on the market with a wipeable, printable surface. It cleans with soap and water, protects with disinfectants, or with a dilution of bleach and water, as suggested by CDC guidelines. Through it all, the printable surface of conVerd Board Wipe Clean remains unharmed and visually uncompromised.

Stora Enso has started a feasibility study and an environmental impact assessment (EIA) for a possible investment in Oulu. The feasibility study and the EIA evaluate a potential conversion of the Oulu paper mill into packaging board production. The feasibility study is expected to be concluded by the end of 2018, and the EIA process is expected to take a minimum of 6 months. Currently, Oulu Mill has a production capacity of 360 000 tons of chemical softwood pulp and 1 080 000 tons of woodfree coated papers on two paper machines. The potential investment would include a new chemi-thermomechanical pulp (CTMP) plant, a brown-based cartonboard line with a capacity of 450 000 t/a and a kraftliner line with a capacity of 400 000 t/a. The potential conversion of Oulu Mill would enable Stora Enso to further improve its position in the growing consumer board and packaging solutions businesses and take a major step in its transformation. The other option is to continue the current fine paper production. Click Read More below for additional information.

Fourth Quarter and Full Year 2020 Highlights: *Fourth quarter and full year income from continuing operations was $9 million, and $0 million, respectively, $66 million and $119 million higher than comparable periods in 2019, respectively *Fourth quarter Adjusted EBITDA from continuing operations of $53 million was up $44 million from the comparable quarter in 2019 primarily driven by higher lumber and High Purity Cellulose prices *Full year 2020 Adjusted EBITDA from continuing operations of $153 million improved $78 million from the prior year primarily driven by strong demand for lumber and reduced costs across segments as a result of improved reliability *Generated $73 million of Free Cash Flow through the year ended December 31, 2020 driven by prudent management of capital expenditures and improved working capital; expect $55 million from cash tax refunds during 2021 *Completed refinancing in December to extend maturities, remove financial maintenance covenants and enhance liquidity