Stora Enso Oyj announces the proposed members for the Board of Directors of the new forest asset company planned to be demerged from Stora Enso (the “New Company”). The demerger is expected to be completed in the first half of 2027.
Proposed members to the Board of Directors of the new forest company planned to be separated from Stora Enso
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Paper Excellence Canada announced it has donated $50,000 to the Canadian Red Cross. A majority of the donation will support ongoing emergency management operations in British Columbia and Saskatchewan, while a donation of $20,000 was made earlier this fall to Nova Scotia Red Cross in response to Hurricane Fiona. Paper Excellence Canada currently has operations in British Columbia, Saskatchewan, and Nova Scotia. “The Red Cross is a constant, comforting presence across the world, but that is especially true here at home in Canada, so we are very pleased to be supporting the Red Cross in the provinces where Paper Excellence Canada operates,” said Graham Kissack, Vice President EH&S and Corporate Communications for Paper Excellence Canada.
Effective with shipments May 16, 2018, transaction pricing for the following products will increase approximately 5%-7% in the US and Canada: • Printing and Publishing grades • Domtar Reply Card Rolls and Sheets • EarthChoice® Colors Multipurpose, Hots Text and Cover, Index, Tag and Vellum Bristol • EarthChoice® Opaque Offset 30% Rolls and Sheets • EarthChoice® Tradebook • Husky® Opaque Offset Rolls and Sheets • HuskyJET® Rolls including processed rolls • Lynx® Opaque Ultra Rolls and Sheets • Converting grades • Engineering Laser Bond • Enterprise Postal Advantage™ • Laser Forms Bond including processed rolls and box forms • White Wove Envelope • Business Papers • Business Papers products including all Domtar mill, private label brands and custom cut sheet products • Xerox® Vitality®, Bold Professional™, Bold Digital™ and Revolution™ products. Price increases apply to all pack types; rolls, folio and cut size. All current standard differentials and upcharges remain in effect.
HIGHLIGHTS • Pulp sales of 2,759 thousand tons (+1% vs. 4Q21). • Paper sales³ of 338 thousand tons (-9% vs. 4Q21). • Average net pulp price in export market: US$831/ton (+32% vs. 4Q21). • Average net paper price3 of R$7,079/ton (+39% vs. 4Q21). • Pulp cash cost ex-downtime of R$937/ton (+25% vs. 4Q21). • Leverage ratio declines to 2.0 times in USD and 2.0 times in BRL, despite the investment cycle. • Cerrado Project completes 45% of physical progress and 41% of financial progress.