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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JANUARY–MARCH 2021 (1–3/2020) *Sales were EUR 1,400 million (1,253). *Operating result was EUR 136 million (61). Comparable operating result was EUR 174 million (62). *Result before taxes was EUR 121 million (46). Comparable result before taxes was EUR 160 million (48). *Comparable return on capital employed was 12.6% (4.9). *Net cash flow from operations was EUR 95 million (36).
To meet customer demand for sustainable direct thermal printing labels, Neenah announces the market launch of water-dispersible DISPERSA® DT (Direct Thermal), an innovative extension to its popular DISPERSA® portfolio. DISPERSA DT was developed as a sustainable solution for applications such as food rotation labels and reusable plastic container labels. Using the innovative technology developed for their paper-based DISPERSA line, Neenah added a direct thermal print coating to DISPERSA DT labels that are designed to disperse in water along with any imprinted or handwritten graphics. “In direct thermal printing, media selection has a direct impact on the life of the print head. Our proprietary direct thermal coating is less abrasive which contributes to less coating residue build up on the print heads and more life out of your equipment,” says Kelli Clark, Label Product Manager for Neenah.
Overview: •Q3 2021 reported operating income of $331 million driven by solid lumber segment results despite a sharp decline in North American lumber prices from prior quarter all-time highs • Record quarterly earnings for the Company’s European lumber operations • Shareholder net income of $210 million, or $1.68 per share • Cumulative cash deposits of $656 million on countervailing and anti-dumping duties at September 30, 2021. The Company reported operating income of $331.0 million for the third quarter of 2021 driven by solid earnings in both the lumber and pulp and paper segments. Compared to the second quarter of 2021, current quarter reported operating income was down $710.3 million, reflecting a material decline in lumber segment earnings from an all-time high in the previous quarter, and, to a lesser extent, moderately lower pulp and paper segment earnings.