AF&PA Releases December 2025 Printing-Writing Monthly Report

Resolute Forest Products Inc. announced two separate transactions to grow and improve the competitiveness of its wood products business. Resolute reached an agreement with Louisiana-Pacific Corporation to acquire the latter's 50% equity interest in two joint ventures that produce I-joists in the Lac-Saint-Jean region of Quebec for $50 million, subject to customary adjustments. Resolute-LP Engineered Wood Larouche Inc. and Resolute-LP Engineered Wood St-Prime Limited Partnership are located in Larouche and Saint-Prime, respectively, and are equity method investments in which Resolute has a 50% interest in each entity. Resolute operates the facilities and its joint-venture partner, Louisiana-Pacific, sells the products. Resolute will enter into agreements with Louisiana-Pacific to continue to serve as the exclusive distributor of the engineered wood products manufactured at the two operations. In a separate transaction, Resolute also announced an agreement signed on February 11 with Boralex (TSX: BLX) for the purchase of a cogeneration facility in Senneterre, Quebec. "The purchase of the 34.5-megawatt cogeneration facility, adjacent to our Senneterre sawmill, builds on our significant investments in the region, including the ongoing project toward a new planer and associated equipment we announced last summer, as well as operational improvements recently completed at our Comtois sawmill. With this cogen, we will maximize the use of biomass from our regional operations, generating green power and providing a platform for future growth and enhanced competitiveness in the Abitibi-Témiscamingue region. We are pleased to welcome the 30-plus employees of the cogeneration facility to Resolute," added Mr. Lalonde.

Norske Skog’s EBITDA in the second quarter of 2023 was NOK 380 million, a decrease from NOK 675 million in the first quarter of 2023. The main driver for the lower second quarter EBITDA was lower publication paper sales prices. The cash flow from operations in the quarter was NOK 353 million. During the second quarter Norske Skog entered the packaging paper market with a successful production start-up of Bruck PM3, and the first rolls of packaging paper delivered to customers. The rockslide at Norske Skog Saugbrugs will likely keep the paper machine PM6 out of the publication paper market through the first half of 2024. An insurance compensation for business interruption is therefore recognized in the second quarter results. The start-up of the Golbey conversion project is postponed to the second quarter of 2024. Despite the rockslide at Norske Skog Saugbrugs and weakened demand in all segments in the quarter, we have managed to maintain high sales volumes, healthy profitability and a strong financial position.

Total European shipments of Graphic Papers were down 4.2% in September vs. September 2016 and are down 0.9% year-to-date. Total European shipments of Newsprint were down 5.5% in September vs. September 2016 and are down 3.7% year-to-date. Total European shipments of SC-Magazine were down 11.1% in September vs. September 2016 and are flat year-to-date. Total European shipments of Coated Mechanical Reels were down 4.6% in September vs. September 2016 and are down 1.4% year-to-date. Total European shipments of Uncoated Mechanical were UP 4.2% in September vs. September 2016 and are UP 2.3% year-to-date. Total European shipments of Coated Woodfree were down 1.4% in September vs. September 2016 and are UP 1.3% year-to-date. Total European shipments of Uncoated Woodfree were down 3.9% in September vs. September 2016 and are down 0.9% year-to-date. Click Read More below for additional information.