Zhao Lei, President, Wuzhou Special Paper, says: “In collaboration with ANDRITZ, we have set a world record by achieving a capacity of 1,500 admt/d using just one HC refiner in our new production line. With this cutting-edge system, we will be self-sufficient in pulp production, guaranteeing top-quality products without having to rely on outsourcing.” Zhang Yancheng, Vice General Manager, Wuzhou Special Paper, adds: “ANDRITZ's proven technology, coupled with its team of domestic and international experts, has greatly supported our production line start-up. We're very satisfied with the high fiber quality and the low energy consumption.” The new system produces pulp for premium folding boxboard using eucalyptus and acacia chips as raw material. The patented state-of-the-art P-RC APMP (Pre-conditioning Refiner Chemical Alkaline Peroxide Mechanical Pulp) process ensures optimum pulp quality at minimum operating cost and lowest environmental impact.

On June 30, 2017, Orchids Paper Products Company entered into Amendment No. 5 to its Second Amended and Restated Credit Agreement dated June 25, 2015 by and among the Company, U.S. Bank National Association and the other lenders party thereto. The Credit Agreement Amendment, among other things, struck the fixed charge coverage for the period ended June 30, 2017, thereby also waiving a requirement for a Cash Reserve, as defined in the Credit Agreement, to be funded by that date. Covenants for future periods remain unchanged from the prior amendment. Additionally, the Company agreed not to make any dividend or other distribution payment with respect to its equity unless the Company has achieved a Leverage Ratio of less than 4.0:1.0 for two consecutive fiscal quarters and no Default or Event of Default (as defined in the Credit Agreement) exists or would exist following such payment. The amount and timing of dividend payments otherwise remains subject to the judgment and approval of the Board of Directors. Click Read More below for additional detail.

Interfor Corporation announced that it has reached an agreement to sell its specialty sawmill located in Gilchrist, Oregon to Neiman Enterprises Inc. The Gilchrist sawmill, which specializes in ponderosa and lodgepole pine boards, has been curtailed since mid-June of this year due to COVID-19 related economic factors. Prior to its curtailment, the mill produced approximately 80 million board feet of lumber per year and employed approximately 150 employees. The completion of the transaction is subject to customary conditions and is expected to close in the fourth quarter of 2020. Interfor will continue to own and operate its three US Northwest stud mills located in Molalla, Oregon, Longview, Washington and Port Angeles, Washington.