BillerudKorsnäs launches Pure Performance, a White Top Kraftliner that combines high strength, excellent printability and purity in one material. Pure Performance is a unique paper product that offer packaging material reduction thanks to its 3-ply construction. Pure Performance is one of the first products from the world´s most modern board machine KM7 at BillerudKorsnäs and has received great appreciation among customers within the corrugating industry. Pure Performance offers extraordinary strength thanks to a 3-ply construction with optimized fiber properties: *The top ply contains well distributed short white fibers optimized for excellent printability. *The bottom ply has unbleached long fibers for highest strength. *The middle ply is used to create bulk in order to maximize stiffness and minimize washboarding.

Mondi continues to make progress on its previously announced €125 million investment to expand and upgrade its Kuopio mill in Finland with expected start-up by the fourth quarter of 2023. This morning, regional and local officials joined Mondi’s Group CEO and other senior leaders at a ground-breaking ceremony to celebrate this major upgrade of the semi-chemical fluting mill. "Thanks to the best technology available, production capacity will increase by 55,000 tonnes per annum and product quality will be enhanced to better serve growing customer demand. The long-term sustainability of the mill will also be considerably improved, further consolidating its place in the community." Andrew King, Mondi Group CEO

Highlights: *Net Sales were $2,392 million, an increase of 1% versus the prior year quarter. *Net Income was $150 million, an increase of 127% versus the prior year quarter. *Earnings per Diluted Share were $0.49, an increase of 133% versus the prior year quarter. *Announcing definitive agreement to acquire Bell Incorporated, a well-capitalized U.S. packaging provider. *Board of Directors approved $500 million increase to share repurchase authorization.