Mondi Announces Price Increase on Uncoated Fine Papers

Solenis, a leading global producer of specialty chemicals, will increase prices by 5 to 15 percent on all paper and process product lines across the EMEA region, effective immediately or as customer contracts allow. The price increase is necessary due to the tightening of raw material supplies globally and escalating energy, packaging and transportation costs.

Norske Skog has entered into agreement with Talley’s Group, a New Zealand based dairy, fishing, produce and food company, to sell the Nature’s Flame pellets company for a consideration of approximately NZD 47.8 million (approximately NOK 280 million). The transaction is expected to close during the first quarter of 2022. “Nature’s Flame is an excellent company producing high quality and sustainable energy pellets from wood residues, and thus the sales process generated significant interest. Under our ownership, we have expanded the capacity from producing some 20,000 tonnes when acquired to currently 90,000 tonnes, and we are very pleased that Talley’s has indicated interest to continue the ongoing project to further expand the capacity to 150,000 tonnes."

KEY HIGHLIGHTS *Sales volumes increased by 5% *Continued positive development of the ramp-up at Gruvön (KM7) *Cost and efficiency programme exceeding target *Strong operating cash flow *The Board of Directors proposes dividend of SEK 4.30 per share. Quarterly data *Net sales amounted to SEK 5 803 million (5 815). Excluding currency effects sales grew by 2% *Operating profit rose to SEK 163 million (103), including SEK 73 million revaluation gain in an associated company *Net profit from continuing operations was SEK 242 million (283)