Lecta announ​ces a price increase of 7% on its different grades for labelling applications: coated 1s, metallized papers, cast coated and self-adhesive papers. The price increase is unavoidable to offset the continuous increase in manufacturing costs due to the rising costs of pulp and other raw materials. The new prices will be effective on deliveries from April 2th, 2018. Lecta sales teams are at our customers' disposal to provide specific information on how the price increase will be applied by product on a country-by-country basis.

Global Win Capital Corporation (GWCC) ultimately owned by Shanying International, announced the appointment of Michael Grimm as its new president and chief executive officer. Grimm assumes day-to-day leadership of the North American business unit and underlying investment in North America which includes Phoenix Paper Wickliffe LLC. Mr. Grimm brings more than 30 years of relevant manufacturing experience to his new role. The announcement was approved by the board of directors of GWCC and was shared by Henry Yan Vice President of Shanying International, who remarked that Grimm was a “standout in a long, intensive international search.” Henry also added, “Mike is a strong match for what we were looking for to lead the North American business unit. He brings direct experience in the Uncoated Freesheet market as well as a solid track record of leading manufacturing organizations through highly successful operational and commercial transformations. We welcome Mike and are excited about the extensive knowledge and experience he brings to Phoenix Paper.”

The Kapuskasing paper mill is resuming operations, after securing funding from the federal and provincial governments. At the end of September, Kap Paper announced it would start the idling process because it no longer had the money to keep running without more government support. Most of the 350 mill workers were sent home, while about 2,500 forestry workers in the area also faced possible layoffs. On Friday, Minister of Jobs and Families, Patty Hajdu announced the federal government is giving Kap Paper a $10 million conditional repayable loan through FedNor’s Northern Ontario Development Program. It’s also giving an additional $2 million conditional repayable contribution through the Regional Economic Growth through Innovation Program. Additionally, the Ontario government said Friday it is providing the company a $16.8 million dollar loan to support its continued operation. That money is on top of a $10 million provincial loan Kap Paper received in January 2025.