Irving Paper Announces Price Increase

Sappi Europe is set to extend its capacity at its mill in Gratkorn, Austria, enabling the mill to also manufacture wet-strength label papers. The double-digit million-euro investment in a state-of-the-art technical infrastructure will drive expansion of the site – and establish Sappi as a leader in the label sector for the long term. • Innovation through investment: expansion of the Gratkorn mill’s technical infrastructure • Increased demand for high-quality label papers • Guaranteed production and delivery reliability

Dr.-Ing. Fabian Gaus, 39, has joined the management board of LEIPA Group GmbH on 1 July 2020. He takes over the newly created function of Chief Sales Officer (CSO). His central field of responsibility in this function will be the goal- and future-oriented development of the LEIPA Group's sales activities. With a doctoral degree in mechanical engineering, Dr. Gaus has extensive knowledge in the manufacturing and energy industries, and with asset-heavy businesses in particular. Most recently, Dr. Gaus was Managing Director and CFO of Innogy Renewables US and Georgia Biomass, two subsidiaries of European utility innogy group in the United States. Georgia Biomass operates the largest wood pellet plant in the world.

Stora Enso has signed an agreement to divest its Maxau paper production site in Germany, and all related assets to Schwarz Produktion, part of Schwarz Group, one of the top retailers in the world. The enterprise value is approximately EUR 210 million. Closing is expected in the beginning of 2023, at the latest, subject to regulatory approvals. This transaction is part of the earlier announced plan to divest four of Stora Enso’s five paper production sites. In line with its strategy, Stora Enso’s focus is on long-term growth potential for its renewable products in packaging, building solutions and biomaterials innovations. Schwarz Produktion is expected to assume ownership for the Maxau site in the beginning of 2023. Schwarz’s plan is to continue paper production at the site, and the 440 employees belonging to the mill organisation at Maxau will be part of the transaction. Stora Enso will continue to operate the Maxau site and serve its supercalendered paper (SC) customers until the closing of the transaction.