Kruger Announces Newsprint/UGW price Increase

Xerox (NYSE: XRX) announced today that its board of directors declared a quarterly cash dividend of $0.25 per share on Xerox common stock. The dividend reflects the one-for-four reverse stock split that became effective on June 14, 2017. The dividend is payable on October 31, 2017 to shareholders of record on September 29, 2017.

Stora Enso is today launching its latest lignin-based innovation, NeoLigno® by Stora Enso. NeoLigno is a fully bio-based binder system without formaldehyde and isocyanates, thus, providing healthier indoor and working environments. Hazardous chemicals aren't always visible to the naked eye, yet they may be in homes or products used every day. Stora Enso is on a mission to replace such products with renewable materials. The new binder NeoLigno demonstrates the unique properties and potential of lignin. Lignin is nature's second most common macromolecule after cellulose. It is found in all plants and makes up to a third of the composition of wood. Lignin is a renewable raw material free from toxic substances and fully traceable to its area of origin. NeoLigno is a bio-based, high-performing alternative for industries currently using fossil-based binders or hazardous chemicals. Initial target applications for NeoLigno are in particleboards and insulation materials used in the building and construction industry.

Kruger Inc. is announcing today a $377.6-M transaction to diversify operations at its Brompton and Wayagamack Mills into specialty niches, such as flexible food packaging, labelling and digital printing. This major project, undertaken in partnership with the Government of Québec, will help to maintain more than 500 jobs in the Mauricie and Estrie regions. The announcement was made today in the presence of Philippe Couillard, Premier of Québec; Dominique Anglade, Minister of Economy, Science and Innovation and Minister responsible for the Digital Strategy; and Joseph Kruger II, Chairman and Chief Executive Officer of Kruger, as well as Ministers Luc Blanchette, Julie Boulet, and Luc Fortin. Kruger and the Government of Québec have formed a partnership by which Investissement Québec, acting as the government's agent, will grant loans and a loan guarantee totalling $59.8 million and acquire an equity participation of 37.5%, or $44.6 million, in the new entity Kruger Specialty Papers Holding L.P. The new entity comprises the assets of the Brompton and Wayagamack Mills, as well as the Biomass Cogeneration Plant adjacent to the Brompton Mill. Click Read More below for additional detail.