We are announcing a US$22/metric tonne (for 45.0 gsm) newsprint price increase effective with shipments on or after June 15, 2018. Other basis weights will be adjusted accordingly. Please note that this price increase does not apply to Ponderay Newsprint Company.

Bain Capital Private Equity, a leading global private investment firm, announced that it has signed a definitive agreement to acquire Fedrigoni, a leading global producer of specialty papers and self-adhesive labels. The Fedrigoni family will retain a minority stake in the business. Established in 1888 and headquartered in Verona, Italy, Fedrigoni is internationally recognised for its high-quality product range and customer service. In 2017, the Company is expected to generate sales of approximately €1.1bn. It has manufacturing facilities in Italy, Spain and Brazil and a global distribution network, with more than 2,700 employees. Fedrigoni sells directly to its multinational customers including fashion houses and fine wine producers, through its own distribution network. Its products include special papers for luxury packaging and labels for the food and beverage and pharma industries. Click Read More below for additional information.

Metsä Group has started a planning process with the City of Äänekoski with the aim of expanding the production of mechanical wood products at the Äänekoski mill site in the future. A detailed plan is being applied for as an industrial area for the Henttalanmäki area south of the existing mill site. The area currently has a general plan in force and it is mainly owned by Metsä Fibre, a part of Metsä Group. “One of Metsä Group's strategic targets is to increase the production of products that store carbon for a long time such as sawn timber, LVL and plywood. With the plan change that is now being launched, we are preparing to expand the production of our mechanical wood products at the Äänekoski mill site. The synergy benefits of operating in a large mill integrate are significant related e.g. to the utilization of raw materials, logistics and energy, ”says Ilkka Hämälä, President and CEO of Metsä Group.