Lecta to Increase Prices by 5% on CWF 1S and Self-Adhesive Ranges

Net sales for the three months ended June 30, 2021 increased $61 million, or 23%, compared to the three months ended June 30, 2020, driven by increases in volume and favorable price/mix as the economy began to open, partially offset by $30 million, or 11%, attributable to our idled Duluth and Wisconsin Rapids mills. Total company sales volume was up from 346 thousand tons during the three months ended June 30, 2020, to 369 thousand tons during the same period of the current year. Of the 23 thousand ton volume increase, 82 thousand tons were attributable to an increase in volume, partially offset by 59 thousand tons attributable to our idled Duluth and Wisconsin Rapids mills. Operating income was $11 million for the three months ended June 30, 2021, an increase of $53 million when compared to operating loss of $42 million for the three months ended June 30, 2020.

Due to the global pandemic, most students in the United States are starting school online or following a hybrid model that combines remote learning with in-person classes. The move to remote learning means that, in addition to the typical school supplies students need to be prepared and organized in a classroom, many children will need extra supplies to succeed at home. According to Classroom Central, a nonprofit organization that equips students for education, remote learning has actually increased the need for supplies. More families are experiencing financial hardship due to the pandemic, and because they are not in the classroom each day, students have fewer opportunities to share supplies. “Students will need the same supplies at home that they need at school in order to take notes and complete their coursework, including writing utensils, paper and composition books,” says Karen Calder, executive director of Classroom Central.

Resolute Forest Products Inc. announced its commitment to reduce absolute greenhouse gas (GHG) emissions (scope 1 and 2) by 30% against 2015 levels by 2025. This new target builds on the company's 83% reduction in absolute GHG emissions from year-2000 levels, two-thirds of which reflect reductions in emission intensity. By achieving its target, the company will have reduced its emissions by nearly 700,000 metric tons of CO2 equivalents per year compared to its 2015 level. Some of the more recent projects on which the company is relying to achieve its commitment include: *an efficiency enhancement at the Saint-Félicien (Quebec) pulp mill to improve production capacity and reduce fossil-fuel use by up to 20%; *a modernization of the cogeneration turbine at the Coosa Pines (Alabama) pulp mill to reduce purchased electricity use by 6%; and *the installation of a sophisticated heat recovery unit at the Thunder Bay (Ontario) pulp and paper mill to recover waste heat and, as a result, decrease the use of fossil fuels by over 20%.