“ The pulp demand is strong on all markets”, says Henning Ellström, VP Sales and Marketing Pulp. “The price development in Europe has been lagging compared to that in North America and Asia. We want to reduce the gap between Europe and other markets.”
The new price on bleached softwood kraft pulp is valid from January 1, 2021.
https://www.sca.com/en/about-us/Investors/press-releases/2020-12/sca-increases-pulp-price-to-$-960/
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• Pulp sales of 2,527 thousand tons (stable vs. 3Q19). • Paper sales of 319 thousand tons (+2% vs. 3Q19). • Adjusted EBITDA1 and Operating cash generation² of: R$3.8 billion and R$2.9 billion, respectively. • Adjusted EBITDA1 /ton3 from pulp of R$1,339/ton (+56% vs. 3Q19). • Adjusted EBITDA1 /ton4 of paper of R$1,236/ton (+1% vs. 3Q19). • Average net pulp price – export market: US$458/t (-13% vs. 3Q19). • Average net paper price5 of R$4,081/ton (+1% vs. 3Q19). • Pulp cash cost ex-downtime of R$600/ton (-8% vs. 3Q19). • Capture of operating synergies in line with planning. • Recovery of ICMS credits in Espírito Santo in the gross amount of R$146 million.
“We delivered a strong third quarter with strong earnings growth, above expectations, driven by higher volume and productivity gains,” said Deon Stander, president and CEO. “Both our Materials and Solutions Groups delivered strong bottom-line growth. “In Intelligent Labels, we are delivering another year of strong growth and continue to see significant opportunity ahead. Adoption of our solutions in new categories is increasing, particularly in Food, as the value of our technology in helping address key industry challenges continues to resonate with customers. “We have raised our full-year outlook for adjusted earnings per share. We continue to remain confident that the consistent execution of our strategies will enable us to meet our long-term goals for superior value creation for all our stakeholders,” added Stander. “Once again, I want to thank our entire team for their continued resilience, focus on excellence and commitment to addressing the challenges at hand.”
Italy’s paper and self-adhesive label materials manufacturer Fedrigoni group intends to restructure and create three independently operating companies. According to information from the relevant Italian trade unions, the group is to be split into three companies and a holding company in line with the current division of business areas – paper, labels and RFID. In a brief statement, Fedrigoni confirmed the decision which would allow for “greater flexibility” and “facilitate future extraordinary transactions”.