For the first quarter ended 31 March 2018, Lecta had revenue of €375.4 million versus €376.3 million in the first quarter ended 31 March 2017, a decrease of €0.9 million or -0%. EBITDA decreased by €4.9 million, or -16%, from €30.2 million in 1Q2017 to €25.3 million in 1Q2018. Click Read More below for additional information.

Canfor Corporation announced the permanent reduction of 150 million board feet of production capacity at its Plateau Sawmill to resize the facility and align it with the available, sustainable timber supply in the region following the devastating impacts of the Mountain Pine Beetle infestation and other constraints on the timber harvesting land base. The reduction in production capacity will be achieved through a partial plant closure and the elimination of one of the three production lines in the mill. The capacity reduction is expected to impact approximately 70 employees at the facility and is anticipated to take effect at the end of the second quarter of 2022 following the depletion of existing log inventory. Canfor will mitigate the impact to affected employees by offering employment opportunities at other Canfor locations, along with relocation and transition support. “As the allowable annual cut has decreased in the region, it is necessary to resize the facility to align with the sustainable fibre supply,” said Don Kayne, President and CEO, Canfor. “I want to thank our Plateau employees for their ongoing dedication and hard work, and we are committed to providing comprehensive support to those employees impacted by today’s announcement, including offering jobs at other Canfor facilities. We will work to minimize the impacts this decision has on our employees, their families, our contractors and the community.”

The Navigator Company announced today that it will be increasing prices our Uncoated Woodfree papers by 5 to 7 % in Middle East, Africa, Asia, Oceania and Latin America. This measure will be effective with orders shipping April 2nd , 2018. The Navigator Company sells its products to 130 countries over five continents, under its own paper brands with a strong reputation for superior and consistent quality - Navigator, Pioneer, Inacopia, Discovery, Soporset and Inaset.