Lecta announces a price increase on all its Specialty paper grades of 10% effective for deliveries from 1 April 2021 for all European and Overseas markets.
The increase is necessary due to the sustained increase in prices of pulp and chemicals along with the sharp increase of freight costs. This follows Lecta’s previous announcement made on Thermal paper grades.
https://www.lecta.com/en/news/Pages/Lecta-to-Increase-Specialty-Paper-Prices-by-10-per-cent-from-April-1st-2021.aspx
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On 21.5.2018, the Helsinki Court of Appeal rendered its judgment in a case in which Metsähallitus claims damages from Metsäliitto Cooperative, Stora Enso Oyj and UPM-Kymmene Corporation based on their conduct on the wood market in 1997–2004. In its judgment, the Court of Appeal rejected the claims made by Metsähallitus and ordered Metsähallitus to compensate the defendants’ legal costs. The total amount of the joint and several claim for damages made by Metsähallitus in the Court of Appeal was 124.9 million euros. Metsäliitto Cooperative’s share of the capital of the claimed damages was 39.1 million euros. In addition, Metsähallitus claimed compensation for indirect damages, VAT, interest and compensation for legal costs. Click Read More below for additional information.
A paper mill in northern Ontario will begin winding down operations after failing to secure immediate financial support from the federal government, the company announced Monday.
Kap Paper said it has received $50 million in loans from the Ontario government, which helped provide short-term stability. It said it had approached Ottawa for funding, but the timing "doesn't appear to be aligning" for a solution to keep the Kapuskasing mill open.
A spokesperson for Kap Paper said about 420 people are employed directly through the company and a total of 2,500 jobs in the region depend on its operation.
The provincial government said it has provided Kap Paper with millions to help cover operating expenses and is "disappointed" that the federal government has failed to join in providing immediate support.
Mactac® Distributor Products announces a new, thicker liner for its wide-format printable IMAGin® StreetTRAX® non-skid outdoor floor graphic media. StreetTRAX (STX1528v2) is designed to produce outdoor sidewalk and parking lot ‘floor’ graphics on unsealed pedestrian traffic surfaces such as concrete, cement, and asphalt. The change in product construction replaces the product’s previous 60# polycoated liner with a new 90# polycoated liner. “The addition of the thicker, more stable liner improves this already great product and offers Mactac customers an even better printing and installation experience when using StreetTRAX,” says Amanda Smith, Product Manager, Mactac Distributor Products.