BillerudKorsnäs has signed a letter of intent to acquire Bergvik Skog Öst AB, owned by Bergvik Skog AB. Bergvik Skog Öst AB comprises approximately 350,000 hectares of forest land in Sweden. The transaction will secure parts of BillerudKorsnäs’ wood supply, and improve the possibilities to manage the mix of internal and external wood flows in order to increase efficiency. Bergvik Skog AB was formed in 2004 through an acquisition of the Swedish forest holdings of Korsnäs and Stora Enso. The biological assets of Korsnäs represented in 2004 approximately 17% (Bergvik Skog Öst AB) and the Stora Enso assets approximately 83% (Bergvik Skog Väst AB). As part of the transaction in 2004, long term wood supply agreements were agreed between Bergvik Skog AB and Korsnäs and Stora Enso. Click Read More below for additional information.

The Group wants to build on this in 2025 with pioneering projects and measures. These are the top 6 sustainability goals to focus on in 2025: 1. further develop products - The environmental impact of products at the Kehl site is already being calculated and documented. 2. increase energy efficiency - One of the key measures for energy optimization is the installation of the shoe press on paper machine 1, which will make a significant contribution to reducing energy consumption. 3. expand renewable energies - A highlight for 2025: the Langer Wald wind farm in Waldeck in northern Hesse is to be completed and put into operation. 4. establish sustainable supply chains - More than 70% of our purchasing volume should be based at least on the EcoVadis Silver Standard or an equivalent code of conduct. 5. strengthen family friendliness and social responsibility - The Koehler Group invests not only in ecological sustainability, but also in social sustainability. 6. reporting in accordance with CSRD guidelines - In the area of finance and controlling, the Koehler Group is continuing to prepare for the upcoming reporting obligation under the CSRD Directive.

Verso Corporation reported financial results for the second quarter of 2017, including net sales of $585 million, a net loss of $49 million, and adjusted EBITDA of $(4) million. "Despite a challenging second quarter in which profitability was hampered by lower volume and pricing, rising input costs and inventory reduction initiatives, Verso is building momentum toward significantly improved results in the second half of the year as we anticipate realization of price increases, continue to aggressively cut costs and profitably grow our specialty papers business," said Verso Chief Executive Officer B. Christopher DiSantis. "In addition, we've made substantial progress in evaluating Verso's long-term strategic options, which potentially include paper machine conversions to enable expansion or entry into growing markets, enhancements to current assets that support a more profitable product mix, and corporate development opportunities." Click Read More below for additional detail.