“As we review the details of the DC Circuit Court’s ruling, we are pleased the court upheld the practical start-up and shut-down provisions but continue to urge the EPA to conclude a 25-year rulemaking roller coaster ride by responding quickly to the court’s remand on the carbon monoxide limits. Our companies are focused on generating essential power from their boilers and deserve affordable and achievable standards that are not constantly in flux.”
http://afandpa.org/media/news/2018/03/16/af-pa-applauds-key-part-of-district-of-columbia-circuit-court-decision-on-epa-boiler-mact-rule-but-concerned-about-further-delay
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Please be advised that, effective with shipments on or after October 1, 2017, Resolute Forest Products will raise its newsprint price by US$30/metric tonne (for 48.8 gsm). Prices for other basis weights will be adjusted accordingly.
Please note that this price increase does not apply to Ponderay Newsprint Company.
Financial summary for the quarter: • EBITDA excluding special items US$337 million (Q2 FY21 US$112 million) • Net debt of US$1,793 million (Q2 FY21 US$2,070 million) • Profit for the period US$188 million (Q2 FY21 loss of US$23 million) • EPS excluding special items 35 US cents (Q2 FY21 loss of 1 US cents)
The fourth quarter was shaped in part by the annual maintenance shutdowns at our two mills, which proceeded smoothly and as planned. Consequently, all three of our major investment projects are now up and running. The underlying performance showed improvement compared with the corresponding quarter of the previous year, despite the upward trend in raw material costs. Demand for chemical softwood pulp remains relatively stable in our key markets, with many customers increasing volumes, especially in our niche segments. We continue our structured approach to gradually developing Rottneros in line with our niche strategy, prioritizing safety, sustainability, and profitability. Production and deliveries for the Group declined compared with the same quarter last year, mainly as a result of the annual maintenance shutdowns carried out at both mills. In 2023, Rottneros Mill scheduled its maintenance shutdown in September. Excluding temporary items, primarily related to the sale of emission allowances, our underlying EBIT rose by approximately 20 MSEK, despite the negative effect of higher wood costs and maintenance shutdowns on comparability. Fixed costs totaled 240 MSEK, compared with 220 MSEK in the same quarter last year.