Ahlstrom-Munksjö: January-March 2022 interim financial report published

Featuring a converter friendly balance of high initial tack and low edge bleed, Mactac® announces the launch of a new durable labeling product line, LINTEC® Low-Ooze, High Adhesion Durable Labelstocks. The new LINTEC Low-Ooze, High Adhesion Durable Labelstocks feature a selection of durable film facestocks paired with LINTEC’s industry-proven PAT1 and automotive-approved P0066 aggressive acrylic adhesives. The labelstocks are intended for use in labeling durable goods, electronics, appliances, warning and instruction labeling, and automotive and medical labeling applications. With product features that are highly appealing to industry converters, Mactac’s LINTEC Low-Ooze, High Adhesion Durable Labelstocks offer cleaner on-press and thermal transfer print performance, as well as reduced risk of label pick-off. They are suitable for prolonged outdoor use and ensure very good resistance to chemicals, heat (durability up to 302-degrees Fahrenheit), and UV (ultraviolet) light. Additionally, the labelstocks are UL 969 recognized by Underwriters Laboratories for superior performance, label suitability, and compliance for displaying required safety information on UL Certified products, despite long-term exposure to a variety of environmental elements.

Pixelle Specialty Solutions, the owner of the Spring Grove paper mill, announced the appointment of Julie Schertell as the company's new CEO, according to a release. Schertell was appointed to replace former Pixelle CEO Ross Bushnell, who the company said had stepped down to "pursue new opportunities." Bushnell had been CEO since 2023, according to prior releases. In the release, the company shared that Schertell had most recently served as president and CEO of Mativ Holdings, and has more than 30 years of operational and commercial experience. Schertell had led a merger of Neenah Inc., where she previously served as president and CEO, which merged with Schweitzer Mauduit International and resulted in the creation of Mativ Holdings, according to the release.  The Spring Grove papermill became part of Pixelle Specialty Solutions in August of 2018 during a $360 million sale from P.H. Glatfelter to private equity firm Lindsay Goldberg. Pixelle Specialty Solutions is an affiliate of Lindsay Goldberg, and took over operation at Glatfelter's facilities during the sale. The Spring Grove paper mill itself dates to 1852, originally founded as the Spring Forge Paper Mill within a former iron forge, which had given the town its original name: Spring Forge. In 1863, local entrepreneur Philip H. Glatfelter purchased the Spring Forge Paper Mill at an orphan’s court sale for just $14,000. In the years that followed, the town would be renamed from Spring Forge to Spring Grove.

Canfor Corporation announced that it will implement reduced operating schedules at its Western Canadian sawmills effective April 4, 2022 due to the cumulative effects of the unprecedented global supply chain crisis that has been ongoing for several months. The reduced operating schedules will remain in effect for a minimum of four weeks and the Company will continue to assess and make adjustments to operating schedules as supply chain conditions evolve. “We are experiencing extreme supply chain challenges that are significantly impacting our operations and it has become imperative to reduce operating schedules to address our unsustainable inventory levels. We regret the impact that the reduced operating schedules will have on our employees, contractors and communities and we will make efforts to mitigate the negative effects,” said Don Kayne, President and CEO, Canfor. “We will continue to leverage our global operating platform to minimize disruptions in supply to our customers.” It is anticipated that the reduced operating schedules will impact production capacity by a minimum of 100 million board feet.