Overview • Q2 2023 operating loss of $67 million including a $57 million reversal of a previously recognized inventory write-down; • Strong earnings continued at the Company’s European and US South operations with persistent challenges in British Columbia • Sustained pressure on global lumber market fundamentals and pricing, particularly in North America • Increased North American lumber production & shipments despite ongoing curtailments in British Columbia and permanent closure of Chetwynd facilities and temporary closure of Houston sawmill • Significant deterioration in global pulp market fundamentals; closure of the pulp line at Prince George Pulp and Paper Mill; subsequent to quarter-end, short curtailment of Northwood NBSK pulp mill amidst British Columbia port strike

Orient Paper, Inc. (NYSE MKT: ONP) (“Orient Paper” or the “Company”), a leading manufacturer and distributor of diversified paper products in North China, today announced that it will temporarily suspend…

Ahlstrom on Feb. 27 filed a WARN letter with Wisconsin's Department of Workforce Development stating that it plans to close the pulp mill and two paper machines — M2 and M3 — at its mill site located at 100 Main Street, Mosinee, Wisconsin. The closings will take place or begin starting on June 30, 2026. In the letter, Ahlstrom said, "We expect the closing of the Pulp Mill and the M2 and M3 paper machines to be permanent in nature. This closing will involve cessation of all operations and termination of the identified areas. The number of affected employees is approximately 21 salary and a significant number of hourly positions that will not be certain until after effects bargaining."