Appleton Coated Announces Price Increase on Ethos Products

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)

Metsä Group has made its second Swedish investment in FineCell (FineCellOx AB), developer of the FineCell technology and producer of CellOx dry cellulose powder. The company will use the EUR 1 million seed funding to improve its material application know-how, engage with potential customers, and finalise the material needed for making an investment decision concerning a demo production facility. The funding round lead by Metsä Group’s innovation company Metsä Spring consists of a group of investors, including EIT InnoEnergy and the company’s founder. The FineCell technology can turn pulp into added-value biomaterial that can be used both as a powder and as a water solution, i.e., a hydrogel. These can replace fossil-based chemicals in beauty and healthcare products, as well as in paints. FineCell is a spinout of the KTH Royal Institute of Technology in Stockholm, Sweden.

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.