Canfor Completes Purchase of Elliott Sawmilling Company Inc.

Clearwater Paper Corporation announced the indefinite closure of its Neenah, Wisconsin facility, which includes three tissue machines and ten converting lines, removing a total paper production capacity of approximately 54,000 tons. Clearwater Paper intends to indefinitely close Neenah and exit the away from home business by the end of July 2021. “Despite the best efforts of our dedicated employees, our Neenah location and assets cannot cost effectively compete in the markets that we serve,” said Arsen Kitch, president and chief executive officer. “This was a difficult decision, because it affects our people, their families and the Neenah community.” The facility’s approximately 290 employees will be impacted by the closure.

KPLP Q3 2022 Business and Financial Highlights • Revenue was $427.0 million in Q3 2022 compared to $391.4 million in Q3 2021, an increase of $35.6 million or 9.1%. • Net loss was $38.8 million in Q3 2022 compared to $9.3 million in Q3 2021, a decrease of $29.5 million. • Declared a quarterly dividend of $0.18 per share to be paid on January 16, 2023.

Ahlstrom-Munksjö taking the first step towards a potential capacity expansion plan at its Louveira plant in Brazil. “Demand for filtration media in South America is expected to continue to grow in the coming years and we clearly foresee the need to increase capacity in the future to support the growing demand for filtration media in the region” states Fulvio Capussotti, Executive Vice President of the Business Area Filtration & Performance. “The acquisition of this land constitutes an important steps towards our overall ambition to further develop an industrial platform in South America that will enable us to continue to support our filtration customers in the region for the years to come” he adds. Click Read More below for additional information.