Canfor Completes Purchase of Elliott Sawmilling Company Inc.

Irving Pulp and Paper as well as Irving Tissue on the west side of Saint John is underway with a $40 million investment with an impact across NB. Eighty-four (84) New Brunswick companies will be working on the modernization, accounting for $29 million of the investment. These suppliers are located across New Brunswick. The project is scheduled for completion on May 14, 2018. This project is also going to provide hands-on learning experiences for the workforce of the future – over twenty-five co-op students from the University of New Brunswick, Dalhousie University, Memorial University in Newfoundland & Labrador as well as the New Brunswick Community College (NBCC). This new investment brings environmental benefits. Today, the pulp mill is already 95% green energy. This upgrade will improve energy use and further reduce the site's carbon footprint. Click Read More below for additional information.

HIGHLIGHTS • Pulp sales of 2,797 thousand tons (+5% vs. 3Q21). • Paper sales³ of 331 thousand tons (-2% vs. 3Q21). • Average net pulp price in export market: US$821/ton (+25% vs. 3Q21). • Average net paper price3 of R$6,905/ton (+40% vs. 3Q21). • Pulp cash cost ex-downtime of R$883/ton (+24% vs. 3Q21). • Leverage ratio declines to 2.1 times in USD and 2.2 times in BRL, despite the investment cycle. • Cerrado Project completes 31% of physical progress and 24% of financial progress

Lecta reaffirms its commitment to innovation and sustainability by renewing the official "BPA Free - No Phenols Added" certification​, guaranteeing the absence of Bisphenol A (BPA) and other phenolic compounds identified in the Ineris certification scheme, for its entire range of phenol-free Termax thermal papers. Ineris (the French National Institute for Industrial Environment and Risk) has once again certified that Lecta's thermal products meet the most stringent market standards, further establishing the company as a benchmark in the sector. The Ineris "BPA Free - No Phenols Added" certification is based on a rigorous verification process that includes the evaluation of technical documentation, an audit of the manufacturing process, and an analysis of the thermal paper. This certification examines key aspects such as manufacturing, quality control, traceability, and methods for monitoring the composition of thermal paper. The audit findings have confirmed that Lecta meets all the requirements of the approval scheme, ensuring that its certified Termax products are entirely free of the fifteen phenolic compounds identified by Ineris.