The fiberlines will have a capacity of 1,000 admt/d and 670 admt/d, respectively, and will process a mixture of eucalyptus, acacia and poplar wood chips for the production of folding boxboard (FBB). ANDRITZ will supply the main equipment – from chip washing to the storage tower – for both fiberlines, featuring the following highlights: *MSD Impressafiner for wood chip maceration to enable optimum chemical impregnation *High-consistency (HC) refining stage with TX68 refiner, including an advanced feeding system for optimum fiber development and lowest shive levels *Low-consistency (LC) refining stages with TwinFlo refiners for low specific energy consumption and well-developed fibers *Four newly developed PrimeFilter D disc filters for fiber recovery and thickening. The innovative disc filters feature the so-called HHw (high consistency, high freeness, wider space between discs) technology for advanced feeding and optimum flow conditions within the filter as well as CC bagless sectors for advanced operation and reduced maintenance.

The Company recorded third quarter revenue of $870 million, an increase of 29% year over year, primarily driven by higher TiO2 and zircon volumes and higher average selling prices across all products. Revenue from TiO2 sales was $682 million, an increase of 26% driven by a 13% increase in volumes and a 12% increase in average selling prices on both a US dollar and local currency basis. Sequentially, TiO2 volumes declined 10%, at the low end of guidance, and average selling prices increased 4% on a local currency basis or 3% on a US dollar basis. Zircon revenue increased 107% to $116 million driven by an 81% increase in volumes and a 13% increase in average selling prices. Sequentially, zircon volumes declined 14%, due to higher sales from inventory in the second quarter, while average selling prices increased 10%. Revenue from feedstock and other products was $72 million, which represented a 5% decrease, due to no external feedstock sales in the quarter compared to the prior year, partially offset by increased pig iron revenue from higher average selling prices. Net income attributable to Tronox in the third quarter 2021 of $111 million included non-recurring costs primarily related to debt extinguishment totaling $4 million or $0.03 per diluted share. Excluding these items, adjusted net income attributable to Tronox (non-GAAP) was $115 million, or $0.72 per diluted share.

Antti Koulumies, M.Sc. (Eng.), has been appointed Senior Vice President, Timber and Forest. Koulumies will take the leadership of UPM Forest and continue to lead UPM Timber. The current leader of UPM Forest Sauli Brander, B.Sc. (Eng.), eMBA, has been appointed Vice President, UPM Global Forest Affairs. He will focus on global forest advocacy as well as global forestry themes, such as climate-positive forestry and biodiversity. Both appointments will take effect on 1 September 2023. Koulumies and Brander will continue to report to Bernd Eikens, Executive Vice President, UPM Fibres, and they will also continue as members of UPM Fibres business area management team.