The company confirmed the milestone in its second-quarter results. It had originally targeted completion during the third quarter of 2026. International Paper has not disclosed the converted machine’s expected production capacity or confirmed when full commercial output will begin. Before the conversion, the No. 16 machine supplied Sylvamo with approximately 260,000 short tons of cutsize uncoated freesheet annually. The supply arrangement was wound down in May 2026 as International Paper prepared the machine for its new role.

Total European shipments of graphic papers in January 2022 were down 3.3% vs. January 2021 and were down 3.3% year-to-date. Total European shipments of newsprint in January 2022 were UP 0.9% vs. January 2021 and were UP 0.9% year-to-date. Total European shipments of sc-magazine in January 2022 were UP 4.7% vs. January 2021 and were UP 4.7% year-to-date. Total European shipments of coated mechanical reels in January 2022 were down 12.7% vs. January 2021 and down 12.7% year-to-date. Total European shipments of uncoated mechanical (improved & others) in January 2022 were down 2.9% vs. January 2021 and down 2.9% year-to-date. Total European shipments of coated woodfree in January 2022 were UP 9.4% vs. January 2021 and UP 9.4% year-to-date. Total European shipments of uncoated woodfree in January 2022 were down 11.1% vs. January 2021 and down 11.1% year-to-date.

Canfor announced it has reached multi-year $30-million agreements with Peak Renewables involving the sale of the Company’s forest tenure in the Fort Nelson region of British Columbia. The transactions are subject to customary closing conditions, including approval from the BC Minister of Forests. Closing is expected to occur in the first quarter of 2021. The agreements follow Peak Renewables’ purchase of Canfor’s Fort Nelson mill assets in the third quarter of 2020. “I am pleased to have reached an agreement to sell our Fort Nelson tenure to Peak Renewables, a company that is committed to developing a long term plan to rejuvenate the forest industry in the region,” said Don Kayne, President and CEO, Canfor.