Euro-Graph Publishes Monthly Statistics of the European Graphic Papers Industry July 2021

Canfor Corporation announced that it has acquired 7% of outstanding shares of VIDA AB effective today (12/10/2024). The shares were acquired from certain minority shareholders utilizing their option privileges under the February 2019 agreement in which Canfor purchased 70% of VIDA AB, Sweden’s largest privately owned sawmill company. After concluding this transaction, Canfor owns 77% of VIDA AB.

Total European shipments of graphic papers in May 2017 were UP 3.8% vs. May 2016 and were down 1.2% year-to-date. Total European shipments of newsprint in May 2017 were down 1.9% vs. May 2016 and were down 4.7% year-to-date. Total European shipments of sc-magazine papers in May 2017 were UP 6.5% vs. May 2016 and were UP 3.1% year-to-date. Total European shipments of coated mechanical reels in May 2017 were UP 5.7% vs. May 2016 and were down 2.7% year-to-date. Total European shipments of uncoated mechanical (improved & others) in May 2017 were UP 4.9% vs. May 2016 and were UP 1.5% year-to-date. Total European shipments of coated woodfree papers in May 2017 were UP 10.0% vs. May 2016 and were UP 0.6% year-to-date. Total European shipments of uncoated woodfree papers in May 2017 were UP 2.0% vs. May 2016 and were down 0.7% year-to-date. Click Read More below for additional details.

Resolute’s commitment to renewable energy benefits both the environment and our bottom line. We generate three quarters of our total energy needs from renewable sources such as carbon-neutral biomass and hydroelectricity. In 2020, our commitment to renewable energy continued to result in a significant drop in greenhouse gas (GHG) emissions intensity, which reflects the volume of emissions per unit of production. We recorded a 56% reduction in GHG emissions intensity compared to 2000 levels, a tangible demonstration of Resolute’s carbon leadership. We also reduced our absolute GHG emissions by 83.4% over 2000. Replacing high-emission fuels like coal with less-carbon-intensive fuels benefits both the environment and our bottom line. We have been scope 1 coal-free since April 2014. We have also reduced the use of bunker C oil at our Clermont, Dolbeau and Saint-Félicien mills in Quebec, and initiatives are currently underway at several facilities to reduce the use of natural gas and to promote biomass or electricity utilization. In 2020, 75% of our fuel energy needs were met using biomass, including bark, wood residues and biosolids, which we use to help power our facilities rather than sending these waste products to landfill. This approach reduces our consumption of fossil fuels, as well as the GHG emissions associated with their use.