BillerudKorsnäs has signed a letter of intent to acquire Bergvik Skog Öst AB, owned by Bergvik Skog AB. Bergvik Skog Öst AB comprises approximately 350,000 hectares of forest land in Sweden. The transaction will secure parts of BillerudKorsnäs’ wood supply, and improve the possibilities to manage the mix of internal and external wood flows in order to increase efficiency. Bergvik Skog AB was formed in 2004 through an acquisition of the Swedish forest holdings of Korsnäs and Stora Enso. The biological assets of Korsnäs represented in 2004 approximately 17% (Bergvik Skog Öst AB) and the Stora Enso assets approximately 83% (Bergvik Skog Väst AB). As part of the transaction in 2004, long term wood supply agreements were agreed between Bergvik Skog AB and Korsnäs and Stora Enso. Click Read More below for additional information.

On August 17, 2026, the Canada Border Services Agency (CBSA) initiated investigations to determine whether paperboard cups and containers are being sold at unfair prices in Canada (dumped), subsidized, or both. The investigations focus on imports from producers operating in or exporting from China. These practices can harm Canadian industries by undercutting prices, which undermines fair competition. The CBSA's investigations follow a complaint filed by Great Pacific Enterprises Limited Partnership (the complainant). The complainant alleges that as a result of an increase in the volume of the dumped and subsidized imports, they have suffered material injury in the form of price undercutting, price depression, price suppression, lost sales, lost market share, decline in margins, reduction in capacity utilization, reduced employment, and negative impact on investments. The CBSA and the Canadian International Trade Tribunal (CITT) both play a role in the investigations. The CITT will begin a preliminary inquiry to determine whether the imports are harming Canadian producers and will issue a decision by October 16, 2026.

Corner Brook Pulp and Paper has registered an ambitious renewable energy project with the provincial government for environmental assessment. If approved, Project Tuckamore will see the development of a 155 MW wind farm in western Newfoundland, including 22 wind turbines and associated infrastructure. For example, a transmission line will connect the wind farm to the existing substation in Massey Drive. The proposal also includes upgrades to Deer Lake Power’s facilities, road improvements, site preparation, turbine installation and the construction of electrical infrastructure. Kruger announced its plans to help revitalize Corner Brook Pulp and Paper earlier this summer.