Due to the current economic environment and the continued significant increase in raw material, manufacturing and logistics costs, Lecta announces a second price increase of 8% on all its 2-side CWF and UWF grades in sheets and reels.
The new prices will be effective on deliveries from June 1st, 2021.
https://www.lecta.com/en/news/Pages/Lecta-to-increase-2-side-CWF-and-UWF-prices-by-8-per-cent-from-June-1st-2021.aspx
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Total European shipments of graphic papers in May were down 9.1% vs. 2021 and are down 9.0% year-to-date. Total European shipments of newsprint in May were down 7.6% vs. 2021 and are down 6.4% year-to-date. Total European shipments of sc-magazine in May were down 8.0% vs. 2021 and are down 9.3% year-to-date. Total European shipments of coated mechanical reels in May were down 22.0% vs. 2021 and are down 19.4% year-to-date. Total European shipments of uncoated mechanical (improved & others) in May were down 10.6% vs. 2021 and are down 10.2% year-to-date. Total European shipments of coated woodfree in May were UP 3.6% vs. 2021 and are UP 2.6% year-to-date. Total European shipments of uncoated woodfree in May were down 9.9% vs. 2021 and are down 11.2% year-to-date.
Domtar owner Jackson Wijaya recently spoke with reporter Nicholas van Praet, Montreal Journalist from The Globe and Mail. In the article, Wijaya opens up about beginning his business in Canada, his long-term vision, and his approach to leadership and sustainability. The story provides insight into Wijaya’s background and commitment to ensuring Domtar operates sustainably, with an emphasis on responsible management of our forest resources. “I still have faith that the Canadian people and the Canadian government will allow me to continue my investments in Canada,” Wijaya said.
While the merger of Domtar and Paper Excellence has been approved by the Competition Bureau of Canada, part of the approval means the Kamloops pulp mill must be sold to a third party. On May 11, 2021, Paper Excellence and Domtar, based on Montreal and Fort Mill, S.C., entered reached an agreement for Richmond-based Paper Excellence to purchase Domtar for $55.50 per share, a deal worth about $3 billion in United States currency.
The merger agreement had a provision that limited the obligation to divest assets to no greater than 410,000 dried metric tons of softwood kraft pulp. The Domtar pulp mill in kamloops has 408,000 tons of production and is the company’s only kraft pulp mill in B.C. that is part of the deal. The Competition Bureau of Canada has concluded that the merger would likely lessen competition substantially for the purchase of wood fibre — a key input in the manufacture of pulp — from the Thompson/Okanagan region.