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.

Effective with deliveries on or after October 1, 2017, UPM is increasing the transaction price of all Supercalendared and Coated Groundwood grades. The transaction price of Supercalendered (SC) grades will increase $2.00/cwt, including all basis weights and finishes. Grades impacted include: Eco; Impresse; Impresse Plus; Max; Cat; Smart The transaction price of Coated Groundwood grades will increase $1.00/cwt, including all basis weights and finishes. Grades impacted include: Cote; Ultra; Valor; Star. Please note that the Coated Groundwood portion of this price increase is being announced and implemented in addition to our previous price increase letter dated June 2, 2017, implemented on deliveries July 1 and later.

On August 29, 2017, the Department of Commerce (the Department) initiated a less-than-fair value (LTFV) investigation of imports of certain uncoated groundwood paper from Canada.[1] Currently, the preliminary determination is due no later than January 16, 2018. On August 29, 2017, the Department of Commerce (the Department) initiated a less-than-fair value (LTFV) investigation of imports of certain uncoated groundwood paper from Canada.[1] Currently, the preliminary determination is due no later than January 16, 2018. Therefore, pursuant to section 733(c)(1)(A) of the Act, we are postponing the deadline for the preliminary determination by 50 days (i.e., 190 days after the date on which the investigation was initiated). As a result, the Department will issue its preliminary determination no later than March 7, 2018. Click Read More below for additional information.