The operations of Metsä Group’s only production unit in Russia, the Svir sawmill, have been suspended. Wood procurement in Russia for the Svir sawmill and imports to Metsä Group’s Finnish and Swedish mills has also been discontinued.
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According to the report, total printing-writing paper shipments increased 2% in June compared to June 2023. Total printing-writing paper inventory levels increased 3% when compared to May 2024. U.S. purchases of total printing-writing papers in May increased 9% compared to the same month last year. Individually, U.S. shipments in all 3 major P-W categories (UFS, CFS and MECH) increased in June compared to the same period last year. Uncoated Free Sheet shipments increased 1%, Coated Free Sheet shipments increased 4%, and Mechanical papers shipments increased 7%.
Please be advised with shipments on June 1, 2018 Suzano Pulp and Paper will increase prices by 6% to 8% on the following products: Suzano Branded and Private Label Office Papers; Paperfect Offset Rolls and Sheets, Prisma Bright Offset Rolls and Sheets. All current standard upcharges and terms of sale remain in effect until further notice.
Third Quarter Highlights •Revenue of $245.1 million increased 5 percent, or $12.2 million, from $232.9 million in the prior year. •Operating income of $29.0 million increased 8 percent, or $2.1 million, from $26.9 million in the prior year. •Earnings per diluted share (E.P.S.) of $1.10 increased 16 percent from $0.95 per share in 2016. •On an adjusted basis, E.P.S. of $1.02 in 2017 increased 3 percent from $0.99 in 2016. Adjusted E.P.S. excluded $0.12 per share in 2017 for net proceeds from an insurance settlement, and acquisition, integration, and restructuring costs of $0.04 per share in both years. •Cash generated from operations of $36.2 million decreased from $40.6 million in 2016 while capital spending of $8.0 million in the quarter decreased from $20.8 million in the third quarter of 2016. •A binding agreement was signed to acquire Coldenhove, a Netherlands-based performance materials company and leader in digital transfer media, with annual sales of $45 million. Closing occurred on November 1, with a payment of $45 million. Click Read More below for additional information.