SCA intends to invest SEK 1,45bn in the production of chemically pre-treated thermo-mechanical pulp (CTMP) at the Ortviken paper mill in Sundsvall. In parallel, SCA is initiating consultations with trade unions and employee representatives to discontinue the production of publication paper at the mill. SCA intends to invest to achieve an annual production volume of 300,000 tonnes of CTMP pulp at Ortviken, using the existing infrastructure. Currently, SCA produces coated and uncoated publication paper on three paper machines at Ortviken paper mill with annual sales of approximately SEK 4bn. Demand for publication paper in Western Europe has declined by approximately 5% per year since 2008.

Seaman Paper Company is pleased to announce the acquisition of South Windsor, Connecticut-based Eagle Tissue LLC, a provider of tissue paper printing and converting services. “We believe this acquisition will greatly improve the service and production capabilities of both Seaman and Eagle, and we expect our customers to benefit from this enhancement,” said Ken Winterhalter, CEO of Seaman Paper. “Importantly, the team at Eagle Tissue shares our passion for people and the planet, and their hard work and dedication to customer relationships align perfectly with our core values at Seaman Paper.” “We are excited to join such an incredible team of like-minded people. We have grown our business and partnerships over the last 26 years, and I believe this is the perfect next step for Eagle,” added Bob Costa, CEO of Eagle Tissue.

Clearwater Paper Corporation announced a preliminary update to the company’s previous outlook for second quarter 2020 Adjusted EBITDA of $45 to $55 million. Due to demand, production, and cost trends in April and May that were more favorable than previously anticipated, the company now expects Adjusted EBITDA for the second quarter of 2020 to be in the range of $71 to $77 million. In addition, in connection with its fourth quarter of 2019 earnings call, the company provided its outlook expectations for certain revenue and cost components for the full year of 2020. Due to anticipated performance in the second quarter of 2020, the company now believes that it will, in the aggregate, outperform the previous full-year expectations. The company will provide greater details regarding its performance and results for the second quarter of 2020 on its upcoming earnings call on August 4, 2020.