Paper Excellence is proud to announce the acquisition of an interest in the Atli Chip Limited Partnership. The Partnership has acquired the assets of the North Island Chipping facility situated in Beaver Cove, BC, located on the traditional territory of the ‘Namgis First Nation. The facility is capable of processing 300,000 to 400,000 m3 of chips per year for use in the pulp and paper industry from local supplies of pulpwood and salvage wood. Atli Chip Limited Partnership is majority owned by Atli Resources LP with minority stakes owned by Paper Excellence and Wahkash Contracting Ltd.

Norske Skog’s EBITDA in the first quarter of 2024 was NOK 76 million, a decrease from NOK 760 million in the fourth quarter of 2023. The fourth quarter EBITDA was significantly influenced by business interruption insurance of NOK 625 million at Norske Skog Saugbrugs. The first quarter EBITDA was negatively impacted by deconsolidation of Norske Skog Tasman of NOK 46 million and lower European CO2-allowance prices of NOK 32 million. Demand for publication paper is stabilising, but further capacity closures are still required. Containerboard demand is increasing but still experiences excess capacity. “We are very satisfied with the demand for our publication paper products in the first quarter. We have invested close to EUR 500 million into containerboard and energy projects over the past three years, and we still maintain a very strong balance sheet and cash position. We are highly satisfied with the production ramp-up at Bruck. The feedback from our customers on product quality is positive, and this is promising for our plan to deliver a total of 760 000 tonnes of packaging paper from Bruck and Golbey into the market in the coming years. Along with the Saugbrugs management team, we have continued to identify future opportunities for Saugbrugs industrial site, and we hope to announce further details during the second quarter,” says Geir Drangsland, CEO of Norske Skog.

Over the course of the last 12 months, we have experienced negative cost pressure due to inbound/outbound freight issues, higher import tariffs, and increased costs of raw materials. These costs have impacted our entire range of products. Until now, improvements in manufacturing and logistic efficiencies have enabled us to mitigate increased costs. However, we are no longer able to absorb the full impact of these costs on our business. Effective on orders received on or after January 18, 2021 we will implement a 6% price increase on all stock and custom orders. Thank you for your understanding and your continued support of 3A Composites.