Twin Rivers Paper Company has reached a definitive agreement to sell its softwood lumber mill in Plaster Rock, New Brunswick, to eastern Canadian lumber manufacturer and North American forest products leader Groupe Lebel. Group Lebel is a longtime supplier to Twin Rivers Paper. The transaction includes a long-term supply agreement for the Plaster Rock mill to continue providing Twin Rivers Paper with by-product chips and biomass utilized by the company’s pulp and cogeneration operations in Edmundston, New Brunswick.

Lecta announces a price increase on all its Specialty paper grades of 10% effective for deliveries from 1 April 2021 for all European and Overseas markets. The increase is necessary due to the sustained increase in prices of pulp and chemicals along with the sharp increase of freight costs. This follows Lecta’s previous announcement made on Thermal paper grades.

KPLP Q2 2022 Business and Financial Highlights • Revenue was $397.5 million in Q2 2022 compared to $339.3 million in Q2 2021, an increase of $58.2 million or 17.1%. • Net loss was $35.5 million in Q2 2022 compared to net income of $2.2 million in Q2 2021, a decrease of $37.7 million. “We delivered another strong quarter of double-digit revenue growth in Q2 2022, but the depth, breadth and speed of inflation severely impacted our operating results and lowered profitability,” stated KP Tissue’s Chief Executive Officer, Dino Bianco. “We expect a partial recovery in the third quarter as successive pricing increases begin catching up with the inflationary curve, productivity gains are felt at our Memphis operations, and extensive cost management initiatives take effect. By the end of the fourth quarter, we anticipate a full recovery based on peaked pulp prices and reduced freight rates along with additional pricing adjustments. Consequently, we are highly confident about returning to a normalized margin in the near term.”