Sappi Europe announces price increase for Packaging and Speciality Papers

Appvion Operations, Inc., announces the first of a comprehensive line of Sustainable Packaging Papers under the MISSION ZERO™ brand with the introduction of recyclable hot and cold beverage grades. • Water-based, dispersible, barrier coating • Manufactured without plastic film • Recyclable and repulpable • Broad basis weight and caliper range for cup sidewall and bottom • Works with all standard converting equipment • Excellent Heat Seal and Printing Surface • Manufactured in FDA cGMP certified facility. “MISSION ZERO hot and cold cup products encourage the transformation, innovation, and optimization in the paper and packaging value chain, a closed loop system, and circular economy by addressing the environmental concerns related to the life cycle of current plastic-coated cups.” said James Taylor, Director, Business Development- Packaging and Specialty Coatings

Stora Enso has decided to start using a valuation method for its forest assets in the Nordics based on market transaction data and change the accounting policy from the fourth quarter of 2020 onwards. Preliminary estimations, based on transactions in those areas in which Stora Enso has forest land, indicate that the value of the Group’s forest assets, including leased land, will be between EUR 6.5 billion and EUR 7.0 billion, compared with the end of Q3/2020 book value of EUR 5.4 billion. The review of the fair value will be completed during the fourth quarter and will take into account also the latest transaction prices. Deferred tax liability will be recognised based on the difference between the forest assets’ book value and their value for tax purposes in the same manner as currently.

Kimberly-Clark Corporation announced that, Mike Hsu, Chairman and Chief Executive Officer, and members of his executive leadership team are unveiling the next phase of the company's transformation, including a new operating model and key commercial initiatives designed to grow its brands and businesses at a faster pace than its categories. "Over the past five years, our global team's dedication and strong execution have positioned us to fully leverage the scale we've built and to catapult Kimberly-Clark into its next chapter of growth," said Hsu. "We are building on the consumer centricity and commercial advantages we've established by moving to a more agile and focused operating structure that we are confident will help accelerate our proprietary pipeline of innovation in right-to-win spaces and improve our growth trajectory, profitability, and returns on investment. We have more than 150 years of history, transforming groundbreaking insights into innovative categories, with products that provide Better Care for a Better World. We are excited to build on the strength of that legacy as we drive for consistent, long-term value creation."