Sappi increases prices for its LWC and MWC grades prices by 6-8% from July 1st 2018 for all markets due to continued cost increases and strong demand. This follows previous announcements made for its woodfree coated and woodfree uncoated grades.
https://www.sappi.com/sappi-increase-lwc-and-mwc-grade-prices
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Neenah, Inc. announced a number of operational changes consistent with the Company’s commitment to accelerating growth, strengthening margins, and creating value for customers and shareholders. Actions include: *Investing $13 million in new release liner coating capacity in support of its growing specialty coatings business and the recent ITASA acquisition *Restarting an idled Fine Paper & Packaging asset in support of its premium packaging business *Ceasing operations at its Appleton, Wisconsin facility. “These actions will drive accretive value and accelerate efforts toward our long-term revenue growth goal of 5% annually with strong, consistent margins. Both the investment in coating capacity for release liners and the start-up of an idled asset in support of premium packaging are aligned with our strategy to extend our capabilities into larger, growing markets with customers that value unique, premium solutions,” said Julie Schertell, Neenah’s President and Chief Executive Officer. “Closing a facility is always a difficult decision and not one we take lightly. This decision is not a reflection of our employees or their efforts, as the team has consistently worked hard to overcome obstacles, improve safety and drive results. We'll continue to provide innovative filtration solutions and serve customers from our other manufacturing facilities in Europe and North America.”
Ahlstrom-Munksjö taking the first step towards a potential capacity expansion plan at its Louveira plant in Brazil. “Demand for filtration media in South America is expected to continue to grow in the coming years and we clearly foresee the need to increase capacity in the future to support the growing demand for filtration media in the region” states Fulvio Capussotti, Executive Vice President of the Business Area Filtration & Performance. “The acquisition of this land constitutes an important steps towards our overall ambition to further develop an industrial platform in South America that will enable us to continue to support our filtration customers in the region for the years to come” he adds. Click Read More below for additional information.
Q2 2023 highlights • Sales were EUR 2,558 million (2,562 million in Q2 2022) • Comparable EBIT decreased by 71% to EUR 114 million, 4.5% of sales (387 million, 15.1%) • Delivery volumes were impacted by destocking in various product value chains • Pulp and energy prices decreased to cyclical bottom levels • Operating cash flow was EUR 459 million (-879 million), supported by cash inflow from energy hedges • UPM Paso de los Toros pulp mill in Uruguay ramping up production according to the plan • The OL3 nuclear power plant unit began regular commercial electricity production • Permanent closures of PM6 at UPM Schongau, Germany and PM4 at UPM Steyrermühl, Austria