Canfor Corporation reported net income attributable to shareholders of $81.3 million, or $0.61 per share, for the second quarter of 2017, compared to shareholder net income of $66.1 million, or $0.50 per share, for the first quarter of 2017 and a net income attributable to shareholders of $36.0 million, or $0.27 per share, for the second quarter of 2016. For the six months ended June 30, 2017, the Company’s shareholder net income was $147.4 million, or $1.11 per share, compared to $62.0 million, or $0.47 per share, for the six months ended June 30, 2016. The Company’s adjusted shareholder net income for the second quarter of 2017 was $104.2 million, or $0.78 per share, compared to an adjusted shareholder net income of $59.3 million, or $0.45 per share, for the first quarter of 2017, and adjusted shareholder net income of $26.5 million, or $0.20 per share, for the second quarter of 2016. Click Read More below for additional details.

Sustana, an innovator of clean materials and the industry-leading producer of sustainable, recycled fiber-based products and services, today announced the appointment of Nathan Jeppson as Chief Executive Officer, succeeding Fabian de Armas. Mr. Jeppson brings more than 20 years of leadership experience driving growth and innovation at premier manufacturing, industrials, and materials businesses, including global roles at Shell Chemical LP and Dow (NYSE: DOW). “Sustana is leading the way in producing sustainable, high-quality, fiber-based materials while minimizing waste, preserving natural resources, and protecting biodiversity. I am deeply energized by the growth opportunity ahead as businesses increasingly embrace sustainability and responsible supply chain management,” said Mr. Jeppson. “The company has experienced meaningful growth under Fabian’s leadership, and I am excited to work alongside the team at Sustana to drive the company’s next stage of growth.”

To further strengthen Holmen's market-leading position in book paper and increase production of Holmen's new packaging product, INNR, the company is investing SEK 450 million in rebuilding a paper machine at Braviken Paper Mill. "In 2022, we launched a new corrugated board product, Holmen INNR, which has been well received by the market. Holmen's paper products have a low climate footprint and are lighter than traditional alternatives, making them resource efficient without compromising on strength, quality or overall feel," says Lars Lundin, Senior Vice President Paper. Rebuilding PM52 at Braviken Paper Mill will broaden the product range for book paper while enabling Holmen to efficiently increase the production of fluting for use in the centre layer of corrugated boxes. The rebuild is planned for autumn 2024 with an estimated cost of SEK 450 million.