Effective with shipments on or after October 11, 2017, pricing will increase approximately 4-6% on the following grades: New Leaf Ingenuity 100% PCW Sheets and Rolls (96 bright Text & Cover); New Leaf Harmony 100% PCW Sheets and Rolls (93 bright Opaque-Offset). All standard upcharges apply and all customer-specific inventory programs will increase with shipments on or after October 11, 2017.

Norske Skog has over the last few days made meaningful progress with the holders of the EUR 100 million NSF facility and the majority holder of the 2115 Perpetual Notes towards find a mutual acceptable solution where these financial instruments are included in the consensual recapitalization of the Norske Skog group. If a solution is achieved, Norske Skog will have received indicative support from the requisite majority of all relevant financial instruments in the Norske Skog capital structure. Due to the need to include a solution for the NSF facility and the Perpetual Notes in the overall recapitalization proposal, a new consent solicitation to the secured and unsecured noteholders will need to be launched. It is not anticipated that the updated consent solicitation will include any material changes to the terms set out in the current consent solicitation statement. As a new consent solicitation will have to be launched, the current consent solicitation will not be extended and will therefore expire on 3 November 2017 at 17:00 CET. Click Read More below for additional information.

UPM Pulp, UPM Communication Papers and the Paper Workers' Union have reached a negotiation outcome in the collective labour agreement negotiations concerning UPM's Finnish pulp and printing paper mills. "We are pleased that we have reached a negotiated outcome on the new collective agreements and would like to thank the Paper Workers’ Union for the constructive and good spirit negotiations. The contents of the negotiation outcomes now achieved create a good basis for the development of our business in Finland," say Aki Temmes, Executive Vice President of UPM Fibres and Antti Hermonen, Senior Vice President, Operations of UPM Communication Papers. The new collective agreements will have a two-year contract period and will enter into force upon approval by the Paper Workers’ Union’s Board. The union has announced that their Board will discuss the negotiation outcomes at its meeting on 5 June 2024. Negotiations on the collective labour agreements for UPM Specialty Papers, UPM Raflatac and UPM Biofuels will continue.