Suzano Presentation | Joint Venture with Kimberly-Clark

International Paper announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) equity value. The sale is subject to regulatory approvals in Russia. This transaction indicates ~$3.5 billion in total enterprise value (TEV) for Ilim based on a ~3.1X EBITDA multiple on 2022 full-year results*. The Company also received an indication of interest from its JV partners to purchase all of the Company's shares (constituting a 2.39% stake) in JSC Ilim Group for $24MM (USD) on terms and conditions to be agreed. The Company intends to pursue an agreement to sell the JSC Ilim Group shares, and to divest other non-material residual interests associated with Ilim, to its JV partners.

On Wednesday, 28 May, a ceremony was held in Mönsterås to mark the start of construction of Södra’s new kraft lignin plant. The facility is an important step in Södra’s…

UPM Adhesive Materials will increase its production capacity in North America by installing proprietary multifunctional coating technology at its Mills River facility in North Carolina. The upgrade is designed to expand local supply of high-performance label materials used in wine and spirits, pharmaceuticals, industrial labeling, and postal applications, based on a company announcement from UPM Adhesive Materials. The Mills River factory, which has operated under the Raflatac brand for more than 25 years, currently produces paper and film-based label materials. With this investment, it will broaden its output to include higher-value laminates with enhanced functionality and visual appeal, catering to increasing demand in specialized packaging markets.