The World Trade Organization has agreed to establish two panels to examine Canada’s complaint about duties imposed by the United States on softwood lumber imports, reports CBC. The Canadian government requested the WTO on March 27 to set up a panel to examine the dispute after consultations with the United States in January failed to resolve the matter. The country also requested a second panel to review the US’s use of differential pricing methodology in its anti-dumping determinations. The United States objected to these requests.

Glatfelter reported net income of $12.1 million, or $0.27 per diluted share for the third quarter of 2017 compared with net income of $19.6 million, or $0.44 per diluted share in the third quarter of 2016. Adjusted earnings for the third quarter of 2017 was $21.9 million, or $0.50 per diluted share compared with $24.0 million, or $0.54 per diluted share, for the same period a year ago. On an adjusted basis, earnings before interest, taxes, depreciation and amortization and excluding pension expense (“Adjusted EBITDA”) for the three months ended September 30, 2017 and 2016, totaled $50.6 million and $49.1 million, respectively, an increase of 3.1%. Adjusted earnings and Adjusted EBITDA are non-GAAP financials measures for which reconciliations to the nearest GAAP-based measure are provided within this release. Consolidated net sales totaled $413.3 million and $405.3 million for the three months ended September 30, 2017 and 2016, respectively. In the Composite Fibers and Advanced Airlaid Materials business units, net sales increased by 5.0% and 6.6%, respectively, on a constant currency basis. Specialty Papers’ net sales declined 4.0% in the quarter-over-quarter comparison. Click Read More below for additional information.

We would like to provide an update regarding today’s announcement by West Linn Paper Company that it is ceasing operations. It is with disappointment that we learned of West Linn Paper’s closure. The mill has a proud history of 128 years, including the past 20 years since it was restarted under the current ownership. We understand that operating as a non-integrated paper mill was ultimately impossible in today’s challenging marketplace, particularly given recent events resulting in a significant reduction of pulp availability. At Port Hawkesbury Paper, it will be business as usual. Click Read More below for additional information.