The Navigator Company announced today to its Customers that it will be increasing prices across its uncoated woodfree papers portfolio in Middle East, Africa, Asia, Oceania and Latin America, and it will be effective from 1st of January 2018, ranging from 5% to 7%.
http://en.thenavigatorcompany.com/var/ezdemo_site/storage/original/application/437acad42645b4f9cde42af4c066407b.pdf
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• Q1 GAAP net income of $87 million / $1.06 per diluted share • Adjusted EBITDA of $221 million • Net debt at $449 million / liquidity at $653 million at quarter-end • Repurchased 1.7 million shares in Q1 (2%) / 8.7 million in last twelve months (10%) • Recent U.S. pension relief measures to improve free cash flow by approx. $30 million/year • Target to reduce GHG emissions by 30% against 2015 levels by 2025
UPM inaugurates today its new pulp terminal in the port of Montevideo, Uruguay. This investment of approximately USD 280 million is a fundamental part of UPM’s USD 3.47 billion growth investment in Uruguay that includes a state-of-the-art pulp mill in Paso de los Toros, new eucalyptus tree nursery as well as local community investments in Paso de los Toros. “This is a significant milestone in our growth project in Uruguay. The new pulp terminal with direct connections from the new pulp mill and to the global markets plays a key role in the growth and competitiveness of UPM’s pulp business,” says UPM President and CEO Jussi Pesonen. “The public infrastructure investments to the deep sea port and railway improve the competitiveness of all export sectors in Uruguay.”
Kruger has announced a US$40/MT (45 gsm) newsprint price increase effective on all shipments made on or after June 1, 2018. The transaction price for all other basis weights and other Uncoated Groundwood products (Krubook and Krubrite) will be adjusted accordingly.