UPM Raflatac has completed employee consultation processes

Paper is by far the highest volume raw material component in UPM Raflatac self-adhesive labels, and therefore we have no room for compromises in sustainability. At the end of 2023 we reached a remarkable milestone when we achieved our target of 100% certified paper six years ahead of time. In practice it means that all papers we source from year 2024 onwards, whether used as a face paper or a release liner in our labeling materials, are certified under a credible third-party forest certification scheme. Purchasing only certified paper is one of our 2030 responsible sourcing and climate targets. We believe that third-party forest certification is one of the key ways to ensure the sustainability of our paper supply chain, along with supplier assessment, related development activities, and continuous risk monitoring and management. As our paper face and liner materials come from a large number of paper supplier sites, reaching this goal required systematic work and close collaboration with our suppliers. Increasing the share of certified papers was discussed in annual negotiations with the suppliers who supported our target by lowering and removing the hurdles of this development.

Glatfelter announced that its Advanced Airlaid Materials Business Unit (AMBU) was recently recognized for exemplary core values and excellent service by Rockline Industries during their annual State of Rockline strategic supplier event in Sheboygan, Wisconsin on October 4, 2017. The Supply RRITE Award recognizes the supplier that best demonstrates the Rockline core values of Renew, Respect, Integrity, Teamwork and Excellence. Rockline is one of the world’s largest private-label manufacturers of coffee filters and consumer, medical and commercial wet wipes. Glatfelter supplies Rockline with airlaid materials manufactured at its facility in Gatineau, Quebec, Canada. Glatfelter also manufactures airlaid materials in its Falkenhagen, Germany facility, and is planning to be operational with its first U.S. airlaid facility in Fort Smith, Arkansas by early 2018. Click Read More below for additional information.

Interfor Corporation recorded Net earnings in Q1’22 of $397.0 million, or $6.69 per share, compared to $69.7 million, or $1.15 per share in Q4’21 and $264.5 million, or $4.01 per share in Q1’21. Notable items in the quarter: • Acquisition of EACOM Timber Corporation o On February 22, 2022, the Company completed the transaction to acquire 100% of the equity interests of EACOM Timber Corporation (“EACOM”) from an affiliate of Kelso & Company. The acquisition includes seven sawmills with a combined lumber production capacity of 985 million board feet, an I-Joist plant with annual production capacity of 70 million linear feet, and a value-added remanufacturing plant with annual production capacity of 60 million board feet (the “Acquired Eastern Canada Operations”). The Company paid total consideration of $731.2 million which was funded from cash on hand and drawings on the Revolving Term Line. o The Acquired Eastern Canada Operations contributed $5.1 million of Adjusted EBITDA to Interfor’s first quarter results, which is net of $68.0 million recorded in production costs related to fair value adjustments recognized at the acquisition date.