Major Announcements

WestRock Company announced it will permanently cease operating its paper mill in North Charleston, South Carolina, on August 31, 2023.

Cascades is also announcing the permanent shutdown of paper machine number 2 at its Niagara Falls, New York mill, which had been temporarily shut down since November 2022.

In a first-quarter earnings report released Tuesday, Graphic Packaging International said it will close its recycled paperboard mill in Tama in the second quarter of 2023. A filing with Iowa Workforce Development shows the company will lay off 85 workers, effective June 2.

Packaging Corporation of America has notified its Wallula mill employees the mill will be idled and won't resume operations until later this year.

Arctic Paper S.A. announces that the group's CFO Göran Eklund will retire at the end of June 2023 and will be replaced, with effect as of May 29, by Katarzyna Wojtkowiak, who is currently Chief Accountant.

Boise Cascade's Building Materials Distribution (BMD) division announced it has finalized the purchase of a five-acre site in Birmingham, AL.

Conifex Timber Inc. announced that Andrew McLellan has been promoted to President and Chief Operating Officer.

PotlatchDeltic Corporation announced that Jerry Richards will relocate to accept an opportunity with another company. Mr. Richards has resigned as the Company's Vice President and Chief Financial Officer, effective April 19, 2023 and he will be focused on ensuring a smooth transition through his final day on May 12, 2023. Mr. Richards joined the Company in 2013.

UPM has received the final operating authorization for its new UPM Paso de los Toros pulp mill from the environmental authorities. The start-up of the mill commences immediately, and first customer deliveries are expected to ship in May.

Rajeski's Expanded Role Includes Responsibility for Overseeing all Aspects of the Business.

Mercer Peace River (MPR) announces the completion of the Fibre Procurement Project. This milestone was celebrated with a ribbon cutting in front of the newly revitalized woodroom at the MPR site with dignitaries in attendance.

The strategic review includes exploring different options and may result in divestments, although no such decisions have yet been taken.

Cascades will work closely with its 300 affected employees to mitigate the impact of this announcement.

Norske Skog Bruck started its containerboard production last week, introducing 210,000 tonnes of competitive testliner and fluting capacity to meet the growing demand for renewable packaging. The production is based 100% on recycled fibre and will use steam from the new waste-to-energy plant, which opened in April 2022.

Streamlines Senior Leadership to Accelerate Business Performance.

Interfor Corporation provided an update on its ongoing director succession process. The Company has updated its diversity target for its board of directors ("Board") and commits that at least 30% of its Board members will be women by its next annual general meeting of shareholders ("AGM") in 2024.

Henrik Ehrnrooth was elected as Chair, and Kim Wahl as Deputy Chair of the Board of Directors of UPM-Kymmene Corporation at the Board of Directors' constitutive meeting that took place today following the Annual General Meeting.

Clearwater Paper Corporation announced the planned departure of Michael Murphy as senior vice president and chief financial officer. Mr. Murphy will continue to serve as the chief financial officer and assist the company in the transition through the second quarter of this year.

Gov. Roy Cooper urged the operators of a large western North Carolina paper mill set to shutter to find a way to keep it running, saying a closure would have a "devastating effect" on the region and its people.

The terminal consolidates Klabin's logistics strategy in the State of Paraná.

ND Paper, which is owned by Nine Dragons Paper Limited paper manufacturing company in China, is "taking extended downtime," at the mill, spokesperson Jay Capron said Tuesday afternoon. He cited the rising cost of fiber, along with energy costs and market conditions as reasons.

Major milestone in the transformative growth investment in Uruguay.

With the company entering its next growth phase as the first manufacturer solely dedicated to decor paper, Manfred will succeed current CEO Tomas Wulkan, who has led Munksjö since 2018, first as a division of Ahlstrom-Munksjo and most recently as an independent company.

"The public deserves much more transparency from Paper Excellence..."

It is well known that Jackson Wijaya, the ultimate and sole owner of Paper Excellence, is the son of the current head of APP. In the early days, Jackson benefited from some experience gained from the family business early in his life, as well as support getting his company started. This is hardly a unique or exceptional circumstance. The situation is entirely different today. Jackson operates his Paper Excellence independently. Many stakeholders and regulators - global funding institutions, regulatory bodies and certifiers, among others - have acknowledged this reality. Paper Excellence's acquisition of Resolute was extensively reviewed under the Investment Canada Act.