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Displaying Articles 26 - 50 of 325
Felix Schoeller to increase prices for its release liner products

Due to continuous cost increases, Felix Schoeller will raise its prices for release liners globally from June onwards.

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Mill closures in northern B.C. blamed on low timber supply, excessive rules

Government acknowledges need for more supply, blames closures on corporate decisions, markets.

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Suzano to maintain capital discipline, CEO says amid potential IP deal

Brazilian pulpmaker Suzano will maintain its capital discipline and would not make any move solely aimed at growing, as it is focused on adding value for shareholders, Chief Executive Walter Schalka said.

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Stora Enso raises its guidance for the full year 2024 adjusted EBIT

Stora Enso estimates that the previous full year 2024 adjusted EBIT guidance will be exceeded, thanks to successful implementation of profit improvement actions and more favourable market conditions.

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Suzano announces first quarter results and Cerrado Project nears completion

World's largest single pulp production line is set to commence operations in the coming weeks.

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Kimberly-Clark lifts annual forecasts fueled by robust demand, higher prices

Kimberly-Clark raised 2024 sales and profit forecasts after it topped quarterly expectations, banking on higher pricing and steady demand for its premium personal care and household products, sending its shares about 8% higher in early trading.

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North American sawmill capacity declines in 2023 amid falling lumber demand

In 2023, North America's net sawmill capacity decreased by 2%, triggered by diminishing lumber demand and past overproduction issues, according to a report by Russ Taylor Global. This trend has led to the permanent closure of nine sawmills and reductions in shifts, particularly in British Columbia (BC) and the US South, where economic pressures have also forced mills to shut down to balance timber supplies.

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Sappi Europe to hike prices for its packaging and speciality paper products

This increase is necessary to maintain the viability of Sappi's business, the actual amount will depend on the product group: Flexible packaging - 15%, Release liner (CCK & Glassine) - 15%, Label papers - 10%.

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Sonoco Implementing Price Hike for Tubes and Cores in Mexico

Sonoco announced it is implementing a 6% price increase for tubes and cores products sold in Mexico starting with May 2024 deliveries.

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West Fraser sees earnings increase after closing B.C., U.S. mills

Company says it is seeing early financial benefits from recent closures of some of its lumber mills.

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Södra stands strong in new market conditions

Given the market conditions and macro-environment, the first quarter result is in line with expectations. The result reflects the weak trend in construction activity and decreased supply in the raw material market.

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Sonoco Increases Quarterly Stock Dividend for 41ˢᵗ Consecutive Year

The Board of Directors of Sonoco increased its quarterly common stock dividend to $0.52 per share from the previous quarterly distribution of $0.51 per share. This new dividend will be paid on June 10, 2024, to shareholders of record as of May 10, 2024.

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Enviva faces NYSE compliance notice due to 10-K filing delay

Enviva Inc. received a notice from the New York Stock Exchange on April 2, 2024, regarding its non-compliance caused by a delay in filing its 2023 Annual Report. The company has a six-month window to correct this and maintain its stock listing.

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International Paper to seek London listing if it inks deal with DS Smith

DS Smith PLC on Thursday said that an extension had been agreed for its potential takeover by Mondi PLC, though the company still holds a more lucrative offer from International Paper.

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Södra carries out price hikes

Interest in raw materials from family forestry is growing as more and more people see the importance of the forest and opportunities to contribute important solutions to the great challenges of our time. As part of meeting demand, Södra implements price increases on several timber ranges.

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Sappi Europe announces a further price hike for Coated and Uncoated Fine papers

Prices for Coated and Uncoated Fine papers were increased during January and February but not to the levels necessary to maintain a viable business. Cost levels, particularly for pulp and transport have continued to increase heavily and are expected to escalate further in the coming months.

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Sonoco hikes paperboard prices in Europe amid inflation

Sonoco announced it is implementing a €60 per ton, £50 for UK market, price increase for all grades of uncoated recycled paperboard (URB) sold in Europe effective for deliveries after 15th April 2024.

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Rengo to hike corrugated board and carton prices

Rengo Co., Ltd. announces that it will revise the prices of its corrugated board/carton and folding carton. An increase of 10% or more over current prices will be applied to all consignments delivered from April 1, 2024 onwards.

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Suzano posts 39 percent dip in net profit, switches CEO

The firm announced that its board approved Joao Alberto Fernandez de Abreu, current head of rail operator Rumo , as its new CEO, replacing Walter Schalka.

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Södra announces price hike

In order to contribute to the market's future need for biofuel and strengthen the profitability of the forest farm, Södra is adjusting the base price for GROT, i.e. branches and tops, as of February 28.

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SCA to hike kraftliner prices by Euro 80 per tonne

SCA is hiking the prices on white and brown kraftliner in Europe by Euro 80 per tonne. The new price is valid from April 1, 2024.

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Lecta to hike specialty papers prices by 8 to 10 percent

Due to the significant increase in raw material costs, especially driven by pulp, alongside other manufacturing costs related to the recent supply chain constraints in the Red Sea, Lecta announces an unavoidable price increase on its specialty papers ranges of 8 to 10%.

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Sappi Europe to hike prices for its Packaging & Speciality products

This increase is necessary to maintain the viability of Sappi's business, the actual amount will depend on the product.

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Enviva nears bankruptcy amid wood pellet pricing misstep

Enviva, the leading exporter of wood pellets in the United States, is on the brink of filing for Chapter 11 bankruptcy following a significant misjudgment in future commodity prices, which led to substantial financial losses. Maryland-based company might proceed with the bankruptcy filing by the end of this week, pending the expiration of a 30-day grace period due to a missed $24 million interest payment to bondholders, according to reports.

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The plans 2024-2026 within UPM share incentive arrangements

UPM's Board of Directors has approved the commencement of new plans for the period 2024-2026 within the company's two long-term share incentive arrangements: the Performance Share Plan and the Deferred Bonus Plan.

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Displaying Articles 26 - 50 of 325

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