Sappi Lifts Order Moratorium

UPM moves forward with the development of biochemicals business by evaluating the potential of building a biorefinery in the Chemical Park Frankfurt-Höchst in Germany. The new-to-the-world biorefinery would combine novel technologies and utilize sustainable wood raw material in an innovative way. This opportunity is the outcome of more than five years of extensive technology development and piloting. The planned industrial scale biorefinery would convert wood into bio-monoethylene glycol (bMEG), bio-monopropylene glycol (bMPG) and lignin up to 150,000 metric tons per year. Production would be based on hardwood from sustainably managed forests in Central Europe. Application areas for bio-monoethylene glycol include textiles, bottles, packaging and deicing fluids. Click Read More below for additional information.

Effective with shipments on or after May 15, 2018 Finch Paper will be increasing prices on commercial printing and converting grades in all pack types by 5% to 7% on the following grades: Finch Fine; Finch Fine ID; Finch Fine Color Copy; Finch Opaque and Finch Opaque Digital; Finch Casa Opaque; Finch 94 & Finch 94 Digital; New Leaf Ingenuity and Harmony; Finch Offset, Finch Index and Tag; Finch Reply Postcard 7 pt. and 9 pt.; Finch ThruPut Wove and Finch ThruPut Advantage; Finch Image DME and Finch Deluxe DME; Finch Forms Bond; Finch MOCR Laser; Finch Engineering Bond and CAD Inkjet Bond; Finch Inkjet Products including Digital Web XP, Mailstream, Smartbook Jet, Opaque Jet; Finch Pub Book; Finch Office Papers including all Finch mill and private-label brands; Finch Technical Specialty grades including label facestock and other digital grades.

Financial review H1 2017: The Group's comparable net sales growth was 2% during the first half of the year with a positive contribution from all business segments. Comparable growth in emerging markets was 1%. Growth was strongest in Eastern Europe and Southeast Asia, while net sales declined significantly in India. The Group's net sales grew to EUR 1,511 million (EUR 1,414 million). Foreign currency translation impact on the Group's net sales was EUR 36 million (EUR -39 million) compared to 2016 exchange rates. The majority of the positive impact came from the US dollar, Russian ruble and Indian rupee, while the impact from pound sterling and certain emerging market currencies was negative. Click Read More below for additional detail.