3A Compsites Announces Price Increase

Production at Metsä Group's board mills and sawmills will be temporarily shut down due to the ongoing strikes. Production at the Rauma, Vilppula, Renko and Lappeenranta sawmills will stop on Friday 22 March. The production of board mills in Simpele, Kyro, Tako (Tampere) and Äänekoski is expected to stop on Monday 25 March. Previously, the production at Metsä Group's pulp and board mills in Kemi, pulp and BCTMP mills in Joutseno and the BCTMP mill in Kaskinen has been shut down. The mills can be started up when raw material is available and product transports start.

Highlights: *4Q21 Reported EPS of $2.19, down 4% driven by impact of extra week in prior year *4Q21 Net sales increased 9.7% to $2.2 billion *FY21 Reported EPS of $8.83, up 34% *FY21 Net sales increased 20.6% to $8.4 billion. “2021 marked the company’s tenth consecutive year of strong top- and bottom-line growth,” said Mitch Butier, chairman, president and CEO. “We delivered 19 percent revenue growth on a constant currency basis and 25 percent adjusted earnings per share growth, while generating record free cash flow.

Resolute Forest Products Inc. announced additional capital investments of $50 million in its wood products operations to support its continued growth, and it confirmed the repayment of all amounts outstanding under its revolving and term credit facilities, reducing debt by $180 million in the second quarter. The additional $50 million in wood products investments include: $22 million to modernize equipment at the Senneterre (Quebec) sawmill, which will enhance overall efficiency and productivity of the Abitibi regional operations; $13 million at the Thunder Bay / Fort William First Nation (Ontario) sawmill to increase capacity by up to 40 million board feet with new equipment and modifications to the fiber flow; and $15 million at the Glenwood (Arkansas) and Cross City (Florida) sawmills to support fiber optimization and overall efficiency. The Cross City investment will also increase capacity by up to 20 million board feet. Each of these projects will serve to generate additional value from Resolute's wood products segment across market cycles.