Rayonier Advanced Materials and Tembec Announce Clearance from Germany’s Federal Cartel Office

Koehler has joined the World BioEconomy Circle, a communication platform for stakeholders who have dedicated themselves to the subject of the bioeconomy. The objective of the BioEconomy Circle is to enable discussion of and improve on the latest developments, ideas, and visions in the circular bioeconomy, and to facilitate mutual learning. The BioEconomy Circle has grown substantially since it was introduced by the World BioEconomy Forum™, which was founded in 2018 by Jukka Kantola. The forum brings together a global community of stakeholders, who can use the platform to find out about a broad range of events and other activities in the field of the bioeconomy. It was set up in response to the increasing importance of this field.

Suzano Papel e Celulose announces its consolidated results for the second quarter of fiscal year 2017 (2Q17). In the second quarter of 2017, the pulp segment continued to deliver solid results, driven mainly by strong and healthy demand from Asia. The commodity’s positive fundamentals once again supported successive price increases in all regions. The weaker BRL also had a positive effect on industry profitability. The paper segment remained pressured by Brazil’s caustic macroeconomic scenario. The Suzano Mais Program, which works to strengthen relations with agents at the end of the value chain, helped to enhance the profitability of the paper business. Click Read More below for additional detail.

Norske Skog’s EBITDA in the fourth quarter of 2021 was NOK 422 million, an increase from NOK 111 million in the third quarter of 2021. Sales prices for all grades increased in the quarter as a necessary consequence of unprecedented high energy costs in Europe and a tightened publication paper market situation following significant capacity closures and post Covid-19 demand recovery. The European mills operated at full capacity during the quarter. Cash flow from operations was NOK 317 million in the quarter compared to NOK -99 million in the previous quarter, positively impacted by the improved operating margins, change in working capital and sale of CO2-allowances, but negatively impacted by employee redundancy payments at the Tasman mill in New Zealand. Operating earnings in the fourth quarter of 2021 were NOK 479 million compared to operating earnings in the third quarter of 2021 of NOK -565 million. Net profit in the quarter was NOK 400 million compared to a net loss of NOK 602 million in the previous quarter. Net interest-bearing debt was NOK 1 054 million at the end of the fourth quarter, with an equity ratio of 34%.