Due to insufficient results and the significant cost increases for pulp and other raw materials, chemicals and logistics Papierfabrik August Koehler SE is increasing its prices for all products by 7 – 12 % for deliveries from January 1st 2018 onwards.
https://www.koehlerpaper.com/en/service/news/meldungen/Price-increase-16-10-2017.php
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Verso Corporation announced the completion of the sale of the company's closed mill in Duluth, Minnesota, to ST Paper 1, LLC, effective May 13, 2021. "Since the idling of the Duluth Mill in July 2020, we have been working diligently to find a viable and sustainable alternative for the Duluth Mill," said President and Chief Executive Officer Randy Nebel. "We are pleased to have found a buyer who plans to operate the Duluth Mill in the future, providing local employment opportunities and serving the local business community and residents of the Duluth area."
Q2 2017 highlights: • Comparable EBIT increased by 2% to EUR 270 million (264 million in Q2 2016). • Favourable market demand continued. • High maintenance activity and seasonally higher fixed costs impacted comparable EBIT by approximately EUR -20 million compared with Q2 2016, EUR -45 million compared with Q1 2017. • Solid operating cash flow at EUR 269 million (434 million). • Net debt decreased to EUR 1,046 million (1,876 million). • UPM announced new focused investments at the Kaukas pulp mill and Tampere labelstock factory. Click Read More below for additional details.
Financial summary for the quarter: *Severe impact from Covid-19 on profitability *EBITDA excluding special items US$26 million (Q3 2019 US$118 million) *Loss for the period US$73 million (Q3 2019 Profit of US$8 million) *Net debt US$1,977 million (Q3 2019 US$1,728 million) *EBITDA from packaging and specialities segment increases 109%. For the quarter dissolving pulp (DP) and graphic paper sales volumes were 29% and 40% lower respectively. In response, a number of cost containment initiatives were implemented which, along with a positive currency movement, resulted in fixed costs being US$67 million less than the equivalent quarter last year. Consequently, the group generated EBITDA excluding special items of US$26 million compared to US$118 million in the equivalent quarter last year, which led to a decline in profitability and a loss of US$73 million for the quarter.