NORPAC Announces Price Increase on Newsprint

Aki Temmes has been appointed Senior Vice President, Business Control & Finance Operations at UPM as of 1 January 2021. He will be based in Helsinki reporting to Tapio Korpeinen, CFO, UPM. Aki Temmes is currently Senior Vice President, UPM Timber. He joined UPM in 2003 and has previously held several Business Control leadership positions in UPM Biorefining and earlier in UPM’s paper business areas. Aki Temmes holds a Master’s degree in Finance from University of Tampere and an Executive MBA degree from Hanken School of Economics.

Helen Mets, President and CEO, comments on second quarter 2024: Ahlstrom delivered another strong performance in Q2. Our profitability improved once again, while cash flow remains solid. Obsessed with our customers and the markets we serve; we launched several innovative new products − including fluorochemical-free filtration and paper-based pet food materials − to meet the growing need for safe and sustainable solutions. We also refined our strategy and streamlined our organization to accelerate our growth transformation. In addition, our Q2 pulse survey showed an increase in employee engagement. The latest engagement score places Ahlstrom close to the level of the top 10% of companies in the manufacturing industry. I am proud of the progress that we continue to deliver. During the second quarter, market activity continued to strengthen. Adjusted for Stenay divestiture deliveries increased compared to both the previous quarter and the previous year. Comparable EBITDA also grew, supported by an increasingly strong margin on variable cost per ton. This improvement can be attributed largely to our transformation initiatives, including disciplined price management and cost efficiency measures. Overall, cash flow remained solid, supported by the higher profitability, efficient working capital management, and sustainable lower capital expenditure.

We are very happy to be at Hunkeler Innovation Days celebrating the relaunch of Crown Van Gelder International B.V. Not only is CVG now in its best financial position in our 126 year history (debt free with 30 million Euros of equity), we will actually be able to grow our 250 person work force this year. At this show, we are running our new Crown Letsgo High Performance Mail Card (235 micron / 9 pt) stock at 150 m/min on the HP PageWide Advantage 2200. This development testifies our core capability: achieving excellent inkjet print quality, with unrivaled ink consumption reduction, minimal drying requirements and highest output. A 20% better yield than other typical 7 and 9 point papers tops it off. Material savings, energy savings and postal savings. We are happy to announce that EPAC Technologies, Inc is our lead partner in CVG’s relaunch. EPAC’s solutions and technology combined with CVG’s paper knowledge will bring unmatched benefit to our customers. EPAC already provides integrated solutions to publishers, book printers, and now CVG will be able to bring these benefits to many more printers.