Irving Paper Announces Price Increase

We herewith announce a price increase of 5 - 7 % for all our uncoated fine paper products. It will be implemented for deliveries starting from 2nd January 2018. This price increase is primarily caused by continuously increasing fibre input cost and general cost inflation.

Sylvamo's board of directors entered into a cooperation agreement with Atlas Holdings, its largest shareowner, adding two new independent directors to its board. Effective March 1, Sylvamo will add Karl Meyers and Mark Wilde, expanding the company's board to 11 directors. "We look forward to welcoming Karl and Mark to our board," said Jean-Michel Ribiéras, chairman and chief executive officer. "They will bring valuable expertise to Sylvamo." The cooperation agreement includes customary restrictions and voting commitments. Sylvamo will nominate Meyers and Wilde for election with its other directors during its 2023 annual shareowners meeting. The board also determined it would terminate Sylvamo's shareholder rights plan immediately.

The permit covers the new biorefinery operations as well as the necessary modifications required at the pulp mill to create the desired synergies between operations. A comprehensive application was submitted. Over a period of many years, the project team has conducted investigations and consulted with the authorities and the general public. The court decision that was received yesterday covers 184 pages alone. Work to examine the court decision is now fully underway. “From what we have seen so far, it seems as though the court has taken our point of view for the most part and accepted the conditions that we have proposed,” explains Roger Östlin, Project Manager. “On October 21, we will find out if the ruling will gain legal force or if it will be appealed.”