Resolute Forest Products Announces SC Price Increase

Weyerhaeuser Company today announced effective immediately the ban of all campfires on its lands in Flathead, Lake, Lincoln, Missoula, Sanders and Ravalli counties in Western Montana due to high fire danger. The ban will remain in effect until further notice.

Rayonier Advanced Materials Inc. and Tembec Inc. announced that, as a result of legislation that went into effect today, approval of the acquisition by Rayonier Advanced Materials of all of the outstanding shares of Tembec under the Investment Canada Act is no longer required as a closing condition of the Transaction. This new legislation, entitled the Canada-European Union Comprehensive Economic and Trade Agreement Implementation Act, provides for, among other things, the increase of the threshold for governmental approval of an acquisition of a Canadian business by certain non-Canadian investors (including investors from the United States, such as Rayonier Advanced Materials) from an enterprise value of the Canadian business of CDN$1 billion, to CDN$1.5 billion. As such, the Transaction falls below the new threshold. Subject to obtaining other necessary and customary governmental approvals relating to certain forestry and energy-related agreements, as well as the satisfaction or waiver of the conditions to the Transaction, it is expected that the Transaction will be completed in the second half of the fourth quarter of 2017.

Papierfabrik August Koehler SE, based in Oberkirch, recently celebrated the official groundbreaking ceremony for a new paper machine. Watched by some 145 invited guests, including the shareholders of Koehler Holding GmbH & Co. KG, the ground was broken by the Koehler Executive Board and representatives of the contracted construction firms Bold GmbH & Co. KG and Rendler Bau , Dr. Michael Trefz (Voith Paper Holding), the architects Alfons Burkart (archigroup GBR) and Thomas Schweiker (Schweiker Architekten), and the Kehl Building Commissioner Harald Krapp. In his welcome address, CEO Kai Furler, who is the eighth generation of his family to lead Koehler, underlined the fact that the Kehl site, with its three paper machines, will be the largest and most modern production site for specialty papers in Europe. This investment is the most significant in the 211-year history of the company. During its global search for a perfect site for the new production facility, the company came to the conclusion that there is no need to search far and wide when the answer is so close to home. Click Read More below for additional information.