Felix Schoeller Group: Energy surcharge as of December 1, 2021

GT2 Redevelopment LLC, a Joint Venture of New Mill Capital Holdings, Infinity Asset Solutions and Camjay LLC, has acquired the assets of Pixelle Specialty Solutions in Jay, ME. The acquisition includes the real estate of the main paper mill site as well as all mill equipment and the adjacent cogeneration power plant. “We are thrilled to have acquired the Jay mill and plan on making a significant investment to bring economic life back to the property,” said Tony McDonald, President of Camjay. “The site’s heavy infrastructure can be repurposed for a variety of industrial uses, and we have already started the process of identifying potential new users for the property.”

Ilkka Hämälä, President and CEO of Metsä Group, has been appointed the new Chairman of Cepi, the European Confederation of the Paper and Pulp Industry as of January 1, 2022. Hämälä's mandate will last for two years. Cepi is an influential trade association which represents 500 companies in the forest and bio-based sector operating more than 890 pulp and paper mills across Europe and directly employing 180,000 people through 18 national associations. Cepi represents the forest industry in the various EU institutions with the aim of improving the competitiveness of the European forest industry. “The European forest industry produces wood-based products for people’s daily lives. The strong forest industry contributes to the wellbeing of the entire continent. Our task is to ensure that the sustainability of the wood-based products and the forest industry, as well as the industry’s social significance are understood in EU decision-making, ”says Ilkka Hämälä.

We are pleased that practically all stakeholders targeted in the consent solicitation process are supporting for a consensual recapitalization of the current Norske Skog group. We will now spend time to ensure the registration and documentation of formal support for the recapitalization occurs. Equally important, we will do our outmost to obtain the support to the recapitalization from the holders of the NSF and the 2115 Perpetual Notes holders," said Mr. Christen Sveaas, Chairman of Norske Skogindustrier ASA. Regardless of the outcome of the recapitalization process, the business operations at our seven paper mills will continue as normal. Click Read More below for additional information.