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• Q1 2022 reported operating loss of $26 million; net loss of $20 million, or $0.31 per share • Notable uptick in global US-dollar pulp list prices in Q1; ongoing global supply chain challenges resulting in majority of price gains being realized in Q2 and Q3 • Lower furnace rebuild of recovery boiler number one (“RB1”) completed mid-April; focused on optimizing production performance going-forward • Together with Canfor Corporation, announced the implementation of a comprehensive plan to achieve net-zero carbon emissions by 2050 • Available liquidity of $111 million at March 31, 2022
Drytac, the leading international manufacturer of self-adhesive materials for the large-format print and signage markets, is delighted to announce that it will once again feature at this year’s edition of the ISA Sign Expo. Taking place from April 23-25 at the Mandalay Bay Convention Centre in Las Vegas, Nevada, the ISA Sign Expo is one of the best-attended events on the global signage calendar. Drytac will join a host of other leading manufacturers and suppliers in demonstrating its latest and most popular solutions to an audience of thousands. Drytac will work with several partners to showcase its products, with those in attendance able to see both new and existing materials in action across a range of machines.
The Board of the Paper Workers’ Union has confirmed the negotiated results of the collective labour agreements for the Finnish mills and biorefinery of UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac and UPM Biofuels. An agreement was reached earlier today in the last open negotiations at UPM Specialty Papers. The new collective labour agreements will have a two-year contract period and will enter into force immediately. The agreed wage increases in the collective agreements will take effect from 1 July 2024. "We are pleased that, after long and thorough negotiations, we have reached five agreements where we have jointly developed the content of the agreements to meet the needs of each business," says Riitta Savonlahti, Executive Vice President, HR at UPM.