Ahlstrom Completes the Acquisition of Pixelle’s Stevens Point Paper Mill

Q2 2017 highlights: • Comparable EBIT increased by 2% to EUR 270 million (264 million in Q2 2016). • Favourable market demand continued. • High maintenance activity and seasonally higher fixed costs impacted comparable EBIT by approximately EUR -20 million compared with Q2 2016, EUR -45 million compared with Q1 2017. • Solid operating cash flow at EUR 269 million (434 million). • Net debt decreased to EUR 1,046 million (1,876 million). • UPM announced new focused investments at the Kaukas pulp mill and Tampere labelstock factory. Click Read More below for additional details.

As part of optimising the Rottneros Group, a new organisation is introduced with a group-wide sales organisation and a site manager for each mill. At the same time, a group-wide safety function is established, which becomes part of the Human Resource Department. The purpose of the new organisation is to create an increased focus within each sub-area. Through the new organisation, the mills can focus wholeheartedly on productivity, quality, environment, costs and completion of Agenda 500. The common safety function also means that we will be able to get even more out of our high-priority safety work in the future, while it can be conducted in an efficient way, comments Lennart Eberleh, President and CEO of Rottneros. Click Read More below for additional information.

Members of the Technical Association of the Pulp & Paper Industry (TAPPI) recently elected Bill Edwards, Domtar’s senior vice president of pulp and paper operations, to serve on the TAPPI board of directors. TAPPI is the leading association for the worldwide pulp, paper, packaging, tissue and converting industries. Through information exchange and events, it has provided management training and networking to the pulp and paper industry’s leaders for more than 100 years. Edwards leads Domtar’s pulp and paper manufacturing, converting/coating operations, and optimization efforts, and he brings more than 30 years of experience in the industry to his role on the TAPPI board of directors.