American Forest & Paper Association Releases August 2017 Boxboard Report

Metsä Board, a leading European producer of premium fresh fibre paperboards and part of Metsä Group, is putting the latest artificial intelligence to good use at its Kemi mill in order to improve the runnability of its white kraftliner on a customer’s corrugating line. Metsä Board will be collaborating with DS Smith, a leading provider of corrugated packaging solutions operating across 37 countries. The analytical solutions and technology are supplied by Valmet, the leading global developer and supplier of process technologies, automation and services to the pulp, paper and energy industries. Metsä Board’s Kyro mill began using artificial intelligence for quality management on its folding boxboard machine last year. Metsä Board is also continuing to investigate different possibilities to implement artificial intelligence on other production lines.

Third quarter of fiscal 2020 financial highlights include: *Net sales of $4.2 billion decreased by 9.7% compared to the prior year quarter *Segment EBITDA margins improved sequentially across both segments in a rapidly changing economic environment *Generated net cash provided by operating activities of $740 million *More than $3.2 billion of availability under long-term committed credit facilities and cash and cash equivalents at June 30, 2020

*Second quarter net earnings (loss) attributable to International Paper of $432 million ($1.09 per diluted share), compared with $349 million ($0.88 per diluted share) in the first quarter of 2021 and $266 million ($0.67 per diluted share) in the second quarter of 2020 *Second quarter cash provided by operations of $766 million and year-to-date of $1.3 billion compared with $1.5 billion year-to-date in the same period of 2020 *Ilim equity earnings of $101 million, bringing year-to-date to $150 million *Share repurchases of $57 million, bringing year-to-date to $186 million *Debt reduction of $796 million, bringing year-to-date to $904 million *Monetized remaining investment in Graphic Packaging for approximately $400 million