American Forest & Paper Association Releases June 2017 Containerboard Report

or the first quarter of 2018, total revenue decreased by $23.4 million, or 92.5%, to $1.9 million from $25.3 million for the same period of the prior year. Gross loss was $0.7 million for the first quarter of 2018, compared to gross profit of $5.7 million for the same period of the prior year. Click Read More below for additional information.

Global Win Capital Corporation (GWCC) ultimately owned by Shanying International, announced the appointment of Michael Grimm as its new president and chief executive officer. Grimm assumes day-to-day leadership of the North American business unit and underlying investment in North America which includes Phoenix Paper Wickliffe LLC. Mr. Grimm brings more than 30 years of relevant manufacturing experience to his new role. The announcement was approved by the board of directors of GWCC and was shared by Henry Yan Vice President of Shanying International, who remarked that Grimm was a “standout in a long, intensive international search.” Henry also added, “Mike is a strong match for what we were looking for to lead the North American business unit. He brings direct experience in the Uncoated Freesheet market as well as a solid track record of leading manufacturing organizations through highly successful operational and commercial transformations. We welcome Mike and are excited about the extensive knowledge and experience he brings to Phoenix Paper.”

Forest Products Association of Canada (FPAC) appeared before the House of Commons Standing Committee on Natural Resources to speak with Members of Parliament about how government can work with forest sector workers and communities to advance economic recovery and help grow a lower carbon economy for tomorrow. FPAC’s remarks outlined several potential solutions to stimulate the economy, including advancing over 140 shovel ready projects worth over $1.5 billion that can lower Canada’s carbon footprint, increase competitiveness on the global stage, and sustain and grow forestry jobs here at home. FPAC also shared several ideas to secure a sustainable working forest for workers, contractors, and communities, and to improve market access opportunities for Canadian wood-based products and bio-products with customers in Canada and around the world.