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On October 11, 2023, Paper Excellence announced an additional $175,000 contribution towards wildfire recovery efforts in Shelburne County to follow its $25,000 donation to the Canadian Red Cross Nova Scotia & Atlantic Canada Fires Appeal earlier in the year. The earlier $25,000 donation received matched support from the Governments of Canada and Nova Scotia, leading to a total of $250,000 towards wildfire rebuilding efforts in Nova Scotia and Atlantic Canada. In October, community members in Shelburne County gathered to celebrate the contributions from Paper Excellence, as well as generous contributions of lumber and support from Freeman Lumber, Scotsburn Lumber, and Wilson’s Home Hardware Building Centre in Barrington.
Highlights: *Operating profit for January-September was SEK 1 884 million (January-September 2019: 1 758). Profit was impacted positively by higher profit from Paperboard and Forest, but negatively by price decreases and production curtailments in Paper. *Compared with the second quarter, operating profit increased by SEK 172 million to SEK 714 million as a result of increased prices for wood products, decreased production curtailments in Paper and seasonally lower costs. *Profit after tax for January-September amounted to SEK 1 467 million (1 363), which corresponds to earnings per share of SEK 9.1 (8.1). *On 1 October Holmen completed the acquisition of Martinsons, one of Sweden's leading players in sawn and processed wood products.
Effective with all new and existing orders with confirmed delivery dates of November 20, 2017 or later, Verso Corporation is increasing the transaction price of all Coated One Side (C1S) sheet and roll products by $2.00/cwt USD/$2.50/cwt CAD. This includes, but is not limited to: Sterling® Ultra C1S; Sterling® Litho C1S; Aspect®; OptiLabel™; UniSil™. The increase applies to all basis weights, bulks, finishes and related private label grades. Should you have any questions, please contact your Verso professional sales representative. Thank you for your continued support.