Canfor Pulp’s Northwood Pulp Mill to Resume Operations
Following the announcement of a tentative agreement in the labour dispute at B.C. ports, Canfor Pulp Products Inc. (TSX:CFX) is announcing that Northwood Pulp Mill in Prince George will resume production next week (the week of July 17).
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Mondi Paper Sales Announces Price Increase
We herewith announce a price increase of 3 - 6% for our high-speed inkjet and office paper business in the USA and Canada. Specifically we will increase • DNS® premium starting for all deliveries 1 June 2018 • MAESTRO® special with starting for all deliveries 1 July 2018 • DNS® high-speed inkjet and all NEUJET® grades starting for all deliveries 1 July 2018. This increase is necessary due to continuous and drastic fiber price increases, transport cost rises and general inflation in other cost positions.
Clearwater Paper Reports Fourth Quarter and Year End 2024 Results
“2024 was a transformational year for Clearwater Paper. We took significant steps to focus our strategy on becoming a paperboard packaging company. We acquired a high-quality manufacturing facility in Augusta, Georgia, increasing our paperboard capacity by nearly 75% and improving our geographic footprint in North America,” said Arsen Kitch, president and chief executive officer. “We also divested our tissue business for $1.06 billion at closing and used the proceeds to de-lever our balance sheet and
Net sales from total operations were $483 million for the fourth quarter of 2024, down 6% compared to fourth quarter 2023 net sales of $513 million. Net income from total operations for the fourth quarter of 2024 was $199 million, or $11.91 per diluted share which includes $307 million of gain on sale of the tissue division ($219 million after tax) compared to $18 million for the fourth quarter of 2023, or $1.06 per diluted per share. Net sales from total operations were $2.2 billion for 2024, an increase of 6% compared to 2023 net sales of $2.1 billion. Net income for 2024 was $196 million, or $11.70 per diluted share, compared to $108 million for 2023, or $6.30 per diluted share.