Kruger Products successfully starts up TAD tissue plant in Sherbrooke and announces $240 million expansion project

KP Tissue Inc. and Kruger Products L.P. announced the completion of construction and successful start-up of their state-of-the-art Sherbrooke manufacturing facility featuring Canada’s largest and most modern through-air-dry (TAD) tissue machine. The new facility also comprises three converting lines which have been successfully commissioned. Kruger Products also announced a further investment of $240M to expand the Sherbrooke operation with new production lines as well as the construction of a new tissue manufacturing facility over the next three years. This investment is part of the Company’s broader focus on expanding its business and continuing to offer high quality tissue products to customers across North America. The investment announced today is supported by the Government of Québec through Investissement Québec (“IQ”) which is investing $165M in loans.
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Clearwater Paper Reports Fourth Quarter and Year End 2020 Results

For the fourth quarter of 2020, Clearwater Paper reported net sales of $453 million, a 4.0% increase compared to net sales of $435 million reported in the fourth quarter of 2019. Net income for the fourth quarter of 2020 was $23 million, compared to net income in the fourth quarter of 2019 of $2 million. On a non-GAAP basis, Clearwater Paper reported adjusted net income in the fourth quarter of 2020 of $25 million, compared to fourth quarter 2019 adjusted net income of $6 million. For the full year 2020, Clearwater Paper reported net sales of $1.9 billion, a 6.1% increase compared to net sales of $1.8 billion for 2019. Net income for the full year was $77 million in 2020, compared to a net loss for 2019 of $6 million. On a non-GAAP basis, Clearwater Paper reported adjusted net income for 2020 of $89 million, compared to 2019 adjusted net income of $4 million.
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Lecta Introduces Adestor PET Laser MW

For durable, high strength labelling to withstand extreme conditions. Lecta expands its portfolio of Adestor pressure-sensitive products for the industrial, logistics and healthcare industries with the launch of Adestor PET Laser MW. The new Adestor PET Laser Matt White facestock provides excellent performance for outdoor labelling and durable applications (high resistance to water, chemicals and fluctuating temperatures). This new product is HP Indigo certified and ideal for use with variable data printing technologies.
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Verso Corporation Reports Fourth Quarter and Full Year 2020 Financial Results

Net sales for the three months ended December 31, 2020 declined by $273 million or 47% compared to the three months ended December 31, 2019 as a result of significant declines in sales volume and unfavorable price/mix. Operating loss was $118 million for the three months ended December 31, 2020, a decrease of $128 million when compared to operating income of $10 million for the three months ended December 31, 2019. Net sales for the twelve months ended December 31, 2020 declined by $1,085 million or 44% compared to the twelve months ended December 31, 2019 as a result of significant declines in sales volume and unfavorable price/mix. Operating loss was $128 million for the twelve months ended December 31, 2020, a decrease of $91 million when compared to operating loss of $37 million for the twelve months ended December 31, 2019.
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SCA closes its last publication paper machine

Thursday February 25, at 7.07 am, SCA closed permanently paper machine LWC4 at Ortviken paper mill. With this, SCA’s all production of publication paper has come to an end. Publication paper production started at Ortviken in the year 1958 with production of newsprint. Ortviken has grown as a producer of first newsprint and then coated publication paper for magazines and commercial print. Ortviken has produced up to 800 000 tonnes per annum and was one of the world’s largest mills for publication paper production.
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Euro-Graph Reports Monthly Statistics of the European Graphic Papers Industry

Total European shipments of graphic papers in December 2020 were down 11.8% vs. December 2019 and were down 19.1% year-to-date. Total European shipments of newsprint in December 2020 were down 15.5% vs. December 2019 and were down 19.0% year-to-date. Total European shipments of sc-magazine in December 2020 were down 8.2% vs. December 2019 and were down 17.7% year-to-date. Total European shipments of coated mechanical reels in December 2020 were down 19.2% vs. December 2019 and were down 26.3% year-to-date. Total European shipments of uncoated mechanical (improved & others) in December 2020 were down 2.2% vs. December 2019 and were down 7.8% year-to-date. Total European shipments of coated woodfree in December 2020 were down 10.5% vs. December 2019 and were down 24.9% year-to-date. Total European shipments of uncoated woodfree in December 2020 were down 8.3% vs. December 2019 and were down 13.3% year-to-date.
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Rayonier Advanced Materials Announces Fourth Quarter And Full Year Results

Fourth Quarter and Full Year 2020 Highlights: *Fourth quarter and full year income from continuing operations was $9 million, and $0 million, respectively, $66 million and $119 million higher than comparable periods in 2019, respectively *Fourth quarter Adjusted EBITDA from continuing operations of $53 million was up $44 million from the comparable quarter in 2019 primarily driven by higher lumber and High Purity Cellulose prices *Full year 2020 Adjusted EBITDA from continuing operations of $153 million improved $78 million from the prior year primarily driven by strong demand for lumber and reduced costs across segments as a result of improved reliability *Generated $73 million of Free Cash Flow through the year ended December 31, 2020 driven by prudent management of capital expenditures and improved working capital; expect $55 million from cash tax refunds during 2021 *Completed refinancing in December to extend maturities, remove financial maintenance covenants and enhance liquidity
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Precision Paper Converters Installs New Equipment to Increase Capacity and Quality

Precision Paper Converters (PPC), headquartered in Northeast Wisconsin, celebrates the fourth anniversary of the startup of their Bretting Varium facial line with new additions to increase capacity and capabilities. The Bretting accumulator, Valley Tissue Packaging case packer, Tri-Phase Automation quality vision system and centralized palletizing system will increase capacity and allow additional focus on quality which are both important factors to the continued growth of PPC. Installation was completed by The Boldt Company and Eland Electric Corporation. Startup began mid-December and is expected to be running at full speed in Q1 of 2021.
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Canfor Announces 2020 and Fourth Quarter 2020 Results

Overview • Record-high 2020 reported operating income of $727 million; adjusted operating income of $735 million; shareholder net income of $544 million, or $4.35 per share • Fourth quarter of 2020 reported operating income of $420 million; adjusted operating income of $321 million; shareholder net income of $336 million, or $2.68 per share • Net debt of $270 million at December 31, 2020, improvement of $256 million from prior quarter; available liquidity of $1.4 billion; net debt to capitalization of 9.3% at December 31, 2020 • Cumulative cash deposits of $594 million on countervailing and anti-dumping duties at December 31, 2020
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Mondi full year results 2020

Highlights • Robust financial performance with excellent cash generation ▪ Underlying EBITDA of €1,353 million, with margin of 20.3% ▪ Cash generated from operations of €1,485 million ▪ Strong balance sheet at 1.3x net debt to underlying EBITDA • Investing through-the-cycle with capital investment projects delivering growth, enhanced cost competitiveness and sustainability benefits • Delivered against our 2020 Growing Responsibly sustainability commitments and set new ones, the Mondi Action Plan 2030 (MAP2030) • Leveraging long-term trends of sustainability, e-commerce and enhancing our customers' brand value • Well-positioned with cost-advantaged asset base, strong balance sheet and unique portfolio of sustainable solutions
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