With the novel coronavirus whipping across the U.S., ND Paper tapped its global roots to source critical personal protection equipment to the U.S. – both for our 1,400-strong workforce and for donation to frontline first responders. Here’s the breakdown of our PPE donation across the U.S. in the last month: Maine - Maine Emergency Management Agency: 3,000 medical disposable protective clothing 3,000 and 40,000 disposable medical masks. Boston Police Central Supply: 25,000 disposable medical masks . Wisconsin - State of Wisconsin: 1,500 medical disposable protective clothing and 20,000 disposable medical masks. West Virginia - State of West Virginia: 1,500 medical disposable protective clothing and 20,000 disposable medical masks. Illinois - DuPage County Office of Homeland Security and Emergency Management: 25,000 disposable medical masks
Sappi has decided not to proceed with the proposed offering of €250 million senior notes at this time due to unsatisfactory market conditions. Sappi has a long history of prudent and proactive balance sheet management. Consistent with that and in light of the strong liquidity position it already has, the Company is in a position to be flexible and proactive about its approach to bond markets.
Lecta has successfully completed the adaptation process of OHSAS 18001 certification to the new ISO 45001 standard for Occupational Health and Safety Management Systems in all its manufacturing sites as planned. The new international certification will replace OHSAS 18001 starting in March 2021. Lecta has completed its transition smoothly and with ample time for transition. The ISO 45001 certificate represents a strict level of compliance with occupational health and safety standards, similar to ISO 9001, ISO 50001 and ISO 14001 standards for quality, the environment and energy, respectively.
Suzano’s net revenue in 1Q20 was R$6,981 million, 83% of which came from exports (vs. 77% in 1Q19 and 80% in 4Q19). Paper and packaging sales in the quarter came to 3,124,000 tons, increasing 56% compared to 1Q19 and decreasing 5% compared to 4Q19. Compared to 1Q19, the net revenues increase is mainly explained by the better performance of pulp sales to all regions, especially Asia, and by the 18% appreciation in the average price of the USD against the BRL, with these effects partially offset by the 34% decline in the average net pulp price in USD. In 1Q20, the Company posted net loss of R$13,419 million, compared to net loss of R$1,229 million in 1Q19 and net income of R$1,175 million in 4Q19. The variation in relation to 1Q19 and 4Q19 is mainly explained by the net financial loss, which in turn is due to the effects from exchange variation on debt and by the gain/loss from derivative transactions, partially offset by the deferred income taxes credit (notably on the unrealized exchange rate variation expense). This impact was partially offset by the higher operating income in both comparison periods.
Ahlstrom-Munksjö, Filterpak and K Group will start in co-operation the production and supply of face masks for civil use in Finland. The first batch of masks will be available at the end of May. In the co-operation, Ahlstrom-Munksjö is responsible for the production of the fiber-based mask materials at its plant in Tampere and Filterpak for the assembly of the masks in Hanko. Finland-based retailer K Group has ordered the masks and will take care of their logistics and supply. The filtration efficiency of the masks is 88%, based on the measurement made by VTT Technical Research Centre of Finland, which is substantially higher than the roughly 20-40% efficiency of the masks made from cloth.
Sappi Limited today announced the offering of €250 million aggregate principal amount of senior notes due 2025, in an offering that is exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”). The notes will be issued by Sappi Papier Holding GmbH, a subsidiary of Sappi Limited. The Company is implementing this offering in order to strengthen its liquidity headroom and balance sheet. The net proceeds from this offering will be used for general corporate purposes.
The American Forest & Paper Association released the 60th Annual Survey of Paper, Paperboard and Pulp Capacity, reporting that while overall U.S. paper and paperboard capacity declined 0.5 percent in 2019, some sectors rose, including tissue paper, containerboard and boxboard. Tissue paper capacity rose 0.6 percent in 2019, matching the 10-year trend growth over 2010-2019. During 2019-2020, seven new tissue paper machines were started or will be started, with a result that tissue capacity is projected to far exceed trend growth, increasing 3.5 percent in 2020. The share of paper category capacity dropped from 44 percent in 2009 to 34 percent in 2019 as newsprint and printing-writing paper capacities continued to decline, more than offsetting the gains in tissue paper capacity.
We are pleased to announce the immediate availability of swatchbooks for itsr suite of Astrolite PC 100 papers — the newest portfolio offering of luxurious and sustainable fine text and cover papers crafted with 100% post-consumer waste (PCW) recycled materials. The Astrolite PC 100 swatchbook features technical data, print demonstrations, environmental impact information, and stars the full slate of its three separate PCW product lines: Astrolite PC 100 Smooth, Astrolite PC 100 Digital+, and Astrolite PC 100 Velvet C2S. “Seeing — and touching — is believing,” said Julie Brannen, Director, Sustainability Solutions Fine Printing & Packaging Substrates, Monadnock Paper Mills. “The goal for our Astrolite PC 100 swatchbooks is to unlock the creative potential of graphic designers, creatives, brand owners, marketers, and commercial printers as they experience the material’s brightness, durability, and tactility.”
In the early evening on the 12th of May Sappi Europe’s Alfeld Mill site, situated in Germany, reported a fire around the area of its paper machine 3. There have been no recorded casualties and an evaluation by official experts is underway to assess the cause of the fire and the resulting damage to the paper machine. Sappi can confirm that all other paper machines at the site are fully operational and sales staff will be directly in contact with their customers to keep them updated with any impact caused by this incident.
Stora Enso has appointed Katariina Kravi as EVP, Head of Human Resources and a member of the Group Leadership Team. She will start on 1 September 2020 and be based in Helsinki. Katariina Kravi is a Finnish citizen and joins most recently from a position as Chief People and Culture Officer at Tieto Oyj, a leading Nordic software and services company. Previously she has held several HR management positions at Nokia. She has a master’s degree in law.