Europe’s Bioeconomy is at a crossroads – and the next move matters. UPM Position Paper.

According to the report, total printing-writing paper shipments decreased 24 percent in October compared to October 2019. U.S. purchases of total printing-writing papers decreased 21 percent in October compared to the same month last year. Total printing-writing paper inventory levels decreased two percent when compared to September 2020. U.S. purchases of uncoated free sheet (UFS) papers in October decreased 18 percent compared to last October while the inventory level decreased two percent compared to September 2020. UFS imports and exports both decreased compared to September 2019, down seven percent and 38 percent respectively. Coated free sheet (CFS) paper shipments decreased 16 percent compared to October 2019 while the inventory level decreased four percent compared to September 2020. CFS imports and exports both decreased compared to September 2019, down 34 percent and 14 percent respectively. U.S. purchases of coated mechanical (CM) papers in October decreased 40 percent compared to last October while the inventory level decreased four percent compared to September 2020. CM imports decreased 20 percent while exports increased 35 percent in September 2020. Uncoated mechanical (UM) paper shipments decreased 47 percent compared to October 2019 while the inventory level increased three percent compared to September 2020. UM imports and exports both decreased compared to September 2019, down 11 percent and 56 percent respectively.

For the first quarter ended 31 March 2021 Lecta had revenue of €270.8 million versus €316.6 million in the first quarter ended 31 March 2020, a decrease of €45.8 million or -15%. This decrease was essentially attributable to COVID-19 pandemic: • Lower sales of CWF, Specialties and Purchased Products of €46.9 million or -16%, from €299.3 million in 1Q2020 to €252.4 million in 1Q2021, resulting from lower sales volumes of 35,100 metric tonnes or -12%, with 264,900 metric tonnes in 1Q2021 vs 300,000 metric tonnes in 1Q2020, and a decrease in average net sales price of 45€/t or -4.5%, with 953€/t in 1Q2021 vs 998€/t in 1Q2020; and • Higher sales of energy of €1.1 million or +6.5%, from €17.3 million in 1Q2020 to €18.4 million in 1Q2021, resulting from lower sales volumes of 19,400 MWh or -6%, with 290,300 MWh in 1Q2021 vs 309,700 MWh in 1Q2020, and an increase in average net sales price of 8€/MWh or +14%, with 63€/MWh in 1Q2021 vs 56€/ MWh in 1Q2020. EBITDA decreased by €14.7 million, or -61%, from €24.2 million in 1Q2020 to €9.5 million in 1Q2021. This decrease was essentially due to lower sales of paper in volume. It was also due to lower sales prices, lower margin on unit variable costs, and nearly stable fixed costs.

GreenFirst Forest Products Inc. is pleased to announce that the Government of Ontario has announced that it is prepared to offer a loan of up to $17.2M (the “Loan Facility”) to support the Company’s plan to relocate and redevelop the Kenora sawmill over the next 3.5 years. Completion of the Loan Facility is subject to due diligence and negotiation of binding agreements. If completed, the Company would be able to draw down on the Loan Facility to cover 20% of its eligible project expenditures provided that the Company meets certain performance parameters including but not limited to job-creation targets and other project milestones. This strategic relocation would open the necessary expansion opportunities to ensure the mill is viable and sustainable.