GCP Paper Expands to U.S. with $400M Texas Facility

The Norwegian National Budget for 2023 proposes a reduction of the CO2 compensation to Norwegian industry of approximately NOK 2.7 billion annually. Norske Skog expects a reduction in the CO2 compensation payment to be received from 2023 and onwards of approximately NOK 140 million annually. Yesterday, 6 October 2022, the Norwegian government presented its National Budget proposal for 2023. The budget proposes to reduce the CO2 compensation to Norwegian industry. The CO2 compensation is an EU initiative, which can be implemented at the discretion of each individual member country, designed to mitigate the impact of high CO2 allowance (EUA) prices on electricity costs. The overall ambition is to avoid transfer of energy intensive industries to countries with less strict climate policies outside the EU, this has been termed Carbon Leakage.

Sappi North America announced the call for entries for its 2018 Ideas that Matter grant program, inviting designers to show the world how design – specifically print – can play an important role in changing lives for the better. Sappi established the Ideas that Matter grant program 19 years ago to fund designers who apply their creative talents to causes that address significant issues facing our society. For nearly two decades, Sappi has witnessed firsthand how the creative and integrated work of designers can change society. Sappi remains committed to the belief that good ideas inspire people to take action, and great ideas change the world. Though many media choices are available, print is at the heart of influential and effective messaging and a perfect complement to promote positive social causes. Click Read More below for additional information.

In June UPM announced plans to permanently close its Jyväskylä plywood mill. The employee consultation processes regarding the plan have now been completed. UPM Jyväskylä plywood mill will be permanently closed on 31.07.2020. The reduction of personnel is 147 people. The planned actions will strengthen UPM Plywood’s overall competitiveness and performance in the long run. UPM will recognise restructuring charges of approximately EUR 22 million as items affecting comparability in its Q2 2020 results. The planned actions would result in annual savings of approximately EUR 11 million.