Holmen’s paper mill in Braviken, Sweden, is now running with maximum production efficiency and flexibility after international technology group ANDRITZ successfully completed the rebuild of the paper machine (PM52).
Holmen Board and Paper gains high production flexibility after ANDRITZ starts up rebuilt paper machine
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Sappi North America announces a transactional price increase of 3.5% to 5% on new and unconfirmed orders that book with a confirmed delivery date on or after Monday, January 4, 2021 on the following products: • McCoy Web • Opus Web • Somerset Web • Flo Web. The increase applies to all weights and all finishes. Standard differentials and upcharges apply. This price increase includes all private label programs.
Sylvamo now has access to $60 million initially put in escrow for disputed goodwill tax deductions in Brazil which it intends to use to pay down debt. The company’s lenders agreed to eliminate the escrow after a Brazilian court ruled in its favor. The ruling—covering two-thirds of the amount disputed in several proceedings—is subject to appeal. Due to the potential liability of the goodwill tax deductions, lenders limited Sylvamo to $90 million in annual cash returns when it became an independent company in 2021. In September 2023, the company made a $60 million escrow deposit to remove the limit in its credit agreement, allowing it to return more than $90 million annually in cash to shareowners through share repurchases and dividends.
Total European shipments of graphic papers in January 2024 were up 11% vs. January 2023. Total European shipments of newsprint in January 2024 were down 2% vs. January 2023. Total European shipments of sc-magazine in January 2024 were down 5% vs. January 2023. Total European shipments of coated mechanical in January 2024 were up 3% vs. January 2023. Total European shipments of uncoated mechanical in January 2024 were up 6% vs. January 2023. Total European shipments of coated woodfree in January 2024 were up 19% vs. January 2023. Total European shipments of uncoated woodfree in January 2024 were up 28% vs. January 2023.