Howe Sound Pulp & Paper Mill Supports Sunshine Coast Search and Rescue

Sappi Maastricht and the Belvédère Wijkontwikkelingsmaatschappij (Neighborhood Development Company, WOM) of the Municipality of Maastricht have signed an agreement that will finalize the sale of the southwestern part of the Maastricht paper mill site to the WOM. The sale and subsequent purchase of this land creates a win-win situation for both parties as well as to the local area and will have no negative impact on employment at the Sappi site. In order to survive in this shrinking market and to guarantee continuity and employment, Sappi Maastricht started three years ago with the transition into luxury packaging board. This activity mainly takes place on the north side of the company site. The southwestern part is therefore less intensively used and was eligible for sale to the WOM. Ferdinand Koster, director of Sappi Maastricht commented: "This sale makes it possible for us to invest in the future of Sappi Maastricht. We will use the resources to improve internal logistics and additionally improve the sustainability of our production processes. "

Over the course of the last 12 months, we have experienced negative cost pressure due to inbound/outbound freight issues, higher import tariffs, and increased costs of raw materials. These costs have impacted our entire range of products. Until now, improvements in manufacturing and logistic efficiencies have enabled us to mitigate increased costs. However, we are no longer able to absorb the full impact of these costs on our business. Effective on orders received on or after January 18, 2021 we will implement a 6% price increase on all stock and custom orders. Thank you for your understanding and your continued support of 3A Composites.

Ahlstrom-Munksjö Holding 3 Oy’s Board of Directors has agreed an ownership reorganization plan under which the production assets, debts, and liabilities relating to its Decor business will be transferred from Ahlstrom-Munksjö Holding 3 Oy, without liquidation, to a newly formed company that will be named Munksjö. In the ownership reorganization, Ahlstrom-Munksjö Holding 3 Oy will divest the majority share of and remain with a minority share in the new Munksjö company to Ahlström Capital BV (wholly owned subsidiary of Ahlström Capital Oy) and Nidoco AB, both of which are affiliates of the current minority owners of Ahlstrom-Munksjö Holding 3 Oy. The planned reorganization is subject to customary closing conditions and is expected to be completed by the end of the third quarter of 2022, following which Ahlstrom-Munksjö Holding 3 Oy will start preparing plans for changing its business name to Ahlstrom.