Important Business Announcement from Boise Paper

Cascades Inc. (TSX: CAS), a leader in the recovery and manufacturing of green packaging and tissue products, invites the media representatives to the official inauguration its new state-of-the-art, 284,000-square-foot tissue converting facility in Scappoose, Oregon .

Wisconsin has lost about one-third of its paper mills in the last two decades. More companies are nearly bankrupt or are exploring the possibility of selling their mills. This fall, Industrial Assets Corp., a Los Angeles-based used machinery dealer, bought the Appleton Coated paper mill in Combined Locks, Wisconsin. In addition, Verso Corp. formed a committee to explore the potential sale of some of its mills. The company operates mills in both Duluth and Stevens Point. Jeff Landin, president of the Wisconsin Paper Council, said Wisconsin’s paper industry is doing well overall, but some mills are struggling. "You’ve seen some of that in the Appleton Coated issue where they’ve gone through receivership, but it’s really a byproduct of what they produce. It’s the coated paper market that’s challenged," he said. But, Landin said tissue, packaging and specialty papers make up more than 90 percent of products in Wisconsin’s paper industry. Click Read More below for additional information.

WestRock is undertaking extensive efforts to identify, contain and recover from this incident quickly and securely. Upon discovering the incident, WestRock immediately began an investigation, implemented business continuity processes and initiated response containment protocols with the support of cybersecurity experts. These actions included proactively shutting down certain systems in an abundance of caution, as well as taking steps to supplement existing security monitoring, scanning and protective measures. The Company also implemented measures, including manual processes, to respond to customers’ needs. The Company is now systematically bringing its information systems back online in a controlled, phased approach. “We remain relentlessly focused on remediating this incident while continuing to safely operate our mills and converting plants,” said Steve Voorhees, chief executive officer. “I am proud of the focus and determination of the WestRock team as we manage through this incident and deliver essential products for our customers.” All of WestRock’s mills and converting locations are producing and shipping paper and packaging. The Company’s mill system production through February 4 was approximately 85,000 tons lower than plan, and the packaging converting operations are close to returning to full planned production levels.