This year’s Vancouver Pulp Week was not about itself, but about the “after-party”: the Suzano and Kimberly-Clark (KC) joint venture in all countries except the USA, Canada, Mexico, and South Korea. By now, you’ve probably read the major figures and news about the deal; I offer some additional perspective.
#pulp #pulpandpaper #pulpandpaperindustry #packaging #packagingindustry… | Marcello Collares
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“As one of the largest independent Canadian news media organizations, our strength has always been rooted in our deep connection to communities across the country,” said Andrew MacLeod, Postmedia President and Chief Executive Officer. “Our connection is strengthened by our new editorial mission, which is designed to be a connecting force – thoughtful, uplifting, and bringing Canadians together through informed, meaningful journalism.”
“The results from our second quarter demonstrate the success of our commitment to Canadian communities,” said MacLeod. “With positive momentum in both our advertising and circulation divisions, our investment into Atlantic Canada, through our Saltwire acquisition, has played a pivotal role in achieving these results. As we continue to face an immensely challenging media environment, our dedication to local communities will continue to guide the work we do.” Revenue for the quarter was $110.8 million as compared to $97.3 million in the same period in the prior year, representing an increase of $13.5 million (13.9%). The revenue increase was primarily due to increases in advertising revenue of $6.9 million (16.0%), circulation revenue of $2.2 million (6.6%) and other revenue of $4.8 million (67.4%), partially offset by decreases in parcel revenue of $0.4 million (2.9%). Excluding the impact of the Saltwire asset acquisition, advertising revenue for the quarter increased by 6.0% and other revenue for the quarter increased by 47.7%. Total operating expenses excluding depreciation, amortization and restructuring decreased $1.1 million, or 1.1%, for the quarter ended February 28, 2025, relative to the same period in the prior year.
It took one week for the frenzy to set in on the eastbound trans-Pacific. Mid-high average spot rates paid by shippers in the 75th percentile of the market for transit…
GreenFirst Forest Products Inc. announces that it intends to complete a spin-out transaction of Kap Corporation, whereby the shares of Kap will be held directly by the shareholders of the Company. The Spin-out is expected to be completed in Q4 2024. GreenFirst will hold a shareholder meeting on September 12, 2024, where shareholders will be able to vote on the Spin-out. The record date for shareholders entitled to vote at the Meeting will be August 8, 2024. The Spin-out of Kap is part of the natural progression of the decentralization and deconsolidation of the newsprint mill that was originally disclosed by GreenFirst in the Fall of 2023. The Spin-out will enable GreenFirst to focus on its core business of being a pure-play lumber producer, offering shareholders a stake in any future upside from the development of Kap. Under the new structure, Kap will be able to explore numerous possibilities that were not feasible under the original GreenFirst ownership structure. As a separate company, Kap will consider independent financing alternatives and partnerships in the future. Kap Paper Inc. is the only chip consuming facility in Northeastern Ontario and the Spin-out provides Kap Paper with the potential to pursue new opportunities to support the green economy as part of a broader Northern Ontario forest strategy.