Kimberly-Clark to Invest $130M+ in Mobile Facility Expansion

Resolute Forest Products Inc. today announced the ratification of a four-year master labor agreement with the Unifor union covering 525 hourly employees at ten company woodlands in Quebec, following an agreement-in-principle reached on May 11. "We are pleased to renew this agreement, which underscores the contribution of our woodlands employees to the company's success and provides stability for our customers, communities and other partners," said Remi G. Lalonde, president and chief executive officer. The individual collective agreements ratified on May 26 cover Resolute's Abitibi and Nord-du-Québec (Comtois, Senneterre), Côte-Nord, Lac-Saint-Jean (Girardville, La Doré, Mistassini, Péribonka, Saint-Félicien, Saint-Thomas) and Mauricie woodlands operations.

The board of directors of Norske Skog ASA has appointed Geir Drangsland as the new CEO as of 1 September. Drangsland succeeds Tore Hansesætre, who has decided to leave Norske Skog after more than 14 years in the company. Geir Drangsland, who has served as the chair of the board since March 2023, steps out of the board of directors to become the new CEO of Norske Skog effective from 1 September 2023. Arvid Grundekjøn has been selected the new chair of the board of directors. Grundekjøn has been member of the board of directors since 2018. "I am pleased to announce Geir Drangsland as the new CEO of Norske Skog. Geir has an extensive background from the forest industry, and has worked closely with the management since his entrance in Norske Skog. At the same time, I will use the opportunity to thank Tore Hansesætre for his valuable contribution in Norske Skog’s transformation journey both as CEO and responsible for the mill conversion projects," says Arvid Grundekjøn, chair of Norske Skog ASA.

Highlights: *4Q21 Reported EPS of $2.19, down 4% driven by impact of extra week in prior year *4Q21 Net sales increased 9.7% to $2.2 billion *FY21 Reported EPS of $8.83, up 34% *FY21 Net sales increased 20.6% to $8.4 billion. “2021 marked the company’s tenth consecutive year of strong top- and bottom-line growth,” said Mitch Butier, chairman, president and CEO. “We delivered 19 percent revenue growth on a constant currency basis and 25 percent adjusted earnings per share growth, while generating record free cash flow.