Underlying EBITDA from continuing operations (Group excluding the Russian operations) for the third quarter was €450 million, up 55% compared to the prior year period (Q3 2021: €290 million). Higher average selling prices and overall volume growth more than offset significant cost pressures. Corrugated Packaging benefitted from higher average selling prices compared to the prior year period, leveraging our innovative product portfolio and strong customer proposition. Corrugated Solutions box volumes were lower in the quarter driven by generally softer demand when compared with the strong volume growth delivered in the prior year. Flexible Packaging performed well, with resilient demand during the period. Price increases across our range of kraft papers and packaging products were implemented during the quarter, where not fixed by annual or semi-annual contracts. Uncoated Fine Paper achieved higher average selling prices and grew pulp volumes in the quarter while uncoated fine paper volumes were lower. The non-cash forestry fair value gain was higher.
Reality is setting in for about 225 paper mill workers in Camas. Layoffs announced in November 2017 are now underway. Many losing their jobs have worked at the mill for decades.
Workers expressed a lot of sadness, grieving the loss of jobs they spent decades doing.
The decision is forever changing the city that was built around it.
“There’s been a paper mill in Camas for 138 years,” Korhonen said. “We were proud to make paper in Camas.”
“As the mill grew, the city grew, and it kind of grew together,” said Bill Spring, the Vice President for the Association of Western Pulp & Paper Workers. “I don’t know, that remains to be seen what will happen out there.”
Camas City Administrator Peter Capell said this should not have much of an impact on the economy. Instead, the city is more worried about the families affected.
more at: https://www.kgw.com/article/money/business/layoffs-underway-at-camas-paper-mill/283-556878529