Lecta to Increase 2-side CWF and UWF prices by 8%

The changes include the shutdown of Paper Machine 24 (“PM24”) at the Company’s Chillicothe, OH facility, the elimination of approximately 50 affected hourly positions at the facility, and a reduction of 70 salaried positions across the business unit. The PM24 shutdown will remove approximately 80,000 tons, or 10%, of capacity from the Specialty Papers Business Unit and reduce the Chillicothe facility’s exposure to purchased pulp. The Company plans for production to be absorbed by the remaining seven paper machines in the business unit. “The supply-demand imbalance in the printing and writing markets continues to put pressure on industry operating rates and selling prices. In light of the challenging market conditions, we must aggressively manage costs by eliminating capacity without impacting our ability to service our customers. While these are difficult decisions, we must take the actions necessary to strengthen our Specialty Papers business and position Glatfelter for long-term success,” said Dante C. Parrini, Chairman and Chief Executive Officer. Click Read More below for additional details.

Mondi plc announces that it has entered into an agreement to sell its most significant facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Augment Investments Limited for a consideration of RUB 95 billion, payable in cash on completion. The proposed Disposal follows Mondi’s announcement on 4 May 2022 that, having assessed all options for the Group’s interests in Russia, it had decided to divest its Russian assets. Accordingly, Mondi launched a competitive auction process to find a suitable new owner for Syktyvkar. Syktyvkar is a wholly owned integrated pulp, packaging paper and uncoated fine paper mill located in Syktyvkar (Komi Republic). The Business employs approximately 4,500 people and it is a leading provider of uncoated fine paper and containerboard to the domestic Russian market.

Glatfelter is announcing a 4-6% price increase for the listed grades and product lines sold in our United States market. The increase will be effective with shipments on or after October 16, 2017. Uncoated converting papers: All Envelope grades; Transform®Laser MOCR; Logan® Reply Card. Printing & Imaging papers: All Cut Size Papers (Mill/Private Label); Spring Forge® Offset; Thor® Plus & Thor® PCW; Spring Forge® Digital; Hopewell Offset. Engineered Products: Pixelle® Basic; Repro Bond. All current standard differentials and upcharges remain in effect.