Lecta to Increase Prices on its Self-Adhesive Range Effective for Deliveries From the 19th of April 2021

Mactac® has acquired CSI – SoCal, a custom slitting and distribution center for roll label printers located in Ontario, Calif., under an asset purchase agreement. A $2.5 million investment, the acquisition is the latest in a major Mactac operational expansion plan. The strategically located West Coast finishing center provides Mactac a turnkey, high-performing roll label slitting and distribution center with a talented operations team and newer world-class slitting assets. Mactac is also investing nearly $10 million in expanding its slitting and service capability, including installing five new world-class slitters across its North America network beginning this summer. The strategic move is part of an ongoing commitment by Mactac to deliver the roll label market and customers' enhanced products and services, supply chain continuity, and added reliability.

Mercer International Inc. announces that it has received the decision of the tribunal in respect of its previously announced claim against the Government of Canada under the North American Free Trade Agreement. In a split decision, a majority of the tribunal ruled that it lacked jurisdiction to decide certain of the Company's claims under NAFTA and, with respect to the Company's other NAFTA claims, that they were highly complex and technical and that it would be inappropriate for the tribunal to re-determine matters calling for specialist judgment and, as a result, there was no violation of NAFTA. As is customary in these matters, the tribunal awarded costs to Canada of approximately $6.9 million. Click Read More below for additional information.

European institutions have come to an initial agreement on the revised Renewable Energy Directive. UPM Biofuels welcomes the agreement as it creates an obligatory advanced biofuel blending mandate in all EU Member States starting at 0.2% in 2022, double counted, and rising to 3.5% in 2030. "The UPM Lappeenranta Biorefinery, the world's first to produce wood-based renewable diesel on a commercial scale, has proven the potential as a significant producer of truly sustainable advanced biofuels. UPM BioVerno, which reduces GHG emissions up to 80% compared with fossil fuels, has found a solid market place. The agreement will further boost interest in the most sustainable biofuels and strengthens the position of advanced low-ILUC fuels, such as UPM BioVerno, that have minimal risk of causing indirect emissions or land use change," says Sari Mannonen, Vice President, UPM Biofuels. Click Read More below for additional information.