The operations of Metsä Group’s only production unit in Russia, the Svir sawmill, have been suspended. Wood procurement in Russia for the Svir sawmill and imports to Metsä Group’s Finnish and Swedish mills has also been discontinued.
https://www.metsagroup.com/en/media/all-news/Pages/News.aspx?EncryptedId=8A8E86855E542149&Title=MetsaGroupsoperationsinRussiawillbediscontinuedforthetimebeing
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Fourth-Quarter Highlights: *Net income of $62 million ($1.41 per diluted share) compared with $92 million ($2.09 per pro forma share1) in the third quarter of 2021 *Free cash flow4 (non-GAAP) of $162 million compared with $135 million in the third quarter of 2021. Fourth-Quarter Commercial and Operational Highlights: *Price and mix improved by $41 million versus the prior quarter and volume improved by $14 million, reflecting solid industry fundamentals and continued commercial excellence performance by our teams *Operations improved by $2 million and total planned maintenance outage expenses increased by $24 million versus the prior quarter *Input costs increased by $39 million versus the prior quarter, reflecting higher costs for wood, energy, chemicals, packaging and distribution *Repaid $124 million of debt, achieving a gross debt-to-adjusted EBITDA ratio of 2.4x at year-end
The German Felix Schoeller Group sources a small part of its raw material demand of titanium dioxide and starch from the Ukraine. We are currently working on alternative sources to secure our supply. In addition, one of our TiO2 suppliers obtains part of its raw material from the Ukraine. This source is also disrupted. We are working at full speed on the resulting consequences and will inform you shortly. As an energy-intensive company, we are highly dependent on gas and electricity. More than 50% of German natural gas imports are sourced from Russia. We do not expect any bottlenecks in the short term. Nevertheless, we are currently examining possible alternatives to secure our energy supply. We are currently seeing unprecedented prices and very high volatilities in the energy markets. This will therefore also influence our pricing policy.
Ahlstrom-Munksjö has pledged to create sustainable, fiber-based solutions. PurposeSeal™ is pushing the boundaries of fiber-based end-use applications. PurposeSeal™ is a heat-sealed paper carefully constructed to ensure quality and protection for end-use packaging solutions. It boasts additional sustainability benefits when applied to Cristal™ Transparent Packaging Papers or trulyNatural™ unbleached papers. Ahlstrom-Munksjö recently received recyclability certification for the Cristal™ transparent paper product family, including PurposeSeal™ technology. These products have passed the SBS Equivalency (WMU SBS-E) testing protocol certifying these innovative papers recyclable from Western Michigan University. Additionally, Cristal™ and PurposeSeal™ have obtained 3rd party certification from Centre technique du papier, certifying Cristal™ heal seal coating is recyclable to the European Union’s EN13430 standards.