Metsä Group’s operations in Russia will be discontinued for the time being

Stora Enso has completed the installation of dispersion barrier technology at its Forshaga site in Sweden and production has now started. Completion of the installation follows the company’s EUR 10 million investment announced in 2020. The installation was carried out on time and the production of new products will be ramped up during the coming months. Dispersion barrier technology enables the production of more sustainable packaging solutions, facilitating the use of renewable wood fiber materials in demanding end uses such as food packaging. These products are also easier to handle in a recycling process, have a lower carbon footprint and can be composted in industrial facilities.

Supremex Inc., a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, announced today the release of its inaugural Environmental, Social and Governance (“ESG”) report. The ESG report, which covers activities for the fiscal year ended December 31, 2023, underlines the Company’s commitment to understand the full scope of its impact on the environment and society before establishing sciencebased targets. “As stewards of the environment, responsible corporate citizens, and advocates for positive change, we recognize the critical role ESG plays in shaping our future,” said Stewart Emerson, President and Chief Executive Officer of Supremex. “A more thorough understanding of our impact in such areas will provide Supremex with the ability to carry out targeted sustainability practices and initiatives that will have a significant positive effect on the environment, our employees and local communities. We are dedicated to being a transparent and accountable organization, and look forward to sharing our progress as we continue along our ESG journey.”

Executive Summary ◦Second quarter 2017 net sales of $4.6 billion decreased 1 percent compared to the year-ago period, as organic sales were down 1 percent. Organic sales fell 2 percent in North American consumer products, reflecting category softness, less promotion shipments and competitive activity. Outside North America, organic sales declined 3 percent in developed markets and rose 2 percent in developing and emerging markets. ◦Diluted net income per share for the second quarter was $1.49 in 2017 and $1.56 in 2016. Results were impacted by lower sales and input cost inflation, while the comparison benefited from cost savings. Second quarter adjusted earnings per share were $1.53 in 2016, which excludes items described later in this release. ◦Full-year 2017 net sales and organic sales are expected to be similar, or up slightly, year-on-year. The company's previous estimate was for sales and organic sales to be up 1 to 2 percent. ◦The company anticipates full-year 2017 earnings per share will be at the low end of its target range of $6.20 to $6.35. Click Read More below for additional details.