Stora Enso is implementing a profit protection programme intended to achieve an annual cost reduction of EUR 120 million as well as reduction of capital expenditure by about EUR 50 million compared to the earlier announced forecast. The programme includes plans to reduce costs at the Ala and Imavere sawmills and a plan to close paper machine 6 at Imatra Mills. Stora Enso is implementing a profit protection programme of EUR 120 million targeting reductions in variable and fixed costs, as market uncertainty increases. The programme will include all divisions and corporate functions. The Group estimates that some effects will be visible already during 2019 with full impact by the end of 2020. Click read more below for additional detail.
Neenah is announcing a price increase of approximately 3% on commercial, specialty and packaging papers effective October 1, 2018. The attached table provides specific pricing information for all brands that are increasing.
The following brands are exempt from this increase: NEENAH® 100% Cotton, STARDREAM 2.0, LEATHERLIKE, REEF and LABEL Papers as well as select specialty brands.
The increase will apply to the following grades: Writing, Text & Cover Papers – ASTROKING® Papers; ASTROPARCHE® Papers; CLASSIC COLUMNS® Papers; CLASSIC CREST® Papers; CLASSIC® Laid Papers; CLASSIC® Linen Papers; CLASSIC® Stipple Papers; CLASSIC® Techweave Papers; CLASSIC® Woodgrain Papers; CLEARFOLD® Papers; CONSERVATION® Papers; CORONADO® SST Papers; EAMES™ Papers; ENVIRONMENT® Papers; ESSE® Papers; HOWARD® Linen; MONNALISA® Papers; MOONDREAM® Papers; NATURAL EVOLUTION Papers: OXFORD® Papers; PLIKE® Papers; ROYAL SUNDANCE® Papers; SLIDE™ Papers; SO…SILK® Papers; STARDREAM® Papers; STARWHITE® Papers; SUEDETEX® Papers; TETON® Papers; TOUCHE’® Papers; UV/ULTRA®II. Bright Papers – ASTROBRIGHTS® Papers; EXACT BRIGHTS® Papers. Technical & Specialty Papers – EXACT DIGITAL® Color Copy; EXACT® Index, Tag, Vellum Bristol; NEENAH® Blotter Papers; NEENAH® Digital Color Copy. Packaging & Label Papers – NEENAH® Folding Board; NEENAH IMAGEMAX® Paper Card. Specialty Board & Coverings – ADIRONDACK COVER; ALLOY®; CORVON® (incl. all assoc. sub brands); ECOREL; HYFLEX® Papers; KENSINGTON®; KIVAR®; LaCREMA®; LEXIDE®; LEXOTONE®; METAL-X; MULTICOLOR® Papers; NUVOLUXE; PELLAQ; PERMALEX; SEDONA® Cover; SENZO; SILKTOUCH; SKIVERTEX® (incl. all assoc. sub brands). Cotton Fiber Papers* (*Corresponding envelopes increasing 2.5%) – ATLAS® Bond; CANALETTO Papers; CAPITOL BOND® Papers; CLASSIC COTTON® Papers; CRANE’S CREST® & CRANE’S LETTRA® Papers; FOX RIVER SELECT® Papers; GILBERT® Cotton; NEENAH® Bond & NEENAH® Laser; NEUTECH® Cotton Papers; ROYAL COTTON® Papers; WILD® Papers;