Nine Dragons Paper Announces 2021 Interim Results

Effective with shipments May 21, 2018, International Paper will increase prices by 5% to 7% on the following products: Printing Papers o All Williamsburg o All Accent® Opaque o All Springhill®. Office Papers o All Hammermill® o All Hewlett Packard® o All Private Label o Generic White Box o Relay. Postmark® Envelope; DataSpeed® Laser MOCR; By George®. This increase applies to all virgin, recycled and treated products. We are also increasing our standard basis weight price differentials on all Envelope and Laser MOCR products as follows: 20lb over 24lb: $2.00/cwt 22lb over 24lb: $1.00/cwt. Additionally, the freight stop off charge will increase from $300 to $500. All other standard upcharges will continue to apply. Orders acknowledged prior to April 20, 2018 will ship at the pre-increase price.

Antti Jääskeläinen, Executive Vice President, UPM Raflatac, will be leaving UPM to assume the role of President and CEO in the Finnish logistics and distribution company Posti Group Oyj. He will continue with his duties in UPM until the end of July 2024. Antti joined UPM in 2014 and was appointed to UPM’s Group Executive Team in 2016 with responsibility for UPM Raflatac Business Area. During recent months Antti has also held the interim responsibility for UPM Communication Papers Business Area. “I want to thank all my colleagues in UPM for the great journey together in creating a future beyond fossils and building the global profitable growth of UPM Raflatac. UPM is a great company with great people, and I am convinced that UPM will continue to build a strong future. I wish everybody the best of success,” says Antti Jääskeläinen.

Crown van Gelder will start selling paper made with sugar beet in January 2021. This makes the Dutch paper manufacturer the first in the world to produce 'sugar beet paper' at an industrial level. The new product line called 'Crown Native' uses less wood fibres to achieve a reduced impact on the environment of 16% compared to traditional paper. Crown Native was developed with the Dutch agricultural cooperative Royal Cosun as a strategic partner. The agricultural process residue from Cosun's production process, beet pulp, forms a valuable resource for the paper. With Crown Native, Crown Van Gelder has succeeded in creating paper made out of 20% beet pulp, thus achieving environmental gains in several areas. Due to the local sourcing, far less transport is required. As a result, Crown Native realises a significant reduction in CO2 emissions and particulate matter formation. Moreover, by using beet pulp, the production process requires less water. 'And because we're using a residual source, no additional agricultural land is needed,' Dronkers adds. A big advantage of using sugar beet pulp is that it is FDA compliant. 'The pulp is classified as a former food product,' Dronkers explains. As a result, Crown Native is approved and suitable for food packaging, unlike recycled paper for example. Dronkers: ‘This makes our sugar beet paper the ideal choice for product packaging, but also for shopping bags and promotional print. Crown Native is the perfect fit for brands with a sustainability ambition.’