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;
Norbord Inc. (TSX and NYSE: OSB) announced today that a shortage of wood will cause it to temporarily suspend production at its oriented strand board (OSB) mill in 100 Mile House, British Columbia. Norbord currently expects the suspension to commence on or about May 14, 2018 and to continue for approximately one month.
The significant wildfires that the province of British Columbia experienced in the summer of 2017 seriously damaged logging areas surrounding the 100 Mile House mill. Further, the severe weather conditions this winter have limited loggers’ ability to access the forests during the months when the mill typically builds its annual log inventory. Combined, these extraordinary circumstances have impacted Norbord’s ability to secure a sufficient wood supply to operate the mill on a continuous basis during this one-month period.
Norbord will continue to supply its customers with production from its other OSB mills and the 100 Mile House mill will continue to receive log deliveries during this period. The Company currently estimates that the curtailment will negatively impact its second quarter 2018 financial results by approximately US$5 million.
The 100 Mile House mill has a stated annual production capacity of 440 million square feet (3/8-inch basis).