Port Hawkesbury Paper Mill Update

Interfor Corporation announced that it has reached an agreement with WestRock Company to acquire its sawmill located in Summerville, South Carolina (the “Summerville Mill”) for cash consideration of US$59 million. For the 12 months ended December 31, 2020, the Summerville Mill produced approximately 125 million board feet of lumber. A new permit was received in 2020 that allows for the production of up to approximately 200 million board feet of lumber per year and Interfor has identified a number of operational and capital investment initiatives to optimize and increase production going forward. The Summerville Mill is located 65 miles southwest of Interfor’s Georgetown, South Carolina mill and 115 miles northeast of Interfor’s Meldrim, Georgia mill. This strategic positioning will allow for log sort optimization and procurement synergies across these three mills.

Monadnock Paper Mills, Inc. was recognized with three 2020 American Graphic Design Awards, presented annually by Graphic Design USA (GDUSA). Monadnock Astrolite PC 100 Swatchbook – Brochures + Collateral category (self); Luxury Performance Board Toolkit – Sales Promotion/Self Promotion category (client); “Sustainability is Kindness” Hemp Sample Box – Direct Mail + Direct Response category (client). “We love the opportunity to showcase our sustainable paper and packaging innovations,” says Lisa Berghaus, director of marketing communications at Monadnock. “It is a true testament to the hard work of our team, partners, and clients.”

While construction of its second pulp mill in Uruguay goes on at full speed, UPM is hard at work addressing concerns associated with such large-scale projects, including community safety, housing and infrastructure, and safeguarding the environment. Construction is well underway for UPM’s second pulp plant in Uruguay. The three-year project began following an investment decision in July 2019 and will be completed in 2022. The associated construction projects in central Uruguay and Montevideo now consist of 16 building sites, meaning the new mill is already boosting the local economy and regional development. This is also allowing for the creation of new opportunities for individuals and businesses. UPM is investing USD 3 billion into the construction of the mill, in the province’s infrastructure and a pulp terminal at the port of Montevideo.