Rolland Announces Price Increase for U.S. Market

Financial summary for the quarter: EBITDA excluding special items US$211 million (Q2 2017 US$208 million). Profit for the period US$102 million (Q2 2017 US$88 million). EPS excluding special items 17 US cents (Q2 2017 17 US cents). Acquisition of Cham speciality paper business completed. Net debt US$1,632 million (Q2 2017 US$1,329 million). Click Read More below for additional information.

Mondi, a global leader in the production of sustainable packaging and paper, recently put a new slitting and rewinding unit into operation at its Slovak paper mill in Ružomberok. The equipment allows for an extended capacity in narrow reels thus complementing Mondi’s portfolio offering. “We want to give our customers supply security for their paper needs in folio and various reel widths and for this we needed to extend our narrow reel capacity,” explains Bernhard Cantzler, Marketing and Sales Director at Mondi Uncoated Fine Paper. This wide paper portfolio is offered from Mondi SCP, Mondi’s integrated pulp and paper mill located in Slovakia fulfilling strict sustainability requirements. All Mondi uncoated fine paper brands produced at the site are Cradle to Cradle Certified® at the Bronze level. This certification ensures that, regardless of the level, all certified products are safe, circular and responsibly made. Depending on the specific product the papers carry the EU Ecolabel and are chain of custody certified according to PEFC and/or FSCTM requirements.

Canfor Corporation is excited to announce it will invest approximately $160 million USD to build a new, state-of-the-art sawmill near DeRidder, Louisiana. The Company is pleased to be receiving significant state and local incentives in support of the project. The facility will have an annual production capacity of 250 million board feet on a two-shift basis and will directly employ about 130 people plus create significant additional indirect jobs. The Louisiana facility will have manufacturing capacity and flexibility to produce a wide variety of highvalue wood products for our customers. Startup is expected to commence late in the third quarter of 2022. The investment in Louisiana is in addition to the approximately $300 million of 2021 capital spending, including about $200 million for the solid wood and pulp operations in Western Canada and $100 million for the solid wood operations in the U.S. South.