Sappi increases prices for its LWC and MWC grades prices by 6-8% from July 1st 2018 for all markets due to continued cost increases and strong demand. This follows previous announcements made for its woodfree coated and woodfree uncoated grades.
https://www.sappi.com/sappi-increase-lwc-and-mwc-grade-prices
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Canfor Corporation announced it will curtail operations at its Polar Sawmill located in Bear Lake British Columbia, north of Prince George, following an orderly wind-down. The curtailment is the result of a shortage of economically available fibre in the region and is expected to be in place for a period of approximately six months. The Company will continue to evaluate market conditions and fibre availability in the region and adjust operations accordingly.
Interfor Corporation announced that it has reached an agreement with Georgia-Pacific Wood Products LLC and GP Wood Products LLC to acquire four of its sawmill operations located in Bay Springs, MS, Fayette, AL, DeQuincy, LA and Philomath. The total purchase price of US$375 MM, which includes working capital, will be funded entirely from cash on hand. The Sawmill Operations are highly complementary to Interfor’s existing platforms in the US South and the US Northwest, and the acquisition will support accelerated growth and enhance the Company’s position to benefit from robust market conditions. The acquisition will be immediately accretive to Interfor’s earnings and is expected to provide attractive returns in both the near-term and over the long-term.
Paper Excellence on 10/21/2022 announced that one of the unions at its Crofton mill, the Public and Private Workers of Canada (PPWC) local 2, has given 72-hour strike notice, putting the union in a strike position on Saturday October 22, 2022. Since July 2022, the company has been negotiating with PPWC local 2, which represents 370 of the 575 employees that work at the site. Those discussions have recently hit an impasse, and the company’s mediation request was rejected by the union. The negotiations committee will continue to meet as they try to resolve the situation. To protect the health and safety of employees, the integrity of the local environment, and preserve the company’s assets at Crofton, Paper Excellence has begun a controlled and orderly shutdown of the kraft pulp mill and mechanical paper operations.