The A62 paper machine at our Ashdown Mill is once again fully operational thanks to excellent planning and foresight by our commercial paper team, along with outstanding dedication and agility from our manufacturing production team. The strategic initiative to restart the previously idled machine, as well as a sheeter to convert the rolls into cartons of copy paper, is helping us maintain our leadership position in the North American uncoated freesheet paper market and deliver the service and quality our customers expect.
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.
KEY HIGHLIGHTS *All-time high sales, EBITDA and operating cash flow *First quarter where Verso was included – net sales growth 75% *Strong organic growth, both in Europe 17% and North America 19% *Price and mix improvements more than offset the cost inflation *Excellent cash delivery and strong balance sheet position. QUARTERLY DATA *Net sales grew by 75% to SEK 11 408 million (6 504), whereof Billerud North America accounted for SEK 3 738 million *Operating profit was SEK 1 609 million (404) *Net profit was SEK 1 419 million (311)
Felix Schoeller Group plans to invest more than $100 million in expanding its capacity in North America by 2025
The Felix Schoeller Group is systematically implementing its growth program for North America. Starting in 2023, capacities at the company's sites in the USA and Canada will be significantly expanded in three steps. In the first step, a new silicone coater will be installed at the Pulaski, NY site in mid-2023. This will enable the Felix Schoeller Group to supply the North American market with domestically produced siliconized papers and films. In doing so, the company is relying not only on solvent-free silicone technology, but adding solvent-based silicone technology to their portfolio – while utilizing particularly energy-efficient and environmentally friendly technological solutions. The second step is the expansion of the paper machine capacity in Drummondville, Canada, from currently 32,000 tons to over 40,000 tons per year. This increase is scheduled to be completed in the fourth quarter of 2023. And finally, the specialty paper manufacturer plans to invest in the construction of a second paper machine for the North American market. The plan is to add up to 50,000 tons of capacity for the decor and release liner markets.