Norbord Inc. reported that its OSB mill in 100 Mile House, British Columbia has temporarily suspended production due to the wild fires burning nearby in the region and in order to comply with evacuation orders in the 100 Mile House and surrounding areas. At the time of evacuation, the mill was secure. At this time, Norbord is assessing the impact to its production schedule. All mill employees have been safely evacuated and no injuries have been reported. The 100 Mile House mill has a stated annual production capacity of 440 million square feet (3/8-inch basis).
Effective immediately, the temporary order moratorium on 40# – 90# Flo Web and Somerset Web has been lifted.
Please work with your Midland Paper Sales Representative if you have any questions.
Verso Corporation (OTCPink: VRSZQ), a leading producer of flexible packaging, technical, and label and converting papers, today introduced GlazeSil™, a specialized family of lightweight uncoated, machine glazed release liner papers specifically designed for hygiene and medical applications. "This exciting addition to Verso's industry leading release liner product portfolio gives producers of hygiene, medical and personal care products more options than ever to meet their unique converting performance, reliability and silicone coating requirements," said Mike Weinhold, Verso Senior Vice President of Sales, Marketing and Product Development. "You can count on GlazeSil™ to deliver the functionality and features required to innovate and differentiate in these markets."
Mercer International Inc. reported strong results for the fourth quarter and year ended December 31, 2017. Operating EBITDA* in the fourth quarter of 2017 increased by 54% to a record $89.1 million compared to $57.8 million in the fourth quarter of 2016 and by 39% from $64.0 million in the prior quarter of 2017. For 2017, Operating EBITDA increased by approximately 36% to $252.3 million from $185.7 million in 2016. For the fourth quarter of 2017, our net income was $41.7 million, or $0.64 per basic and diluted share, compared to $18.5 million, or $0.29 per basic and $0.28 per diluted share, in the fourth quarter of 2016 and $21.1 million, or $0.33 per basic and $0.32 per diluted share, in the prior quarter of 2017. For 2017, net income was $70.5 million, or $1.09 per basic and $1.08 per diluted share, after giving effect to a loss on the early settlement of debt of $10.7 million (or $0.16 per basic and diluted share), compared to $34.9 million, or $0.54 per basic and diluted share, in 2016. Click Read More below for additional information.