Sappi North America Price Increase on Packaging/Specialty Products

Global Win Capital Corporation (GWCC) ultimately owned by Shanying International, announced the appointment of Michael Grimm as its new president and chief executive officer. Grimm assumes day-to-day leadership of the North American business unit and underlying investment in North America which includes Phoenix Paper Wickliffe LLC. Mr. Grimm brings more than 30 years of relevant manufacturing experience to his new role. The announcement was approved by the board of directors of GWCC and was shared by Henry Yan Vice President of Shanying International, who remarked that Grimm was a “standout in a long, intensive international search.” Henry also added, “Mike is a strong match for what we were looking for to lead the North American business unit. He brings direct experience in the Uncoated Freesheet market as well as a solid track record of leading manufacturing organizations through highly successful operational and commercial transformations. We welcome Mike and are excited about the extensive knowledge and experience he brings to Phoenix Paper.”

Stora Enso has signed an agreement to divest its sheeting centre business in Baienfurt, Germany to Pyroll, a Finnish converting firm. The sheeting centre operations started in April 2009 and is 100% owned by Stora Enso. This divestment supports Stora Enso’s growth strategy for its consumer board business, where the focus is to generate value to customers by being the global benchmark in high quality virgin fibre carton board. Running sheeting centre operations is not part of Stora Enso’s core business. The new owner has sheeting operations as its core and is in a better position to further develop Baienfurt. Stora Enso will remain a key customer to the Baienfurt sheeting centre. Click Read More below for additional information.

Total European shipments of graphic papers in August 2020 were down 24.5% vs. August 2019 and are down 20.6% year-to-date. Total European shipments of newsprint in August 2020 were down 25.0% vs. August 2019 and are down 18.3% year-to-date. Total European shipments of sc-magazine in August 2020 were down 21.3% vs. August 2019 and are down 20.1% year-to-date. Total European shipments of coated mechanical reels in August 2020 were down 32.2% vs. August 2019 and are down 28.1% year-to-date. Total European shipments of uncoated mechanical (improved & others) in August 2020 were down 13.4% vs. August 2019 and are down 9.8% year-to-date. Total European shipments of coated woodfree reels in August 2020 were down 33.1% vs. August 2019 and are down 26.8% year-to-date. Total European shipments of uncoated woodfree reels in August 2020 were down 15.7% vs. August 2019 and are down 15.8% year-to-date.