Following improved global market balance as well as improved demand for printing paper, SCA announce a price increase in Europe of € 40 per ton for Coated Mechanical reels and Uncoated Mechanical reels, valid for deliveries from January 1 2018.
https://www.sca.com/en/about-sca/currently-in-sca/press-releases/2017/price-increase-for-publication-papers/
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WestRock Company announced that Jim Porter, president, Business Development & Latin America, has decided to retire, effective December 31, 2020. Following his retirement, Jim will continue to contribute to WestRock by serving as one of its representatives on the board of managers of Gondi, S. de R.L. de C.V., the Company’s Grupo Gondi joint venture, and an advisor to the Company. Jim has had a remarkable 46-year career. After earning his degree in forest management from the University of Missouri, he started his career with Menasha. In 1993, Jim joined Southern Container and was president and chief operating officer when WestRock acquired Southern Container in 2008. He has played an instrumental leadership role in the development of the company’s corrugated packaging business and its growth in Latin America, including the company’s operations in Brazil and joint venture with Grupo Gondi in Mexico. Jim received the RISI Lifetime Achievement Award in 2018.
Key highlights: *Strong net sales *Ramp-up at Gruvön (KM7) reached EBITDA break-even *Excellent production quarter with increased operational efficiencies *Net sales grew by 2% to SEK 6 520 million (6 364). Excluding currency effects net sales grew by 5% *Adjusted EBITDA* increased by 27% to SEK 1 003 million (791), mainly due to the ramp-up at Gruvön *Operating profit amounted to SEK 528 million (280) *Net profit was SEK 377 million (164)
After a successful year of transformation in 2019, Zanders Paper posted a strong first quarter of 2020; then the coronavirus pandemic hit the global economy and led to a significant decline in sales of specialty papers for consumables. The various effects of this challenging situation could not be compensated completely by the German company despite the increased operating profitability and the fundamentally good set-up and positioning. Taking these circumstances into account, the Zanders Paper management has decided to carry out the continuation of the long-term restructuring of the company within the framework of insolvency proceedings and today filed an application to this effect with the competent district court in Cologne. This is done to protect the interests of all stakeholders including but not limited to the employees, creditors, customers and the City of Bergisch Gladbach. This gives Zanders Paper a breathing room to further rebuild and shape the company for the future. During the opening insolvency proceedings, which are expected to last two to three months, business operations will be continued by the insolvency administrator.