Solenis to Increase Prices on all Product Lines across Europe, Middle East and Africa (EMEA)

White-collar workers in Finland’s paper industry on Tuesday threatened to go on strike later this month in a dispute with employers over a new wage deal. About 3,000 clerical workers are due to begin a week-long strike on Jan. 17, trade union Pro said, adding that a refusal to work overtime is due to start already on Tuesday. The paper industry, including companies such as UPM (UPM.HE), Stora Enso (STERV.HE) and Metsa Group, accounted for 22 percent of all Finnish exports in 2016.

Billerud is hosting a Capital Markets Day in Stockholm, where the updated strategy will be presented. Ahead of this event, the Board of Directors has decided on new long-term financial targets and on strategic investments in North America. Billerud’s updated strategy, “Way Forward”, reflects the company’s ambition to continue to be a leader in high performance paper and packaging materials. It aims to evolve towards paperboard while remaining committed to graphic and specialty paper in Region North America, and to strengthen the performance in Region Europe. “Going forward we will prioritize profitability over growth and drive performance. We will leverage the growing demand for fiber-based packaging and Billerud’s attractive niche positions, strong manufacturing capabilities and flexible production system. Successful delivery on our plans will enable a strong and competitive Billerud. We target to achieve EBITDA of above SEK 6 billion through our strategic initiatives,” says Ivar Vatne, President and CEO of Billerud.

KaMin LLC announced that it will increase prices for kaolin clay products for the global paper and packaging industry 5 percent effective Jan. 1, 2018, or as contracts allow. "This price increase is necessary to ensure our long-term sustainability," stated Mark Gillespie, Vice President of Commercial. "KaMin has continued to invest to meet regulatory requirements, as well as continued increases in labor, energy and freight/logistics costs." KaMin LLC also announces that its energy surcharge policy will remain unchanged. The threshold of $5/MMBTU and incremental surcharges by product type will remain the same. This policy applies to all slurry, spray-dried hydrous and calcined kaolin grades sold to the paper industry globally.