Suzano Pulp and Paper Announces Price Increase on UFR Grades

Stora Enso has completed the installation of dispersion barrier technology at its Forshaga site in Sweden and production has now started. Completion of the installation follows the company’s EUR 10 million investment announced in 2020. The installation was carried out on time and the production of new products will be ramped up during the coming months. Dispersion barrier technology enables the production of more sustainable packaging solutions, facilitating the use of renewable wood fiber materials in demanding end uses such as food packaging. These products are also easier to handle in a recycling process, have a lower carbon footprint and can be composted in industrial facilities.

Stora Enso is making an investment in dispersion barrier technology at its Forshaga site in Sweden, as a step in its innovation agenda. The investment of approximately EUR 10 million enables the development and production of paperboard with barrier properties that are easier to handle in a recycling process, have a lower carbon footprint and can be compostable in industrial facilities. The new equipment is expected to come into use during the second quarter of 2021. Stora Enso Forshaga manufactures and develops barrier solutions that are required in certain packaging, for instance to protect against liquid, moisture, oxygen or fat. Liquid packaging, beverage cups and certain food packaging are some of the products that have a barrier which serves to protect the packaged product, while also ensuring that the packaging maintains its user-qualities. The investment in new dispersion technology aims to achieve the desired barrier properties in a more sustainable way. Stora Enso Forshaga has an annual capacity of approximately 120 000 tonnes of barrier coating across two machines/coating lines, with around 100 employees. Since the beginning of this year, the Forshaga site has also become a competence center within Stora Enso’s Packaging Materials division, tasked with producing and developing new bio-based barrier technologies and products.

The board of directors and management of Norske Skog are pleased to announce that it has managed to broker a consensual solution between the Unsecured Committee, the Senior Secured Noteholder Committee and major shareholders. The two bondholder committees and the major shareholders have agreed on a split of the equity ownership of Norske Skogindustrier ASA, following the recapitalization transaction that these groups will support. With this development, over 80% of the senior secured noteholders and more than 50% of the unsecured noteholders have now indicated their willingness to support such an adjusted recapitalization proposal. Therefore, the relevant boards in the Norske Skog group have resolved to revise the terms of the ongoing consent solicitation in accordance with the split agreed. The formal consent solicitation deadline is extended until Wednesday 25 October at 17:00 CET to allow adequate time for the group's noteholders to submit their formal consents. Click Read More below for additional information.