UPM has completed withdrawal of its businesses from Russia by selling all its Russian operations, including the Chudovo plywood mill, to Gungnir Wooden Products Trading. The parties have agreed not to disclose the details of the transaction.
Following Russia’s war of aggression in Ukraine, UPM announced in March 2022 suspension of its business activities in Russia, including deliveries, wood procurement and the Chudovo plywood mill.
https://www.upm.com/about-us/for-media/releases/2023/04/upm-has-sold-all-its-business-operations-in-russia-to-gungnir-wooden-products-trading/
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The Gregor Calendar Award competition has a history spanning more than 70 years and is organized by Graphic Club Stuttgart e.V. and the Baden-Württemberg Ministry of Economic Affairs, Labour and Housing Construction, with the Association of Printers and Media of the State of Baden-Württemberg acting as a project partner. Perhaps more importantly, however, the competition has long been known as an important catalyst for the creative industry. It should come as no surprise then that around 600 calendars from Germany, Europe, Israel, and Japan were submitted for this year’s competition. Or that two of the winners used Koehler paper. “The United Nations declared 2021 the ‘International Year for the Elimination of Child Labor,’ and the extraordinary ‘International Year for the Elimination of Child Labor’ calendar tackles this topic with powerful color compositions, interesting graphics, and beautiful illustrations while undergirding everything with facts on the problem. With a stellar design and a splendid printed presentation, it truly raises awareness of the issue while leaving a lasting impression.” That was the jury’s explanation for the award presented for the calendar. The project was the result of a collaboration between Koehler and Quedlinburg Druck GmbH, the Druckerei Erdenberger print shop, and the Landsiedel|Müller|Flagmeyer creative agency, and used Koehler recycled paper. More specifically, it was printed on creative print, diamond, 210 gsm – premium recycled paper that combines a natural paper look and feel, elegant aesthetics, and superlative properties for further processing.
HIGHLIGHTS • Pulp sales of 2,537 thousand tons (-9% vs. 2Q20). • Paper sales of 296 thousand tons (+26% vs. 2Q20). • Adjusted EBITDA1 and Operating cash generation²: R$5.9 billion and R$4.9 billion, respectively. • Adjusted EBITDA1 /ton3 from pulp of R$2,166/ton (+56% vs. 2Q20). • Adjusted EBITDA1 /ton4 from paper of R$1,506/ton (+12% vs. 2Q20). • Average net pulp price – export market: US$636/t (+35% vs. 2Q20). • Average net paper price4 of R$4,731/ton (+9% vs. 2Q20). • Pulp cash cost ex-downtime of R$680/ton (+13% vs. 2Q20). • Decrease in leverage to 3.3 times in USD and 3.1 times in BRL.
According to the report, total printing-writing paper shipments decreased 20 percent in March compared to March 2020. U.S. purchases of total printing-writing papers decreased 18 percent in March compared to the same month last year. Total printing-writing paper inventory levels decreased five percent when compared to February 2021. Uncoated free sheet (UFS) paper shipments decreased 14 percent compared to March 2020 while the inventory level decreased six percent compared to February 2021. UFS imports increased five percent while exports decreased 39 percent in February 2021. U.S. purchases of coated free sheet (CFS) papers in March decreased 29 percent compared to last March while the inventory level decreased six percent compared to February 2021. CFS imports and exports both decreased compared to February 2020, down 23 percent and two percent respectively. Coated mechanical (CM) paper shipments decreased 40 percent compared to March 2020 while the inventory level increased two percent compared to February 2021. CM imports and exports both decreased compared to February 2020, down two percent and nine percent respectively. U.S. purchases of uncoated mechanical (UM) papers in March decreased 15 percent compared to last March while the inventory level decreased eight percent compared to February 2021. UM imports remained essentially flat (-0.2 percent) while exports decreased 28 percent in February 2021.