The first quarter of 2017 was characterised by strong production and high deliveries. The Group as a whole, as well as Rottneros Mill, set production records for a single quarter. The Group increased production by 8 per cent compared with the first quarter of 2016, despite some disruptions in production at Vallvik Mill. We are clearly moving in the right direction, though more remains to be done to increase availability and production in the future. Operating profit was held back by some unplanned costs of about SEK 10 million and compared with the first quarter last year, operating profit decreased by SEK 14 million to SEK 57 million. We also encountered some headwinds because our average price denominated in Swedish kronor was only marginally higher than in the first quarter last year because of a less favourable product and customer mix. click Read More below for additional detail
UPM Raflatac, one of the world’s leading suppliers of self-adhesive label materials, has completed its acquisition of the assets of Seattle, Washington-based Converters Express, Inc.
By opening a terminal in the Seattle area, UPM Raflatac will continue to deliver on its promise to provide customers world class service with a local touch. This acquisition allows UPM Raflatac to expand its customer reach and improve its service capabilities to the Northwestern U.S. label market by offering label converters in the area an expanded range of innovative and sustainable paper, film and specials products – particularly in the wine and craft beverage segments.
“We are pleased to continue the expansion of our presence and service in North America by acquiring the assets of Converters Express,” says Linnea Keen, Vice President, Sales, North America, UPM Raflatac. “We are now better equipped than ever before to serve the label converters in this region by providing the market next day service on a wide range of high quality labelstock products.”
“I am happy the next chapter for Coverters Express involves integrating with the exceptional infrastructure and resources from UPM Raflatac,” says Lynda Tarvin, Owner, Converters Express, Inc. “Their knowledge and exceptional portfolio of products will certainly provide more solutions and services along with quick turnaround to our Pacific Northwest label converters.”