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Q2 2024 cash provided by operations of $365 million and returned $160 million to shareholders in dividends.
Q2 2024 cash provided by operations of $365 million and returned $160 million to shareholders in dividends.
Stora Enso has also appointed Carolyn Wagner Executive Vice President, Packaging Solutions division.
Total printing-writing paper inventory levels increased 3% when compared to May 2024. U.S. purchases of total printing-writing papers in May increased 9% compared to the same month last year.
Sappi Europe announces that it has cut the carbon footprint of its Galerie paper range by 55%, which is projected to reach 70% by the end of 2024.
Compared to the same month in 2023, the figure advanced by 1.4%.
The Q2 EBITDA was positively impacted by insurance at Norske Skog Saugbrugs of NOK 338 million ($31.5 million).
Over the last 12 months, the all items index increased 3.0% before seasonal adjustment.
He will start in his role in October 2024.
Completion of the combination remains subject to the satisfaction or waiver of the remaining conditions, including regulatory clearance being received from the European Commission and the sanctioning of the Scheme by the Court.
When the second 20 megawatt e-boiler starts up in November 2025, it will further boost the mill’s unique ability to switch between natural gas and renewable energy sources – to generate the heat the mill needs to create steam for its paper machines.
Total printing-writing paper inventory levels increased 2% when compared to April 2024.
Overall, manufacturing sales in Canada rose 1.1%.
Mika Kekki assumes this role on top of his current duties and continues in his current role as Executive Vice President of UPM Plywood business area.
The negotiations for collective labour agreements for UPM Specialty Papers, UPM Raflatac, and UPM Biofuels are ongoing.
Company plans to close the Hürth newsprint mill and shut down a fine paper machine at Nordland Papier (PM 3) in Dörpen.
Market strategies have undergone significant changes due to the sanctions. The mill lost its European market for containerboard, which previously accounted for two-thirds of this product's sales.
Iberpapel reported a net profit of Euro 3.93 million in 1Q 2024, year-on-year growth of 0.64%. EBITDA amounted to Euro 7.68 million, down 6.93% from 1Q 2023.
Jamie A. Beggs and Scott A. Tozier to join as newest Board members.
U.S. printing-writing paper inventory levels decreased 2% when compared to March 2024.
Q1 2024 Adjusted EBITDA was $118 million (13% margin) vs. $117 million (12% margin) in Q4 2023.