MM Packaging will become a standalone company, with MM Group keeping a 30% stake.
Packaging Paper & Board
The forecast includes about ¥21 billion of losses at U.S. unit Nippon Dynawave Packaging and ¥20 billion from the Kumamoto earthquake.
The Japanese paperboard maker kept its forecast for a 24% rise in full-year operating profit.
The industrial packaging maker sees no clear sign of a demand recovery and set fiscal 2027 adjusted EBITDA guidance at $645 million at the low end.
The paper group now expects ¥45 billion for the year to March 2027 instead of ¥60 billion.
The group's sales company cites higher labor, logistics and maintenance costs and fuel prices kept high by the Middle East conflict.
The South African pulp and paper maker expects next quarter adjusted EBITDA below the fourth quarter as maintenance shuts and high oil prices weigh.
The talks will cover about 120 employees, and the possible layoffs could last more than 90 days in several periods next year.
A deferred-tax charge tied to the sale of the corrugated packaging business turned the quarter to a $7 million net loss, while two asset sales worth $785.5 million await closing.
Adjusted EBITDA fell to $98.1 million on weaker lumber results, and the company expects challenging conditions through the balance of 2026.
A U.S. tariff on Canadian paperboard idled the Temiscaming site in October, and the company pushed the conclusion of its strategic review to the first quarter of 2027.
The two-year project at the uncoated recycled paperboard mill in Virginia starts in early 2027 and keeps output at about 120,000 tons a year during construction.
Net sales were flat at $2.19 billion as volumes rose 1% and prices slipped 1%. The paperboard packaging maker expects full-year adjusted EBITDA of about $1.05 billion and a return to EBITDA growth in 2027.
Year to date, wood products shipments were up 0.4% and paper products shipments up 2.0%, against a 7.5% gain for all manufacturing.
Francisco Ruiz-Tagle, who has led CMPC since 2018, will leave on April 30, 2027, and the board has started searching for a successor.
The Finnish packaging and wood-products maker expects annual maintenance to raise costs and cut volumes in the fourth quarter.
Pulp and paper producers swung to a loss, and 56.2% of sawmilling companies were loss-making, up from 43.7% a year earlier.
Capacity closures improved the paperboard supply balance and prices; company expects pulp market conditions to improve toward year-end.
A $1.38 billion non-cash goodwill charge drove the reported loss; North American operating profit targets are $460 million to $500 million for the fourth quarter and $1.3 billion to $1.4 billion for 2026.
Smurfit Westrock expects price increases to more than offset freight and energy costs, with full benefits into 2027.