Price for newsprint exported from Canada rose 3%.
Newsprint
UPM Communication Papers finalizes closures in Germany, affecting 338 positions.
Exports of newsprint from Canada increased 7%.
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.
GreenFirst will hold a shareholder meeting on September 12, 2024, where shareholders will be able to vote on the Spin-out.
The loan is to be used for general working capital purposes.
Overall, manufacturing sales in Canada rose 1.1%.
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.