Sales of Russia's largest maker of pulp and containerboard fell 10%, export sales dropped 14% and operating profit shrank 68%.
Wood Pulp
The paper group now expects ¥45 billion for the year to March 2027 instead of ¥60 billion.
The South African pulp and paper maker expects next quarter adjusted EBITDA below the fourth quarter as maintenance shuts and high oil prices weigh.
Three paper machines and the pulp line damaged in the July earthquake will not restart, and output moves to other mills.
Price for bleached hardwood kraft pulp exported from Brazilian dipped 1.7%.
The International Trade Commission found no injury to U.S. producers, so the antidumping and countervailing duties set by the Commerce Department in October will not take effect.
The talks will cover about 120 employees, and the possible layoffs could last more than 90 days in several periods next year.
The weekly figure counts pulp in Shanghai Futures Exchange warehouses that can be delivered against SHFE bleached softwood kraft pulp futures.
Price for bleached hardwood kraft pulp exported from Chilean lost 5.1%.
Price for bleached softwood kraft pulp exported from Chilean decreased 14.2%.
Peace River grants of $13.0 million helped narrow the loss, and the company expects softwood pulp prices to rise modestly in the fourth quarter.
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 $985 million from $1,013 million, while total assets rose, largely from the Sucuriú project in Brazil.
China remained the largest destination as its share gained 1.1 pp, while India grew most at 14.9% and Indonesia's shipments shrank most at 18.8%.
Mexico led destinations as its share rose 1.2 pp, while Germany's shipments rose 15.1% and China's fell 47.9%.
Corrugated paper falls 2.3% on the previous ten days, natural rubber falls 2.6%
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.
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.
Holders of more than 87% of the senior notes and a majority of shareholders back the plan, which cuts about $96 million of annual interest and brings in $400 million of new money. Existing shareholders will keep about 8.5% of the new common stock.