Over the past six years, through its partnership with Coaching for Literacy, International Paper has directly provided more than $800,000 in grant funding to 40 literacy organizations in more than a dozen states.
Rayonier Inc. completed its previously announced acquisitions of high-quality commercial timberlands located in Texas, Georgia, Alabama, and Louisiana from Manulife Investment Management on December 15, 2022 for an aggregate purchase price of approximately $454 million, after customary purchase price adjustments at closing.
Sappi joins 2022 SEAL Sustainability Award honorees that range from global brands, such as Disneyland, General Electric, GM, Microsoft, Oracle, Proctor & Gamble and Samsung, to high-growth start-ups and scale-ups, such as AiDash, Flock Freight, Optoro, and PATH.
Over 200 Unifor Local 5025 members voted strongly in favor of a new deal with Resolute Forest Product's Thunder Bay Sawmill that will see the current collective agreement re-opened and extended by 4 years to September 8th, 2028. The new extension will include key language improvements, an additional 24% average pay raise and achieve all provisions of Unifor's Eastern Canada Pulp and Paper Pattern established back in May.
The planned renovation and expansion of the Escanaba paper mill came one step closer to fruition Monday evening as the Wells Township Board voted to approve a Forest Products Processing Renaissance Zone. The renaissance zone allows the mill's owner, Billerud to enjoy a fifteen-year tax abatement.
Canfor Pulp Products Inc. is announcing the immediate curtailment of its Intercontinental Pulp Mill, which is expected to be in place for four weeks. The curtailment is due to the lack of available economic fibre as a result of sawmill curtailments. The downtime will remove approximately 24,000 tonnes of market kraft pulp.
Due to higher-than-expected major maintenance related costs at the company's Lewiston, Idaho mill, and other operational issues, the company now expects adjusted EBITDA for the fourth quarter of 2022 to be in the range of $28M-$34M and full year 2022 adjusted EBITDA of $227M-$233M.
The Russian authorities have not approved the sale of Mondi's Syktyvkar mill in the Komi Republic, Russia. Possible reason is too high transaction price.
