Major Announcements

Norske Skog AS, one of the leading global publication paper producers, announces today that it has initiated a process to consider an initial public offering ("IPO") and listing of its shares on Oslo Børs (Oslo Stock Exchange). Norske Skog AS is currently owned by funds managed by Oceanwood Capital Management Limited.

The curtailments are scheduled to run from June 17 through July 26.

Earlier this year (March 1, 2019), we shared with you the news that Ken Winterhalter had been named the new Chief Executive Officer of Twin Rivers, and that I (Bob Snyder) would be moving into a full-time role as Chairman of the Twin Rivers Board of Managers.

The decision on the investment of 65,000 cubic metre Kerto LVL line was made in December 2017.

On Wednesday, May 29, 2019, at 12:45 a.m., Phoenix Paper Wickliffe, LLC, successfully restarted operations of the Wickliffe, Kentucky paper mill.

Stora Enso will invest 350 million euros ($391 million) at its Oulu mill to boost output of kraftliner board used in packaging and reduce glossy magazine paper production, the company said.

Essity said it will build a test plant in Germany to produce pulp from wheat straw and other plant-based agricultural by-products to reduce its dependence on wood based pulp.

CorrVentures LLC, a private development firm specializing in strategic project development in the pulp and paper and corrugated packaging markets, announced its intention to build and operate a 300,000 ton-per-year 100 percent recycled lightweight containerboard mill located on a 102 acre site about 9 miles south of Albany, New York.