Market News of Note

International Paper Company announced that it has commenced a cash tender offer (the "Offer") for up to $700 million aggregate purchase price (excluding Accrued Interest (as defined below) and excluding fees and expenses related to the Offer ) (the "Aggregate Maximum Amount") of its outstanding 4.400% Notes due 2047 (the "4.400% Notes"), 4.350% Notes due 2048 (the "4.350% Notes"), 4.80% Notes due 2044 (the "4.80% Notes") and 5.000% Notes due 2035 (the "5.000% Notes," and, together with the 4.400% Notes, the 4.350% Notes and the 4.80% Notes, the "Notes"). The terms and conditions of the Offer are described in the Company's offer to purchase dated June 7, 2021 (as may be amended or supplemented from time to time, the "Offer to Purchase").

Weyerhaeuser CEO Devin Stockfish believes the home-building and renovation boom could keep wood demand strong for another decade.

The ongoing sharp rise in raw material costs, particularly pulp, chemicals and energy in combination with high freight rates make price adjustments unavoidable.

Södra Cell is increasing the price of its northern bleached softwood kraft (NBSK) pulp in Europe to $1,380, effective 1 June 2021.

A move by the U.S. Commerce Department to increase preliminary tariffs on softwood lumber imports from Canada, if finalized, will raise producer costs and cut into their profits but is unlikely to affect prices to consumers of wood products, analysts say.

Notably in 2020, containerboard capacity expanded, continuing a decade-long trend, and reaching a record high of 40.4 million tons. Tissue paper capacity has also been trending upward, increasing for the past five years, as well as eight of the last 10 years.

Interfor announced that its Board of Directors has declared a one-time special cash dividend of $2.00 per share, which will be paid on or before June 28, 2021 to shareholders of record on May 28, 2021.

Sonoco announced an agreement to repurchase $150 million of its outstanding common shares in an accelerated share repurchase ("ASR") transaction with Wells Fargo Bank, N.A., using available cash on hand.

Clearwater Paper is expecting to take temporary downtime in the coming weeks at unspecified locations of its tissue operations.

Sonoco announced it is increasing prices for all rigid paper containers and closures sold in North America by 9.5 percent, effective with shipments on, and after, June 3 , 2021.

Sun Chemical will increase prices across its portfolio of publication inks in North America, effective June 1, 2021.

DS Smith warned on Thursday of higher packaging prices as an online shopping boom during the pandemic has led to a surge in demand for boxes, coupled with a shortage of raw materials and higher paper prices.

Norske Skog's Board of Directors has made the final investment decision to convert one machine at the Bruck (Austria) industrial site from newsprint to recycled containerboard production. This is the first major step of the two planned European conversion projects in the group's strategy of establishing Norske Skog as a leading independent European producer of recycled containerboard.

Sonoco announced it will raise the price for all paperboard tubes and cores by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after May 24, 2021.

SCA increases the prices on white and brown kraftliner in Europe by Euro 50 per tonne. The new price is valid from June 1, 2021.

As previously communicated by Ahlstrom-Munksjö by way of a stock exchange release published on March 26, 2021, the Board of Directors of Ahlstrom-Munksjö has resolved to apply for the termination of public trading in the shares of Ahlstrom-Munksjö and for the delisting of its shares from the main market of Nasdaq Stockholm AB. Nasdaq Stockholm has approved the application and resolved that the last day of trading in Ahlstrom-Munksjö's shares at Nasdaq Stockholm will be May 31, 2021.

Sappi Europe announces a price increase for all its woodfree coated and woodfree uncoated paper grades by 7 - 10 % effective 1. June 2021 for all markets in Europe. This is in addition to the previously announced and implemented increases.

Due to the current economic environment and the continued significant increase in raw material, manufacturing and logistics costs, Lecta announces a second price increase of 8% on all its 2-side CWF and UWF grades in sheets and reels.

Sappi Europe announces a price increase for all its mechanical coated, woodfree coated and woodfree uncoated paper grades by 8-11% with immediate effect as contracts permit for its export markets. This is in addition to the previously announced and implemented increases.

Hygiene and health company Essity is announcing price increases in Consumer Tissue as a result of higher raw material costs. The price increases are announced in Essity's key markets and the percentage increases are on average in the mid-to-high single digits.

Finnish forestry products company Stora Enso says it plans to stop producing wood pulp in Joensuu for strategic and economic reasons, but did not confirm ethical factors played a role despite recent adverse publicity about exports to China.

Kimberly-Clark Corporation announced that it is notifying customers in the U.S. and Canada of plans to increase net selling prices across a majority of its North America consumer products business. The increases will be implemented almost entirely through changes in list prices and are necessary to help offset significant commodity cost inflation.

The Board of Directors of Ahlstrom-Munksjö Oyj has resolved to apply for the termination of public trading in the shares of Ahlstrom-Munksjö and for the delisting of its shares from the official list of Nasdaq Helsinki Ltd and from the main market of Nasdaq Stockholm AB.

The massive ship blocking the Suez Canal may prove to be a titanic pain in the butt -- by reportedly unleashing a toilet paper shortage not seen since the early days of the coronavirus pandemic.

Speaking at the city council meeting on March 4, Formosa said he wanted to announce that the Catalyst Paper Corporation mill in Powell River will be starting up one paper machine.