Market News of Note

Sonoco announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning November 16, 2020.

Greif, Inc. announced that it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) effective with shipments on or after Monday, November 9th, 2020.

Sonoco announced that it is implementing a price increase for all paperboard tubes and cores by 8 percent, effective with shipments in the United States and Canada on or after November 23, 2020.

Effective with all orders shipping on or after November 1, 2020, Verso Corporation is increasing the transaction price of all pulp products by $30.00 per metric tonne.

The fourth sheeting line at the UPM Kymi paper mill started full production at the end of October, strengthening UPM's position on the market for graphic fine paper sheets.

Stora Enso has decided to start using a valuation method for its forest assets in the Nordics based on market transaction data and change the accounting policy from the fourth quarter of 2020 onwards. Preliminary estimations, based on transactions in those areas in which Stora Enso has forest land, indicate that the value of the Group's forest assets, including leased land, will be between EUR 6.5 billion and EUR 7.0 billion, compared with the end of Q3/2020 book value of EUR 5.4 billion.

Kotkamills, a manufacturer of fully recyclable food service board, is currently exploring the possibility of establishing its own sales office in the North America. The launch of production in the still growing North American food packaging market is also being explored.

Sonoco is implementing a $50/ton (USD/ST) increase on all domestic and export corrugating medium grades shipping from its Hartsville, South Carolina paper mill. The prices are effective with shipments on and after November 2, 2020.

Schweitzer-Mauduit International says it is rapidly increased production of its Alphastar Electrostatic Media product at its Wilson, North Carolina manufacturing facility amid doubled customer demand from the prior year.

Due to market conditions that remain unfavorable, after a 6-month temporary shutdown, Kruger Specialty Papers is forced to permanently shut down its newsprint, specialty papers and pulp production at its Brompton Mill. However, the water treatment plant will continue to operate and the biomass cogeneration plant will restart.

SCA increases the price on bleached softwood kraft pulp (NBSK) by $40 per tonne. The new price, $880 per tonne, is valid from October 1, 2020.

Södra Cell is increasing the price of its northern bleached softwood kraft (NBSK) pulp in Europe by $40/tonne to $880, effective 1 October.

Resolute Forest Products is continuing plans to reopen its sawmill in El Dorado, Ark., that has been closed since last summer.

SCA has confirmed a new harvesting plan which shows that the harvesting level in the own forest will increase over the coming five years by an additional one million cubic meters per year more than the current level. The increased harvesting level gives an increased cash flow of 300-400 MSEK per year with full effect from 2025.

Norbord Inc. announced an update regarding the 2Q 2020 capacity utilization of its North American oriented strand board (OSB) and European panel mills.

Södra is planning a new investment for its state-of-the-art pulp mill in Värö which will allow the mill to increase capacity yet further, in steps toward 850,000 tpy.

Södra is planning a new investment for its state-of-the-art pulp mill in Värö which will allow the mill to increase capacity yet further, in steps toward 850,000 tpy.

Clearwater Paper Corporation announced a preliminary update to the company's previous outlook for second quarter 2020 Adjusted EBITDA of $45 to $55 million.

Sonoco announced its Tube & Core North America division will implement a tube and core scrap return subscription service, effective July 1, 2020.

In four years, the number of pine seedlings from Södra that are sold has risen from just over 3 million to just over 6 million.

Sonoco announced it is increasing prices for all rigid paper containers and closures sold in North America by a minimum of 5.5 percent, effective with shipments on, and after, June 8, 2020.

In early March 2020, we informed you that our IT systems had been affected by malware. During this period, we faced some challenges running a manual operating system to fulfill our customer orders and commitments. Today, we have full visibility of our order fulfillment process and expect to return to the excellent customer service levels to which you are accustomed.

Nearly 700,000 tons of tissue produced by U.S. mills in March, more than any other month since 2007.

Pixelle Specialty Solutions' Androscoggin Mill is back in operation after a dramatic explosion but the loss of its pulp operation is going to hurt loggers and truckers.

West Fraser Timber Co. Ltd. says it is withdrawing its production outlook for the year due to the uncertain impact of measures to cope with the COVID-19 pandemic.