Market News of Note

LSC Communications, Inc. announced that it received notification from the New York Stock Exchange that the NYSE has determined to commence proceedings to delist the Company's common stock from the NYSE and that trading in the Common Stock on the NYSE has been suspended, effective immediately.

Layoff notices were handed out to employees at Northern Pulp in preparation for the closure of the company's mill on Jan. 31, 2020.

Corner Brook Pulp and Paper announced this monrth it is restructuring staff to keep its labour costs in line, and that will mean a loss of permanent status for some workers at Newfoundland and Labrador's only newsprint mill.

Pregis is announcing another $5 million investment in its Pregis Films facility located in Grand Rapids, Michigan. Additionally, Pregis is leasing an additional 35,000 square feet in the same location for expanded warehousing capability.

Canfor Corporation announced it will be curtailing operations at all British Columbia sawmills at the end of December.

IT Tech Packaging, Inc. announced the commercial launch of a new tissue paper production line (the "PM9 Production Line"), following the success of its trial production, the receipt of its disposed wastewater discharge permits and construction completion acceptance from Chinese environmental authorities.

Södra is adding another shift at its facility for cross-laminated timber in Värö and doubling capacity.

On Friday morning, Nov. 8, managers somberly gathered at the Tolko office in Kelowna to call 140 workers one by one to tell them the lumber mill will close forever Jan. 8.

The stoppages are expected to reduce production by 30,000 cubic metres.

Corner Brook Pulp and Paper Limited will be shutting down one of its two paper machines for 11 days.

A roughly 350,300-square-foot warehouse and distribution facility in Mount Pleasant, Wisc. has been acquired by ND Paper, an Illinois-based paper and paper products maker, according to county records.

Beetles, tariffs and mill closures have cut into Canada's share of the U.S. lumber market, lifting prices by about a third over the past year and shifting even more logging to the U.S. Southeast.

Norbord Inc. announced that effective mid-November, it will indefinitely curtail production on Line 1 of its two-line oriented strand board (OSB) mill in Cordele, Georgia until further notice.

Fortress Global Enterprises Inc. announced that it will be taking market downtime at the Fortress Specialty Cellulose Mill (the "FSC Mill") in Thurso , Québec.

Domtar Corporation announced that it will permanently shut down two of its paper machines.

Rayonier Advanced Materials Inc. will increase prices of its high-alpha and high-viscosity Cellulose Specialties products (including acetate, ethers, micro-crystalline cellulose, nitrocellulose and other grades) by 6%, effective immediately, or as contracts allow.

In August 2019, Brazilian exports of wood-based products (except pulp and paper) fell 22% in value compared to August 2018, from $282.4 million to $219.7 million, according to ITTO.

WestRock Company has provided an estimate of the impact of Hurricane Dorian on its fiscal fourth quarter financial results.

Tolko Industries is cutting back its operations at a lumber mill in Kelowna, affecting 127 jobs as the company becomes the latest in the industry to announce a shutdown in British Columbia.

Metsä Group has scheduled several planned annual maintenance shutdowns at its pulp mills for the autumn of 2019.

West Fraser Timber Co. Ltd. says it will introduce variable operating schedules at five of its British Columbia sawmills, resulting in an estimated 15 to 25 per cent decrease in production.

If realized, the measures would result in a reduction of 265,000 tonnes of SC capacity and 240,000 tonnes of newsprint capacity in UPM's portfolio.

A scheduled week-long shutdown for maintenance at Prince George Pulp and Paper will be followed by a two-week closure in response to weak prices for its product, a Canfor Pulp spokesperson confirmed Wednesday.

Interfor Corp. plans to permanently close its Hammond sawmill in Maple Ridge, B.C., affecting more than 100 workers.

More workers at Georgia Pacific in Crossett are having to look for other jobs.