Market News of Note

Sappi Europe informs customers about ongoing challenges to cope with further increases of pulp, energy, chemicals and transportation costs.

Södra raises prices for softwood and hardwood pulpwood. The background is the market's high demand in the short and long term.

The board adopted the plan after Atlas Holdings confirmed it entered into a block trade that would give Atlas nearly 14% of Sylvamo's outstanding shares and informed Sylvamo it also holds an unspecified amount of derivatives on Sylvamo shares. Sylvamo's leaders maintain open dialogue with Sylvamo's investors, including Atlas, and plan to continue these conversations. Sylvamo recognizes Atlas' extensive experience in the paper industry.

West Fraser Timber Co. Ltd. announced that its board of directors (the "Board") has approved the commencement of a substantial issuer bid (the "Offer") pursuant to which the Company will offer to purchase from shareholders for cancellation up to US$1.25 billion of its outstanding Common shares (the "Shares").

Cascades Inc. announced that, due to the ongoing public health impact of the coronavirus (COVID-19) pandemic, and to mitigate the health and safety risks to the Company's shareholders, the location of the Company's 2022 Annual General and Special Meeting of Shareholders (including any adjournments or postponements, the "Meeting") has been changed to a virtual-only meeting format.

Myles Cohen has served as a division president at both Pratt Industries and Sonoco Products Company over the past two decades.

Rayonier Advanced Materials Inc. issued the following statement in response to the March 17, 2022 letter from Chatham Asset Management, LLC ("Chatham") sent to the independent members of Company's Board of Directors.

Chatham Asset Management, LLC ("Chatham"), a private investment firm which manages funds that beneficially own approximately 6.3% of the outstanding common stock of Rayonier Advanced Materials ("RYAM" or the "Company") (NYSE: RYAM) and is a substantial bondholder of the Company, today sent a letter to the independent members of RYAM's Board of Directors (the "Board") expressing its concerns that management is not taking action quickly enough to proactively address the Company's upcoming debt maturities.

Sappi Europe continues to face increasing costs to its Graphic Paper business, related to energy costs as well as raw material cost rises due to availability challenges. It is forecast that this volatile environment will persist for now due to the current uncertain political and economic climate.

Sonoco, one of the largest global sustainable packaging companies, provided updated first-quarter 2022 earnings guidance and announced its earnings release date and investor conference call information.

This surcharge is necessitated by the impacts of rapidly escalating inflation and directly correlates to the significant increase in the Company's costs for energy, logistics, chemicals, and wood.

SCA says it will be hiking the prices on white and brown kraftliner in Europe by Euro 100 per tonne. The new price is valid from April 1, 2022.

Södra makes a broad timber price increase and raises the price for timber, pulpwood, low timber and fuel wood. At the same time, contractors are also compensated for the cost increase that has taken place due to higher fuel prices.

Sonoco-Alcore S.a.r.l. announces that due to the continued escalation in the cost of European energy, it will raise prices by €100 (£85) / tonne on all recycled paperboard grades sold in the Company's EMEA regions effective for all shipments made on or after the 14th March 2022.

Sales growth was strong during the year and net sales amounted to approximately SEK 122bn.

Clearwater Paper is examining opportunities in a potential consolidation of the private label tissue industry after losing $28 million in 2021.

Vancouver-based West Fraser is the only company that will see its rate rise, from 11.14 per cent to 13.09 per cent.

Sun Chemical will increase prices across selected parts of its pigments, dyes and preparations portfolio, effective February 14, 2022 or as contracts allow. The price increase affects all market segments.

Global supply chain issues caused the company to announce a delay in the start-up of its new Uruguay pulp mill to the end of first quarter 2023 from the second half of 2022 and a 10% increase in the mill's investment costs.

Greif, Inc., a global leader in industrial packaging products and services, announced that it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) and a minimum 6.0 percent increase on all tube and core and protective packaging products.

Weyerhaeuser Company announced that its board of directors declared a supplemental dividend of $1.45 per share on the common stock of the company, payable in cash on February 28, 2022, to holders of record of such common stock as of the close of business on February 18, 2022.

Suzano SA has raised pulp prices for clients in Europe and North America effective next month, a source familiar with the matter said.

Essity is announcing price increases in all product categories and markets to compensate the substantially higher costs for raw materials, energy and distribution. The timing and degree of the price increases will be managed locally.

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 March 1, 2022.

Sonoco intends to allocate an amount equal to the net proceeds from the offering, together with borrowings under a new term loan facility and its commercial paper program, to fund the $1.35 billion cash consideration payable in connection with its previously announced plans to acquire Ball Metalpack.