Restructurings

Ahlstrom will start a strategic transformation program "Stella" to redesign and renew its business platform. This will greatly benefit Ahlstrom's way of doing business by utilizing data and the opportunities for further digitalization.

The shutdown will impact 31 of the 106 employees.

Rengo Co., Ltd. announces that its consolidated subsidiaries, Kato Danboru Co., Ltd.'s Noda Plant and Sanwa Danboru Co., Ltd., have decided to cease operation of their outdated corrugators and remove them at the end of September 2022.

Ahlstrom-Munksjö has started to operate under the business name Ahlstrom as of October 3, 2022. The company has completed the ownership reorganization of its Decor business and thus proceeded with its plan, announced in May 2022, to change its name to Ahlstrom. The divested Decor business continues as an independent company under the well-recognized Munksjö name.

The site has been producing consumer packaging and belongs to division Packaging Solutions. The existing operations are moving to Wujin and Dongguan sites. The last day of operations at Jiashan site will be October 21, 2022.

To strengthen its competitiveness and increase efficiency, Essity is announcing the following changes to its organizational structure and Executive Management Team, valid as of December 31, 2022.

Mativ Holdings, Inc., a global leader in specialty materials, today announced the planned relocation of its corporate headquarters to a new location in Alpharetta, Georgia. Mativ is a ~$3 billion manufacturer of critical components and engineered solutions, the result of the successfully completed merger between Neenah, Inc. and Schweitzer-Mauduit International, Inc.. The move will enable the company to further enhance its employee experience, innovation and customer support.

Resolute Forest Products Inc. announces the ratification of a four-year labor agreement with the Unifor union covering 1,000 employees working in eight of the company's Quebec sawmills, following an agreement-in-principle reached on July 15.

Charlotte Kaiser has joined the BTG Pactual Timberland Investment Group (TIG) as the firm's first Head of Impact Finance.

Ahlstrom-Munksjö now takes the next step in its strategy execution. Through a clearly defined purpose, sharper strategic focus and ambitious sustainability targets, the company is accelerating its pace of execution with the vision to become the Preferred Sustainable Specialty Materials Company. Following the ownership reorganization of its Decor business, estimated to be completed by the end of the third quarter of 2022, Ahlstrom-Munksjö plans to change its business name to Ahlstrom.

Paper Excellence is in the process of switching from primarily making newsprint and writing paper to food packaging at its Catalyst mill in Port Alberni, and is getting some help from the federal government to make the switch.

Ahlstrom-Munksjö Holding 3 Oy's Board of Directors has agreed an ownership reorganization plan under which the production assets, debts, and liabilities relating to its Decor business will be transferred from Ahlstrom-Munksjö Holding 3 Oy, without liquidation, to a newly formed company that will be named Munksjö.

Chatham Asset Management, LLC, 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, issued an open letter to RYAM shareholders reaffirming its intention to withhold its vote against two long-tenured members of the Company's Board of Directors, Thomas I. Morgan and Lisa M. Palumbo, at the Company's annual meeting of shareholders on May 16, 2022.

In order to help facilitate the Company's financial restructuring, Dunn Paper's Board of Directors has named David Coles as Chief Restructuring Officer. Mr. Coles is a seasoned financial restructuring expert and a Managing Director of Alvarez and Marsal, a leading restructuring firm.

West Fraser Timber Co. Ltd. announced that it will permanently reduce capacity at its pulp mill in Hinton, Alberta ("Hinton Pulp") by the end of this year. One of Hinton Pulp's two production lines will shut, and the remaining line will produce Unbleached Kraft Pulp ("UKP") rather than Northern Bleached Softwood Kraft Pulp ("NBSK").

If you remember, Chatham also sent multiple letters to RR Donnelly.

About 190 employees will lose their jobs, but the company said those employees will be able to apply for other jobs in the company. That includes more than 100 new jobs that will be created with a $500 million expansion of the Broadway Mill in Green Bay. That expansion is for production of premium paper towels.

Closure will be completed by the end of May 2022.

One of these partners, Columbia Pulp -- the only North American supplier responsible for processing wheat straw into pulp to make Mohawk Renewal Straw -- announced in February 2022 that they were ceasing operations. We have exhausted every avenue in Columbia Pulp's absence, but without a supplier, we cannot continue to support this industry-disrupting product and will have to discontinue Straw from the Mohawk Renewal portfolio effective immediately.

PotlatchDeltic will recognize a pre-tax noncash pension settlement charge in the first quarter of 2022.

West Fraser is temporarily rolling back its operating schedule at lumber mills across B.C., impacting more than 700 employees.

Ahead of schedule, Domtar's Kingsport plant manager said roughly 170 employees are currently in training to be able to safely produce the brown paper cardboard.

In 2019 when the company announced its new facility in Kalamazoo, representatives at the time described a new machine that would be housed at the new location would be used to replace other production facilities like the one in Battle Creek.

Two of the country's largest pulp and paper unions, Unifor and the Public and Private Workers of Canada (PPWC), have reached a tentative deal with Canfor that establishes the pattern for Western Canadian forestry.

Jan. 3 marks Enviva Inc.'s first full trading day as a corporation on the New York Stock Exchange (NYSE: EVA) following its successful conversion (the "Conversion") from Enviva Partners, LP, a master limited partnership, to Enviva Inc. ("Enviva"), a Delaware corporation, on December 31, 2021. As part of the Conversion, Enviva also announced the appointment of three new members to its board and changes that will further strengthen its executive leadership team.