Restructurings

Rayonier Advanced Materials announced that it is repositioning key members of its senior management team to drive the company's Go-to-Market strategy and accelerate new product commercialization.

Stora Enso plans to consolidate the Finnish spruce (whitewood) production to Varkaus sawmill. The plan includes a permanent closure of Kitee sawmill and production increase to Varkaus.

West Fraser announced their intention to permanently close the Chasm lumber mill and eliminate the third shift from its 100 Mile House lumber mill on June 17.

"We will continue our communication with Verso leadership and continue to discuss the issues raised by the workers, town, and county, so that Luke and the entire region isn't left blindsided once again. We will continue fighting for the mill workers and the residents of Luke during this difficult time."

The shareholders of Bergvik Skog AB, a Swedish forest holding company, have finalised the previously announced restructuring of its ownership.