International Paper (IP) reported Q2 2023 financial results. Net earnings were $235 million ($0.68 per diluted share), Adjusted operating earnings were $204 million ($0.59 per diluted share). “In the Q2, the operations of International Paper continued to run well and we managed our businesses effectively in a challenging demand environment,” said Mark Sutton, Chairman and CEO. “We continued to advance our Building […]
Category Archives: Reports
30
Jul
Jul
Canfor Pulp Products Inc. (CPPI) today reported its second quarter of 2023 results. Overview Q2 2023 reported operating loss of $38 million; net loss of $28 million, or $0.44 per share Significant deterioration in global pulp market fundamentals throughout the quarter driven by record high pulp producer inventory levels and weak global pulp demand Completed […]
28
Jul
Jul
Packaging Corporation of America (PCA) reported Q2 2023 net income of $203 million, or $2.24 per share, and net income of $209 million, or $2.31 per share, excluding special items. Q2 net sales were $2.0 billion in 2023 and $2.2 billion in 2022. Excluding special items, the ($.92) per share decrease in Q2 2023 earnings compared to the Q2 2022 was driven primarily by lower volumes […]
28
Jul
Jul
Advance results indicate that total manufacturing sales in Canada decreased 2.1% in June 2023. The largest declines were in the petroleum and coal product, chemical, and food product industries, as Statistics Canada reports. canadian lumber production and export also suffered from same effects as we have mentioned in the previous report. This estimate was calculated based on a […]
28
Jul
Jul
Lumber production in Canada decreased 14.9% from March to 4 074.0 thousand m3 in April. Production was down 6.1% from April 2022, reports Statistics Canada. Sawmills shipped 3 935.0 thousand m3 of lumber in April, down 8.2% from March and down 7.9% from April 2022. According to Analytics, in April 2023, Canada decreased exports of lumber to the United States by 4.4% year-on-year. Supplies to China increased by 54.9%, […]
19
Jul
Jul
Södra reported second quarter 2023 net sales of SEK 7,322 million (8,953). Operating profit totaled SEK 464 million (2,325), representing an operating margin of 6 percent (26). Return on capital employed was 13 percent (39) and the equity ratio was 61 percent. During the quarter, the World-class Efficiency project achieved annual efficiency gains of SEK […]
15
Jul
Jul
Functional coatings, ideally those that do not compromise recyclability, are central to the continued evolution of more sustainable fiber-based packaging. Several major paper companies have already invested to fit high-throughput coating to paper mills, anticipating a continued increase in demand for new lines of value-added products across multiple sectors. In its latest dedicated study — The […]
19
Jun
Jun
The American Forest & Paper Association (AF&PA) has released the May 2023 Printing-Writing Monthly report. According to the report, total printing-writing paper shipments decreased 22% in May compared to May 2022. U.S. purchases of total printing-writing papers decreased 24% in May compared to the same month last year. Total printing-writing paper inventory levels remained flat […]
13
Jun
Jun
Brazilian company Suzano (SUZB3) has announced a 4 percent reduction in market pulp production volume for 2023 compared to its nominal capacity and historical volumes. According to the company, this move is based on the fact that this volume production would not bring adequate returns for the company during a more complex pulp market period. […]
Reports
Suzano and Sofidel join forces for a pilot program to protect biodiversity in the Amazon region
02
Jun
Jun
Suzano, the world’s largest producer of hardwood pulp, and Sofidel, a leading European tissue paper producer, today announced “Together we plant the future”, a landmark three-year pilot project which will advance ecological conservation and restoration, alongside supporting socio-economic development in the Amazon region in Brazil[1]. This will be delivered with support and on-the-ground implementation from […]