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آرشیو برچسب های: coated paperboard

اخبار خارجی

Metsä Board commences change negotiations on possible temporary layoffs in Finland

منتشرشده در by Maxwell
07
آبان

Metsa Board, part of Metsa Group, will initiate change negotiations on possible temporary layoffs for its paperboard and BCTMP mills in Finland. The negotiations involve a total of approximately 1,100 employees at the Joutseno, Kaskinen, Kemi, Kyro, Tampere, Simpele and Äänekoski mills.

The possible layoffs would last a maximum of 90 days and could be implemented in several instalments during 2024.

The change negotiations will start in week 45 and are estimated to last two weeks. With the change negotiations, Metsä Board is preparing for a possible continuation of the adjustment of production to match the low delivery volumes, if the demand situation for paperboards does not improve in 2024. The allocation and amount of layoffs will be specified during 2024.

Metsä Board has announced on similar layoffs on May 17, 2023, which may continue until the end of 2023. The possible layoffs announced now would be scheduled for 2024, and will therefore have no impact on Metsä Board’s operating result for January–September 2023 and January–December 2023.

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اخبار خارجی

Rayonier Advanced Materials reports Q2 net loss of $17 million

منتشرشده در by Maxwell
22
مرداد

Rayonier Advanced Materials Inc. (RYAM) reported a net loss of $۱۷ million, or $(۰.۲۶) per diluted share, for the quarter ended July 1, 2023, compared to a net loss of $۲۳ million, or $(۰.۳۶) per diluted share, for the prior year quarter. Loss from continuing operations for the quarter ended July 1, 2023 was $۱۶ million, or $(۰.۲۴) per diluted share, compared to a loss from continuing operations of $۲۵ million, or $(۰.۳۹) per diluted share, for the prior year quarter.

“Results for the Q2 reflected shifting market conditions across several key end markets. Despite facing volume pressure due to destocking in certain areas of our Cellulose Specialties and Paperboard businesses, we successfully increased prices by 13% and 4%, respectively, from the previous year, demonstrating our commitment to prioritizing value over volume. Moreover, we are experiencing downward pressure on commodity prices across all our segments, which intensified during the quarter. We are reacting by taking downtime at our High-Yield Pulp plant to reduce costs, minimize losses and monetize inventories. We are also reviewing strategic options with respect to our non-fluff High Purity Cellulose commodity businesses, specifically including viscose and paper pulp products,” said De Lyle W. Bloomquist, RYAM’s President and CEO.

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