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Mercer International Inc. has reported its second-quarter 2020 results, citing a net loss of $8.4 million (or $0.13 per share), compared to net income of $10.3 million (or $0.16 per share) in the second quarter of 2019.
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Applications for the first round of funding for the Forestry Innovation Transition Trust, established in February following the closure of Northern Pulp, will be accepted until Aug. 31.
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The project will focus on minimizing risks related to the decline in demand for newsprint, and ensure the mill’s longevity in Newfoundland and Labrador’s forestry supply chain.
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Pulp Moulded Products (PMP) in Newmarket, Ontario, which develops products made from Canadian pulp, will receive additional financial support from Kruger Inc.
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The standoff between Northern Pulp and Nova Scotia continued last week with the province claiming that the mill has misrepresented its finances, and the mill saying the province knew Northern Pulp’s financial situation.
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Sales for Resolute Forest Products were $612 million in the quarter ended June 30, a decrease of $143 million from the year-ago period.
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Mills have cited a variety of reasons for the curtailments, including declining demand in some segments, such as newsprint and specialty paper, sawmill downtime and reduced workforce availability due to COVID-19 safety precautions. Here’s a list of the capacity adjustments, curtailments and shutdowns announced so far.
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The mill is providing its vacant human resources building for the centre, and will be in charge of maintaining the facility.
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The provider of automated online inspection solutions, has appointed a new global manager for plastics, nonwovens and paper.
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Date: October 5-7, 2020
Location:Milwaukee, Wis.
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Date: October 13-15, 2020
Location: Stockholm, Swe.
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Date: October 27-28, 2020
Location: Montreal, Que.
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Date: November 1-4, 2020
Location: Atlanta, Ga.
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Date: November 11-13, 2020
Location: Miami, Fla.
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