An $829 million goodwill impairment led to a GAAP net loss of $732 million; the company expects continued strong Industrial results and more stable Consumer results in the fourth quarter.
Packaging Paper & Board
Price increases in both regions more than offset input-cost inflation, while sales volumes reached 903,000 metric tons; Billerud expects stable markets and positive pricing in the fourth quarter.
Wood products demand was subdued and log prices fell; Holmen plans to keep balancing production with market conditions.
The preliminary administrative review covers one company and rescinds proceedings for four others, with final cash deposit requirements still pending.
New pricing takes effect for all orders and deliveries from November 1, 2026.
Year to date, wood products shipments were up 0.1% and paper products shipments up 2.0%, against a 7.1% gain for all manufacturing.
Santiago paper machine produces 250,000 tons annually, integrates recycled paper across Argentina, Peru, and Ecuador.
Closure removes 120,000 tons of annual capacity and affects approximately 90 workers.
Six-colour offset press added in Indianapolis; upgrades planned in Chicago and Naperville.
Thunder Bay Pulp and Paper plans boiler and chemical-plant upgrades expected to raise daily kraft production by 11% and increase its use of forest biomass.
Company confident it can address preliminary concerns on graphic paper merger.
230,000-tonne recycled fibre mill to join MM's industrial platform with all employees transferred.
Lower electricity prices, weaker wood-product earnings and cautious construction demand affect operations, while board and paper deliveries improve.
New production line to start in 2028 with capacity exceeding 100 million products annually.
New pricing for all grades takes effect from September 1, 2026.
Lower wood and fixed costs partly offset weaker pulp and paperboard prices, while maintenance shutdowns will reduce third-quarter earnings.
Solid Bleached Boxboard leads with 4% gain; operating rates show mixed results.
AI data center growth and power grid modernization drive 30% capacity increase across Alabama and Texas sites.
Paperboard volumes rise 8% as company restructures Cypress Bend facility and reduces net debt by $59 million.
North American box volumes grow as company completes Riverdale conversion and NORPAC acquisition.