Major Announcements

LP Building Solutions (LP), a leading manufacturer of high-performance building products, announced that Chief Executive Officer Brad Southern will retire effective February 19, 2026, after leading the company since 2017.

The hiatus for Washington County's largest employer is due to a downturn in the global pulp market and comes after increases in tariffs on Canadian lumber.

Mohawk Industries Chief Financial Officer James Brunk will retire on 1 April 2026, concluding a 20-year tenure during which the company became a global flooring leader. Nicholas Manthey, the company's current Vice President of Corporate Finance and Investor Relations, has been appointed as his successor.

The estimated need for personnel reductions in the change negotiations was up to 315 employees, of which 155 were in Finland. The change negotiations in Finland have now concluded, resulting in a total reduction of 150 positions.

Following the strategic review, the Board of Directors of Stora Enso has decided to initiate preparations for the separation of the Swedish forest assets business of Stora Enso into a new publicly-listed company through a statutory partial cross-border demerger, expected to be completed during the first half of 2027. All shares in the new company would be wholly owned by Stora Enso's shareholders.

The Compton facility closure will impact 125 employees, while the Louisville facility closure will impact 93 employees.

GreenFirst Forest Products Inc. welcomes the recent announcement of the restart of operations at Kap Paper Inc. This development highlights the strong collaboration between the federal and provincial governments and their shared commitment to supporting Northern Ontario communities and Canada's broader forestry sector.

M.Sc. (Econ.) Anssi Tammilehto has been appointed Chief Financial Officer (CFO) and member of the Corporate Leadership Team of Metsä Board Corporation. He will start in the new position no later than February 2, 2026, and will report to CEO Esa Kaikkonen.

Unifor members in Ear Falls, Ont., gathered at the municipal government building to call for immediate action to reopen the Interfor Ear Falls sawmill that recently shut down production.<

Essity has announced the establishment of its new Middle East regional headquarters for its Health & Me

Michael Casamento to return home to Australia to be closer to his family on a full-time basis; Will leave the Company as a result, remaining in an advisory role until June 30, 2026 to support transition.

This decision impacts approximately 130 employees at the cellulose mill, and 22 employees at the Technology and Innovation Center. It is our expectation that most positions at the mill and technology center will be eliminated by early December.

The location for the new investment, intended to be within one of Sofidel's existing facilities, has not yet been finalized. The company is currently engaging with various public authorities to finalize the project.

Billerud has decided to launch a cost saving program targeting annualized savings of SEK 800 million. The planned cost savings will affect Billerud's European operations and Group functions globally and will include reduction of up to 650 positions.

After an initial mill closure announcement, efforts had been made to find a buyer. However, those efforts did not find success, and the company announced they would close on Aug. 10 and lay off 780 workers.

Rayonier Advanced Materials Inc. announced the resignation of Gabriela Garcia, the Chief Accounting Officer and Vice President, Corporate Controller, effective October 10, 2025. Her resignation was not due to any disagreements with the company.

Mondi welcomed international customers and partners to celebrate the start-up of its Duino mill in Italy following the successful conversion of its existing paper machine into a high-quality recycled containerboard machine.

Pregis®, a global leader in protective packaging, mailing & bagging, and flexible packaging solutions, opened a new 477,000-square-foot paper converting center in Elgin, Illinois, with a ribbon-cutting ceremony on September 19, 2025. The facility will support over 500 manufacturing jobs and can produce more than 1 billion curbside recyclable paper packaging solutions annually.

The Norwegian Research Council (NFR) has awarded NOK 15 million to support Borregaard's innovation initiative, Biomer. The project aims to develop bio-based alternatives to polycarboxylates - fossil-based polymers commonly used in agriculture, industry, and household products.

Following the death of longtime chairman and CEO Richard G. Verney on Sept. 10, Monadnock Paper Mills and Monadnock Non-Wovens have announced that former CFO Andrew Manns will return as CEO and operations will continue without interruption under the direction of the board and Manns.

The mill's increased capacity will create more than 600 new jobs in the province's forestry supply chain.

Kap Paper said it has received $50 million in loans from the Ontario government, which helped provide short-term stability. It said it had approached Ottawa for funding, but the timing "doesn't appear to be aligning" for a solution to keep the Kapuskasing mill open.

Mill also closed for several months earlier this year.

Domtar will temporarily shut its Glenwood, Arkansas sawmill on October 10, halting operations at a facility that produces 167 million board feet of southern yellow pine lumber annually and employs 113 workers.

Interfor Corporation will reduce lumber production by approximately 145 million board feet between September and December 2025, representing approximately 12% of its normal operating stance. The company has annual lumber production capacity of approximately 4.7 billion board feet.