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RBC highlights paper products news for the week (Sept. 19): Mercer has new sustainability-linked credit facility; IP settles tax dispute for about US$310M; Ence to produce fluff pulp at Navia, Spain, mill, and its Pontevedra pulp mill in Spain still down

WIPO publishes IP's international patent filing for feminine hygiene product including composite having improved in-plane permeability; invention includes composite of polymeric fiber nonwoven, crosslinked cellulose layers: Publication No. WO/2022/192371

Jefferies downgrades IP and PCA to underperform, warns of 'massive inventory glut' in paperboard, and says manufacturers like IP, PCA and WestRock are likely to slash prices in Q4; downgrade comes after FedEx's earnings warning of softening global volume

IP settles IRS tax dispute, will pay about US$260M in federal income taxes, plus interest of US$50M, for US$310M total; details of dispute not clear, but IP said in SEC filing that payment had to do with '2015 timber monetization restructuring tax matter'

IP receives US patent for apparatus, method for processing wood fibers from pulp into paper products: Patent No. 11,421,382

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