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Cascades' project to convert idled PM1 newsprint line at Bear Island mill in Ashland, Virginia, to produce containerboard for North American market now expected to cost US$470M-US$485M, up from US$380M initially; start-up may also be delayed to Q1 2023

May graphic paper shipments in Europe decreased 9.1% year-over-year to 1.818 million tonnes, with five of six grades decreasing, and total exports down 35.4%: Euro-Graph

UPM's Q2 profit up 20% year-over-year to €292M, as sales rise 7% to €2.56B on price increases in all business areas, more than offsetting negative impact of higher costs; communication papers posts strong quarter, specialty papers improves from Q1

Norske Skog hires packaging veteran Jorn Steinecke to sales team in Augsburg, Germany, as company prepares to enter packaging market; Bruck mill in Austria makes last jumbo reel of newsprint on PM3 as it readies to begin recycled containerboard production

Swiss paper industry increases output, sales in 2021, manufacturing 1.4 million tonnes of paper, board, film, with sales of 1.54B Swiss francs; Swiss mills delivered 6% more paper, board, with recovering volume growth in newsprint, graphic paper: SPKF

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