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Billerud's Q4 net profit soars to SEK940M from SEK320M a year ago, as net sales increase 79% year-over-year to SEK11.97B, of which Billerud North America--formerly Verso--accounted for SEK4B; company sees Q4 shift to softer demand, declining sentiment

Michigan lawmakers approve US$200M appropriation in spending bill to support Billerud's plans to convert Verso's Escanaba paper mill to paperboard production; state-paid incentives would be contingent on Billerud spending at least US$1.1B on the project

Billerud CEO says unexpectedly strong graphic paper market gives company 'much greater flexibility in implementing our strategy'; Billerud initially planned to convert second Verso PM to board in 2029, but 'it may be a few more years' if trend continues

City of Sartell, Minnesota, receives US$50,000 grant from state for riverfront redevelopment at former Verso paper mill site; state's Contamination Cleanup and Investigation Grant Program covers up to 75% of costs to investigate, clean polluted sites

Michigan Strategic Fund approves 15-year tax break worth US$29.4M for Billerud; incentive aims to help lure paper, board manufacturer to choose its Escanaba mill over competing site in Wisconsin to invest up to US$1B for conversion to paperboard

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