Pulp and Paper

CellMark Appoints Neil Gosbee as New President of the Pulp Division

Neil GosbeeApril 17, 2026 - CellMark announced the appointment of Neil Gosbee as the new Division President of the CellMark Pulp Division. The appointment became effective April 15. Gosbee succeeds Doug Smith, who is stepping down from the role as part of a natural leadership transition following his appointment as President and CEO of CellMark in October 2025.

Gosbee has been with CellMark since 2016 and has played a key role in strengthening the company's pulp platform. He has been instrumental in securing new supply and driving commercially successful outcomes, contributing to some of the Pulp Division's strongest results to date.

With prior experience working for two pulp producers, Neil brings a distinctive supplier?side perspective that enhances the Pulp Division's ability to understand market realities and deliver practical, value?driven solutions for both suppliers and customers.

During his tenure at CellMark, Gosbee has consistently demonstrated strong leadership and effective people management, fostering collaboration while driving performance across both strategic and operational priorities.

Smith commented, "I am exceptionally pleased to be naming Neil as my successor. Neil has demonstrated that he is a strong leader and has helped the Pulp Division achieve some of its most profitable results to date."

CellMark is an independent sales solution company providing products, services, and solutions to customers and suppliers all over the world. CellMark provides a full suite of services and runs several successful international divisions within the areas of pulp, packaging, paper, recycling, chemicals, and basic materials. CellMark trades over 7 million tons of products annually with revenue of over USD 3.7 billion.

SOURCE: CellMark

 

Suzano Launches Newly Developed Brown Eucalyptus Pulp Known as Eucanatural

Suzano EucanaturalApril 17, 2026 – Suzano announced the launch of its brown eucalyptus pulp known as Eucanatural to market. Eucanatural has been developed by Suzano’s R&D team at the Aracruz Technology Center in Espírito Santo, Brazil, and currently being successfully produced on an industrial scale.

According to Suzano, this type of pulp is still not widely available globally and represents a high-performance alternative for the packaging, flexible paper, air filter, and various other applications, combining strength, lower environmental impact, and a characteristic natural appearance.

“Very few companies in the world produce brown pulp for the market,” explained Lucas Ornelas Jacinto, senior researcher at Suzano. “At each stage of the process, we conducted the necessary tests and, after validating the potential, we launched the industrial campaign. Eucanatural stands out for its resistance and lower consumption of chemicals, since there is no bleaching stage.”

The product idea emerged in 2020 and, between 2021 and 2022, underwent intense technical development work. During this period, Suzano's research team simulated all stages of the industrial process in the Technology Center's laboratory, evaluating physical and chemical properties and conducting pilot tests.

In 2023, the technology advanced to the first large-scale industrial campaign, with the production of thousands of tons and, recently, a campaign reinforced the effective entry of Eucanatural into the company's commercial portfolio.

Because it does not undergo a bleaching process, Eucanatural reduces the use of chemical inputs and offers a naturally brown appearance, ideal for packaging that aims to convey sustainability and authenticity. The product is suitable for packaging in general (cardboard boxes, shoe boxes, bags and other paper packaging applications that require robustness).

Ornelas pointed out that one of the segments that most absorbs brown pulp is that of flexible papers, such as wine labels, coffee bags, and air fryer papers.

“The market segment that buys the most brown pulp is that of flexible papers,” Ornelas said. “The combination of technical performance and environmental attributes makes Eucanatural a strategic alternative in a world increasingly oriented towards renewable solutions. And at Suzano, we are committed to innovation, because that's where opportunities arise to improve the world and our own business.”

Suzano is the largest hardwood pulp producer in the world, operating eight pulp mills in Brazil with a combined production capacity of 13.5 million tons per year of pulp. Based in Brazil, the company also produces paper and tissue.

SOURCE: Suzano

 

IFPTA-ASCM Scholarship Opportunity Coming Soon

The IFPTA-ASCM Scholarship aims to support professional development within the forest products transportation and supply chain community. April 15, 2026 - The International Forest Products Transport Association (IFPTA) is proud to announce a call for nominations for two scholarships toward an Association for Supply Chain Management (ASCM) certification. These scholarships are available to current individual members of IFPTA or an employee of an active IFPTA member company.

The ASCM is a global leader in supply chain organizational transformation, innovation, and leadership. Its certifications and education programs are internationally recognized for advancing supply chain excellence and developing professionals capable of leading change.

Purpose of the Scholarship

The IFPTA-ASCM Scholarship aims to support professional development within the forest products transportation and supply chain community. The initiative is designed to:

  • Advance industry knowledge and leadership capacity.
  • Promote continuous improvement in logistics, transportation, and supply chain operations.
  • Encourage learning that can be shared and applied across the IFPTA membership network.

Eligibility

To be considered for the IFPTA-ASCM Scholarship, applicants must:

  • Be a current individual member of IFPTA or an employee of an active IFPTA member company.
  • Have a minimum of 12 months of continuous employment in their current role (or equivalent) within a member company.

Announcement of Scholarship Winners

The names of the scholarship winners will be announced at the inaugural 2026 IFPTA Forest Products Transport Symposium that will be held at The Grand Hotel Golf Resort & Spa in Point Clear, Alabama, October 5-7, 2026.

A notification about how and where to submit nominations will be sent in two weeks by email to all individual IFPTA members and IFPTA member companies.

Kind regards,

IFPTA Board of Directors

 

CENIBRA

CENIBRA Implements SAP Green Token for Digital Traceability of Pulp Production

March 17, 2026 - Brazilian pulp producer CENIBRA has implemented SAP Green Token, which supports supply chain compliance by ensuring traceability and transparency according to recognized sustainability standards and regulations. In addition, Green Token manages the required sustainability documentation by collection, generating and transferring sustainability declarations.

CENIBRA pointed out that the enforcement of the European Union's Deforestation Regulation (EUDR) triggered the need for robust data management as a top priority. By adopting this innovative technology from SAP, CENIBRA not only advances its strategy of complying with global regulatory requirements but also provides a new level of dependability to its international partners.

Cutting-edge Technology for EUDR Compliance

Relying on the cooperation of the consultancy firm OSH Pro, CENIBRA now uses a state-of-the-art system to automatically create environmental proof documents. The resulting certificates are sent directly to the European Union's official system in the form of a digital "seal of guarantee." Thus, the company can prove beyond any doubt that its pulp was properly produced, without causing deforestation, while respecting nature.

More than 11,500 tons of pulp have already been tracked in the first two months of the system's operation alone, which demonstrates the agility digitization has brought to our internal processes and export logistics.

End-to-End Data Integration and Transparency

This project's uniqueness is the creation of a single data source. By integrating information, geolocation data, and raw materials, it is possible to record sustainability attributes from the forest to the final product delivered to our European customers.

Gustavo da Costa Duque, Systems Analyst at CENIBRA, said, "The SAP Green Token provides CENIBRA with a structured process for supply chain traceability. We improved our control system through the adoption of a robust digital solution that delivers transparency and agility."

Based in Minas Gerais, Brazil, CENIBRA (Celulose Nipo-Brasileira) operates a pulp mill in Belo Oriente with the capacity to produce 1.2 million tons per year of bleached eucalyptus pulp (hardwood). The company manages 254,000 hectares of land, of which 51% is used for eucalyptus plantations and 49% kept as protected areas.

SOURCE: CENIBRA

 

Canfor Pulp

Canfor Pulp Reports Fourth Quarter 2025 Loss on Weak Global Softwood Pulp Markets

March 6, 2026 - Canfor Pulp Products (TSX: CFX) on March 5 reported its fourth quarter of 2025 results:

Overview

  • Q4 2025 operating loss of $85.6 million; net loss of $133.6 million, or $2.05 per share.
  • As a result of the prolonged weakness in global pulp markets and the Company's persistent challenges accessing economically viable fibre, an asset write-down and impairment charge totaling $106.5 million was recognized in Q4 2025, which included a write-off of a previously recognized deferred tax asset of $52.5 million.
  • After taking into consideration adjusting and one-time items totaling $57.5 million, the adjusted operating loss for Q4 2025 was $28.1 million, compared to a similarly adjusted operating loss of $11.1 million in Q3 2025.
  • Global softwood pulp markets were relatively flat through Q4 2025, principally driven by elevated pulp producer inventory levels.
  • Pulp production declined 4% in Q4 2025 (versus Q3 2025) primarily due to a scheduled maintenance outage at its Northwood NBSK pulp mill, including a slower than anticipated restart.
  • Jointly with Canfor, the Company announced in December 2025 it had entered into an Arrangement Agreement, where Canfor would acquire all of the issued and outstanding common shares of Canfor Pulp not already owned by Canfor, for either $0.50 in cash consideration or 0.0425 of a common share of Canfor (the "Proposed Transaction"). Closing is anticipated in Q1 2026 and is subject to all applicable shareholder, court and regulatory approvals.
  • As announced in February 2026, Management's forecasts indicate a breach of financial covenants is highly probable as early as March 31, 2026. Should the Proposed Transaction not close, the Company would re-engage with its lenders for further temporary relief while it works to undertake a restructuring process.

The Company reported an operating loss of $85.6 million for the fourth quarter of 2025, compared to an operating loss of $16.0 million for the third quarter of 2025.

CEO Comments

Commenting on the Company's fourth quarter results, Canfor Pulp's President and CEO, Stephen Mackie, said, "The Company faced another extremely challenging quarter, as ongoing global economic uncertainty weighed heavily on softwood pulp market conditions. As a result, we remain cautious heading into 2026 as we continue to navigate significant external pressures on our business, including the prolonged downturn in softwood pulp markets and the ongoing constraints in securing economically viable fibre."

Fourth Quarter Highlights

Global softwood pulp markets were relatively flat through the fourth quarter of 2025, driven mainly by elevated pulp producer inventory levels. Towards the end of the period, however, buyer sentiment began to improve. Lower global pulp prices prompted a modest uptick in purchasing activity, particularly in China, as producers worked to draw down higher-than-average inventory levels. As a result, US-dollar NBSK list prices to China, the world's largest pulp consumer, gained some positive momentum late in the quarter, finishing December at US$690 per tonne. Despite this late uplift, for the fourth quarter overall, US-dollar NBSK pulp list prices to China averaged US$671 per tonne, down US$19 per tonne, or 3%, from the prior quarter.

Outside China, market conditions remained difficult. Demand and pricing in other global regions weakened through the fourth quarter, with the average US-dollar NBSK pulp list price to North America falling by 8% from the previous quarter.

Global softwood pulp producer inventories remained elevated and at the top end of the balanced range throughout the current quarter, ending December 2025 at 47 days of supply, in line with September 2025. Market conditions are typically considered balanced when inventories fall within the 39-47 days of supply.

Canfor Pulp's average NBSK pulp unit sales realizations in the current quarter experienced a modest decline relative to the previous quarter, principally a result of the decrease in global US-dollar NBSK pulp list prices, partially offset by a 1% weaker Canadian dollar.

Pulp production was 103,000 tonnes for the fourth quarter of 2025, down 4,000 tonnes, or 4%, from the third quarter of 2025. Early in the current quarter, the Company successfully completed its scheduled maintenance outage at Northwood as planned. However, the restart of Northwood was delayed by several days due to operational difficulties unrelated to the scheduled maintenance downtime. Combined, these factors impacted NBSK pulp production by approximately 15,000 tonnes in the current quarter.

Operating income in the Company's paper segment was $5.5 million, compared to $5.0 million in the third quarter of 2025, largely due to the weaker Canadian dollar, combined with slightly lower paper unit manufacturing costs.

Pulp Outlook

Looking ahead, global softwood kraft pulp market conditions are anticipated to remain weak into 2026 as ongoing economic uncertainty, particularly between China and the US, continues to weigh on market demand despite some cautious optimism seen late in 2025.

Canfor Pulp continues to closely monitor developments in Canada-US trade relations. Should tariffs be applied to US pulp and paper shipments, the Company has mitigation strategies in place that are projected to partially offset potential impacts.

No major maintenance outages are planned at the Company's pulp mills for the first quarter of 2026. In the second quarter of 2026, a maintenance outage is scheduled at the Company's Intercontinental NBSK pulp mill ("Intercon") with a projected 20,000 tonnes of reduced NBSK market pulp production. For the rest of 2026, no further scheduled downtime at the Company's pulp mills is anticipated.

As announced on February 17, 2026, Management's forecast indicates that due to global pulp market conditions remaining weak, ongoing macroeconomic headwinds and continued challenges accessing economic fibre in British Columbia, the Company may experience continued declines in financial performance during the first quarter of 2026, making it highly probable that CPPI will not comply with its financial covenants at March 31, 2026.

Although Management is undertaking mitigation initiatives and advancing the Proposed Transaction, the ultimate success of these actions cannot be assured at this time. Management's discussions with its lenders regarding future financial covenant relief are currently on hold, pending the outcome of the Proposed Transaction. Should the Proposed Transaction not close, the Company would re-engage with its lenders for further temporary relief while it works to undertake a restructuring process.

Paper Outlook

Demand for bleached kraft paper, both globally and within North America, is anticipated to remain subdued throughout the first half of 2026. This forecast trend is primarily attributed to ongoing uncertainties in Canada-US trade relations, coupled with broader global economic challenges such as overcapacity and stable demand.

A maintenance outage is currently planned at the Company's paper machine in the second quarter of 2026 with a projected 10,000 tonnes of reduced paper production.

Canfor Pulp is a leading global supplier of pulp and paper products with operations in the northern interior of British Columbia. Canfor Pulp operates two mills in Prince George, British Columbia, with a total capacity of 480,000 tonnes of Premium Reinforcing Northern Bleached Softwood Kraft pulp and 140,000 tonnes of kraft paper.

SOURCE: Canfor Pulp Products Inc.

 
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