Pulp & Paper: Softwood Closures Not Enough; Hardwood Traction Slows

Research evidence excerpt

Pulp & Paper: Softwood Closures Not Enough; Hardwood Traction Slows

Goldman Sachs Pulp & Paper

Exhibit 1: Softwood capacity closures (in kt)

Country Company Mill Grade Capacity Lost (ktpa)Closure Announcement

United States Packaging Corporation Wallula NBSK 130 2016

United States Domtar Corporation Plymouth Fluff 100 2018

United States Georgia-Pacific Camas NBSK 110 2018

Sweden Stora Enso Oyj Skutskar NBSK 160 2018

United States Georgia-Pacific Foley Fluff 100 2020

Canada Paper Excellence Mackenzie NBSK 235 2020

Finland Stora Enso Oyj Enocell NBSK 240 2020

Canada Paper Excellence Northern Pulp NBSK 280 2020

United States New-Indy JV Corp. Catawba SBSK 260 2020

United States Global Cellulose Fibers Riegelwood SBSK 225 2020

France Fibre Excellence Tarascon SBSK 190 2021

Canada West Fraser Hinton NBSK 380 2022

United States West Rock Panama City Fluff/SBSK 215 2023

Finland Stora Enso Sunila NBSK 225 2023

Canada Paper Excellence Espanola NBSK 220 2023

Canada Canfor Prince George NBSK/UKP 280 2023

United States International Paper Pensacola Fluff/SBSK 355 2023

United States International Paper Riegelwood Fluff/SBSK 145 2023

United States Georgia Pacific Foley Fluff/SBSK/SW DP 450 2023

Canada RYAM Temiscaming SW DP 150 2024

Canada Canfor Northwood NBSK 300 2024

United States International Paper Georgetown Fluff/SBSK 320 2024

New Zealand Winstone Pulp Karioi SW BCTMP 215 2024

Canada Domtar Crofton NBSK 380 2025

United States Domtar Coosa Pines Fluff/SBSK 265 2026

Sweden Stora Enso Skutskar NBSK/NBHK 140 2026

France Fibre Excellence Saint-Gaudens* SBSK/SBHK 280 2026

Canada Canfor Northwood NBSK 300 2026

Total 6,650

*indicates idle

Source: TTOBMA

China FOEX hardwood imported pulp prices were flat at $582/t, while domestic