Nippon Paper will permanently end graphic paper and pulp production at its quake-damaged Yatsushiro mill in Kumamoto — three paper machines totalling ~211,000 t/yr plus the pulp line will not restart, as repairs would take three to four years; output shifts to other Japanese mills, the company says it will keep the site and maintain jobs there, and it now forecasts a ¥40B net loss for the year to March 2027 on ~¥20B of earthquake-related costs (Lesprom, nippon.com)
Oji Holdings cut its operating profit forecast for the year to March 2027 by 25% to ¥45B from ¥60B, citing a stalled pulp recovery; first-half operating profit was ¥15.5B (Lesprom)
Suzano posted record Q3 net revenue of BRL 16.5B (+36% y/y) on the first consolidation of its 51%-owned Arbex JV with Kimberly-Clark; adjusted EBITDA rose 9% to BRL 5.7B, net income was BRL 2.1B, pulp sales reached 3.2 Mt and net leverage stood at 3.7x in USD (Papnews)
DS Smith's capital markets day set a ~€480M annual savings target (~14% of the cost base, mostly run-rate by end-2027 with ~€200M in 2026) for the combined DS Smith/International Paper EMEA packaging business — 14 paper mills, ~180 packaging sites and ~3,100 positions already removed; FY2026 adjusted EBITDA is guided at €730–780M with capex of €550–570M, and the listing is targeted for early-to-mid December with IP retaining 19.9% (Papnews)
Cascades' Q3 sales rose 2% to C$1,267M with adjusted EBITDA of C$162M (12.8% margin; packaging C$126M, tissue C$47M) and net earnings of C$30M; net debt is C$1,863M (3.2x), Q4 is guided slightly below Q3, and CFO Allan Hogg will retire in the second half of 2027 after 16 years in the role (Papnews, Papnews)
Saica inaugurated a new corrugated packaging plant at Sant Esteve Sesrovires near Barcelona, replacing its closed and sold El Prat and Barcelona plants with a significant capacity increase (EUWID)
Forestry & Timber
Italy's Florian Group is preparing to restart the former Cedar complex in Vrbovsko, Croatia — completing the unfinished sawmill and adding a pellet plant alongside the site's existing cogeneration plant (GWMI)
Bankruptcies among Japanese wooden-house builders reached 181 in January–October (vs 101 a year earlier), including three with debts above ¥1B (Taiko House ¥3.4B, House M21 ¥1.1B); housing starts fell to 711,171 in the year to March, the fewest since 2000, and Tokyo Shoko Research says failures could top 200 this year for the first time in 14 years (Wood Central)
Update: New Zealand's preliminary count now gives the National-led bloc 67 of 131 seats, one more than needed, with National and Labour tied at 29.3% of the party vote and ~399,000 special votes still to count; the Opportunity Party (7 seats) wants new exotic forests kept out of the ETS and ACT wants the $71 carbon auction floor removed, while new commercial planting is already down more than two-thirds from 60,000 ha/yr (Wood Central)
