About West Fraser
West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. From responsibly
sourced and sustainably managed forest resources, the Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser’s products are
used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials. For more information about West Fraser, visit www.westfraser.com.
About Mondi
Mondi is a global leader in packaging and
paper, contributing to a better world by making innovative solutions that are sustainable by design. Our business is integrated across the value chain – from managing forests and producing pulp, paper and films, to developing and manufacturing
sustainable consumer and industrial packaging solutions using paper where possible, plastic when useful. Sustainability is at the centre of our strategy, with our ambitious commitments to 2030 focused on circular driven solutions, created by
empowered people, taking action on climate.
In 2022, Mondi had revenues of €8.9 billion and underlying EBITDA of €1.8 billion from
continuing operations, and employed 22,000 people worldwide across 100 production sites in more than 30 countries, with key operations located in Europe, North America and Africa. Mondi has a premium listing on the London Stock Exchange (MNDI),
where the Group is a FTSE100 constituent, and also has a secondary listing on the JSE Limited (MNP). For more information, visit www.mondigroup.com.
Forward-Looking Statements
This news release contains
forward-looking information or forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws. These forward-looking statements include, among other things, the completion of the
transaction and expected closing date, the continued supply of fibre, the investment amount and operational date of the Hinton expansion and our anticipated impairment loss. Any such forward-looking statements are based on information currently
available to us and are based on assumptions and analyses made by us considering our experience and our perception of historical trends and current conditions, and are subject to inherent risks and uncertainties including our ability to successfully
complete regulatory reviews and satisfy closing conditions, our ability to supply and Mondi’s ability to consume fibre, the outcome of Mondi’s review of the pre-engineering and permitting and other
matters related to the Hinton expansion and its ability to successfully complete the expansion and operate the expanded mill, and our assessment of the actual impairment loss.
Readers should also refer to the risk factors set forth in the Company’s annual information form and management’s discussion and analysis for the
year ended December 31, 2022, each dated February 14, 2023, available at SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml). There can be no assurance that the plans, intentions, or expectations upon which
forward-looking statements are based will be realized. Actual results may differ, and the difference may be material and adverse to the Company and its shareholders. Except as may be required by law, the Company undertakes no obligation to publicly
update or revise any forward-looking statements.
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