Board Converting News, November 14, 2022

Cascades To Shut Down Corrugator At Facility In Belleville, Ontario Kingsey Falls, Quebec, Canada based Cascades Inc. has announced the permanent shutdown of the corrugator at its Belleville facility, as part of the continuing optimization initiatives of the corporation’s Containerboard Packaging platform in Ontario. Effective no later than December 2nd, the shutdown will provide the facility with a more sustain- able business model by focusing its operations on con- verting activities as a high volume, efficient and graphic sheet plant. “With additional capacity generated by the strategic optimization of our network in Ontario in recent years, we have the ability to redeploy this production to other units in the region,” said Charles Malo, President and Chief Operating Officer of Cascades Containerboard Packag- ing. “By doing so, we will significantly reduce costs and re-focus Belleville’s priorities to converting. This decision will position our platform for long-term success and further strengthen our service offering for our valued customers” The shutdown will impact 31 of the 106 employees. Cascades will work with these individuals to minimize the impact of this announcement, including by offering them the option to transfer to other Cascades’ units. Employees who cannot, or do not wish to relocate to other plants, will receive support in their search for other employment.

AVERAGE CONTAINERBOARD PRICES The average prices reported are tabulated from prices PAID by various sources throughout the United States the week previous to issue. Prices in some areas of the country may be higher or lower than the tabulated average. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser.

REGION E. Coast Midwest Southeast Southwest

42# Kraft liner

26# Semi-Chem. Medium

$1005.00-1010.00 $1020.00-1030.00 $1020.00-1030.00 $1020.00-1030.00 $1050.00-1060.00 $1023.00-1032.00

Short Ton Del. Short Ton Del. Short Ton Del. Short Ton Del. Short Ton Del. Short Ton Del.

$940.00-990.00 $955.00-975.00 $955.00-975.00 $955.00-975.00 $975.00-995.00 $958.00-978.00

West Coast U.S. Average

SHEET PRICES BY REGION (AVERAGE) Per 1MSF, local delivery included, 50MSF single item order, truckload delivery. Sheets

E. Coast Midwest South-SW S. CA N.CA/WA-OR US Aver.

200# 275#

$62.26

$72.05

$62.69 $82.80

$85.35 119.54

$73.13 101.29

97.32

99.89

90.86

113.65

OYSTER UP-CHARGE 8.34

8.34

8.34

8.34

8.34

8.34

275# DBL-WALL 350# DBL-WALL

107.46 118.45

114.69 129.32

116.54 137.25 117.82 145.56

141.08 148.46

122.76 131.80

CANADIAN SHEET PRICES (AVERAGE) In Canadian Dollars, per 1MSF, local delivery included, under 50MSF single item order, truckload delivery. 200# 275# Oyster UC 275#DW 350#DW $78.56 $99.18 $9.00 $96.32 $105.83 CANADIAN LINERBOARD & MEDIUM The average prices reported are tabulated from prices PAID by various sources throughout Canada. Prices may be higher or lower in various areas of the country. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser. Prices are Canadian $ and per metric ton.

42# Kraft Liner 26#

Semi-Chem Medium

East West

$970.00

$960.00 $995.00

$1,015.00

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No dry chemical fire protection required No explosion vents required

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November 14, 2022

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