Coated Papers

Coated Papers Market Outlook

The global coated papers market is projected to reach approximately USD 30.45 billion by 2035, growing at a CAGR of around 4.8% from 2025 to 2035. This growth can be attributed to the increasing demand for high-quality printing materials, which is driven by the expanding e-commerce sector and the growing popularity of digital media. Furthermore, the rise in packaging requirements across various industries, including food and beverage, cosmetics, and electronics, has further fueled the coated paper market. The surge in the advertising sector and the need for visually appealing printed materials also contribute to this upward trajectory. Additionally, sustainable and eco-friendly coatings are gaining traction among manufacturers, enhancing the overall market growth.

Growth Factor of the Market

The coated papers market is experiencing significant growth primarily due to the increasing applications of coated papers across various industries. The demand for high-quality print materials is rising, particularly in advertising and packaging, pushing manufacturers to innovate and offer superior products. The expansion of e-commerce has also played a crucial role, where appealing packaging can greatly influence consumer purchase decisions. Furthermore, the trend towards environmentally friendly products is encouraging manufacturers to adopt sustainable practices, leading to the development of biodegradable coated papers. Increasing disposable income levels among consumers, particularly in emerging economies, are further driving demand for premium-grade coated papers in sectors such as retail and personal care. Lastly, advancements in coating technologies are enabling the production of coated papers with enhanced features, making them more desirable for a variety of applications.

Key Highlights of the Market

• Projected growth of the global coated papers market to USD 30.45 billion by 2035.
• Robust CAGR of approximately 4.8% from 2025 to 2035.
• Increasing demand in the packaging and advertising sectors.
• Emergence of eco-friendly and sustainable coating solutions.
• Technological advancements enhancing product features and quality.

By Product Type

Art Paper:

Art paper is a high-quality coated paper utilized primarily for printing images or artwork, which enhances color vibrancy and visual appeal. This paper type is widely preferred in the printing of magazines, brochures, and photo books due to its smooth surface and excellent ink retention capabilities. The growing demand for premium-quality printed materials, especially within the publishing and advertising industries, has led to a steady increase in the demand for art paper. Additionally, the rise of digital printing technologies is fueling this segment's growth, as it allows for shorter print runs and high customization, further enticing companies to invest in art paper for their marketing needs.

Matte Paper:

Matte paper offers a non-glossy finish that provides a sophisticated and elegant appearance, making it a popular choice for professional applications such as annual reports, presentations, and high-end brochures. The matte finish minimizes glare, enhancing readability and ensuring a refined look for printed materials. As more businesses seek to convey professionalism and quality in their printed communications, the demand for matte paper continues to rise. The versatility of matte paper also extends to various printing methods, including offset and digital printing, which broadens its applicability across industries, thus contributing to its growing market share.

Gloss Paper:

Gloss paper is characterized by its shiny surface that enhances color saturation and sharpness, making it an ideal choice for vibrant images and graphics. This product type is widely used in marketing materials, including flyers, posters, and advertisements, where eye-catching visuals are paramount. The increase in marketing and promotional activities across diverse sectors has led to a surge in demand for gloss paper. Furthermore, the proliferation of digital printing technologies that allow for cost-effective short runs of gloss printed materials is significantly boosting the growth of this segment, making it a popular option among businesses looking to make a strong visual impact.

Silk Paper:

Silk paper combines both gloss and matte finishes, providing a unique look that appeals to consumers seeking a premium product. Its smooth texture and vibrant color reproduction make it suitable for upscale marketing materials, luxury packaging, and high-quality publications. The increasing trend of businesses wanting to differentiate their products through quality packaging has augmented the demand for silk paper. Moreover, the rise of industries such as cosmetics and fashion where aesthetic appeal is crucial is further driving this segment's growth. Silk paper's ability to convey high-end value is making it increasingly popular among brands looking to enhance their image and attract consumers.

Cast Coated Paper:

Cast coated paper is produced by applying a coating layer to a substrate and then using a casting process to achieve a high-gloss finish. This type of paper is particularly valued for its high reflective properties and is widely used in applications requiring a premium look, such as packaging, labels, and high-quality photographic prints. The increasing demand for visually striking and luxurious packaging solutions in the food, beverage, and fashion industries is propelling the growth of this segment. Additionally, advancements in coating technologies that enhance the durability and sustainability of cast coated papers are attracting manufacturers, making it an essential component of the coated papers market.

By Application

Printing:

The printing application segment remains one of the largest for coated papers due to the ongoing need for high-quality printed materials across various sectors, including publishing, marketing, and advertising. Coated papers offer superior printability and color reproduction, making them the preferred choice for brochures, catalogs, and magazines. As digital and offset printing technologies advance, the efficiency of producing high-quality printed materials is improved, driving demand for coated papers. Furthermore, the resurgence of printed media amid increasing competition for consumer attention is boosting investments in premium print materials, further solidifying the printing segment's prominence in the coated papers market.

Packaging:

The packaging application is experiencing significant growth as businesses increasingly prioritize aesthetics and functionality in their packaging solutions. Coated papers are widely used in food and beverage packaging, cosmetics, and consumer goods, where attractive packaging can significantly influence consumer purchasing decisions. The shift towards sustainable packaging materials is also shaping developments within this segment, as manufacturers seek eco-friendly coated paper alternatives that meet regulatory standards while appealing to environmentally conscious consumers. This heightened focus on aesthetic packaging and sustainability is propelling the coated papers market forward within the packaging sector.

Labels:

The use of coated papers in labels is becoming increasingly popular due to their ability to provide high-quality prints that attract consumer attention. Coated label papers are used in various industries, including food, pharmaceuticals, and cosmetics, where clear and vibrant labeling is essential for brand recognition and compliance. The growing trend of product personalization and the need for unique labeling solutions are driving innovations in coated label papers, enhancing their market appeal. Additionally, the rise in e-commerce and the need for effective shipping labels are further fueling demand, making the labels application segment a robust contributor to the overall coated papers market.

Advertising:

Advertising is a critical application segment for coated papers, as businesses strive to create visually compelling marketing materials that engage consumers. The need for high-quality printed advertisements, brochures, and flyers necessitates the use of coated papers, which enhance color vibrancy and provide a professional finish. With the continuous evolution of marketing strategies and the increasing reliance on print media as part of integrated marketing campaigns, the demand for coated papers in advertising is expected to grow. Furthermore, the emergence of innovative advertising formats and techniques, such as point-of-sale displays and promotional materials, is creating new avenues for the coated papers market.

Others:

This category encompasses various niche applications where coated papers are utilized, including stationery, notebooks, and art prints. The versatility of coated papers allows them to cater to diverse requirements, contributing to their usage in various segments outside the traditional applications. The growing interest in DIY crafts and artistic endeavors has also spurred demand for high-quality coated papers in art and craft supplies. Additionally, as more consumers seek personalized and bespoke stationery products, the coated papers market continues to adapt to meet these evolving preferences, thus bolstering this segment's growth.

By Distribution Channel

Online Stores:

The rise of e-commerce has transformed the distribution landscape for coated papers, with online stores becoming increasingly popular for purchasing these products. Consumers and businesses alike appreciate the convenience and accessibility that online platforms provide, allowing them to compare prices, read reviews, and select from a wide variety of coated papers from the comfort of their homes or offices. Many suppliers and manufacturers have expanded their online presence, offering direct shipping options that cater to customer needs. This shift towards online purchasing is expected to grow, influenced by factors such as the ongoing digitalization of marketplaces and the increasing importance of delivering products quickly and efficiently.

Offline Stores:

Traditional offline stores, including office supply retailers, specialty paper shops, and craft stores, continue to play a vital role in the distribution of coated papers. Many customers prefer the tactile experience of examining paper products before making a purchase, and offline stores provide opportunities for consumers to feel the texture, weight, and quality of various coated papers. Additionally, offline retailers often deliver personalized customer service, helping clients select the right products for their specific needs. Despite the growth of online shopping, offline stores remain an essential channel for coated paper distribution, particularly for industries that rely heavily on physical product interaction.

Direct Sales:

Direct sales channels, where manufacturers sell their products directly to consumers or businesses, represent a significant portion of the coated paper market. This model allows companies to build strong relationships with customers by providing tailored solutions, personalized services, and competitive pricing. Direct sales are particularly advantageous for businesses with specific needs or bulk orders, as they can negotiate terms that meet their requirements. Furthermore, as sustainability becomes a focus within the coated papers market, many manufacturers are adopting direct sales strategies to convey their commitment to eco-friendly practices and to ensure transparency throughout the supply chain.

Wholesalers:

Wholesalers serve as critical intermediaries in the coated paper distribution network, providing bulk purchasing options for retailers and businesses. They often have extensive networks that allow them to source a wide range of coated paper products from various manufacturers, providing their customers with numerous choices. Wholesalers help facilitate competitive pricing by allowing resellers to purchase in bulk, which can be particularly beneficial for small businesses looking to manage their operating costs. As demand for coated papers continues to grow across multiple sectors, wholesalers will remain essential in ensuring that products reach the market effectively and efficiently.

Others:

This category includes various other distribution channels, such as specialty retailers, craft fairs, and trade shows, where coated papers are sold. These channels can cater to niche markets and specific consumer interests, allowing for a diverse selection of coated paper products that may not be widely available through traditional retailers. Specialty retailers often focus on particular types of coated papers, such as those used for art or premium printing, while craft fairs and trade shows provide direct access to consumers who are passionate about creative projects. These alternative channels contribute to the overall growth of the coated papers market by reaching audiences that value unique and specialized products.

By Coating Type

Clay Coated:

Clay-coated papers are produced by applying a layer of clay to the base paper, resulting in a smooth and glossy finish that enhances print quality. This type of coating is widely used in applications requiring high-resolution images and vibrant colors, such as magazines, catalogs, and marketing materials. The demand for clay-coated papers is driven by the ongoing need for high-quality printed materials across various industries, as businesses recognize the importance of visual appeal in engaging consumers. Additionally, clay-coated papers often provide excellent ink absorption and color reproduction, making them a popular choice among printers and marketers alike.

Gloss Coated:

Gloss-coated papers feature a shiny finish that accentuates color vibrancy and sharpness, making them highly sought after in the advertising and promotional sectors. The gloss finish not only enhances the visual appeal of printed materials but also adds a layer of protection against wear and tear, contributing to the durability of the final product. The growth in digital printing technologies has further fueled demand for gloss-coated papers, as they are compatible with various printing methods. As businesses continue to invest in visually impactful marketing strategies, the gloss coating segment is likely to grow in prominence within the coated papers market.

Matte Coated:

Matte-coated papers provide a non-reflective surface that conveys a sophisticated and elegant appearance, making them a popular choice for high-end publications, business reports, and stationery. The matte finish minimizes glare, ensuring that printed texts and images are easily readable. The increasing demand for premium-quality printed materials that exude professionalism drives the growth of the matte-coated segment. Additionally, manufacturers are innovating to produce matte coatings with enhanced durability and ink adhesion, further expanding their applicability across various printing methods and industries.

Machine Coat:

Machine-coated papers are produced using a coating machine that applies a layer of coating during the paper manufacturing process. This type of coating offers a balance between quality and cost-effectiveness, making it an attractive option for various applications. The machine coating process allows for greater control over the coating thickness and uniformity, resulting in consistent quality across large volumes. The versatility of machine-coated papers makes them suitable for a wide array of uses, including packaging, printing, and labels, driving demand across multiple sectors and reinforcing their significance within the coated papers market.

Specialty Coated:

Specialty-coated papers include a wide range of customized coatings designed to meet specific requirements in various applications. These coatings can enhance attributes such as water resistance, scratch resistance, or heat resistance, enabling coated papers to cater to niche markets. The growing trend of personalized products is fueling demand for specialty-coated papers, as businesses seek unique solutions that align with their branding and functional needs. The ability to produce tailored solutions for various industries, including food packaging, cosmetics, and technical applications, is propelling the growth of this segment within the broader coated papers market.

By Region

The North American region is anticipated to hold a significant share of the coated papers market, driven by the increasing demand for high-quality print materials and the growing packaging industry. The presence of numerous established players and a robust manufacturing base in the U.S. further bolster the region's market prospects. The demand for coated papers in North America is projected to grow at a CAGR of approximately 5% from 2025 to 2035, primarily due to the rising e-commerce sector and the growing trend of sustainable packaging solutions. As companies continue to invest in innovative marketing strategies, the coated papers market in North America is expected to thrive.

Europe is also witnessing considerable growth in the coated papers market, fueled by the demand for premium print materials and advancements in printing technologies. Countries like Germany, the UK, and France are leading the way, with their strong printing and publishing industries. As businesses across Europe increasingly prioritize sustainability, there is a noticeable shift towards eco-friendly coated paper options that comply with environmental regulations. This focus on sustainability, coupled with the growing demand for attractive packaging solutions, is expected to drive the coated papers market's expansion in the region. The European market is projected to maintain a steady growth trajectory throughout the forecast period.

Opportunities

The coated papers market presents numerous opportunities for growth, particularly in emerging economies where urbanization and rising disposable incomes are fueling demand for high-quality printed materials. As more businesses enter these markets, they seek competitive advantages through premium packaging and marketing materials, which can drive demand for coated papers. Additionally, the increasing focus on sustainability opens doors for manufacturers to develop eco-friendly coated paper products that meet consumer preferences for sustainable practices. Innovations in coating technologies can also create opportunities for the development of specialty papers with unique properties, catering to niche markets that require tailored solutions. As global trends shift towards customization and personalization, the coated papers market can leverage these opportunities to expand its offerings and reach new consumer segments.

Furthermore, collaboration between manufacturers and printing companies can lead to advancements in technology and production processes that enhance the quality and efficiency of coated paper products. By investing in research and development, manufacturers can explore new formulations and coatings that yield superior performance characteristics, providing a competitive edge in the marketplace. The growth of the digital printing sector also presents an opportunity for coated paper manufacturers to innovate and adapt their products to meet the demands of this evolving market. As businesses increasingly adopt digital printing solutions, the need for compatible coated papers will rise, thus creating a lucrative avenue for growth within the industry.

Threats

While the coated papers market presents significant growth opportunities, it also faces several threats that could impact its trajectory. One major concern is the increasing digitization of communication and advertising, which could reduce the demand for printed materials overall. As more companies shift towards digital marketing strategies, there is a potential decline in the need for coated papers used in traditional print advertising and publications. Additionally, the competition from alternative substrates, such as plastic and digital formats, poses a challenge to the coated papers market, as businesses may opt for these materials when seeking cost-effective or innovative printing solutions. Moreover, fluctuations in raw material prices, particularly for pulp and chemicals used in the coating process, can threaten the profitability of coated paper manufacturers, leading to unpredictable market dynamics.

Another threat to the coated papers market is the growing emphasis on sustainability and environmental regulations. As consumers become increasingly conscientious about the ecological impact of their purchases, companies are under pressure to adopt more sustainable practices. This shift could lead to stricter regulations on traditional coated papers, especially those that do not meet eco-friendly standards. The transition to sustainable alternatives may require significant investment in research and development, posing a financial burden on manufacturers already facing competitive pressures. Additionally, the need for compliance with evolving regulations can create uncertainty in the market, making it imperative for companies to stay ahead of trends while navigating potential pitfalls.

Competitor Outlook

• International Paper Company
• WestRock Company
• Stora Enso Oyj
• Domtar Corporation
• UPM-Kymmene Corporation
• Sappi Limited
• Verso Corporation
• Oji Holdings Corporation
• Munksjö AB
• Glatfelter Company
• Neenah Inc.
• Smurfit Kappa Group
• Papeteries de Genval
• Fujifilm Holdings Corporation
• Canfor Pulp Products Inc.

The competitive landscape of the coated papers market is characterized by the presence of several prominent players competing for market share through innovative products and strategic partnerships. Many of these companies have established themselves as leaders in the industry by focusing on sustainable practices, improving product quality, and expanding their geographic reach. Continuous investment in research and development is a common strategy among top players, enabling them to innovate and introduce new coated paper products that cater to evolving consumer preferences. Furthermore, collaborations between manufacturers and printing companies have become increasingly important, as they seek to capitalize on advances in technology and meet the growing demand for high-quality coated papers.

Major companies in the coated papers market, such as International Paper Company and WestRock Company, have diversified their product offerings to include a range of coated paper solutions tailored for various applications. Their extensive distribution networks and strong relationships with customers allow them to maintain a competitive edge in the market. Stora Enso Oyj, for example, has been investing in sustainable practices and technology to enhance the performance of their coated papers while reducing environmental impact. Their commitment to innovation and sustainability resonates with consumers and businesses alike, driving demand for their products.

Additionally, companies like Sappi Limited and UPM-Kymmene Corporation are focusing on the development of specialty coated papers designed to meet specific market needs. By offering customized solutions, these companies can cater to niche segments within the coated papers market, providing them with a unique selling proposition. As the market continues to evolve, the competitive landscape will likely shift, with companies striving to adapt to changing consumer preferences and market dynamics while securing their position within the industry.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Neenah Inc.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Sappi Limited
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Stora Enso Oyj
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 WestRock Company
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Munksjö AB
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Verso Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Domtar Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Glatfelter Company
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Smurfit Kappa Group
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Papeteries de Genval
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 UPM-Kymmene Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Oji Holdings Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Canfor Pulp Products Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 International Paper Company
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Fujifilm Holdings Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Coated Papers Market, By Application
    • 6.1.1 Printing
    • 6.1.2 Packaging
    • 6.1.3 Labels
    • 6.1.4 Advertising
    • 6.1.5 Others
  • 6.2 Coated Papers Market, By Coating Type
    • 6.2.1 Clay Coated
    • 6.2.2 Gloss Coated
    • 6.2.3 Matte Coated
    • 6.2.4 Machine Coat
    • 6.2.5 Specialty Coated
  • 6.3 Coated Papers Market, By Product Type
    • 6.3.1 Art Paper
    • 6.3.2 Matte Paper
    • 6.3.3 Gloss Paper
    • 6.3.4 Silk Paper
    • 6.3.5 Cast Coated Paper
  • 6.4 Coated Papers Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 Offline Stores
    • 6.4.3 Direct Sales
    • 6.4.4 Wholesalers
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Coated Papers Market by Region
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Coated Papers market is categorized based on

By Product Type

• Art Paper
• Matte Paper
• Gloss Paper
• Silk Paper
• Cast Coated Paper

By Application

• Printing
• Packaging
• Labels
• Advertising
• Others

By Distribution Channel

• Online Stores
• Offline Stores
• Direct Sales
• Wholesalers
• Others

By Coating Type

• Clay Coated
• Gloss Coated
• Matte Coated
• Machine Coat
• Specialty Coated

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• International Paper Company
• WestRock Company
• Stora Enso Oyj
• Domtar Corporation
• UPM-Kymmene Corporation
• Sappi Limited
• Verso Corporation
• Oji Holdings Corporation
• Munksjö AB
• Glatfelter Company
• Neenah Inc.
• Smurfit Kappa Group
• Papeteries de Genval
• Fujifilm Holdings Corporation
• Canfor Pulp Products Inc.