Announcements

Cosmo Specialty Fibers Announces Operations Restart, Following Temporary Shutdown Due to COVID-19 Market Impacts

COSMOPOLIS, WA - On December 15, 2020, Cosmo Specialty Fibers (Cosmo) began the employment recall processes, progressing toward full operations in early February 2021. After temporarily suspending operations in May 2020 due to slowing global economies, Cosmo has continued to satisfy strategic customer demand through planned inventory and is now experiencing market conditions which warrant restarting.

COSMO SPECIALTY FIBERS ANNOUNCES APPOINTMENT OF NICHOLAS B. DOTTINO AS CHIEF EXECUTIVE OFFICER

COSMOPOLIS, WA (December 5, 2018) - Cosmo Specialty Fibers (“Cosmo”), a leading dissolving wood pulp (DWP) mill with a capacity of more than 160,000 tons annually and the capability to produce a wide range of High Purity Cellulose (“HPC”) softwood-based products, today announced the retirement of Chief Executive Officer Mike Entz and the appointment of Nicholas B. Dottino as Chief Executive Officer. Mr. Entz will continue to serve on the company’s Board of Directors.

Cosmo and Truth Announce Strategic Supply Agreement for Lignosulfonate Bio-products

March 23, 2017 - Strategic partnership captures long-term lignosulfonate market view

Cosmo Specialty Fibers, Inc. (Cosmo) and Truth Chemical LLC (Truth) are excited to announce today a strategic agreement which will mutually ensure lignosulfonate supply collaboration between the two organizations.

The agreement includes lignosulfonate products, as well as the potential to improve into intermediate and secondary chemicals in the future.

Chinese Dissolving Wood Pulp Tariff Impact Statement

On April 4, 2014, a Final Determination was announced by China's Ministry of Commerce ("MOFCOM") concerning its anti-dumping investigation of imported cellulose pulp originating from Canada, the United States and Brazil. The final duty imposed by MOFCOM on dissolving pulp imports within the scope of investigation for Cosmo Specialty Fibers was set at 16.9%. While Cosmo is disappointed with the rationale and results of the Final Determination, it was not unexpected.

RFP for Market Analysis of Residual Sugars and Acetic Condensate

Cosmo Specialty Fibers (CSF) is currently accepting proposals to carry out a comprehensive market analysis to determine the commercial viability of two residual mill products - Acetic Condensate and Cellulosic-Derived Sugars.   Given transportation economics, the market analysis is restricted to a specific geographical area including the Lower Mainland of British Columbia, Washington, Idaho and Oregon.

Hiring Begins

Job applications are now being accepted at Cosmo Specialty Fibers, Inc., an affiliate of The Gores Group, CEO Michael Entz announced today. “Mill restoration has proceeded to the point where we are ready to fulfill the promise of approximately 150 new jobs with this process. We are accepting applications through our web site www.cosmospecialtyfibers.com where we are posting the whole range of positions available at the mill.”

Cosmo Specialty Fibers Names New CFO

The announcement was made by company CEO, Michael Entz.

“Tyler has been at Cosmopolis on the job in a consulting role since the Company started,” said Entz. “He has been building our financial structures and processes here at the mill and working closely with suppliers and consultants refurbishing the mill. It made sense, and it’s a great relief, that he accepted the job to stay and build the financial side of the company.”