Sylvamo Corp

Sylvamo Corporation is a global uncoated papers company. The company produces uncoated freesheet (UFS) for paper products like cutsize and offset paper, as well as market pulp. Sylvamo operates with a portfolio of brands and large-scale paper mills across three business segments: Europe, Latin America, and North America. Its mills in North America and Latin America are predominantly in the lowest quartile on global and regional UFS cost curves. The company serves customers through retail, merchant, and e-commerce channels globally. From 2023 to 2025, on average, Sylvamo generated 48% of its revenues and 28% of its Business Segment Operating Profit in Europe and Latin America. Both Latin America and North America exhibit strong profitability for the uncoated paper industry relative to other geographies. The markets Sylvamo operates in are highly competitive. In North America, the four largest manufacturers of UFS, including Sylvamo, account for approximately 80% of the total annual production capacity.