Essity have released a statement saying that talks between Essity and the Pulp and Paper Workers' Union are progressing well.

"Discussions between Essity and the Pulp and Paper Workers' Union have adjourned until next week," says an Essity spokesperson.

Essity's General Manager at Kawerau Peter Hockley says the facilitated bargaining over the past two days has seen positive progress made and discussions will continue on Monday and Tuesday.

'Essity is committed to a fair and reasonable settlement that will support the future of the site," says Peter.

"The Kawerau Mill will remain shut while talks continue. Essity will be making no further comments at this stage."

The media statement also includes a statement about the company and its global reach:

"Essity is a leading global hygiene and health company. We are dedicated to improving well-being through our products and services. Sales are conducted in approximately 150 countries under the leading global brands TENA and Tork, and other strong brands, such as Libra, Handee, Sorbent and Purex in New Zealand. The company's headquarters is in Stockholm, Sweden, and Essity is listed on Nasdaq Stockholm. Essity breaks barriers to well-being and contributes to a healthy, sustainable and circular society."