Boards of Directors have made many serious decisions this year. We're going to assume they were well informed, personally competent, and take their fiduciary duties seriously. We know at times boards can lose their way, collectively be incompetent and so forth. In these cases, we often see bankruptcies. Yet, for now and this year, we'll assume they are acting rationally, using all the best data available.

The PM40 closed Friday, 29 August 2025, at 5513.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

In this issue of Disconnected Comparisons, we evaluate Ennis, Inc and Amcor.

The PM40 closed 29 August 2025 down 5.1% from the 30 August 2024 level.

The Trump Administration's executive orders cut across dozens of industries. This searchable tool breaks down the orders and their impact.

In this special episode, we talk with Stein Larsen, CEO NOREXECO ASA.

Suzano on Thursday said it will raise pulp prices by $20 per metric ton in Asia, and by $80 per ton in Europe and the United States.

In May 2025, Sappi North America and Valmet celebrated the successful start-up of the rebuilt paper machine 2 (PM 2) at the Somerset paper manufacturing facility in Skowhegan, Maine, USA.

Photovoltaic expansion at Lenzing site enhances energy independence.

What is your decision point in driving vs. flying for business trips?

Novolex is shutting down a former Pactiv Evergreen plant in Bakersfield, California, according to a WARN notice posted by the state. The company is permanently closing the manufacturing facility come Oct. 14, impacting 127 employees.

Kimberly-Clark is slated to cut 25% of its production capacity at its Cold Spring facility in Fox Crossing, reducing 16 lines to 12 effective January 2026, according to local union leaders.

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Incidents in 2025: We are updating this list as these happen in the pulp, paper and forest products industry

We are updating this list as these happen in the pulp, paper and forest products industry

We are updating this list as these happen in the pulp, paper and forest products industry

Check out the monthly newsletters here or subscribe and have them emailed to you hot off the press!

Pulp and Paper Manufacturers report to the US Securities and Exchange Commission

What they want us to know...

Avery Dennison Corporation, a leading global materials science and digital identification solutions company, announced it has signed a definitive agreement to acquire the U.S.-based flooring adhesives business of Meridian Adhesives Group, a global adhesives manufacturer, for the purchase price of $390 million. The acquisition is subject to certain customary closing and post-closing adjustments.

The American Forest & Paper Association (AF&PA) is calling on the Office of the United States Trade Representative (USTR) to exempt Brazilian bleached eucalyptus kraft pulp (HTS code: 4703.29) from potential Section 301 tariffs, arguing that the material is indispensable to the U.S. tissue industry and cannot be sourced domestically at commercial scale. The group submitted its formal comments as part of USTR's ongoing investigation into Brazil's trade practices.

Earlier this year, Gov. Tony Evers and the Wisconsin State Legislature committed $42 million in state funding to the project. Another $7 million in federal congressionally directed funding is also being pursued.

Longview Fire said the blaze was contained to the one building. No injuries were reported.

Kraton Corporation, a leading global producer of specialty polymers and high-value biobased products derived from pine chemicals, announced the execution of agreements with International Paper to maintain uninterrupted site services at Kraton's Savannah, Georgia facility.

Smurfit Westrock made a generous gift to the College of Natural Resources at NC State University to jump-start a modernization plan.