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Showing 35 articles from
May 20, 2019.
Departments
Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, more than 130 papermaking innovators and legends have been enshrined. This month, we profile James F. Kress, who was inducted into the Hall of Fame in 2005 and passed away earlier this month at the age of 90.
The PM40 closed Friday, 17 May 2019, at 3379, down 120 points, or 3.4%, from the 10 May 2019 close.
Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.
The PM40 closed 17 May 2019 down 16.7% from the 18 May 2018 level.
In this issue of Disconnected Comparisons, we evaluate PotlatchDeltic and IT Tech Packaging.
Reported insider trading since the last issue of PaperMoney.
Reported insider trading since the last issue of PaperMoney.
Supplier News
The facility is scheduled to begin operation in the second quarter of 2020.
Andritz has received an order from Hitachi Zosen Corporation, Japan, to deliver a PowerFluid circulating fluidized bed boiler with a flue gas cleaning system.
The comprehensive solution will improve machine efficiency and the overall end-product quality.
Valmet will supply a Valmet DNA automation system and a Valmet IQ quality management solution to Suzhou Taison Paper Co., Ltd. in China.
Valmet will supply key board making technologies to Kraft of Asia Paperboard & Packaging for its new containerboard making line, which will be located in Phu My, Vietnam.
Culture & Marketing
For Kimberly-Clark, this marks the 11th year that the company has been included in the list.
Market News of Note
U.S. plywood imports from China fell 55.1% y-o-y in first quarter to 161.7 thousand m3 with import value declined 55.1% to $129.3 million, according to USDA data.
Sappi North America, Inc. announced Tuesday the commercial launch of three new textures to its Ultracast release paper line.
Tolko says it will permanently close its Quesnel sawmill and will reduce shifts at its Kelowna mill.
Global trade of wood pellets jumped more than 21% year-over-year in 2018 when a new record of 22.3 million tons was shipped, according to the North American Wood Fiber Review.
Joint Venture
Cenveo announced the launch of a new division, Cenveo Digital Direct, through a joint venture with Katana Studio LTD, a global leader in computer generated imagery (CGI) production.
Legal
WorkSafeBC has fined a forest company $29,049 for the deaths of three workers in a "high-risk" railway accident on northern Vancouver Island.
A federal judge has given the OK for most downtown West Point residents to sue the West Point paper mill as a group rather than individually over dust they say negatively affects their lives.
WorkSafeBC has fined a forest company $29,049 for the deaths of three workers in a "high-risk" railway accident on northern Vancouver Island.
Major Expenditures
Smurfit Kappa continues to extend its paper portfolio production capabilities by investing in its flagship paper mill in the Netherlands.
Mergers & Acquisitions
Central National Gottesman Inc. (CNG), which owns a range of sales and distribution businesses in the global pulp, paper, tissue, packaging, wood products and metals industries, announced that its Spicers Paper division has acquired Premiere Packaging Industries, Inc., expanding into one of the industry's fastest-growing segments.
Imperial Dade announced the acquisition of Mid Continent Paper & Distributing Co., Inc. ("Mid Continent Paper" or "Mid Continent").
Major Announcements
This $575-million investment will create 180 jobs.
The Verso Corporation paper mill in Luke, Md., has released some specifics in connection with its previously announced closing.
Restructurings
Flambeau River Papers (FRP) in Park Falls will lay off more workers as it shuts down another paper machine.
The group Sequana, owner of the paper maker Arjowiggins of which one of the Sarthe facilities was liquidated and the other partially yielded, announced to have been placed in judicial liquidation by the commercial court of Nanterre.
Final Word
By: Helen Roush, Executive Vice President of Paperitalo Publications
What is the fate of virgin fiber containerboard mills in the United States?
Environmental
Cenveo announced the launch of a new division, Cenveo Digital Direct, through a joint venture with Katana Studio LTD, a global leader in computer generated imagery (CGI) production.
Cenveo announced the launch of a new division, Cenveo Digital Direct, through a joint venture with Katana Studio LTD, a global leader in computer generated imagery (CGI) production.
It is produced without a traditional plastic coating layer and designed for full fibre recovery in a recycling process.
Cenveo announced the launch of a new division, Cenveo Digital Direct, through a joint venture with Katana Studio LTD, a global leader in computer generated imagery (CGI) production.
Operations News
They are roughly the same size, with combined revenue of nearly $3.2 billion in the 12 months that ended on March 31.
PaperWorks announces the opening of the new Packaging Development (PacDev) Design + Innovation Centre.
West Fraser has announced temporary production curtailments for a duration of approximately two weeks at two British Columbia sawmills: Chasm and 100 Mile House.
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