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The PM40 closed Friday, 15 November 2019, at 3250.

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 15 November 2019 down 10.1% from the 16 November 2018 level.

In this issue of Disconnected Comparisons, we evaluate International Paper and Sonoco.

Reported insider trading since the last issue of PaperMoney.

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 140 papermaking innovators and legends have been enshrined. This month, we profile Honghi Tran, who was inducted into the Hall of Fame in 2017.

Valmet introduces a new web-based user interface for its Valmet DNA automation system.

Southeastern Grocers Inc. (SEG), parent company and home of BI-LO, Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, in partnership with Kruger Products is proud to announce the donation of more than $70,000 in soft tissue that will help clean up the need for tissue products in food banks across the Southeast.

Södra is adding another shift at its facility for cross-laminated timber in Värö and doubling capacity.

The stoppages are expected to reduce production by 30,000 cubic metres.

On Friday morning, Nov. 8, managers somberly gathered at the Tolko office in Kelowna to call 140 workers one by one to tell them the lumber mill will close forever Jan. 8.

Atos, a global leader in digital transformation, and Stora Enso have entered a global partnership to bring new automated retail solutions and services to the market.

Quad did not immediately respond to a request for comment on the case.

Enviva broke ground on new marine export terminal in the Port of Pascagoula's Bayou Casotte Harbor, Mississippi. The ceremony marks the beginning of construction of the $90 million terminal.

The new facility currently adds more than 80 workers to the existing workforce, employing a total of 179 full-time employees.

Irving Tissue's newest $470 million tissue plant is officially open in Macon, Georgia and based on a new, additional $400 million investment, will soon double its capacity.

The consideration for the transaction, following certain customary adjustments, was approximately $38.6 million.

It's unclear how many jobs will be restored when Niagara Worldwide takes over.

Sappi Limited announced that all conditions precedent relating to the acquisition of the Matane high yield hardwood pulp mill in Quebec Canada from Rayonier Advanced Materials (RYAM) have been fulfilled and closing has been completed.

SIG has reached agreement to acquire Visy Cartons Pty Ltd from VisyPak Operations Pty Ltd, a subsidiary of Pratt Consolidated Holdings Pty Ltd, for AU$70m (US$48.2m), subject to customary conditions being met.

Pixelle Specialty Solutions has signed a definitive purchase agreement to acquire specialty paper mills in Jay ("Androscoggin"), ME and Stevens Point, WI from Verso Corporation.

Weyerhaeuser Company announced the completion of the sale of its Michigan timberlands to Lyme Great Lakes Holding LLC, an affiliate of The Lyme Timber Company LP, for approximately $300 million in cash.

The company said it will add 350,000 tons per year of OCC pulping capacity at its Wallula, Wash. mill, which currently produces predominantly virgin linerboard and medium, materials used in containerboard production.

Resolute Forest Products said Thursday it is "indefinitely idling" its Augusta newsprint mill effective immediately, leaving 160 employees without work.

The building is expected to be completed in 2023.

Verso Corporation announced that Michael A. Weinhold has been named President of the company, reporting to Chief Executive Officer Adam St. John, effective immediately.

The Board of Directors of BillerudKorsnäs AB has appointed the current Chairman of the Board, Lennart Holm, as acting CEO from November 5, 2019. Petra Einarsson leaves as CEO with immediate effect.

Learning Lessons

Bulgaria has become the latest member to achieve PEFC endorsement of its national forest certification system. The PEFC General Assembly voted for the endorsement of the Bulgarian system in a postal ballot.

Kruger announced that its Kruger Products' Gatineau Plant was recently certified ISO 50001 for Energy Management.

Quad/Graphics, Inc. announced that it is a founding member of Forests in Focus, a sustainability initiative from GreenBlue, an environmental nonprofit dedicated to the sustainable use of materials in society, and the American Forest Foundation (AFF), a conservation organization that works with family landowners in the United States. Forests in Focus helps members identify family-owned forests as a source for sustainable wood fiber, the raw material used to make paper and packaging.

SEK 50 million will be invested in a pilot facility in Umeå. Stora Enso, Sveaskog and Holmen are co-funding the project.

Sofidel is one of the first Italian companies to meet the requirements of the standard, which is designed to make supply chains more sustainable and increase quality through the implementation of suitable procurement policies.

The truck failed to negotiate a corner just before the bridge, which carries traffic over the Androscoggin River. The rig straddled the guardrail and its load of sawdust spilled down an embankment.

Domtar crews spent the better part of Thursday (Nov. 14) ensuring a hog pile fire was out.

Several fire departments responded to a fire at a Louisiana-Pacific Corporation facility south of Hanceville Saturday afternoon, Nov. 2.

Kimberly-Clark Corporation is investing $20 million to expand the capacity of its Corinth nonwovens line, adding 25 jobs in the process.

Deputies said when they arrived, they found the log truck which had gone downhill after leaving the logging road.

Louisiana-Pacific Corporation announced the appointment of Derek Doyle to vice president, controller and chief accounting officer effective immediately.

Tolko Industries says it will be shutting down operations across B.C. for two weeks over the holiday season due to low lumber prices and high log costs.

The employee consultation processes have now been completed. Paper machine 2 in Rauma will be permanently closed on 6 November 2019.

The newly formed Willamette Falls Paper Co. quietly restarted two months ago and is now trying out new classes of paper made from pulp and agricultural waste instead of wood.