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The PM40 closed Friday, 13 December 2019, at 3237.

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 13 December 2019 down 3.5% from the 14 December 2018 level.

In this issue of Disconnected Comparisons, we evaluate International Paper and Kimberly-Clark.

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 late Douglas Wahren, who was inducted into the Hall of Fame in 2017.

Environmental protesters worried about the plight of Canadian caribou and forests dressed up as Santa Claus and reindeer and delivered coal at Procter & Gamble's headquarters earlier this month.

The Board of Directors of Archroma has appointed Heike van de Kerkhof to succeed current CEO Alexander Wessels effective January 6, 2020.

The ELSX rotary joint is designed to transfer steam or thermal oil into and out of rotating equipment. The new design significantly increases the reliability, durability, and overall speed and pressure capability of Kadant Johnson extended life joints.

Valmet will proceed with plans for a phased closure of foundry, machine shop and assembly operations at its production center in Hudson Falls, New York. The first phased closure will begin in March 2020 and continue until final customer orders are fulfilled in summer 2020.

From 2022 onwards, none of the Voith locations around the world will leave a carbon footprint going forward. With a view to implementing carbon neutrality quickly, Voith is going to switch to purchasing carbon-neutral electricity in the near future as well as offsetting unavoidable carbon emissions with compensation measures.

Domtar Corporation is partnering with Classroom Central to provide and promote a literacy initiative funded by Domtar, and fulfilled through Classroom Central.

Mondi, global leader in innovative and sustainable packaging and paper solutions, has been recognised in four product categories at the WorldStar Packaging Award.

Verso Corporation has introduced a new promotion for its No. 4 coated web printing paper, Liberty®, titled Quality of Paper. Quality of Life. That's Liberty®.

Corner Brook Pulp and Paper announced this monrth it is restructuring staff to keep its labour costs in line, and that will mean a loss of permanent status for some workers at Newfoundland and Labrador's only newsprint mill.

Pregis is announcing another $5 million investment in its Pregis Films facility located in Grand Rapids, Michigan. Additionally, Pregis is leasing an additional 35,000 square feet in the same location for expanded warehousing capability.

EcoVadis announces its sustainable procurement partnership with Klabin, Brazil's largest paper and board producer and exporter. Together, the two companies will drive sustainability excellence across the global pulp and paper supply chain through proactive monitoring and assessment of supplier performance and risk.

Innovation Norway has allocated NOK 17 million for research and development of fiber composites at Norske Skog Saugbrugs and Borregaard.

The Supreme Court of Canada has ruled on December 6, 2019, in a case from the Court of Appeal for Ontario that will have an impact on companies and across Northwestern Ontario. The 5-2 majority decision in R. v. Resolute FP Canada Inc. was brought over the mercury pollution that has impacted Grassy Narrows and the Islington First Nations.

The Australian Competition and Consumer Commission has raised preliminary competition concerns about the merger of United States-based publishers Cengage Learning and McGraw-Hill Education.

One person was killed when the wildfire ravaged an area totalling 14,000 hectares in the central Vastmanland region in 2014.

The investments in maintenance planned for 2020 will amount to R$3.6 billion, while investments in expansion and modernization projects will require approximately R$300 million.

The expected purchase price is approximately US$93 million.

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 will add Kilmer, Wagner & Wise (KWW) Paper Company to its packaging portfolio.

On 18 June 2019, Tieto Corporation announced an agreement to combine Tieto and EVRY ASA ("EVRY") through a cross-border merger.

Fortress Global Enterprises Inc. announces that it has failed to receive any indications of interest pursuant to its previously announced strategic and financing initiative by the required deadline under the financing agreement entered into among the Company's wholly owned subsidiaries, Fortress Specialty Cellulose Inc. and Fortress Bioenergy Ltd.

Verso is seeking to replace the leadership of its board of directors to ward off the election a competing slate of nominees chosen by a group of investors that Verso says is waging a proxy war for control of the company.

Rayonier Advanced Materials Inc. announced that the Company plans to re-submit two management proposals to the Company's stockholders for a vote at its next Annual Stockholder Meeting in 2020.

The US Department of Energy (DOE) announced up to $3 million for projects that address barriers to modular chemical process intensification to enable development of breakthrough technologies that can boost energy productivity and energy efficiency in industries such as oil and gas, pulp and paper and chemical manufacturing.

Enviva applauds a new report, The Future of Bioenergy, published December 5, 2019 in the Global Change Biology journal and authored by Walter Reid and Mariam Ali of The David and Lucile Packard Foundation and Christopher Field of the Stanford Woods Institute for the Environment.

A first milestone is set for 2030, when Lenzing plans to cut down on CO2 emissions per ton of product by 50% compared to a 2017 baseline. For 2050 Lenzing has announced a vision towards net-zero CO2 emissions.

Some of the world's best known brands are fuelling climate change by sourcing palm oil and wood pulp linked to Indonesian forest fires, reveals new Greenpeace International analysis.

According to a new report, Södra has a positive impact on global climate change, equivalent to 20% of Sweden's combined emissions of CO₂ equivalents.

An explosion at Georgia Pacific's Clarendon plant injured one person Monday afternoon (Dec. 9).

A fire was reported at a Graphic Packaging facility in Kenton, Ohio early Dec. 3.

Crews responded to a fire at ST Tissue Facility's Fiber Recycling Plant Friday morning (Dec. 6).

A former professional hockey player from Grand Rapids, Scot Kleinendorst, 59, was badly injured and fighting for his life following a heavy machinery accident at the town's paper mill, UPM Blandin, over the weekend earlier this month.

Georgia Pacific's Diboll lumber plant is celebrating 125 years of operation.

Stora Enso is merging its container board business in the Packaging Solutions division with the Consumer Board division, creating a new Packaging Materials division.

Smurfit Kappa Group PLC on Friday said Christel Borie retired from her position as non-executive director on Thursday.

The Ministry of Labour is investigating an industrial accident at Resolute Forest Products' Thunder Bay sawmill.