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The PM40 closed Friday, 15 July 2022, at 4891.

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 Glatfelter and International Paper.

The PM40 closed 15 July 2022 up 6.5% from the 16 July 2021 level.

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 150 papermaking innovators and legends have been enshrined. This month, we profile the late Arne J.A. Asplund, Founder, Research & Development, Chairman at Defibrator AB in Stockholm, Sweden, who was posthumously inducted into the Hall of Fame in 2014.

SKF and ABB have entered into a Memorandum of Understanding (MoU) to explore the possibilities for a collaboration in the automation of manufacturing processes. The MoU was signed at ABB's Robotics Experience Center in Västerås, Sweden, by SKF CEO Rickard Gustafson and ABB CEO Björn Rosengren.

AFT will be supplying a new POM thin stock approach system to the Papeles y Conversiones de Mexico containerboard mill in Monterrey, Nuevo Leon, Mexico. PCM is a leading Mexican company in the manufacture, conversion and marketing of high quality printing and packaging products.

AkzoNobel has announced that Gregoire Poux-Guillaume will become the company's new CEO as of November 1, 2022. He will succeed Thierry Vanlancker, who has been CEO and member of the Board of Management since 2017, and whose term of office is coming to an end.

International technology group ANDRITZ has received an order from Shanying Paper (Jilin) Co. Ltd. to supply a complete OCC line, including fiber recovery and reject handling system, for its mill near Fuyu City, Songyuan, Jilin Province, China.

Andritz has received the third order from Shandong Canfield Wood Industry Co., Ltd. to supply a pressurized refining system to its mill in Chiping County, Liaocheng City, Shandong Province, China.

Andritz has received an order from Dongfang Smart Energy Co., Ltd. of Shaanxi Power Generation Group to supply two paper machine approach flow systems and LC (low consistency) refiners to its mill in Wugong County, Xianyang City, Shaanxi Province, China.

Valmet will deliver a LignoBoost plant for Mercer Rosenthal Lignin Center in Thuringia, Germany. The plant will extract kraft lignin from pulp mill black liquor.

Valmet will deliver the world's first two electrical folding machines for pulp bales to Södra Cell Mönsterås pulp mill in Sweden.

Enviva Inc., the world's largest producer of industrial wood pellets, announces the establishment of the Enviva Heirs Property Fund (EHPF), an initiative dedicated to ending involuntary land loss across the U.S. Southeast.

Mondi, a global leader in packaging and paper, has entered the bike packaging market with its Protector Bags, providing a new sustainable solution for Diamant to replace plastic wrapping used around the handlebars of its Trek and Diamant brands.

OnceMore®, the pioneering circular textile recycling system, has announced its expansion into the hospitality industry with a groundbreaking new partnership with PM & Vänner, a sustainability-driven hotel and Michelin-starred restaurant in Småland, Sweden, to provide a scalable solution to the sector's textile wastage problem.

The program is being introduced at the School Nutrition Association's (SNA) 2022 Annual National Conference.

The Kingscote Estate and Vineyard in West Sussex, which sells a range of fine wines through its 'The Wine Caverns' sub-brand, needed a sustainable packaging solution to drive online sales and reflect the premium nature of its brand.

Smurfit Kappa Pre-Print & Coatings in collaboration with Molson Coors Beverage Company are delighted to confirm that they have reached the summit of European recognition for the highest quality of flexographic print - winning the annual FTA Diamond Award at this month's event in Milan.

Stora Enso has launched NeoLigno, a revolutionary lignin-based binder for particleboard and insulation applications.

On June 28th, NOREXECO, the world's only international regulated market for trading pulp and paper derivatives, explained to North American buyers and sellers of pulp how they could mitigate pricing risk for market pulp using exchange traded contracts.

The Board of Directors of Southeastern Timber Products LLC, an STP-Tolko Partnership (STP) are pleased to announce a $150 million USD capital investment in the STP lumber mill in Ackerman, Mississippi. The partnership is a joint venture between Tolko Industries (U.S.) Ltd. and STP Holdings, LLC. This investment is the next step in an expansion project that will upgrade the mill from 120MMFBM to 250MMFBM annual capacity. The project will conclude in the first quarter of 2024.

Sonoco ThermoSafe's Pegasus ULD® is the world's first FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use, which enables it to speed through international air freight handling and customs processes at the lowest possible cost.

Stora Enso and Tetra Pak are jointly examining a shared beverage carton recycling solution to meet the growing recycling need in Benelux, responding to the demand for circular paper-based packaging solutions.

CellMark Recycling will supply 300,000 tons of mixed paper and Old Corrugated Containers (OCC) annually as feedstock to the facility. All Recycled Brown Pulp produced will be sold exclusively by CellMark Pulp.

The facility, scheduled to be operational by the third quarter of 2023, will bring more than 60 new jobs to the area.

Smurfit Kappa has completed a large-scale sustainability project at its Zülpich paper mill in Germany, which significantly reduces the plant's CO2 emissions. The Euro11.5 million investment included a major redesign of the plant's multi-fuel boiler to provide a more sustainable fuel source for the generation of steam and electricity.

Western Forest Products Inc. announced capital investments totaling approximately $29 million towards its British Columbia (B.C.) operations in Canada. These capital investments represent an increase of $13 million over and above the $16 million of capital investments discussed in the Company's 1Q 2022 Management's Discussion and Analysis.

Cenveo Worldwide Limited announced the successful completion of a management buyout of the business led by Chief Executive Officer, Rob Burton, Jr., President, Mike Burton, Chief Financial Officer, Mark Hiltwein, and Chief Strategy Officer, Ayman Zameli. As a result of the transaction, Cenveo is now 100% owned by its management with the Burton family being the majority shareholder.

Essity acquires 80% of the Canadian company Knix Wear Inc. ("Knix"), a leading provider of leakproof apparel for periods and incontinence.

The purchase price amounts to AUD 140m (approximately SEK 985m) on a cash and debt free basis.

Menasha Packaging Company, LLC, a subsidiary of Menasha Corporation, announced it has finalized the acquisition of Color-Box, a business unit of Georgia-Pacific, LLC. Terms of the transaction were not disclosed.

FCL is a machinery manufacturer that designs and manufactures industrial machines.

Private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest to acquire Canadian lumber company West Fraser Timber Co, people familiar with the matter said on Tuesday, July 19

Now, as Paper Excellence plans to acquire Resolute, Domtar plans to sell their mills in both Dryden and Espanola to a third-party company due to anticipated regulatory requirements related to the deal, which is expected to close in the first half of 2023, subject to approvals.

Mativ Holdings, Inc. announced the successful completion of the merger of equals between Schweitzer-Mauduit International, Inc. ("SWM") and Neenah, Inc. ("Neenah"), two leading global manufacturers of specialty materials, effective July 6, 2022.

Canadian forest products company Resolute Forest Products Inc. has agreed to be bought by pulp manufacturer Domtar Corp. in a deal the companies valued at some $2.7 billion, including pension liabilities.

The world's first electric timber truck with a capacity of 80 tonnes has now been delivered to SCA. The vehicle solution developed by Scania in close collaboration with SCA and the research institute Skogforsk, is part of the transition to sustainable transport.

Twin Rivers Paper Company, a leading producer of specialty paper products, is pleased to announce recent additions to its executive leadership team.

Charlotte Kaiser has joined the BTG Pactual Timberland Investment Group (TIG) as the firm's first Head of Impact Finance.

Performance White Barrier is a new sack paper from BillerudKorsnäs where a coating replaces the plastic film barrier commonly found in paper sacks. The sack paper is on par with traditional alternatives regarding shelf-life expectancy and other performance factors.

DS Smith, a leading paper and packaging producer, and the University of Georgia are coming to the rescue of Rafinesque's Big-eared bats, southeastern gopher tortoises and other critical animal species that call southeast Georgia home.

Sappi North America, Inc., a leading producer and supplier of diversified paper, packaging products and pulp, released its 2021 Sustainability Report, which incudes the highest possible rating from EcoVadis, the world's most trusted provider of business sustainability ratings.

Sonoco announced it is expanding post-consumer recovery and recycling opportunities for paper cups in bales of mixed paper to be used as raw material at its Hartsville, S.C., paperboard mill to produce new paperboard.

The Alberta Forest Products Association (AFPA) announced that Tolko Industries Ltd. has officially joined the Association.

Starting September 26, Emmanuelle Picard is appointed EVP of the Building Materials division at Ahlstrom-Munksjö and a member of the Executive Management Team.

Conifex Timber Inc. announced a delay in the resumption of operations at its power plant in Mackenzie, British Columbia, Canada, following the previously disclosed dispatch period. In the course of annual maintenance of the power plant, damage to the plant's turbine has been discovered. The boiler, generator and other long lead-time equipment have not been impacted.

Fire crews were called to the Twin Rivers Mohawk Valley Paper Mill in Little Falls early Thursday morning July 14 after a fire broke out around 1:20 a.m.

West Midlands Fire Service (WMFS) has revealed that the huge blaze which was declared a major incident in Birmingham on June 12 was started by coals from a disposable barbecue, as they warn people to use them responsibly amid the upcoming heatwave.

Sanna Väisänen has been appointed as Koskisen's Director of Sustainability and Communications and a member of the Executive Board effective 1 September 2022.

After more than 24 hours, the July 9 warehouse fire in Combined Locks has finally been put out.

IFS, the global cloud enterprise software company, announced that Sweden-based speciality paper manufacturer, Nordic Paper, has decided to upgrade its existing on-premise enterprise asset management (EAM) software to the latest IFS Cloud™ solution to drive efficiencies across its global operations. The upgrade will be implemented by IFS channel partner, Novacura, which is also based in Sweden.

Mercer International, provides the following update to its press release of July 1, 2022 regarding a fire which occurred in the wood chip storage area at our Stendal pulp mill.