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The PM40 closed Friday, 12 August 2022, at 5595.

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 Clearwater Paper and Sonoco.

The PM40 closed 12 August 2022 up 16.3% from the 13 August 2021 level.

Reported insider trading since the last issue of PaperMoney.

George W. Mead II, the last local owner of the paper mill in Wisconsin Rapids and one of the 150-plus inductees of the Paper Industry International Hall of Fame in Appleton, Wisconsin, died Friday, July 29, 2022 in Madison, Wisconsin at the age of 94.

Following the fire that hit RDM Blendecques mill in France, A.Celli will contribute to the restart of production with a brand new E-WIND P100 paper rewinder.

Andritz has successfully received the Final Acceptance Certificate for a biomass handling plant at Eldorado's Onça Pintada site in Três Lagoas, Mato Grosso do Sul, Brazil.

BID Group will be partnering with Canfor Corporation to deliver a new state-of-the-art sawmill complex in southern Alabama. Through its industry-leading wood processing technologies and integrated solutions offering, BID will manage, design, build, equip, install, and provide full start-up services for the project.

Andritz recently received the final acceptance certificate for the upgrade of two Andritz P-RC APMP (pre-conditioning refiner chemical alkaline peroxide mechanical pulp) fiberlines delivered to APP's Guangxi Jingui Pulp and Paper in Guangxi Province, China.

Rohrer joined Kadant Johnson in 2008 as a marketing manager. Since that time, her responsibilities have grown to include inside sales, applications, and marketing where she has developed high-performance teams in each area.

Kemira Oyj announces change in Management Board. Antti Salminen has been appointed to lead Kemira's Pulp & Paper segment as of August, 15. He's had several prior leadership positions in Kemira, latest as President, Industry & Water segment and has been a member of Kemira's management board since 2011. He has a PhD in engineering.

Kimberly-Clark announced that it was once again named one of the World's Most Ethical Companies by Ethisphere for the fourth consecutive year. This recognition honors the company's exceptional leadership and commitment to business integrity through best-in-class ethics, compliance and governance practices.

Mondi, a global leader in packaging and paper, in partnership with Fiorini International, a world leading converter and packaging producer based in Italy, has successfully created and launched a new fully recyclable paper packaging for a premium Italian pasta brand.

The Inspyre mailer offers an efficient, lightweight, and sustainable way to ship non-fragile items and soft goods such as apparel, linens, in direct-to-consumer e-commerce applications.

The Smurfit Kappa paper mill in Nettingsdorf, Austria, has launched a sustainable district heating project that will benefit 20,000 homes across three communities when completed. The scheme will capture excess heat generated from the Nettingsdorf paper mill to provide heating for local homes, businesses and schools.

Yes, this is in addition to previously communicated increases.

Viken Skog and the Swedish packaging manufacturer BillerudKorsnäs are collaborating to establish a wood pulp facility in Treklyngen Industripark, the area Viken Skog bought after Norske Skog Follum shut down paper production in 2012.

CMPC, one of Latin America's largest pulp and paper companies, has announced a partnership with CNI and SOSA, the global open innovation company, to improve the efficiency and sustainability of CMPC's forestry supply chain in Brazil.

Mondi, a global leader in packaging and paper, has collaborated with Essity and Dow to create new, recyclable secondary packaging for Essity's feminine care products, using renewable materials and post-consumer recycled content that reduces use of fossil-based materials.

WestRock Company, a leading provider of sustainable paper and packaging solutions, has delivered its flexible and efficient Cluster-Pak® EvoTech™ packaging solution for a joint partnership between Budějovický Budvar and Mattoni 1873 to advance their shared commitment to improving circularity in the Czech Republic.

Complaints about the odors seemingly coming from the paper mill have dated back to 2020.

The U.S. Department of Commerce is lowering tariffs against most Canadian softwood producers by half, but the long-running trade dispute lingers as Canada plans to appeal the decision to maintain punitive duty rates.

Ahlstrom-Munksjö is investing in new technology and converting its existing boilers at its Mosinee and Rhinelander plants in Wisconsin, United States, to reduce its carbon emissions and landfill waste.

Cascades Inc. said the cost of its Bear Island conversion project has increased amid higher labor costs and reduced availability of materials.

Georgia-Pacific plans to expand operations in Clarendon County, South Carolina. The company is investing approximately $40 million into the project.

Governor Henry McMaster and the S.C. Department of Commerce announced that Greif, a global leader in industrial packaging products and services, plans to expand existing operations in Greenville County, S.C. The company is investing $13 million over the next five years.

Chilean packaging and sanitary products manufacturer CMPC agreed to buy Mexican tissue firm Grupo P.I. Mabe for $293 million, according to a filing to the stock exchange.

Hood Container Corporation announced that it has acquired the corrugated packaging business of Walker, MI based Kentwood Packaging Inc. The transaction includes all of Kentwood's design, manufacturing, assembly, and fulfillment operations in Walker, including its membership in Great Lakes Wax Coatings, LLC.

Palm Paper is a market leading distributor of foodservice and janitorial sanitation products.

Mondi Group has agreed to sell its Russian Syktyvkar plant to Augment Investments Limited owned by Russian billionaire Viktor Kharitonin for 95 billion rubles ($1.5 billion).

Pactiv Evergreen Inc. announced that its wholly-owned subsidiary, Evergreen Packaging International LLC, has completed the previously announced sale of its carton packaging and filling machinery businesses in China, Korea and Taiwan to SIG Group Ltd.

Construction of the facilities and infrastructure work will cost approximately $9.5 million. The rest will be spent on equipment, furniture and a new sprinkler system.

Sonoco Products Company, a diversified global packaging leader, is pleased to announce the promotion of Assistant Corporate Controller Aditya Gandhi to the newly created role of Chief Accounting Officer, effective immediately.

West Fraser Timber is permanently curtailing approximately 170 million board feet of combined production at its Fraser Lake and Williams Lake sawmills and approximately 85 million square feet of plywood production at its Quesnel Plywood mill in Canada. The curtailments will be realized through the elimination of one shift at each facility.

Ilim Group is finalizing the construction of the largest kraftliner mill (KLB Mill) in Ust-Ilimsk, Russia. It is the first mill in the Russian pulp and paper industry to use a two-stage biological wastewater treatment system.

Irving Pulp & Paper (IPP) has been given permission to begin construction immediately of an Environmental Treatment Facility and Water Use Reduction Project at Saint John's mill in New Brunswick, Canada, following a successful Environmental Impact Assessment (EIA).

To strengthen our commitment to green growth and sustainable business practices, Norske Skog has joined the world's largest corporate sustainability initiative. At Norske Skog, we believe that industry must participate actively to progress according to the principles outlined by the UN Global Compact on human rights, labor, environment and anti-corruption.

Glen Pearce, Sappi Group CFO, commented: "This first sustainability-linked financing facility is an important strategic step for Sappi and supports our long-term vision to be a sustainable business with an ambitious sustainability strategy."

Sonoco, one of the largest diversified global packaging companies, released its 2021-22 Corporate Responsibility Report, renewing ambitious 2030 commitments to reduce greenhouse gas emissions and energy usage. The Science Based Targets align with the Paris Climate Agreement, which seeks to limit global warming temperatures well below -2 degrees Celsius above pre-industrial levels.

In its second-quarter results for 2022, Canfor said the Taylor Pulp Mill curtailment will continue until "more normal" transportation levels return to its pulp and paper mills.

The Interfor Board appointed Tom Temple of Kingston, Washington as a director of the Company. Mr. Temple, who is 65, is the former VP, Wood Products and Southern Resources of PotlatchDeltic, a diversified forest products company. Mr. Temple's appointment increased the number of directors from ten to eleven, while deepening the Board's operations and sales expertise in the U.S. in line with the Company's Board succession plan.

It was the first time workers at the plant had struck since 1978.

Rottneros AB announces that Pia Ohlson has decided to leave her position as CFO as of 5 September 2022. As CFO, Pia Ohlson has been a member of group management in Rottneros.

Mill Rock Packaging Partners, a specialty packaging platform that invests in growth-oriented companies with advanced service and product capabilities in the consumer packaging industry, announced that Steve Rice has been named Chief Information Officer, a new position for the company. Mill Rock Packaging is a portfolio company of New York-based Mill Rock Capital, a growth and operations-oriented private investment firm.