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

The PM40 closed Friday, 14 April 2023, at 4993.

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 14 April 2023 up 6.6% from the 14 April 2022 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 Carl Landegger, who was inducted into the Hall of Fame in 2003.

Andritz has received an order from Winstone Pulp International Ltd. (WPI) to perform a comprehensive twin wire press retrofit at their Karioi pulp mill in New Zealand.

Start-up is scheduled for 2025.

These lines feature innovative technology to transform wastepaper into high quality stock while significantly reducing energy consumption.

The service agreement covers continuous collaboration on spare parts, process evaluations and condition assessment of the mechanical equipment, as well as yearly shutdowns of the fiber line and baling line.

The start-up is scheduled for April 2024.

Innovative LAMà® Band rids hard-to-recycle waste from in-store signage.

Quad/Graphics Inc. is now the sole printer of the U.S. edition of Reader's Digest after signing a multimillion-dollar contract with the magazine.

For more than two decades, the grant program has celebrated the power of print design by supporting projects created to address social issues.

For about half a century, foamed polyethylene (EPE), polyurethane (PU) and expanded polystyrene (EPS) have been utilised as the go-to material for several packaging applications. However, they are now faced with new, innovative competitors like Papira® by Stora Enso. But why switch to this new material? Read into three key reasons why.

As Resolute's new cellulose filaments plant at Kénogami, Quebec, Canada, paper mill nears completion, the company is focusing on bringing commercial volumes of this innovative biomaterial to the marketplace.

The lawsuits against 3M and Dupont seek financial damages to pay for the state's investigation into PFAS contamination.

Japan's Fair Trade Commission on Tuesday conducted on-site inspections of seven facilities linked to paper distributor Japan Pulp and Paper Co. and three other companies over suspected bid-rigging.

Canada's Standing Committee on Natural Resources has passed a motion to investigate the ownership structure and business relations of Paper Excellence, a pulp and paper company based in Richmond.

Georgia-Pacific containerboard mill in Monticello is set to receive a $91 million upgrade, making the construction project one of the company's largest investments in the Lawrence County facility.

Summit Paper Tube, Inc., a paper tube manufacturer, announced plans to establish its first South Carolina operations in Williamsburg County. The company's $1.68 million investment will create 19 new jobs.

Suzano reached a deal with Kimberly-Clark in October, saying at the time that the main asset included was a tissue production plant located in Sao Paulo state.

Transactions Allow Iconex to Serve Liner-Free Customers with Best-in-Class, High-Performance Products.

Sappi Limited announced that the intended sale to Aurelius Group of its Maastricht Mill in the Netherlands, its Stockstadt Mill in Germany and its Kirkniemi Mill in Finland (the "Transaction") has not materialised within the agreed timeframe of the contractual agreement and therefore the agreement has lapsed.

Sofidel, one of the world's leading paper groups for the production of paper for hygienic and domestic use known particularly in Italy and Europe for its Regina brand, is pleased to announce that it has entered into an agreement with Hakle GmbH to acquire Hakle trademark and other brands.

The transaction was completed for $72 million in cash.

The enterprise value of the transaction is approximately EUR 18 million and will result in the reduction of Stora Enso's annual newsprint paper capacity by 245,000 tonnes.

Following Russia's war of aggression in Ukraine, UPM announced in March 2022 suspension of its business activities in Russia, including deliveries, wood procurement and the Chudovo plywood mill.

Streamlines Senior Leadership to Accelerate Business Performance.

Interfor Corporation provided an update on its ongoing director succession process. The Company has updated its diversity target for its board of directors ("Board") and commits that at least 30% of its Board members will be women by its next annual general meeting of shareholders ("AGM") in 2024.

Norske Skog Bruck started its containerboard production last week, introducing 210,000 tonnes of competitive testliner and fluting capacity to meet the growing demand for renewable packaging. The production is based 100% on recycled fibre and will use steam from the new waste-to-energy plant, which opened in April 2022.

Henrik Ehrnrooth was elected as Chair, and Kim Wahl as Deputy Chair of the Board of Directors of UPM-Kymmene Corporation at the Board of Directors' constitutive meeting that took place today following the Annual General Meeting.

Stora Enso plans to consolidate its book paper production and permanently close one of the two paper machines at Anjala in Finland. The Group will start change negotiations concerning all employees at the integrated Anjalankoski site.

Three green hydrogen projects that Kimberly-Clark is developing with energy industry partners have won places on the UK Government's Hydrogen Business Model Strategy (HBMS) shortlist.

Technology captures previously unrecoverable resources from municipal waste.

Progroup, a manufacturer of containerboard and corrugated board sheets, is expanding its site in Sandersdorf-Brehna, Germany, to create a zero-waste site. A state-of-the-art waste-to-energy plant is being built right next door to the PM3 paper factory. It will supply the factory with the process heat it requires as well as electricity.

Sonoco announces that the high barrier paper-based structure, EnviroFlex® Paper Ultimate (ULT) 1.0, has received How2Recycle® pre-qualification and has met all requirements of the Fibre Box Association's Voluntary Standard for Repulping and Recycling.

In the run up to the Earth Day (22nd April), Tetra Pak is highlighting some of its recent recycling initiatives that are helping to keep valuable materials in use and out of landfills.

Tolko says the shift reduction is due to high fibre costs and weak lumber markets.

According to Manager, Communications and Government Relations of Domtar, Tammy Waters, on March 29, 2023, at approximately 4:45 p.m., an incident occurred at the Domtar Hawesville mill when three employees were injured while making repairs in the recovery boiler area.

When firefighters arrived on the scene they found the building filled with smoke and two employees unaccounted for.

To preserve the health of professionals and the community, Klabin has in place protocols such as submission of proof of the COVID-19 booster shot, regular cleaning and a cafeteria dedicated to workers in the maintenance shutdown, as well as inspection, by Klabin and contractors, of the locations where employees will stay.

A deal between Pactiv Evergreen and the regional United Steelworkers union is a win of some degree for workers who choose to stay with the company through June 9, when job eliminations are set to begin.

Some workers have accepted early retirement packages or have left Canfor Pulp for other jobs.

Increasing costs, falling pulp prices and a weaker USD in the long term are the reasons why 24 people have been given notice of redundancy at Rottneros Group's Vallvik mill.

Rayonier Advanced Materials Inc. is pleased to announce that Michael Osborne joined the company on April 10, 2023, as Vice President, Manufacturing replacing Bill Manzer, who has announced his plans to retire. Michael is a thirty-plus-year manufacturing veteran, most recently holding the position of Vice President, Global Manufacturing for Kraton Pine Chemicals.

Investigation of a blastomycosis outbreak at the Billerud paper mill in Escanaba is ongoing, and involves local, state and federal health and occupational safety officials.

There has been a change of plans when it comes to a curtailment at Cariboo Pulp & Paper in Quesnel.