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We are updating this list as these happen in the pulp, paper and forest products industry

The PM40 closed Friday, 12 January 2024, at 5358.

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 Ennis, Inc.

The PM40 closed 12 January 2024 down 0.3% from the 13 January 2023 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 Joseph Plank, who was inducted into the Hall of Fame in 2002.

How's the paper industry?

With the planned investment Metsä Group's tissue paper business aims to replace almost half of imported essential tissue products and bring locally produced, sustainable tissue products to the UK, increasing the country's self-sufficiency in this sector by 30%.

The delivery will take place in July 2024.

Valmet will supply key technology to Shandong Jin Tian He Paper's board machine PM 13 food grade folding boxboard line in China. The delivery will include headboxes, a former and press section, finishing technologies, automation and services.

Voith announces the appointment of Jeff Berg, Vice President Operations, Voith Paper Fabric & Roll Systems North America, as Chair of the Northeast Wisconsin Manufacturing Alliance Board of Directors.

First launched in 1999, the Dow Jones Sustainability Indices are designed for investors who recognize the importance of sustainable business practices for shareholder value.

The coveted WorldStar Global Packaging Awards recognise exceptional packaging innovations on a global stage, attracting 435 entries from 41 countries in 2024.

Sofidel, a leading global provider of paper for hygienic and domestic use, announced that it has been named a winner in the 2024 BIG Innovation Awards presented by the Business Intelligence Group for its Papernet powered by HyTech Seas dispensers.

Sun Chemical has launched SunLit® ProPace, the latest generation of vegetable oil based sheetfed process printing inks designed specifically for helping printers increase productivity in commercial publication and non-food packaging printing.

Two Sides North America (TSNA) announced that Kathi Rowzie will retire as its president effective February 1. Over the past four years, Rowzie has led the non-profit membership organization chartered to eliminate unsubstantiated and misleading environmental claims about print, paper and paper-based packaging and to promote the paper industry's continuously improving sustainability performance.

Appvion is implementing a price increase of up to 8% for direct thermal paper products globally.

Greif, Inc. is implementing a $40 to $70 per short ton increase for all grades of uncoated recycled paperboard (URB) and a minimum 6.0% increase on all tube and core and protective packaging products.

J.D. Irving's Grand Lake Timber in New Brunswick is celebrating the commission of a new biomass boiler which will significantly reduce fossil fuel consumption and contribute to a sustainable future. The project marks a step towards an eco-friendlier lumber drying process and will allow the mill to substantially reduce its carbon footprint.

Atlas Holdings has entered into a definitive agreement to sell RedBuilt, LLC to Hampton Lumber Mills, Inc. The transaction is anticipated to close in the Q1 2024, subject to customary closing conditions. Terms were not disclosed.

Hood Container Corporation announced that it has acquired the corrugated packaging business of Sumter, SC based Sumter Packaging Corporation. This includes all of Sumter's design, manufacturing, assembly and fulfillment operations in Sumter, SC as well as the business manufactured and serviced from the Statesville, NC facility.

The property is adjacent to Kimberly-Clark's Beech Island facility, which began production in 1968, three years after the company revealed its plan to purchase an industrial site in Aiken.

The Western Reserve Port Authority approved the sale of former steel mill property in the Warren and Howland area to the Kimberly-Clark Corporation, which plans to build something there.

At 2:30 p.m. Wednesday, Dec. 3, employees at ST Paper's Duluth plant were informed of a likely pending sale of the facility to Sofidel, a privately-held Italian multinational company that ranks as the world's seventh-largest manufacturer of tissue paper.

UPM Steyrermühl was founded in 1868 and produced newsprint paper until the end of Q2 2023. Production capacity during the last years was 320,000 tonnes annually. The site also includes a sawmill with an annual timber capacity of 370,000 cubic meters.

Lecta Ltd announces that Dr. Dermot F Smurfit has decided to retire from his role as Chairman of the Board and that he will be succeeded by Javier Abad Marturet.

LP Building Solutions (LP) announced the appointment of LP Chair and CEO Brad Southern to the Federal Reserve Bank of Atlanta's Board of Directors for its Nashville Branch.

PaperWorks, based in the Philadelphia suburb of Fort Washington, filed paperwork Thursday with the N.C. Department of Commerce that stated it was permanently closing the Montgomery County facility for "financial reasons" but was not more specific. None of the employees who work there are part of a union.

Four hundred workers are affected by the production shutdown which takes effect immediately.

West Fraser Timber Co. Ltd. announced that it will close its sawmill in Maxville, Florida and indefinitely curtail operations at its sawmill in Huttig, Arkansas by the end of this month.

We are updating this list as these happen in the pulp, paper and forest products industry

The global water purification market is fast-moving with continuous advancements in technologies and applications. There is an increased focus on more sustainable solutions to address the growing concerns about water quality and the need for reliable water purification solutions.

Georgia-Pacific, along with partners The Georgia Forestry Foundation and Jamestown LP, recently met with state and local leadership to discuss how prioritizing and utilizing sustainable structural building materials such as mass timber not only has a positive effect on our environment, but Georgia's economy.

Rayonier Inc. announced its commitment to The Climate Pledge, reinforcing our dedication to a sustainable and environmentally responsible future.

A sheen that was discovered in the Spokane River last week was caused by an equipment failure at the Inland Empire Paper Company, the Department of Ecology says.

Stora Enso continued wetland restoration in Finland and started new projects in Sweden. In Finland, Stora Enso aims to restore 1,000 hectares of peatland together with Tornator by 2027, and this work continued in 2023.

All papers sourced by UPM Raflatac, whether used as a face paper or a release liner in its labeling materials, are now certified under a credible third-party forest certification scheme. Having all papers certified is one of UPM Raflatac's 2030 responsible sourcing and climate targets, which was now achieved six years ahead of time.

Incidents in 2024: We are updating this list as these happen in the pulp, paper and forest products industry

Beacon announced the appointment of Carmelo Carrubba, Beacon's current Vice President of Strategy and Transformation, as Interim CFO, effective January 20, 2024, while the Company conducts an external search for its next CFO.

Nunziata serves as Interim Chief Executive Officer and Chief Financial Officer of the Company and also serves as the Company's principal accounting officer.

A small fire occurred at a paper mill in Kalamazoo and was quickly extinguished, the company said.

Several fire departments responded to a two-alarm fire at Soundview Paper in Putney on Saturday, Jan. 6, 2024.

CN, which is the largest hauler of forest products in North America, named Lalonde as its executive vice president and special advisor to the CEO, a role he'll hold until he transitions to chief commercial officer later this year.

This new role augments Graphic Packaging's outreach capability with an aim to expand and diversify the company's investor network globally.

Metsä Group plans to discontinue the sawn timber production in Merikarvia, Finland. The production would end by summer 2024. The change negotiations at the Merikarvia sawmill concern all the sawmill's 79 employees.

Pekka Kittilä, M.Sc. (Eng.), has been appointed VP, Mill Manager of Metsä Fibre's new bioproduct mill as of 1 February 2024.

MM Kwidzyn has completed the consultation process with trade unions and works councils. The company has taken the decision on the closure of the packaging kraft paper machine (PM3).

A call around 12:30 p.m. Tuesday, Jan. 2, of a fire at the Georgia Pacific MDF plant in Mount Jewett brought volunteer fire departments from three counties in response.

Tord Steinset Torvund (33) is employed as Chief Financial Officer (CFO) in Norske Skog ASA from 1 March 2024, because the current CFO, Rune Sollie (57), having announced that he wishes to resign.