Archives

The PM40 closed Friday, 15 November 2024, at 5833.

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 15 November 2024 up 15.2% from the 17 November 2023 level.

In this issue of Disconnected Comparisons, we evaluate Greif and 3M.

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 Raymond B Mundt, who was inducted into the Hall of Fame in 2004.

When do you start budget planning?

Customer selects ABB drives and motors for Lucca Paper Mill, which will be the biggest mill of its kind in the country.

The plant is scheduled to start production in the second half of 2026.

On November 1, 2024, BASF closed the divestment of its flocculant mining business to Solenis, a global producer of specialty chemicals for water intensive industries, including the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets.

Port Hawkesbury Paper has chosen Valmet to deliver a condition monitoring solution for its supercalendered paper mill in Nova Scotia, Canada.

The new system is planned to be taken into operation during the fourth quarter of 2025.

The start-up is scheduled for 2026.

Valmet's website, valmet.com, has reached the top position in Finland in the Comprend Webranking 2024.

Ahlstrom, a global leader in fiber-based specialty materials, has joined the World Business Council for Sustainable Development (WBCSD), a global organization committed to accelerating the transition to a sustainable world.

DS Smith, a leading fiber-based packaging manufacturer, announced today that its Spanish-language interpreters program has been awarded a prestigious Better Practices, Better Planet 2030 Sustainability Award from the American Forest & Paper Association (AF&PA).

Company invests in additional manufacturing lines, introduces new unpadded mailer styles.

In July 2024, weeks before the start of school for millions of children and young adults across the country, nine Georgia-Pacific mechanics from six facilities, including the Rome Lumber mill in Georgia and the Sweetwater Complex in Texas, went back to the classroom at partner Yancey Bros. Co.'s headquarters in Austell, Georgia.

The iconic pizza brand and one of its key pizza box suppliers want customers to know that pizza boxes can be recycled.

New Protective Mailers, created jointly by Mondi and Amazon, won the eCommerce category E-Commerce of the Sustainable Packaging Summit 2024.

Sappi North America is pleased to announce that Sappi Limited has been ranked 7th globally and is one of only four South African firms recognized in the 2024 list of World's Top Companies for Women by Forbes Magazine and Statista.

KraftPal Technologies, a leader in sustainable pallet solutions, is proud to announce its strategic partnership with Orora Packaging Solutions to deliver its innovative corrugated pallets to Orora's wide customer base across the U.S.

Suzano, one the world's largest producers of bio-based raw materials, is establishing a long-term initiative with Jesus College Cambridge and the University of Cambridge. An initial £10 million donation will be used to support education and research into areas including the conservation of biodiversity, enhancing business sustainability, and the restoration of natural habitats in Brazil and beyond.

Kruger Inc. announced a $23.75 million investment in an innovative demonstration project for carbon capture and reuse at its Wayagamack Mill in Trois-Rivières, Canada.

Over 250 representatives from leading manufacturers across Poland are expected to join discussions on the future of packaging at Mondi Warsaw customer event.

Rayonier Advanced Materials Inc., the global leader in High Purity Cellulose, announced it has raised a €67 million in green capital.

Ahlstrom has completed the divestment of its Aspa pulp mill to Sweden Timber. The transaction was announced on 14 October 2024.

As part of Antalis' drive to broaden its product portfolio and strengthen its presence in the visual communication market in France, the distributor has acquired Poitoo Adhésifs.

Transformation of Non-Core "Corporate Orphan" into Strong, Standalone Business Creates Excellent Outcome for Iconex Associates and Atlas Investors.

Four separate transactions comprising ~91,000 acres in Oklahoma and ~109,000 acres in Washington.

The transaction covers the entire operations of the German company in Poland.

Stora Enso has signed an agreement to divest its real estate of the Sunila site in Kotka, Finland, to AALTO Development Oy. AALTO Development is a Finnish, privately-owned property development company focusing on high-quality architecture and urban planning.

The forest industry company Stora Enso aims to sell its forest assets at least at the book value, writes Dagens industri (Di), which has taken part of information.

Veritiv Operating Company, a leader in specialty packaging distribution, announced today that it has acquired substantially all the assets of PAX Global, a distributor and converter of custom packaging products with annual revenues of approximately $45 million.

Mondi, a global leader in sustainable packaging and paper, has opened a ground-breaking hub in Germany for co-creating flexible packaging solutions that will shape the future.

SCA appoints Petteri Kalela as the new head of the Containerboard and Pulp business areas and member of the executive management team.

Hossain to replace Russell Hagen, who is retiring at the end of 2024.

Ahlstrom, a global leader in fiber-based specialty materials, is proud to announce that its near and long-term science-based emissions reduction targets have been approved, and net-zero science-based target by 2050 has been verified by the Science Based Targets initiative (SBTi).

Arctic Paper S.A. has signed an agreement for the acquisition of an existing solar park close to Warsaw. The plant in Garwolin in the Masovian area has an output of 4 MW.

BTG Pactual TIG Marks Significant Progress Towards $1 Billion Target to Restore Degraded Land and Promote Sustainable Forestry Across Latin America.

Huhtamäki Oyj has signed a EUR 450 million sustainability-linked syndicated multi-currency revolving credit facility loan agreement ("RCF") with a maturity of five (5) years.

A range of energy efficiency measures are contributing to progress towards achieving 2030 emission reduction targets.

Rottneros continues to sell emission allowances. In addition to the sales in September, which the Group reported on in the report for the Q3 2024, emission allowances for SEK 44 million ($4 million) have so far been sold in the Q4.

Reports of fish either dead or in distress along the Jackson River near the Pool in Covington have raised alarms among environmentalists and locals, with initial indications pointing to a possible chemical spill from the Smurfit-WestRock mill.

UPM Timber has been awarded Timber Development UK's (TDUK) Sustainability Award. The Sustainability Award recognises a company that shows leadership in push for net zero emissions. TDUK is the largest, most comprehensive supply chain body for timber in the UK, with a mission to unite the supply chain, from sawmill to specifier, and to support a sustainable, net zero timber industry.

Firefighters were on the scene for three hours to put out the fire and hotspots that developed.

The man was identified as John Scerbik of Yakima. Yakima County Chief Deputy Coroner Marshall Slight said the forklift went over an embankment and flipped, crushing Scerbik underneath it.