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The PM40 closed Friday, 29 November 2024, at 6030.

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 29 November 2024 up 15.7% from the 1 December 2023 level.

In this issue of Disconnected Comparisons, we evaluate Mercer International and PCA.

Reported insider trading since the last issue of PaperMoney.

When I wrote this column last month, we were on the cusp of the US presidential election. The outcome was not known, and everyone was holding their breath. Now we know the answer and we think we know some of the outcomes this answer may bring us, but as usual, nothing is certain.

Customers set to gain further technology insights and industry perspectives from the sustainability-focused reports.

Industrikraft is a new company formed before the summer on the initiative of Alfa Laval, Boliden, SKF, Stora Enso and the Volvo Group, to support the expansion of the Swedish electricity supply. Today, AFRY joins as an equal shareholder, together with a number of other companies.

ANDRITZ has developed the PrimeDry HotAir Box, an innovative solution that enables tissue producers to reduce energy consumption and CO₂ emissions while increasing machine efficiency.

The shutdown and restart of PM 1 are scheduled for the Q1 2026.

The Tornado pulper is a high-shear pulper capable of both tearing and fibrillating fibrous materials.

Kemira's change negotiations initiated on October 14, 2024 have concluded. As a result of the negotiations 23 employees will be made redundant.

The project's duration is approximately one year, with the installation planned to take place at the end of 2025.

Amcor, a global leader in developing and producing responsible packaging solutions has been recognized by the 35th Packaging Innovation Awards (PIA) for its AmPrima® Plus solution for coffee.

Huhtamäki Oyj is thrilled to announce that Huhtamaki won two prestigious awards at the IFCA STAR 2024 in India for our Pressure-Sensitive Label solutions with "Security Feature" and "Metallic and Sensory Appeal."

The report highlights Mativ's progress in sustainability, safety, and other key ESG priorities.

Metsä Board, the leading European producer of premium fresh fibre paperboards, has launched a new solution to enhance and simplify the recycling process for packaging materials customers receive as part of Metsä Board product deliveries.

Damaged deliveries dampen spirits ahead of busy holiday shopping season.

The grants, distributed through the Rayonier Community Fund, will support a wide range of vital programs including educational, environmental, cultural, civic, and health and human services initiatives.

Smurfit Westrock is proud to announce the launch of its latest pioneering innovation, the EasySplit Bag-in-Box® design which was specifically developed to meet the upcoming requirements of the Packaging and Packaging Waste Regulation (PPWR).

The Notes were offered in a private placement and there was no public offering of the Notes.

Amcor, a global leader in developing and producing responsible packaging solutions, announced it has signed a Memorandum of Understanding (MOU) with U.K.-based technology pioneers, Power Roll Limited. Amcor and Power Roll's collaboration aims to revolutionize solar-powered energy by developing a lightweight solar photovoltaic film that can deliver a low-cost alternative to silicon solar panels.

Spinnova has pressed pause on the production plant currently being developed in partnership with Suzano. The Finnish textile fiber firm reported a delay in "reaching the targeted process metrics" (see: cost) needed to enter the next phase of building.

Michael Robinson, 41, pleaded guilty to the charge before his jury trial. According to court records, he told his family member, who works at Pratt Industries, that he would bring an AK-47 there, shoot up the place and "come bang on the ... door and beat her ..."

The German Federal Cartel office has started an inspection on Metsä Tissue, a subsidiary of Metsä Group, related to hygiene papers.

Saica is considering building and operating a recycled paper mill facility at the northeast corner of Little Richmond and Olive roads in northwest Dayton, just south of Trotwood, that could employ about 230 full-time workers, say documents submitted to the city. The site has recently been used for agricultural purposes.

The investment will enhance operations at the company's sites in Füzesabony, Nagykáta, and Győr, with completion expected by April 2026.

Huhtamaki´s site in Lurgan, Northern Ireland, marked a major milestone recently with the official opening of its smooth molded fiber (SMF) lid production line.

Irving Tissue said it needs to expand in Macon because the mill is currently selling all the bath tissue and paper towels it can make. The privately held firm will add a third paper machine, increasing output by 50%.

Metsä Board is advancing with its significant investment to modernise the Simpele folding boxboard mill, focused on further enhancing product quality, production efficiency, and reducing the carbon footprint of its operations and products.

Announces strategic investment to build new TimberStrand® facility in Arkansas.

Opposition MPs are expressing concern that after buying up two major Canadian companies, the foreign owner of one of Canada's biggest forestry businesses is now also formally taking over an Indonesian-Chinese pulp and paper conglomerate from his family -- a company he has long denied operating in tandem with.

Jackson Wijaya currently owns dozens of pulp and paper mills across Canada, the U.S., Brazil and Europe under the Domtar Group -- formally known as Paper Excellence until it rebranded last month. Wijaya's intention to take direct control over Asia Pulp & Paper (APP), an Indonesian and Chinese-based multinational currently owned by his father, was confirmed in an official notice from the European Commission.

U.S.-based International Paper's 5.8-billion-pound ($7.29 billion) bid for British packaging firm DS Smith will be decided by EU antitrust regulators by Jan. 10, a European Commission filing showed on Tuesday.

Magnera is formed from the spinoff and merger of Berry's HHNF Business with Glatfelter.

KCL is pleased to announce the acquisition of advanced biocomposite manufacturing equipment from UPM, which announced in August that it is withdrawing from the production of biocomposite products. This strategic purchase will enable KCL to commence the production of innovative biocomposite materials, enhancing our service business and supporting our commitment to sustainability.

Lecta has announced the spin-off of its self-adhesives business unit from Torraspapel S.A.U. This spin-off will be effective as of January 1, 2025.

Switzerland-based Amcor Plc on Tuesday agreed to buy U.S. peer Berry Global for $8.43 billion in stock, creating a company with a strong presence across the consumer and healthcare packaging markets.

Essity is expanding its production of athletics tape by investing in a new production line for Leukotape K. The investment enables a significant increase in production capacity to meet the growing global demand.

The mill will continue producing pulp.

UFP Packaging announced the opening of its 10,000-square-foot Packaging Design and Development Center (DDC) at its Newnan, Ga., facility.

The number of positions affected is 154.

Job ads on toilet paper

The Government of Newfoundland and Labrador announced that an agreement has been extended between Newfoundland and Labrador Hydro (Hydro) and Kruger's Corner Brook Pulp and Paper Limited.

This shift is part of the company's strategic Lean Supply Chain programme aiming for efficient and lean value proposition to local markets.

Canada will keep tabs on promises made by Paper Excellence, Natural Resources minister says.

The Smurfit Westrock paper mill in Longview, Washington, 'likely contributed' to the pungent stench that wafted through southwest Washington and northwest Oregon in September, the Washington State Department of Ecology determined.

As part of its efforts to achieve its climate goal of net zero emissions of fossil greenhouse gases by 2040, Södra's first electric truck is on the road. Part of a pilot project, the truck will be entirely dedicated to transporting fossil-free deliveries of pulp from Värö to port terminals in Gothenburg and Varberg.

Twelve units and 60 firefighters were able to bring the fire under control just after 8 p.m., said the FDNY. EMS units were also on scene.

LP Building Solutions (LP), a leading manufacturer of high-performance building products, announced the appointment of Leslie Davis to Vice President, Controller and Chief Accounting Officer, effective immediately.

Officials say no injuries or fatalities were reported.

Mondi, a global leader in sustainable packaging and paper, has announced the start-up of its new extrusion line at Mondi Coating Štĕti (Czech Republic), marking another milestone in the Group's commitment to support customers in their transition to sustainable solutions.

A fire at the Dryden Fibre Canada mill was extinguished and the scene cleared in just over an hour.

Industry veteran steps into Chief Client Strategy and Integration Officer role, reinforcing the marketing experience company's client-centric focus.

Approximately 1,600 employees were included in the scope of the change negotiations. As a result of the negotiations, a reduction of a maximum of 88 positions will take place.