Recent Articles

A truck driver was killed after strong winds from Sunday afternoon's storms caused his trailer and cab to overturn.

As a result, the transaction is now expected to close on April 1, 2025.

UPM Plywood and the Industrial Union have failed to reach an agreement on a new employer-specific collective agreement. The union rejected the mediator's settlement proposal, and the five-week strike at UPM Plywood mills in Finland continues.

Setra Group will make a transition from continuous production to periodic production of cross-laminated timber (CLT) and wood components at the facility in Långshyttan, Dalarna, Sweden. This adjustment, aimed at ensuring long-term financial stability, will result in layoff notices being issued to around 60 employees.

The Euro 7.1 million investment completed with cutting-edge technology aims to elevate Saica Flex's operations and support the group's rapid growth, marking a pivotal milestone in the division's journey towards enhanced production and sustainability.

Crew says the fire was fully contained in about 80 minutes. No injuries were reported in the event of the fire.

Final preparations at the production site are ongoing, and the project budget remains unchanged.

Shreveport Fire Department (SFD) continued to rotate crews in and out every three hours Sunday (March 16), a day after a three-alarm fire involving 9,500 tons of paper erupted at a Pratt Industries recycling facility at the Port of Caddo-Bossier.

Stora Enso's new consumer packaging board line at the Oulu site in Finland has started production ramp-up. The first customer deliveries are expected in the second quarter of 2025.

The Government of Canada has announced an investment exceeding $20 million to support 67 projects aimed at strengthening British Columbia's forest sector. The funding, unveiled by Minister Jonathan Wilkinson, will enhance competitiveness, sustainability, and resilience in the industry.

British Columbia has committed more than $97 million to support forestry-sector manufacturers through the BC Manufacturing Jobs Fund (BCMJF), contributing to the protection of over 3,500 jobs and attracting $680 million in private investment.

An employee at an Appleton-based paper company died on Wednesday, March 12 after a workplace accident.

I recently attended a seminar that presented data on privately owned versus publicly traded pulp and paper companies. The conclusion was that publicly traded companies are poorer performers, less well maintained and have more of a chance of being obsolete than privately held companies.

The PM40 closed Friday, 28 March 2025, at 5488.

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 28 March 2025 down 5.4% from the 28 March 2024 level.

In this issue of Disconnected Comparisons, we evaluate Smurfit Westrock and Universal Forest Products.

Last week, Rottneros issued a profit warning due to rising raw material prices, the world market's declining demand for mechanical pulp and an increasingly weaker dollar exchange rate. The Group is now giving notice of redundancy for 47 people, most of those affected are working at Rottneros Mill in Sunne.

Looking further ahead to 2027, International Paper predicts its free cash flow to be in the range of $2 billion to $2.5 billion.

U.S. President Donald Trump's tariff threat could motivate more Canadian lumber producers to shift to the U.S. southern border while accelerating efforts to find new markets, industry experts said.

The US president's proposal to increase domestic lumber production by expanding logging on federal lands faces major obstacles, including labor shortages, infrastructure deficiencies, and investment risks.

Nordic Paper is currently reviewing options for its long term financing. Due to this, the Board of Directors of Nordic Paper has decided to propose no dividend for the financial year 2024 to the Annual General Meeting to be held on 28 May 2025.

Under this first-of-its-kind agreement, HolyPoly, a specialist in the recycling of post-consumer plastic waste, has been licensed by ANDRITZ to collect used paper machine clothing (PMC) from paper mills and recycle it.

Introduced in 2024, Valmet DNAe takes a modern and proactive approach to cybersecurity, enabling companies to effectively prevent and respond to evolving cyber threats.

Valmet's new premises in Tikkurila, Vantaa, have been completed. Nearly 700 Valmet employees in Finland, mainly from Järvenpää and partly from Vantaa's Hakkila office, have moved into the new premises in early spring.

The implementation of the expansion project will begin in 2026.