Recent Articles

DS Smith PLC, the leading global sustainable fiber-based packaging company and Coca-Cola HBC Austria have collaborated to replace plastic handles for 1.5 liter PET soft drink multi-packs with cardboard based outer packaging. This new plastic replacement solution will be delivered to supermarkets in Austria as of September 2023.

The ND Paper mill, located along the Penobscot River in Old Town, was recently fined a sum of $101,400. It was put in place by the Department of Environmental Protection for a 2020 chemical spill which resulted in vast environmental damages.

The delivery will take place in March 2024.

Coca-Cola HBC Austria and Mondi partnered to create an innovative paper sleeve that tightly wraps and secures bottle bundles during transit.

Molpus has expanded the Molpus Woodlands Group Annual Scholarship Program to help bring further diversity to the forestry management profession. Through a partnership with five new universities, the expansion is increasing Molpus's program to ten universities located throughout the timber growing regions of the U.S.

Tetra Pak is pleased to announce the first Custom Printing collaboration.

SCA has been nominated for the German National Sustainability Award, Deutscher Nachhaltigkeitspreis, which is presented in collaboration with the German federal government and several prominent organizations. The award ceremony will take place on Thursday, November 23, 2023, in Düsseldorf.

Mondi and Robopac team up to offer a paper stretch wrapping solution, substituting unnecessary plastic.

As part of this collaboration design concepts have been developed that have the potential to disrupt traditional product concepts and trigger transformative designs enable sufficiency, recyclability and reuse as well as the substitution of fossil materials.

A wide range of UPM Specialty Papers' label papers have been certified as industrially and home compostable, helping brand owners and label converters meet their target of prioritizing materials with a sustainable end of life.

With a solid action plan and ambitious targets to reduce its carbon footprint by 2030.

Company expands line of recyclable mailers to meet needs of e-commerce companies.

RRD's new single-pass digital press installation can reduce time-to-market by 25%, maximize color spectrum, and support sustainability efforts on retail displays, signage and more.

Reported insider trading since the last issue of PaperMoney.

Aki Temmes has been appointed Executive Vice President responsible for UPM Fibres Business Area as of 1 December 2023. He will report to Jussi Pesonen, President and CEO and be based in Helsinki, Finland.

With deep expertise in finance, strategy, accounting, treasury, and risk management, Mr. Nunziata brings more than 20 years of strong leadership experience with a track record for implementing enterprise-wide changes and driving key financial and process improvements in large-scale organizations.

Mikko Antsalo has been appointed Metsä Fibre's Senior Vice President, Sales and Customership, and a member of Metsä Fibre's Management Team as of 1 March 2024.

PotlatchDeltic Corporation announced the appointment of Wayne Wasechek as Vice President, Chief Financial Officer, effective immediately. Wasechek has served as Interim Vice President, Chief Financial Officer and Chief Accounting Officer, since April 19, 2023.

President and CEO Henrik Hjalmarsson has decided to leave Inwido to take on the position of President and CEO in another business.

Sustana, a manufacturer of premium, sustainable recycled fiber and paper products, announces the appointment of Aaron Ling to Director of Sustainability. In this role Aaron will be responsible for driving the implementation of Sustana's ESG initiatives and supporting the development of the group's sustainability strategy.

Antti Koulumies, M.Sc. (Eng.), has been appointed Senior Vice President, Timber and Forest. Koulumies will take the leadership of UPM Forest and continue to lead UPM Timber. The current leader of UPM Forest Sauli Brander, B.Sc. (Eng.), eMBA, has been appointed Vice President, UPM Global Forest Affairs. He will focus on global forest advocacy as well as global forestry themes, such as climate-positive forestry and biodiversity.

These actions would reduce the number of employees by approximately 1,150. The parts of the change negotiations completed so far, will result in a reduction of 710 employees.

The Board of Directors of Norske Skog ASA has appointed Geir Drangsland as the new CEO as of 1 September. Drangsland succeeds Tore Hansesætre, who has decided to leave Norske Skog after more than 14 years in the company.

Metsä Wood and construction company SRV have signed an agreement for the construction of Metsä Wood's new Kerto LVL mill in Äänekoski, Finland. SRV will be the main contractor for the project, which will be carried out as a cooperative project management contract. Preparations for construction will begin immediately.

SCA and Persson Invest began their collaboration around Gällö Timber and the sawmill in Gällö, Jämtland in 2010. Since 2010, significant investments have been made in the sawmill to develop its operations and strengthen its competitiveness. Today, the sawmill has 115 employees and a capacity of 370,000 cubic meters of sawn timber.