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Visy had acquired Zenexus, a privately owned supplier and distributor of moving and storage boxes, major brand hardware and retail products. It is one of the largest suppliers to Bunnings (Australia and New Zealand) and the deal will mean additional annual revenues of $170 million for Visy.

Korkiatupa has worked at Metsä Forest in various finance and control positions since 2008.

While there are reports of downtime and diminished warehouse stocks, this past month has recorded the most Capital Spending, by project size and number of projects, than Paperitalo Publications has recorded in its history. Financing costs are high, and demand is down in some key grades. These short-term issues usually drive capital decisions. At least they have for the last fifty plus years. Speculation on the reasons for this anomaly...

The PM40 closed Friday, 2 June 2023, at 4797.

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 Avery Dennison and International Paper.

The PM40 closed 2 June 2023 up 2.1% from the 3 June 2022 level.

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Lazzareschi was recognized for his leadership in technological and personnel investments to enhance Sofidel's sustainability efforts.

The new pulp mill will produce 700,000 tonnes per year and is scheduled to start up at the end of 2024.

The delivery is scheduled for October 2023.

The modernization is possible for most plants worldwide, regardless of manufacturer.

The company had already entrusted Andritzwith major supplies for the pulp mill last year.

Start-up will take place in 2024.

The new machine will produce sack kraft paper.

Valmet will supply consistency measurements to Norske Skog's Golbey mill in France. The new measurements will be implemented in the new stock preparation unit and replace the aged ones from Golbey's PM 1, which is currently being converted from the production of newsprint to the production of recycled containerboard.

Valmet will deliver two fiber line improvement projects to SCA Obbola mill in Sweden. The projects support SCA's earlier investments. The first installations will take place during the mill's spring shutdown in May 2023.

TIPS Industry Solutions and Services combines standard ERP with industry-specific Manufacturing Execution System (MES) and automation, enabling the needed flexibility in business operations.

Kadant Lamort SAS, a subsidiary of Kadant Inc. (NYSE: KAI), and UNIPAKHELLAS S.A., an affiliate of INDEVCO Group, are implementing a new stock preparation system that yields high-quality paper from a wide range of materials while reducing fiber loss and freshwater consumption.

Valmet will deliver a new refiner with chip washer capacity of 28 ton/h to Arauco's new MDF plant located in Zitácuaro, Mexico. The start-up of the system is planned for the last quarter of 2024.

A new investigative report, Pulping Borneo, finds that the Royal Golden Eagle (RGE) Group, the world's largest viscose producer and major paper products company, continues to rely on deforestation in its supply chain despite a high-profile commitment to "No-Deforestation". The report, co-published by five organisations including Greenpeace International, also reveals a chain of offshore shell companies pointing to RGE Group control behind a new mega-scale pulp mill in North Kalimantan, Indonesia, putting some of the world's largest remaining rainforests at risk.

North Carolina Attorney General Josh Stein toured Canton on Wednesday morning. Along with Mayor Zeb Smathers, he walked in the shadow of the soon-to-be shuttered Pactiv Evergreen paper mill. He said Pactiv Evergreen is in violation of a contract it signed for a $12 million state grant promising the plant would stay open through next year. And Stein said the state will enforce its rights under that contract.

Notice comes as Paper Excellence executives grilled by members of Parliament.

Klabin, the largest producer and exporter of paper for packaging and sustainable solutions in paper packaging in Brazil, celebrates this month the 25th anniversary of the first certificate (1998) of excellence in forest management granted by Forest Stewardship Council® (FSC), when it became the first Brazilian company in the pulp and paper sector in the Southern Hemisphere to obtain the seal.

Amcor, Delterra, Mars and P&G jointly announced the launch of a strategic partnership to stem the tide of plastic pollution in the Global South. These global leaders will work together to scale upstream and downstream solutions for a circular plastics economy, jointly committing $6 million USD over five years.