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When purchasing large capital equipment, do you think buyers lie to you to get a better price?

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 Matti Kankaanpää, who was inducted into the Hall of Fame in 2003.

The PM40 closed Friday, 17 October 2025, at 5205.

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 17 October 2025 down 12.1% from the 18 October 2024 level.

In this issue of Disconnected Comparisons, we evaluate Rayonier Advanced Materials and Kimberly-Clark.

Interfor Corporation plans to cut lumber production by approximately 250 million board feet in the fourth quarter of 2025, a 26% decrease from the 936 million board feet produced in the second quarter. The new figure increases the company's previously announced plan from which targeted a reduction of approximately 145 million board feet between September and December, representing a 12% decrease from normal operating levels.

Trump imposes additional 10% tariff on lumber, 25% on wood products.

Demand for packaging has not become worse, nor has it become better, Mondi CEO Andrew King told analysts, adding that weakness in fine paper has persisted, with competitors fighting for share in a shrinking market.

Start-up is scheduled for the Q4 2026.

Project supports DS Smith's £50 million investment aimed at boosting efficiency, reliability and sustainability.

Valmet will deliver a new evaporation line to Altri Biotek mill in Portugal. This delivery is part of Altri's EUR 75 million project to convert the Biotek mill to produce dissolving pulp for textile industry. The new evaporation line significantly improves the mill's energy and water efficiency, meeting the needs of Altri's mill expansion.

Maflex presents HUB - Help, Updates & Booklets - the digital platform designed for those who work every day with Maflex equipment. A single environment to access everything you need: support, manuals, original spare parts, 3D views, technical drawings, and machine data.

Ecowipes, a manufacturer of nonwoven wipes, successfully commissions the WLM 2 line supplied by Voith.

Founded in 1924, Clyde Industries is recognized for its highly engineered boiler efficiency and cleaning system technologies that improve performance, reduce operational costs, and support customer sustainability initiatives in critical industrial markets, including energy, pulp and paper, and general industry.

Nippon Dynawave Packaging says it is working to appeal a canceled U.S. Department of Energy grant worth more than $46 million to help the Longview plant switch to an emerging filtration technology to reduce the energy used in its production process.

The Trump Administration's executive orders cut across dozens of industries. This searchable tool breaks down the orders and their impact.

The reduction of personnel is 220.

Remaining focused on its vision of sustainable economic development, Kruger is on track to develop a new storage facility that will position Trois-Rivières as a major circular economy hub in Québec. Over the coming months, the Kruger Recycling Division will leverage the $16-M project to consolidate its collection and storage operations at its new site on chemin des Petites-Terres, in Trois-Rivières' Pointe-du-Lac district, near Kruger Packaging's Containerboard Mill, which is Québec's leading paper and paperboard recycler.

Greif, Inc., a global leader in industrial packaging products and services, announced that it has completed the previously announced sale of its timberlands business to Molpus Woodlands Group, on behalf of clients, for approximately $462 million after adjustments.

Ahlstrom, a global leader in sustainable fiber-based specialty materials, announces that it has completed the divestment of its abrasives business unit to Munksjö. The transaction marks a key step on Ahlstrom's transformation journey to become the preferred sustainable specialty materials company.

The company is purchasing new equipment that will convert flat container board into corrugated boxes. This expansion will increase efficiency within the facility, improve production capacity by 50% and enable the production of larger corrugated boxes.

The Molpus Woodlands Group, LLC (Molpus), a leading timberland investment management organization, has, on behalf of its clients, successfully purchased approximately 173,000 acres of timberland in Alabama, Louisiana, and Mississippi combined.

According to the WARN notice, 60 workers will be impacted by the closure, which will take effect December 1.

The change negotiations concern a total of slightly more than 2,000 employees. Possible measures could include redundancies and reorganisation of tasks and operations. The estimated need for reductions is up to 315 people, of which 155 are in Finland.

Kap Paper said it has received $50 million in loans from the Ontario government, which helped provide short-term stability. It said it had approached Ottawa for funding, but the timing "doesn't appear to be aligning" for a solution to keep the Kapuskasing mill open.