Recent Articles

The use of face masks during the recent pandemic has justifiably grown to hundreds of millions worldwide. However, masks can easily end up littering public places or natural sites.

SCA increases the price on bleached softwood kraft pulp, NBSK, to $ 960 per tonne.

Sonoco-Alcore S.a.r.l. announced it will raise prices for paper-based tubes and cores by 7%. The increases will be applied individually and depending on product category, effective from shipments beginning on 18 January 2021.

Delaware's Supreme Court has upheld a judge's dismissal of a lawsuit alleging that the DuPont Co. massively downplayed the cost of environmental liabilities imposed on spinoff company Chemours.

Glatfelter Corporation, a leading global supplier of engineered materials, announced today the release of the Company's first sustainability report, Enhancing Everyday Life™...Sustainably.

Recycling Dual offers an innovative and integrated holistic solution to track the entire life cycle of paper, cardboard and carton packaging. The unique solution highlights duplication which can be removed from the supply chain and reduce costs.

E-commerce is booming and this year several sources predict records for the Christmas online shopping.

Södra Cell is increasing the price of its northern bleached softwood kraft (NBSK) pulp in Europe to $960, effective 1 January 2021.

Paper manufacturer Steinbeis produces around 300,000 tons of recycled paper every year. But it is operating in a hotly contested market and to continue offering competitive prices and producing paper sustainably, the company is aiming for cost efficiency through digitalization - with SAP HANA.

WestRock, a leading provider of differentiated paper and packaging solutions, has been named one of 'America's Most Responsible Companies 2021' by Newsweek magazine, recognizing the company's efforts to imagine and deliver on the promise of a sustainable future.

Greif, Inc. announced it has been awarded an A- Leadership ranking for the third year in a row by CDP as part of their annual climate change assessment. CDP operates a global disclosure system for investors, companies, cities, states and regions to manage the impact they make on the environment.

Sonoco, one of the most sustainable, diversified global packaging companies, is pleased to announce it has again been named one of America's Most Responsible Companies by Newsweek. The Company also received an MSCI ESG "A" rating.

Cascades, a leader in eco-friendly recovery, hygiene and packaging solutions, is pleased to continue supporting efforts to fight effects of the pandemic.

Reported insider trading since the last issue of PaperMoney.

Closures, cutbacks and capital projects

UFP Industries announced that its Board of Directors approved an agreement for UFP Industrial, LLC, to purchase 100% of the equity of PalletOne, Inc. for approximately $232 million. This price assumes a cash-free, debt-free balance sheet. UFP also agreed to pay $18 million for PalletOne's recent capital expenditures.

In order to respond to the fast development of the retail business and egg packaging industry in Eastern and Central parts of Russia, the company is setting up a new fiber packaging manufacturing plant at its existing site in Alabuga, Tatarstan.

The investment of EUR 80 million will enhance Stora Enso's production capabilities for premium packaging board.

The new mill would add 2.2 million tonnes of annual pulp capacity to Suzano's operations.

Paper Excellence plans to invest over $13 million at its Port Alberni paper mill in British Columbia, Canada. Detailed engineering for the project will start shortly followed by procurement of needed equipment.

The Mayr-Melnhof Group has reached an agreement to acquire Kotkamills Group Oyj ("Kotkamills") from the previous owners for an enterprise value of around EUR 425 million.

Pixelle Specialty Solutions, the owner of a Jay paper mill where an April 15 industrial explosion led to layoffs of 177 employees, said it plans to continue making paper there but will not rebuild paper-making equipment that was damaged by the blast.

An employee at the Pixelle paper mill in Chillicothe fell Wednesday night on a metal pole.

Preparatory work belonging to the pre-engineering for the Kemi bioproduct mill project of Metsä Fibre continues with new preparation activities in the mill area.

This is part of the ongoing strategic development process to transition the Tasman mill in New Zealand out of standard newprint production.