Recent Articles

Reported insider trading since the last issue of PaperMoney.

Paperitalo Publications CEO Jim Thompson has been calling mills this morning (15 Feb 21) and found general reports of widespread abnormal conditions due to the extremely cold weather. If the mills can get natural gas, they are slowed down, just trying to keep the mills from freezing up. Spot natural gas prices are as high as $300/mmBtu and purchased electricity is on curtailment in many places.

Port Huron's mill as well three other Domtar facilities in the US are expected to close in the first quarter of 2021, affecting 780 employees in total./span>

International Paper has entered into an agreement to sell the Kwidzyn pulp and paper mill and supporting operations to Mayr-Melnhof Karton AG for €670 million (approximately $812 million) in cash, subject to closing adjustments for net debt and net working capital.

Installation of the boilers will be commenced next as the Company will soon participate in the bidding process for urban central heating projects.

Rengo Co., Ltd. enters into a memorandum of understanding with Taiko Paper Mfg., Ltd. (TPM) to consider supporting the business reconstruction of TPM. TPM filed an application to commence corporate reorganization proceedings in the Tokyo District Court, Japan.

The development programme will increase the mill's annual paperboard capacity by approximately 40,000 tonnes.

J.D. Irving, Limited is working and cooperating fully with NB Public Health regarding five cases of COVID-19 identified at the company's sawmill at St. Leonard, NB.

Interfor Corporation announced that it has reached an agreement with WestRock Company to acquire its sawmill located in Summerville, South Carolina (the "Summerville Mill") for cash consideration of US$59 million.

SCA has decided to invest SEK 1.45 billion in the production of chemically pretreated thermomechanical pulp on the Ortviken industry site.

Paper Excellence has recently invested more than $600,000 in engineering and consulting work focused on restarting the Prince Albert pulp mill. Paper Excellence originally purchased the Prince Albert pulp mill in 2011. It now plans to restart the facility as soon as possible once the current non-compete agreement with the former owner expires in March 2021.

No one was injured after a forklift hit a column, causing the roof collapse. Everyone was safely accounted for upon arrival of the Beloit Fire Department. However, the building sustained massive damage.

Pinnacle Renewable Energy Inc. has entered into an arrangement agreement with Drax Group plc and its wholly-owned subsidiary, Drax Canadian Holdings Inc., pursuant to which Drax will acquire all of the issued and outstanding common shares of Pinnacle in an all-cash transaction valued at C$831 million, including the assumption of net debt and Pinnacle's non-controlling interests in its joint ventures.

As a result of this incident, shipments from some of the Company's facilities have lagged production levels. This gap is closing quickly as systems are restored.

A cooperative formed after the closure of Verso's paper mill has toured the facility and filed a letter of intent to purchase the Wisconsin Rapids mill, State Rep. Scott Krug, R-Nekoosa, told the Wisconsin Rapids Together Task Force.

Cosmo Specialty Fibers, a specialty pulp mill in Cosmopolis, celebrated a major step last Wednesday toward returning to full operations after an eight-month shutdown caused by overseas market declines due to the COVID-19 pandemic.

In a fourth quarter earnings call on Feb. 2, 2021, Graphic Packaging International announced it would invest $100 million at its mill in Texarkana, Texas.

Atlantic Printing & Graphics has a legacy of meeting our customers needs and growing right alongside them. As our customers' product lines gain in popularity, we've been able to expand our capacity to stay right in step with them.

International Paper Company announced the election of Anton V. Vincent to its Board of Directors effective March 1, 2021.

Before the pandemic, Resolute was considering teleworking for its head office employees, explains Yves Laflamme, CEO of the company. "We wanted to do a pilot project, but since the start of the pandemic, we have had our pilot project. We are 100% teleworking and it still works well, "he said.

Mohawk Industries, Inc. announced the appointment of James F. Brunk as CFO, effective April 1, 2021.

Avery Dennison said it has agreed to acquire JDC Solutions, Inc., a privately owned manufacturer of pressure-sensitive specialty tapes headquartered in Mount Juliet, Tennessee, for the purchase price of $24 million.

Ox Industries has acquired Corex US, LLC. The Corex facility, located in Stevens Point, Wisconsin is a manufacturer of spiral wound tubes and cores customized for any application. This facility adds high strength paper core production technology for plastic film and paper mills to the Ox converted product line.

Pixelle Specialty Solutions LLC, a leading manufacturer of specialty papers in North America, has signed a definitive agreement to acquire the carbonless rolls and security papers business of Appvion Operations, Inc.

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 140 papermaking innovators and legends have been enshrined. This month, we profile the late Theodore Clifford Kennedy, who was inducted into the Hall of Fame in 2008.