Recent Articles

The United Steelworkers (USW), representing more than 14,000 workers in the forestry sector, are welcoming recent changes to Employment Insurance (EI) that will make it easier for workers to access benefits - at least in the short term.

Georgia-Pacific announced that it is now accepting mixed paper bales that contain single-use polyethylene (PE)-coated paper cups at its recycled paper mills in Green Bay, Wisconsin, and Muskogee, Oklahoma.

Let's see if Greenpeace pipes up again...

Reported insider trading since the last issue of PaperMoney.

With a $180 million investment, Graphic Packaging has consolidated two facilities and three offsite warehouses into one of the most productive and largest folding carton operations in the world.

CJK Group, Inc. announced that it has acquired content services business Cenveo Publisher Services and Cenveo Learning from Cenveo Worldwide Limited, and will be merging them with its own content business Sheridan Journal Services and hosting platform Sheridan PubFactory to form KnowledgeWorks Global Ltd. (KGL).

Brazilian state development bank BNDES has hired JPMorgan Chase & Co to manage a share offering to sell its 11% stake in pulpmaker Suzano SA, two sources familiar with the matter said.

Saica Pack has established a new maintenance facility for its Fresh Pack customers.

The annual maintenance shutdown of Metsä Fiber's Kemi mill in Finland integrate will take place during week 38 (14-20 September).

A comprehensive examination of the framework conditions has shown that it is not possible to continue production on the board machine in Hirschwang an der Rax, Lower Austria, economically.

Stora Enso has decided to invest approximately EUR 79 million in a new production line for cross laminated timber (CLT) at its Ždírec sawmill in the Czech Republic. The investment will further enhance Stora Enso's position as a global provider of high-quality engineered wooden elements and as a market leader in CLT.

Kimberly-Clark Corporation announced that it has entered into a definitive agreement to acquire Softex Indonesia, a leader in the fast-growing Indonesian personal care market, in an all-cash transaction for approximately $1.2 billion from a group of shareholders including CVC Capital Partners Asia Pacific IV.

LSC Communications, formerly known as Courier Kendallville, was adding multi-million-dollar expansions to the city as soon as three years ago. Now, the plant is expected to permanently close, with employee terminations starting on Oct. 1 and expected to be completed just before Christmas.

Mondi, a global leader in packaging and paper, has successfully completed the installation of major new equipment at its corrugated box production plant in Szczecin, Poland to meet growing e-commerce demand.

The company is purchasing approximately 85,000 acres of timberlands in mid-coastal Oregon in one transaction, and selling 149,000 acres of timberlands in southern Oregon in a second transaction. The net cost of these two separate transactions is approximately $40 million in cash.

International Paper Co. says it will invest $175 million during the next 10 years in its Eastover mill.

Growing consumption and demand for more sustainable packaging is boosting the need for new innovations. To develop solutions for packaging today and into the future, Metsä Board, part of Metsä Group, has started up operations in its new Excellence Centre at the unique bioeconomy site in Äänekoski, Finland.

Further to Canfor Corporation's announcement on June 17, 2020, its 70%- owned subsidiary, Vida Group, has completed the purchase of three sawmills located in Sweden from Bergs Timber.

Metsä Spring has appointed Annariikka Roselli, Doctor of Science (Tech.), as Development Manager. She will be responsible for the area of wood-based textile fibres at Metsä Spring, focusing especially on R&D-related matters.

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 Lothar Göttsching, who was inducted into the Hall of Fame in 2007.

The PM40 closed Saturday, 12 September 2020, at 2992.

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 12 September 2020 up 1.7% from the 13 September 2019 level.

In this issue of Disconnected Comparisons, we evaluate Kimberly-Clark and 3M.

Paper Excellence is offering a $6.2 million loan to its subsidiary, which is designated to cover its obligations to laid off unionized, non-unionized and retired employees.

Port Hawkesbury Paper, located in Point Tupper, is charged with three violations of the regulations that were alleged to have occurred between January and March 2019.