Recent Articles

BASF and the fine chemical company DIC have reached an agreement on the acquisition of BASF's global pigments business.

Stora Enso has appointed Annette Stube as EVP, Head of Sustainability and a member of the Group Leadership Team. She will start on 1 September 2020.

Reported insider trading since the last issue of PaperMoney.

Mill Rock Packaging Partners

Lancaster, Pa.-based Intellicor Communications purchased the assets of the former Cadmus operations in Lancaster, Pa., and in Hurlock, Md., from Cenveo Worldwide on Aug. 8 -- effectively marking the final chapter for the storied Cadmus Communications name in the printing industry.

The company will cease operations at the plant and let go of all 24 of the plant's employees on or around September 30.

Corner Brook Pulp and Paper Ltd. resumed operations on Monday following a week-long production shutdown for maintenance.

Several fire crews responded after a fire broke out at Roseburg Forest Products in Medford on Aug. 11 around 4:50 am.

Mohawk has used this time to review our strategic goals and future vision for the company. As we look to celebrate our 90-year anniversary in 2021, we will be going back to our roots to focus on what we do best: making the most enduring and beautiful papers in the world.

Verso says it has entered into an equipment purchase agreement with Halkali Kagit Karton Sanayi ve Tic. A.S., a company organized under the laws of Turkey, whereby Verso agreed to sell, and the purchaser agreed to purchase, certain equipment at Verso's Luke Mill, primarily including two paper machines.

Per the agreement, the Partnership will purchase approximately 17.4 million partnership units from International Paper for $250 million. As a result, Graphic Packaging's ownership interest in the Partnership will increase from approximately 81.1% to 85.5%.

In an earnings call with investors and industry analysts, Verso President and CEO Adam St. John didn't offer great hope that the company will resume production at its Duluth mill anytime soon, if ever.

Domtar Corp. announced Friday (Aug. 7) it would permanently shutter its paper machine operations at its Ashdown plant to save $200 million by 2021. The South-Carolina based company will transition its Ashdown operations to softwood and fluff pulp production.

Domtar Corp. has announced it will permanently close its Port Huron paper mill, which employs nearly 200 employees.

Domtar announced in a quarterly report that it is shutting down uncoated freesheet manufacturing at the Kingsport Mill. The mill has been idle since April 2020 and will not recommence operations. The layoff has impacted more than 300 people.

Packaging Corporation of America may spend up to $170 million to move from South 21st Street in Newark, Ohio to build a new, larger facility on a Thornwood Drive site once considered for an ethanol plant.

Many people in Wisconsin Rapids are without a job Monday night after the Verso Paper Mill shut down production. Other Verso workers know their job there has an expiration date.

A small fire in the roof of Battle Creek's Graphic Packaging facility is believed to have been started by an electrical issue.

Sonoco announced it has acquired Can Packaging, a privately owned designer and manufacturer of sustainable paper packaging and related manufacturing equipment, based in Habsheim, France, for total consideration of €41.7 million, or approximately $49 million.

Mercer International has offered a $26 million stalking horse bid for bankrupt lumber producer Klausner Lumber One LLC's assets up for sale in an upcoming bankruptcy auction.

The town of Lawrence heard public comments about rezoning land from agricultural to industrial, which would pave the way for Georgia Pacific to build a 90-acre warehouse and most residents are opposed.

Enviva Partners, LP announced the completion of its previously announced acquisition of a world-class, industrial scale wood pellet production plant in Waycross, Georgia, and associated contracted terminal capacity in Savannah, Georgia.

Interfor's Board of Directors appointed Rick Pozzebon as Senior Vice-President & CFO, effective August 6, 2020. Mr. Pozzebon joined Interfor in January 2014. As Vice President, Corporate Controller, he has led the company's corporate finance and tax functions.

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 Elis Olsson, who was inducted into the Hall of Fame in 1995.

The PM40 closed Friday, 14 August 2020, at 3102.

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