Recent Articles

Valmet will supply Valmet Recovery Boiler Optimizer advanced process control (APC) solution to Asia Symbol (Shandong) Pulp and Paper in China.

Minerals Technologies Inc. announced that it has signed an agreement with Phoenix Paper LLC to re-establish a 35,000 ton per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Wickliffe, Kentucky.

Reported insider trading since the last issue of PaperMoney.

Closures and cutbacks

Green Bay police are saying little about an industrial accident that killed a 52-year-old man at Green Bay Packaging on June 12.

Paper Excellence Canada will be curtailing operations at its pulp mill in Mackenzie.

Clearwater Paper executives acknowledged Monday they don't expect a $160 million upgrade finished in 2017 at their Lewiston facility to save as much money as they anticipated.

Verso Corp. said Tuesday, June 9, that it expects to lay off about 1,000 employees, as it idles idles mills in Duluth, Minnesota and Wisconsin Rapids, Wisconsin this summer, given the accelerated decline in demand for graphic paper given the COVID-19 pandemic.

A small fire occurred Thursday afternoon, June 4, at Roseburg Forest Products in Coquille, Oregon.

Welch Packaging, a multi-site family-owned business concentrated in the Midwest, has acquired Excel Display and Packaging, a supplier of retail packaging, displays, and food packaging along with digital print capabilities located in Aurora, Illinois.

UFP Industries, Inc. announced that fire partially damaged its facility in Ashburn, Georgia, during the early morning hours of June 3, 2020.

The Board of Södra has appointed Lotta Lyrå as new President and CEO. She will take office this year and thereby replace CFO Peter Karlsson, who has been Interim President since 20 February this year.

UPM Jyväskylä plywood mill employs 167 people.

Mercer International Inc. reports that its Celgar mill, in addition to regularly planned maintenance downtime of five days, will be taking approximately 30 days of additional downtime (aggregate 52,000 ADMTs) in July 2020.

The Verso Corp., owner of the Luke Paper Mill, said no offers have been tendered on the property and it is preparing the site for sale to third parties for alternative uses.

Employees at Sappi's Cloquet paper mill are being temporarily laid off in rotations as demand for the mill's products wane amid the COVID-19 pandemic.

Rayonier Advanced Materials Inc. announced that, in working with its lenders under its Senior Secured Credit Agreement, it has entered into an amendment under which, among other changes, the lenders have agreed to relax the financial covenants through 2022.

The value of the investment is approximately Euro 200 million.

Canfor Corporation, further to its announcement on November 9, 2018, completed the purchase of Elliott Sawmilling Company Inc. on May 31, 2020.

International Forest Products LLC (IFP) appoints Dan Stebbins as Director of Export Containerboard Sales.

The FTSE100 sustainable packaging leader has announced the appointment of Wouter van Tol as Head of Sustainability and Government Affairs.

Verso Corporation announced that Terrence M. Dyer has been appointed Verso's Senior Vice President, Human Resources and Communications, effective June 1, 2020.

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 Charles (Chuck) Klass, who was inducted into the Hall of Fame in 2016.

The PM40 closed Friday, 12 June 2020, at 2665.

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 June 2020 down 18.4% from the 14 June 2019 level.