Recent Articles

Domtar Corporation announced that its Board of Directors has approved a change in the location of its 2020 Annual Meeting of Stockholders to a virtual-only stockholder meeting, to align with public health guidelines regarding the COVID-19 pandemic, including gathering and travel restrictions.

Veritiv Corporation announced that in response to continued public health precautions regarding in-person gatherings given the coronavirus (COVID-19) pandemic, and out of concern for the health and well-being of shareholders, company personnel, and the broader community, the Veritiv Corporation 2020 Annual Meeting of Shareholders to be held on Wednesday, April 29, 2020, at 9:00 a.m. Eastern Time will take place as a virtual meeting only, via live audio webcast. Shareholders will not be able to attend the Annual Meeting in person.

UPM Raflatac is taking a major step toward creating a circular economy by collaborating with SABIC, a global leader in the chemical industry, for the first polypropylene (PP) label film manufactured from post-consumer recycled (PCR) plastic on the market (on a mass balance basis). Now available globally, this label material uses SABIC's groundbreaking TRUCIRCLE™ solutions for certified circular PP products.

Kimberly-Clark Corporation announced that it will host its 2020 annual meeting of stockholders virtually due to the public health impact of the coronavirus outbreak (COVID-19) and to protect the health and well-being of our employees, stockholders, and our community.

Ahlstrom-Munksjö and Suominen have signed a multi-year commercial agreement that renews and strengthens the existing co-operation at Ahlstrom-Munksjö's Ställdalen plant in Sweden. The agreement secures supplies from Ställdalen to Suominen's customers for several years and will also considerably improve the companies' joint service to the customers.

Cascades announces that as a precautionary measure, it will hold its next annual general meeting in virtual form on Thursday, June 25, at 11 a.m. local time.

Reported insider trading since the last issue of PaperMoney.

Kokusai Pulp & Paper ("KPP") and SEQUANA SA have entered into an agreement, according to which KPP agreed to acquire 53,395,148 ordinary shares of Antalis SA held by Sequana, representing approximately 75.2% of Antalis' share capital and 82.5% of voting rights.

Columbia Pulp has stopped its pulp mill operations at Lyons Ferry because of a disruption in its supply chain and concerns about not being able to follow COVID-19 precautions, the company announced.

He was 58 years old.

Mondi is committed to playing its part to produce important supplies and components during the COVID-19 outbreak.

Neenah, Inc. announced that it had not closed on its agreement to acquire Vectorply Corporation on April 1 as originally contemplated. Neenah had agreed to acquire Vectorply from MSouth Equity Partners for $155 million in cash.

The COVID-19 pandemic is impacting global demand for forest products. In response, effective April 6, 2020, Conifex Timber Inc. will temporarily curtail operations at its Mackenzie, British Columbia, Canada sawmill for two weeks.

In this project, Klabin S.A. is carrying out an expansion of its existing facility in Paraná State in southern Brazil. By further promoting the use of biofuel it is expected to control the GHG emission. This project will contribute to the development of Brazil's sustainable forest industry and to strengthening the supply chains.

A Procter & Gamble Co. manufacturing plant that makes Charmin toilet paper and Bounty paper towels suffered fire damage, but workers are getting equipment affected by the blaze back into service.

The J.D. Irving Sawmill near Truro, N.S., has reported that three of their staff members have been diagnosed with COVID-19. The first staff member to be diagnosed has received the appropriate medical care and is now self-isolating as recommended by health care professionals. Two more have since been diagnosed, leading to a temporary shut down of the mill.

Australia's richest man Anthony Pratt has donated $1million to fund the trial of two drugs that may help patients suffering from COVID-19.

As the COVID-19 pandemic is quickly evolving, the companies will continue to monitor the circumstances of the virus and any recommendations or directives of government and health authorities and will advise shareholders as necessary of any further updates regarding the AGMs.

Kruger Specialty Papers announced the temporary shutdown of its Brompton facility, effective Friday, April 3, for an indefinite period of time.

Weyerhaeuser Company provided an update on actions it is taking in response to the COVID-19 pandemic.

Production cuts announced.

LP Building Solutions announced adjustments to operating schedules, reductions in capital expenditures, and steps to enhance an already strong balance sheet. LP also announced amended guidance consistent with these plans and the uncertainties surrounding the impact of COVID-19, governmental responses, and subsequent economic recovery.

Mike, who asked that his surname to be withheld, learned at work Tuesday morning that his daughter had been tested for COVID-19 at the recommendation of three separate doctors. His 25-year-old daughter had visited the family in their Cowlitz County home about a week prior and exhibited "extremely mild symptoms" of the disease. She thought were her seasonal allergies acting up, but after she returned to her home north of Seattle "it obviously got progressively worse," her father said.

Weeks after issuing an earnings that report that revealed the company lost $295 million last year, publication printer LSC Communications is preparing to file for Chapter 11 bankruptcy, according to reports, citing "people with knowledge of the plans."

International Paper has entered into an agreement to sell its Brazilian corrugated packaging business to Klabin S.A. for R$330 million, with R$280 million to be paid at closing and R$50 million one year thereafter, subject to certain adjustments.