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There is a packaging and paper industry analyst whom I have known for probably 25 years or so and whose opinions I read regularly. Currently he is in (awe) (disbelief) that margins in the containerboard sector are staying so high while operating rates have reached the sub-90% levels. I think the margin support is great news.

The PM40 closed Friday, 29 November 2019, at 3285.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

Reported insider trading since the last issue of PaperMoney.

The PM40 closed 29 November 2019 down 6.7% from the 30 November 2018 level.

In this issue of Disconnected Comparisons, we evaluate Stora Enso and Universal Forest Products.

Canfor Corporation announced it will be curtailing operations at all British Columbia sawmills at the end of December.

Two water districts in Long Island, New York have sued 3M Co, E.I. DuPont De Nemours and Co. and the Chemours Co, accusing the chemical makers of contaminating their drinking water supplies with toxic substances.

Asia's pulp and paper giants - which supply materials for stationery, tissues and toilet roll - are being urged by environmentalists to follow the palm oil industry in stepping up collaboration to tackle forest loss and fires in Indonesia.

Graphic Packaging Holding Company announced the publication of its 2018 Sustainability and Social Responsibility Update Report.

Roseburg Forest Products was fined $38,400 by the Oregon Department of Environmental Quality for violating air quality standards at its plant in Dillard back in March.

Three companies being investigated by the National Environment Agency (NEA) over the 2015 haze crisis had large numbers of fire alerts on their pulpwood concessions this year, an analysis of fire alerts published on Monday (Nov 18) shows.

IT Tech Packaging, Inc. announced the commercial launch of a new tissue paper production line (the "PM9 Production Line"), following the success of its trial production, the receipt of its disposed wastewater discharge permits and construction completion acceptance from Chinese environmental authorities.

Northern Pulp and an associated company owe the province more than $85 million.

Overall Metsä Board is also in the top 1% of companies assessed by EcoVadis in the manufacture of corrugated paper and paperboard industry.

Starbucks Coffee Japan Ltd. said it will replace plastic straws with paper ones at all of its 1,500 outlets across the nation by mid-March 2020.

Sonae Arauco is now a member of the Forest Stewardship Council (FSC) International, taking another important step in its mission of creating a sustainable forest value chain.

Stora Enso, along with other members of CEPI, the European association representing the forest fiber and paper industry, are joining forces with companies across the value chain to drive the recycling of fiber-based packaging and collaboration in circular design and materials to enable positive change in circular economy.

Pinnacle Renewable Holdings entered into a limited partnership agreement with Tolko Industries Ltd. to build a new industrial wood pellet production facility in High Level, Alberta, Canada.

Valmet will supply an energy management solution to optimize production and energy consumption at Kemira Chemicals' bleaching chemical plants in Äetsä and Joutseno in Finland.

Valmet and Metsä Board have signed an agreement for the supply of key technology for the planned renewal of the Husum pulp mill in Sweden.

Andritz Brasil Ltda. successfully completed concreting work for the base of the Line 5 debarking drum, which is part of the wood preparation equipment (Andritz scope) being supplied in partnership with Afonso França.

The pulp production upgrades will happen in stages.

The start-up of the system is planned for the middle of 2020.

Konecranes has been chosen to supply nine cranes, including four automated roll storage cranes, for the first new paper mill built in Wisconsin in over 30 years.

Kadant Black Clawson LLC, a subsidiary of Kadant Inc. (NYSE: KAI), announced it received an order from Papel San Francisco to supply a complete stock preparation and deinking line for its new tissue production line at its Mexicali, Mexico facility.