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The PM40 closed Friday, 15 November 2019, at 3250.

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 15 November 2019 down 10.1% from the 16 November 2018 level.

In this issue of Disconnected Comparisons, we evaluate International Paper and Sonoco.

Södra is adding another shift at its facility for cross-laminated timber in Värö and doubling capacity.

SEK 50 million will be invested in a pilot facility in Umeå. Stora Enso, Sveaskog and Holmen are co-funding the project.

Quad did not immediately respond to a request for comment on the case.

Bulgaria has become the latest member to achieve PEFC endorsement of its national forest certification system. The PEFC General Assembly voted for the endorsement of the Bulgarian system in a postal ballot.

On Friday morning, Nov. 8, managers somberly gathered at the Tolko office in Kelowna to call 140 workers one by one to tell them the lumber mill will close forever Jan. 8.

The stoppages are expected to reduce production by 30,000 cubic metres.

Quad/Graphics, Inc. announced that it is a founding member of Forests in Focus, a sustainability initiative from GreenBlue, an environmental nonprofit dedicated to the sustainable use of materials in society, and the American Forest Foundation (AFF), a conservation organization that works with family landowners in the United States. Forests in Focus helps members identify family-owned forests as a source for sustainable wood fiber, the raw material used to make paper and packaging.

Southeastern Grocers Inc. (SEG), parent company and home of BI-LO, Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, in partnership with Kruger Products is proud to announce the donation of more than $70,000 in soft tissue that will help clean up the need for tissue products in food banks across the Southeast.

Sofidel is one of the first Italian companies to meet the requirements of the standard, which is designed to make supply chains more sustainable and increase quality through the implementation of suitable procurement policies.

Atos, a global leader in digital transformation, and Stora Enso have entered a global partnership to bring new automated retail solutions and services to the market.

Kruger announced that its Kruger Products' Gatineau Plant was recently certified ISO 50001 for Energy Management.

Valmet introduces a new web-based user interface for its Valmet DNA automation system.

Learning Lessons

WestRock is closing its Newark plant, potentially putting more than 100 employees out of work.

Resolute Forest Products says multiple factors are contributing to the ongoing shutdown of its sawmill at Ignace.

"After careful review of the current state of the facility, the company determined that its napkin and towel business should be produced at other GP facilities, including other facilities in Green Bay," the company wrote in a letter to state workforce development officials.

Sussex-based Quad/Graphics Inc. plans to sell its U.S. book business as part of its Quad 3.0 transformation strategy.

Cascades Inc. announces that it will permanently close tissue converting operations at its Waterford, New York and Kingman, Arizona plants, effective March 27, 2020.

Klabin SA will invest 3.8 billion reais ($950 million) in its 'Puma 2' containerboard expansion project next year, and will end 2019 with lower stocks of cellulose than it did last year, executives said.

The director of strategy for Global Win Capital, the subsidiary of Shanying International that owns Phoenix Paper, said it has stalled production at the paper mill until around Nov. 11.

Mark Rhodes, president of United Steelworkers Local 712, said that 99.6 percent of workers opposed the contract, with 85 percent of members voting.