Recent Articles

Mondi and traceless announce long-term partnership to develop bio-circular coating solution.

The collaboration brings together DVF's timeless designs and Lenzing's signature specialty fibers to exemplify both companies' commitment to spotlighting responsible fashion choices and bringing real change to the fashion world.

NeoLigno® by Stora Enso is a bio-based binder, ideal for mineral and glass wool. By changing to a binder made from renewable materials you can decrease your carbon footprint, while removing harmful formaldehyde and isocyanates from your loop.

Reported insider trading since the last issue of PaperMoney.

European cities are giving their dead leaves to a startup called Releaf Paper to turn them into shopping bags and paper.

Södra is investing in a production line at Värö which will create a vegetable tanning agent from bark. This new tannin can be used to process leather in a more environmentally friendly way. Scheduled to be commissioned in 2026, the plant will have the capacity to produce tannins for millions of square metres of leather.

Protective packaging supplier Sealed Air (SEE) has announced the appointment of Patrick Kivits as its new chief executive officer, effective 1 July 2024. Kivits is now serving as president of corrugated packaging at paper and packaging company WestRock, overseeing all the company's business in Central America.

Conifex announced the curtailment of its sawmill and planer operations for two weeks starting June 17, 2024. This decision follows ongoing weather-related transportation issues that have delayed spring log deliveries, resulting in lower-than-expected log inventories, according to the company.

WestRock Company, a leading provider of sustainable fiber-based paper and packaging solutions, announced that, based on the preliminary vote count, WestRock stockholders voted to approve the Transaction Agreement and other proposals related to the combination of Smurfit Kappa Group plc ("Smurfit Kappa") and WestRock (the "Combination") at WestRock's Special Meeting of Stockholders held earlier today (June 13).

The cause is under investigation by the fire marshal's office.

Under the terms of the agreement, Suzano will acquire a 15 percent stake in Lenzing from B&C and the two shareholders will form a long-term syndicate which will hold the majority stake (52.25 percent) in the company. Subject to the closing of the transaction, B&C will hold a 37.25 percent stake in Lenzing and keep the role as controlling member of the new syndicate, with Suzano holding the minority stake of 15 percent. The price per share will be EUR 39.70, with a total acquisition purchase price of EUR 230 million to be fully paid at closing.

Smurfit Kappa, Europe's largest paper packaging producer has invested over €30 million across two projects in Spain to further reduce CO2 emissions.

Sappi say the company's most recent three-year contract offer included wage increases, retirement plan improvements and a signing bonus but said a majority of the 150 union workers represented by the National Conference of Firemen and Oilers Union turned down the company's offer and have voted to authorize a potential strike.

Starkraft, a business unit of Heinzel Pöls, part of the Heinzel Group, announces the successful launch of its PM6 at the Steyrermühl paper mill in Austria, marking a significant milestone in its journey towards enhanced productivity and global expansion. With this strategic investment, Starkraft elevates its production capacity to a total of 350,000 tons of kraft paper per year.

Analysts from Jefferies are predicting a potential cash offer for IP in the range of $54-57 per share, a figure that aligns with previous investor expectations. However, IP's board may value the company significantly higher.

SMC Packaging Group operates across multiple locations in Missouri, Arkansas, and Oklahoma.

Sustana, an innovator of clean materials and the industry-leading producer of sustainable, recycled fiber-based products and services, announced the appointment of Nathan Jeppson as Chief Executive Officer, succeeding Fabian de Armas. Mr. Jeppson brings more than 20 years of leadership experience driving growth and innovation at premier manufacturing, industrials, and materials businesses, including global roles at Shell Chemical LP and Dow.

Ahlstrom, in its ongoing dedication to addressing the global need for clean air and water, has successfully completed a EUR 2 million investment for a new laminator at its Louveira plant in Brazil.

Norske Skog will initiate a main study aiming to enter the bleached chemi-thermomechanical pulp (BCTMP) market by starting production at Norske Skog Saugbrugs in Halden, Norway.

Smurfit Kappa, one of the world's leading providers of sustainable packaging solutions, has announced it has signed an agreement to acquire Artemis Ltd., a Bag-in-Box packaging plant located in Shumen, Bulgaria.

International Paper Co.'s top boss traveled to London to reaffirm his company's commitment to merger partner DS Smith Plc, downplaying a takeover offer from Suzano SA that threatens to derail their pending $7.4 billion deal, according to people with knowledge of the matter.

The new collective labour agreements will have a two-year contract period and will enter into force immediately. The agreed wage increases in the collective agreements will take effect from 1 July 2024.

Sundsvall's new Logistics park and SCA's new container port have been officially inaugurated. This means that a process that began in 2008 has reached its goal and one of the region's biggest investments in sustainable transport can begin to create benefits for the green transition in northern Sweden.

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The first class of inductees to the Paper Industry International Hall of Fame was inducted more than two decades ago in 1995, and today, more than 150 papermaking innovators and legends have been enshrined. This month, we profile the late Tad Bretting, who was president and CEO of C.G. Bretting Manufacturing Company in Ashland, Wisconsin, who was inducted into the Hall of Fame in 1999.