Major Announcements

LP Building Solutions (LP) has opened its new global headquarters in Nashville, Tennessee.

International Trade Minister Mary Ng says Canada is formally initiating a challenge of "unwarranted and unfair" U.S. duties on Canadian softwood lumber.

Ponderay Industries, LLC plans for a restart of its paper mill located in Usk, Washington and has announced it is in advanced negotiations with key industry partners. Idled since bankruptcy in 2020, the paper mill has been meticulously maintained and preserved by a team of former mill employees.

Sonoco Products Company, a diversified global packaging leader, is pleased to announce the promotion of Assistant Corporate Controller Aditya Gandhi to the newly created role of Chief Accounting Officer, effective immediately.

Construction of the facilities and infrastructure work will cost approximately $9.5 million. The rest will be spent on equipment, furniture and a new sprinkler system.

West Fraser Timber is permanently curtailing approximately 170 million board feet of combined production at its Fraser Lake and Williams Lake sawmills and approximately 85 million square feet of plywood production at its Quesnel Plywood mill in Canada. The curtailments will be realized through the elimination of one shift at each facility.

Western Forest Products Inc. announced that it has appointed Steven Hofer as its President and CEO and a member of the Company's Board of Directors ("Board"), effective September 7, 2022. Mr. Hofer succeeds Don Demens, who will remain at Western in an advisory capacity until March 31, 2023 to ensure a seamless transition. Mr. Demens will step down from the Board effective September 7, 2022.

A release from the company stated, "The upgrades include a new corrugator and two new converting lines, as well as upgrades to the shipping department, which will help the plant operate more efficiently. Newer converting equipment will give the plant improved throughput and print capability to better meet customer needs."

GP Cellulose is investing about $80 million to add fluff capacity at its GP Cellulose Alabama River mill near Monroeville, Alabama. The project is being implemented in phases and when complete in late 2023, will increase the mill's ability to produce fluff pulp.

Twin Rivers Paper Company, a leading producer of specialty paper products, is pleased to announce recent additions to its executive leadership team.

The world's first electric timber truck with a capacity of 80 tonnes has now been delivered to SCA. The vehicle solution developed by Scania in close collaboration with SCA and the research institute Skogforsk, is part of the transition to sustainable transport.

Canadian forest products company Resolute Forest Products Inc. has agreed to be bought by pulp manufacturer Domtar Corp. in a deal the companies valued at some $2.7 billion, including pension liabilities.

Kruger Products officially inaugurated its Sherbrooke Tissue Plant, which was commissioned in 2021, and also broke ground at its expansion project where another tissue plant will be built on a site adjacent to the Sherbrooke Plant by 2024.

Upon close, the new company name will be Mativ, Inc. ("Mativ") and its shares will begin trading on the NYSE under the ticker symbol "MATV." The "SWM" and "NP" ticker symbols will be deactivated.

Mill Rock Packaging Partners ("Mill Rock Packaging"), a specialty packaging platform that invests in growth-oriented companies with advanced service and product capabilities in the consumer packaging industry, announced that it has appointed Allen Ennis as Chief Executive Officer. Mill Rock Packaging is a portfolio company of New York-based Mill Rock Capital, a growth and operations-oriented private investment firm.

Empire Recycled Fiber (ERF) says it has made the decision to relocate its recycled containerboard mill project from Fairless Hills, Pennsylvania to the Dayton, Ohio regional market.

Stora Enso has started a feasibility study at its paper production site in Langerbrugge, Belgium, for the conversion of one of the two paper lines into a high-volume recycled containerboard line.

George Weyerhaeuser Sr., the fourth-generation timber family scion who ran one of America's largest forestry firms and was briefly one of America's most famous kidnapping victims, died Saturday, June 11, his family confirmed Monday. He was 95.

Cascades continues to roll out its expansion plan in the isothermal packaging market by enhancing its line of meal boxes with technology that's 20% more efficient than its current home delivery solution, and by commissioning a new production facility in York, Pennsylvania

Roseburg is exploring the feasibility of locating a second MDF panel plant or bioenergy production facility within its current Western operating footprint. The proposed facility would use up to 300,000 bone-dry tons of wood residuals each year.

Roseburg Forest Products held a groundbreaking ceremony at the site of its new Roanoke Valley Lumber sawmill in Weldon, North Carolina. The company announced it planned to expand its operations in the Southeastern U.S. last summer with the new 375,000-square-foot, high-capacity dimensional lumber mill, during an event with N.C. Gov. Roy Cooper.

Rayonier Advanced Materials Inc. on Tuesday said Vito Consiglio has stepped down as president, chief executive and a director by mutual agreement with the board after just five months at the helm of the cellulose-products maker.

Pactiv Evergreen announced that Jonathan "Jon" Baksht joined the company as Chief Financial Officer, effective May 27, 2022.

The evaluation of options is expected to be completed by the end of 2022.

British paper and packaging firm Mondi Plc said on Wednesday it would sell its Russian assets, the latest company to exit the country following Moscow's invasion of Ukraine.