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The PM40 closed Friday, 12 July 2019, at 3217.

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

The PM40 closed 12 July 2019 down 22.2% from the 13 July 2018 level.

In this issue of Disconnected Comparisons, we evaluate Schweitzer-Mauduit and Domtar.

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, more than 139 papermaking innovators and legends have been enshrined. This month, we profile Luigi Lazzareschi, who was inducted into the Hall of Fame in 2018.

Reported insider trading since the last issue of PaperMoney.

Andritz has received an order from the Italy-based paper company Cartiere del Polesine to rebuild an existing old corrugated container (OCC) line, including reject treatment, at its mill in Adria, Italy.

Archroma India Private Limited and BASF India Limited (BIL) have signed an agreement for the acquisition by Archroma of BASF's stilbene-based OBA (optical brightening agents) business for paper and powder detergent applications.

Pekka Rouhiainen has been appointed Director, Investor Relations, at Valmet as of 1 September 2019. He will be based in Espoo, Finland, and will report to Kari Saarinen, CFO at Valmet.

Valmet will supply two Defibrator™ systems to the Bashida Group in China, one to Heze Baishida Wood, and another one to Jiangsu Ronghui Wood. The start-up of the two systems is planned for spring 2020.

Inspired by parents, Huggies® has introduced Huggies® Special Delivery™ diapers, the softest diaper with plant-based materials, designed specifically to provide the best for a baby's bottom, without compromise.

Kimberly-Clark said this week that it's stepping up its efforts to "drive growth" by creating a new position of chief growth officer.

Menasha Packaging Company, a retail-focused packaging and merchandising supply chain solutions provider with facilities throughout North America, earned two gold and seven bronze OMA Awards on June 26.

Smurfit Kappa has walked away with 11 awards for its innovative and sustainable packaging at the UK Starpack Awards last week.

WestRock received 20 awards at this year's Outstanding Merchandising Achievement Awards, a competition that celebrates merchandising and design excellence in the retail space.

U.S. log exports to Vietnam jumped 39.8% to 110.1 thousand m3 with export value expanded 46.9% to $40.2 million.

Between January and May, U.S. pellet exports jumped 14.8% y-o-y to 2.5 million m3 with export value expanded 17.4 % to $349.4 million, according to USDA data.

The facility further diversifies Pinnacle Renewable Energy's fiber supply using high-quality wood fibre sourced primarily from Tolko's existing sawmill in High Level.

Quad/Graphics, Inc. announced that it has made a strategic investment and entered into a long-term partnership with the dtx company, a leader in the direct-to-consumer economy.

The DuPont Co. massively downplayed the cost of environmental liabilities with which Chemours would be saddled when DuPont spun off its former performance chemicals unit in 2015, according to a lawsuit unsealed Friday.

The company behind Kleenex has avoided punishment in the Federal Court on accusations it misled customers by claiming its moist towelettes are flushable.

Huhtamaki announced in July 2015 that it had decided to launch an appeal against the European Commission's decision before the General Court of the European Union. The General Court has dismissed Huhtamaki's appeal.

Crossroads Paper has plans to construct a recycled-paper mill in Utah, expected to open in early 2022, the company announced in Salt Lake City.

Cascades will pay a cash consideration of US$207 million, financed by the Company's credit facilities.

Premier Paper Group has been acquired by Japan Pulp and Paper Company Limited.

Multi-Color Corporation announced that the anticipated acquisition of the Company by an affiliate of Platinum Equity, a leading private equity firm, is now complete.

Smurfit Kappa, which saw off an unwanted takeover bid from International Paper (IP) last year, is unlikely to court renewed interest from its US rival in the near term, according to analysts at French brokerage Exane BNP Paribas.

The deal will be financed through a rights issue of up to $257 million and is likely to be completed by late 2019 or early 2020.

In court on Monday, July 1, Price County Judge Kevin Klein approved an agreement between Flambeau River Papers and CellMark Paper Inc., as well as a request for the mill to pursue financing in the amount of $2 million.

From now on Michael Liche will lead the companies located in Wismar and Landsberg am Lech.

The investment decision of the bioproduct mill is made earliest at the summer 2020, after which the construction of the new mill would begin. The new bioproduct mill could start up in the first half of the 2020s.

Orora announced that after more than 10 years leading the Orora business Nigel Garrard has decided to retire from the position of Managing Director and Chief Executive Officer.

The Company does not endorse TRC Capital's mini-tender offer and recommends that stockholders do not tender their shares in response to the offer.

As part of the merger, West-Rock "centralized" its supply chain functions to its corporate office in Atlanta, WestRock spokesman John Pensec said. The Longview mill had its own on-site supply chain function, Pensec said.

Paper batteries

Ahlstrom-Munksjö has received the OK compost HOME and OK compost INDUSTRIAL certifications from TÜV® Austria for its entire range of Coralpack™ grease resistant wrapping papers.

Ilim Timber has successfully completed a regular audit of the supply chain and controlled wood FSC.

Kimberly-Clark published its 2018 Global Sustainability Report, highlighting the ways in which the company is impacting the world through its Sustainability 2022 strategy to create social, environmental and business value.

The board of directors in Norske Skog AS has approved a Euro 72 million investment in a new 50MW wide range energy boiler at the Norske Skog Bruck mill in Austria.

Officials with the company that owns the Northern Pulp mill in Pictou County have told their employees they expect to complete the requirements of a focus report ordered by the province by September.

Sappi Limited (Sappi) is pleased to announce that we have become an International Stakeholder member of the Programme for the Endorsement of Forest CertificationTM (PEFCTM).

The Verso Escanaba Mill is working quickly to replace a sanitary sewer force main that ruptured last week, spilling water containing fecal matter into the Escanaba River.

A worker at Interfor Corp.'s Gilchrist sawmill, in northern Klamath County, died following injuries sustained after a fall while he was on the job, according to Andrew Horahan, vice president of western operations at Interfor.

These funds will be used to secure additional wood fibre inventory for the Fortress Specialty Cellulose mill (the "FSC Mill").

A man was airlifted to the hospital after being burned at International Paper in Cantonment.

Lincoln Parish Sheriff deputies and firefighters responded to an explosion call at the Roseburg Forest Products Plant in Simsboro.

Port Hawkesbury Paper did not lose any production time despite a fire in one of its massive wood silos last month, a company official says.

Catalyst Powell River has announced a temporary 17-day curtailment of its paper operations in Powell River.

A maintenance employee with Sonoco of Hartsville is in the hospital Wednesday (3 July) with a severe arm injury after being hurt on the job, according to Sonoco Director of Corporate Communications and Investor Relations Brian Risinger.