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The PM40 closed Friday, 11 October 2019, at 2990.

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 11 October 2019 down 24.2% from the 12 October 2018 level.

In this issue of Disconnected Comparisons, we evaluate Greif and Weyerhaeuser.

Reported insider trading since the last issue of PaperMoney.

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 140 papermaking innovators and legends have been enshrined. This month, we profile Dr. Richard Kerekes, who was inducted into the Hall of Fame in 2018.

Mark von Laer, who has been CFO of Andritz AG since March 1, 2017, will leave Andritz AG at the end of 2019. The Supervisory Board has appointed Norbert Nettesheim as his successor, effective as of December 1, 2019.

The transaction is expected to close by the end of 2019, subject to customary closing conditions and regulatory approvals.

WIELAND, a general contracting and construction management firm, has been awarded the contract for the new Graphic Packaging mill project in Kalamazoo, MI.

LSC Communications announced that the company was honored with six awards in the 2019 'Golden Cylinder' Awards, an annual competition designed to identify the "Best of Gravure" in each segment of the printing industry and to distinguish technical innovations.

Universal Forest Products has introduced the industry's toughest and most durable shed floor: SuperStratum™ panels made with Rhino Linings®.

In August 2019, Brazilian exports of wood-based products (except pulp and paper) fell 22% in value compared to August 2018, from $282.4 million to $219.7 million, according to ITTO.

Domtar Corporation announced that it will permanently shut down two of its paper machines.

Fortress Global Enterprises Inc. announced that it will be taking market downtime at the Fortress Specialty Cellulose Mill (the "FSC Mill") in Thurso , Québec.

Fortress Global Enterprises Inc. announced that it will be taking market downtime at the Fortress Specialty Cellulose Mill (the "FSC Mill") in Thurso , Québec.

Rayonier Advanced Materials Inc. will increase prices of its high-alpha and high-viscosity Cellulose Specialties products (including acetate, ethers, micro-crystalline cellulose, nitrocellulose and other grades) by 6%, effective immediately, or as contracts allow.

A successful experiment by the University of Cambridge Institute for Sustainability Leadership (CISL), brings Sappi together with major global brands (Sainsbury's, BNP Paribas, Unilever, Barclays, Standard Chartered and Rabobank) showing how a new model of blockchain and other data sharing technologies can enhance the sustainability of global supply chains without increasing production costs.

Britain's Competition and Markets Authority (CMA) was investigating whether Liqui-Box's $585 million takeover of the DS Smith business would reduce competition.

Quad/Graphics Inc will pay $9.9 million to settle U.S. Securities and Exchange Commission charges it conducted bribery schemes in Peru and China and violated U.S. sanctions by dealing with a Cuban state-owned telecommunications company.

Finnpulp increases its investment assessment in bioproduct mill in Sorsasalo, Kuopio, Finland, to Euro 1.6 billion, or nearly Euro 200 million more than previously announced. T

ND Paper announced it will strategically inject investment capital to improve the asset quality of its mills in Maine and Wisconsin in the coming year.

The acquisition allows Huhtamaki to speed up its growth in India by improving its capability to serve the customers in South India.

Huhtamaki has entered into an agreement to acquire the majority of Everest Flexibles (Pty) Limited ("Everest"), a privately-owned flexible packaging manufacturer in South Africa.

Louisiana-Pacific Corporation announced that it has acquired the prefinishing assets at a Granite City, Ill., prefinish facility near St. Louis owned by BlueLinx.

The management team of paper manufacturer Arjowiggins Creative Papers has announced the successful management buyout of its UK operations, protecting hundreds of jobs in Scotland and safeguarding Aberdeen's historic Stoneywood paper mill.

The deal is expected to be completed by March 2020, pending regulatory approvals.

Norske Skog president and chief executive Sven Ombudstvedt announced the sale of the Albury mill to paper, packaging and recycling group Visy for $85 million.

The sale of the Park Falls Flambeau River Papers mill to newly formed company Element Ventures could not be finalized and the assets of the mill will now be marketed as a liquidation sale.

Rengo Co., Ltd. has acquired 80% of shares with voting rights of Nishihara-Shigyo Co., Ltd. in Japan, making Nishihara-Shigyo a Rengo subsidiary.

The investment made by BillerudKorsnäs in the new KM7 machine at the Gruvön mill is the company's biggest investment to date and one of the largest industrial investments in Sweden in recent years.

Nine Dragons Paper Ltd, a public listed paper manufacturing company in Mainland China intends to set up a unit near Paradip, its first facility in India.

Södra Cell International will be split into two product categories - Paper Pulp and Bioproducts - to strengthen Södra's market position as a first-class supplier of paper pulp, while increasing the underlying earnings potential of new products.

These measures will result in capacity reduction of containerboard paper (corrugating medium) of approximately 163,000 t/year.

Is your company in the habit of offering excellent customer service to your customers?

Indonesian firm Asia Pulp & Paper (APP) rebutted an article in The Straits Times (ST) linking it to haze-causing fires, claiming that it was based on an "inaccurate" report published by Indonesian environmental news site foresthints.news.

DS Smith announced that it is expanding its coffee cup recycling programme to Europe through its De Hoop Mill in the Netherlands.

By 2030, the Lenzing Group aims to reduce its specific CO2 emissions per ton of manufactured pulp and fibers by 50%. By the year 2050, the Lenzing Group will no longer generate any net CO2 emissions.

The new facility will be used to repay the existing Euro 50 million term loan and to replace the undrawn Euro 150 million revolving credit facility maturing in March 2020.

The state Department of Environmental Conservation is investigating a broken pipe at Finch Paper that leaked about 2 million gallons of paper waste into the Hudson River late last month.

Smurfit Kappa has partnered with Belgian speciality brewer Kasteel Brouwerij Vanhonsebrouck to offer alternatives to its shrink film packaging.

The paperboard tube is suitable for the primary packaging of skin cream products.

Escambia Fire Rescue responded to a reported fire at International Paper in Cantonment.

According to fire crews on scene a fan caught fire on the roof of the building due to a buildup of dust and debris.

Fortress Global Enterprises Inc. ("Fortress" or the "Company") (TSX:FGE) (OTCQX:FTPLF) announces that it continues to execute on its previously announced strategic and financing initiative (the "Strategic Initiative") with the assistance of its financial advisor, Houlihan Lokey Capital, Inc., which includes seeking and pursuing a recapitalization, restructuring and/or business combination transaction.

A New Hampshire paper mill celebrating its 200th anniversary is going to hold a gathering for more than 400 current and former employees and their families.

If the Order Sought is granted by the Canadian Securities Regulatory Authorities, Quad will cease to be a reporting issuer in any jurisdiction in Canada , and Quad will no longer be required to file financial statements and other continuous disclosure documents with Canadian Securities Regulatory Authorities.

Under the terms of the Amendment, the Company will also retain up to $50 million in net proceeds from the previously-announced sale of its Matane pulp mill, which remains on track to close in the fourth quarter, with the remainder of the net proceeds to be used to repay a portion of the Company's secured debt.