Archives

The PM40 closed Friday, 16 February 2024, at 5381.

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

In this issue of Disconnected Comparisons, we evaluate Graphic Packaging and PotlatchDeltic.

The PM40 closed 16 February 2024 up 0.5% from the 17 February 2023 level.

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 150 papermaking innovators and legends have been enshrined. This month, we profile the Thomas A. Simons, who was inducted into the Hall of Fame in 2000.

If you call yourself a consultant, you better have the experience...

Andritz has successfully started up a new high-capacity chemi-thermomechanical pulping system supplied to Wuzhou Special Paper (Jiangxi) Co. Ltd. in Hukou County, Jiujiang City, Jiangxi Province, China.

FrontWay provides fiber processing industries with simulation software and consulting services for process optimization.

Klabin has officially recognized ANDRITZ for its technical expertise and project management performance during the Puma II pulp and paper mill expansion project in Ortigueira, Brazil.

JD Irving, Limited purchases a MiCROTEC CT Log for installation in its veneer sawmill, located in St. Leonard, New Brunswick, Canada.

Shandong Huatai Paper and Voith Paper successfully started up PM 11 in the eastern Chinese province of Shandong.

Argentinian leading packaging paper and tissue producer UnionPel selected Toscotec to supply a technological upgrade of PM1 at their Pacheco mill in the province of Buenos Aires. The project is scheduled for the first half of 2024.

Valmet, a provider of technologies, automation, and services for the pulp, paper, and energy sectors, has commenced negotiations on February 15, 2024, aimed at restructuring its Services and Paper divisions within the EMEA (Europe, Middle East, Africa) territory.

The take over is scheduled to be in the end of 2025.

Taiwanese tissue producer Yuen Foong Yu Consumer Products Co., Ltd. has successfully started up a new Andritz PrimeLineCOMPACT tissue production line at its mill in Chingshui.

Amcor, a global leader in developing and producing responsible packaging solutions, signed a deal with Cadbury to source ~1,000 tons of post-consumer recycled plastic to wrap its core Cadbury chocolate range, accelerating Cadbury's ambitions to reduce its virgin plastic needs.

Based on data reported through CDP's 2023 Climate Change questionnaire, Atlantic Packaging is one of 346 companies worldwide and only 29 in North America that achieved an 'A' out of over 21,000 companies scored.

UPM has been recognised by the global environmental non-profit organisation CDP for its leadership in corporate transparency and performance on climate change and forests, securing a place on the annual 'A List'.

Based on data reported through CDP's 2023 Climate Change questionnaire, DS Smith is one of a small number of companies that achieved an 'A' - out of over 21,000 companies scored.

The Hygiene and health company Essity has once again been awarded a place on CDP's 'A List' for its leadership in corporate transparency and performance on forests by the global non-profit environmental organization CDP.

Mondi, a global leader in sustainable packaging and paper, proudly unveils a fresh initiative to highlight the values of its containerboard materials that we use in our everyday lives. In partnership with Olympian skateboarder Julia Brückler, Mondi challenges myths around making paper through a fusion of innovation, sustainability and athleticism.

A clear commitment included in our 2030 targets.

The company has earned recognition from the esteemed business magazine seven times.

Graphic Packaging, the global leader in consumer packaging, has secured a hat-trick of wins at the PAC Global Awards, including two Best in Class prizes.

According to the latest numbers available from the U.S. Bureau of Labor Statistics, work-related injury incidents for recycling industry workers has increased. One such injury can occur while loading and unloading baled material from a trailer. If not loaded properly in the final row next to the trailer door, the 2,000-pound bales are prone to shifting and falling, which can cause serious injuries and even death.

Kruger Products is embracing messy love with its lineup of household paper products and a chance for newlyweds to win a romantic getaway to Messy, France.

Two new high-quality phenol-free thermal products.

Lenzing one of the only 10 companies in the world with a triple "A" score.

Enviva, the leading exporter of wood pellets in the United States, is on the brink of filing for Chapter 11 bankruptcy following a significant misjudgment in future commodity prices, which led to substantial financial losses. Maryland-based company might proceed with the bankruptcy filing by the end of this week, pending the expiration of a 30-day grace period due to a missed $24 million interest payment to bondholders, according to reports.

UPM's Board of Directors has approved the commencement of new plans for the period 2024-2026 within the company's two long-term share incentive arrangements: the Performance Share Plan and the Deferred Bonus Plan.

National partnership with Be Pro Be Proud will teach students about career opportunities in the forest products industry.

Brazilian federal prosecutors are asking a judge to unwind a 2017 deal handing control of pulp and paper company Eldorado from Brazilian firm J&F to Paper Excellence Group, citing restrictions on foreign land ownership.

A coalition of unions is denouncing a lack of consideration for crucial issues facing workers as the Quebec government launches regional consultations on the future of the forestry sector.

Metsä Group's tissue and greaseproof paper business is investing in three new state-of-the-art converting lines for folded and rolled tissue paper to its mill in Mariestad, Sweden. The investment will enable large scale high quality hand towel production in Scandinavia. In addition it entails efficiency and energy savings as well as improved working environment and safety.

The planned program amounts to approximately Euro 100 million and the related investments are to be carried out over the period of next five years..

Combination creates a large-scale global franchise with an industry-leading solution set serving attractive, growing specialty materials markets.

Thanks to this acquisition, Antalis becomes the market leader in bespoke packaging solutions for the Italian market.

Antalis continues to expand internationally and has signed a binding agreement to acquire Pakella, a leading player in the distribution and manufacture of industrial and food packaging in Latvia, Lithuania and Estonia. Pakella is a leading packaging distributor in Baltic countries with a Euro15 million turnover in 2023 and 60 employees.

Canfor Pulp president and CEO Kevin Edgson says the new owner is committed to repurposing the site and developing a long-term plan that will benefit the community.

CJK Group, Inc. announced that it has acquired the assets of LSC Communications Magazine and Catalog business unit, along with the stock of Kodi Collective LLC (formerly known as Continuum Marketing Services LLC). The assets and stock purchase together represent "Kodi Collective."

Under UK takeover rules, Mondi now has until March 7 to "put up or shut up" -- in other words, make a firm offer or walk away -- unless the deadline is extended with the consent of both parties.

As part of its ongoing commitment to relentless innovation and product development, Quad, a marketing experience company, acquired North Carolina-based DART Innovation, an in-store digital media solutions provider.

The paper and packaging company says its corrugated medium mill in Trenton, Ont., that is currently idled will not restart operations, while converting plants in Belleville, Ont., and Newtown, Conn., will close by May 31.

Interfor announced that it will indefinitely curtail its sawmill operations in Philomath, Oregon. This curtailment is in response to persistent high log costs in the region and ongoing weak lumber market conditions.

The appointment is effective immediately.

Amcor, a global leader in consumer packaging, has announced a major restructuring plan in response to a significant drop in consumer demand. The company has slashed 2,000 jobs, which equates to 5% of its worldwide workforce, and is in the throes of shutting down nearly 10 factories across the globe.

The American Forest & Paper Association (AF&PA) President and CEO Heidi Brock and American Wood Council (AWC) President and CEO Jackson Morrill responded to the Environmental Protection Agency's (EPA) announcement of an updated National Ambient Air Quality Standards (NAAQS) for particulate matter (PM2.5), which lowers the standard to 9 µg/m3.

The goal of the multi-year cooperation is to increase the effectiveness of emission reductions and to find completely new ways to reduce greenhouse gas emissions.

Carbon Capture Pilot at Vicksburg Containerboard Mill: Vicksburg, Mississippi

Stora Enso has, as a forest industry forerunner, developed a science-based framework to verify net positive impact on biodiversity.

Stora Enso also reports against the SASB's Sustainability Accounting Standards for Forest Management and Containers & Packaging.

Tetra Pak is announcing several strategic investments designed to level up the recycling capacity for carton packages in the European Union (EU).

As part of its Forest Action forest responsibility programme, UPM has published a new forest habitat programme aimed at increasing biodiversity in UPM's own forests in Finland. Other aims of habitat restoration include restoration of hydrology and increased carbon sequestration.

No injuries were sustained in the incident.

Members at more than four dozen WestRock locations across 24 states voted in December to ratify a new four-year master agreement covering more than 5,500 USW members.

Mill underwent deep-cleaning, maintenance, major repairs, significant projects.

The building the tractor-trailer was attached to suffered severe water damage.

The plant manufactures corrugated board and boxes.

The mill has the capacity to produce 65,000 metric tons per year of bath, napkin and towel grades of tissue.

A conveyor belt carrying shredded wood chips at a Skowhegan paper mill caught fire Saturday morning, Feb. 3, prompting a wide response from local fire departments.

While the exact cause of the fire was not known, it was baled material to be recycled that was ignited at the Number 4 storage pad.