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The PM40 closed Friday, 17 May 2024, at 5802.

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 17 May 2024 up 18.6% from the 19 May 2023 level.

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

Reported insider trading since the last issue of PaperMoney.

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 Charles N. Egan.

Assuming you do, why do you go to trade shows?

The start-up is scheduled for the Q4 2024.

AFRY has been selected by the Italian paper association, Assocarta to define a decarbonisation strategy for the pulp and paper sector that is in line with EU framework, country-specific conditions, and technological advancements.

ANDRITZ successfully completed the upgrade of the combustion system on a through-air drying (TAD) tissue machine at the paper mill of Essity in Prudhoe.

Stora Enso Oulu Oy has chosen Caverion to deliver work related to process electrics and instrumentation installations in their Oulu mill. The work is related to the project, where one of the production lines in the Oulu mill is converted into a consumer packaging board line.

Under this agreement, Kemira will be the sole provider of BIM defoamer and drainage technology to Brazil's pulp market.

Construction will start in Q3 2024, with commissioning expected in Q4 2027.

The Scandinavian paper and pulp manufacturer Nordic Paper has chosen AFRY's MES system (Manufacturing Execution System) and platform, AFRY PaperLine, to streamline its Scandinavian manufacturing processes.

In a pilot project, Felix Schoeller's logistics partner NOSTA Group is now supplying the plant with fully electric power.

The scheduled delivery period will be during the Q4 2024.

ABB has won an order from Södra Cell to implement optimization control that will help Sweden's largest forest-owner association and leading pulp manufacturer reach new levels of efficiency.

Solenis, a leading global producer of specialty chemicals used in water-intensive industries, today announced it has been selected as a 2024 Best Managed Company and a Gold Standard winner, which honors organizations that have been recognized for four or more years as Best Managed Companies.

Colombian tissue manufacturer C.Y.P. Del R. S.A. has started up a complete AHEAD 1.8 tissue line supplied by Toscotec at its mill in Risaralda. This is a repeat order for Toscotec who has successfully installed a TT SYD Steel Yankee Dryer at the same mill on PM1 in 2021.

The delivery is scheduled for Lecta's annual shutdown in April 2025.

The agency will develop and implement strategic communications campaigns to enhance DS Smith's position as a global leader in sustainable packaging solutions, paper products and recycling.

Appvion launches environmentally friendly direct thermal products designed to create a better tomorrow.

We'd like to extend our sincere gratitude to the courageous men and women who have served and continue to serve our country. As a proud Veteran employer, it's an honor to work alongside our employees who have served, some of whom are recognized in this post representing colleagues throughout GP. Thank you.

High-quality products with excellent results in a wide range of application scenarios.

Metsä Board's Twisty Ice Cream Boxes by Adara Pakkaus have been bestowed a 2024 Excellence in the Flexography Award's Self Promotion Category. The Excellence in Flexography Awards is the premier awards programme for the flexographic industry in the United States.

Mondi, a global leader in sustainable packaging and paper, has collaborated with Scan Sverige to create a polypropylene (PP) based mono-material packaging, that is designed for recycling.

The new offering will integrate all of Quad's creative business lines to uniquely combine its boutique tactics, unmatched 24/7 global production power and commitment to delivering smart, scalable ideas, powered by an in-house network of talented strategists, creatives, content makers, and production and post-production experts.

Government acknowledges need for more supply, blames closures on corporate decisions, markets.

Stora Enso estimates that the previous full year 2024 adjusted EBIT guidance will be exceeded, thanks to successful implementation of profit improvement actions and more favourable market conditions.

World's largest single pulp production line is set to commence operations in the coming weeks.

Brazilian pulpmaker Suzano will maintain its capital discipline and would not make any move solely aimed at growing, as it is focused on adding value for shareholders, Chief Executive Walter Schalka said.

Graphic Packaging International (Graphic Packaging), a global leader in sustainable consumer packaging, has partnered with UK supermarket giant Morrisons to revolutionise the packaging for its private label steak portfolio with a first-to-market, photographic print pressed board tray.

In partnership with Essity, Voith is conducting research into a groundbreaking process for CO2-neutral paper manufacturing at its Heidenheim site.

The man was exhibiting bizarre and erratic behaviors, severe agitation, and threatened violence toward law enforcement.

The province expects the expansion will maintain about 250 direct roles and is expected to create 20 new jobs.

The investment has allowed the company to expand the size of the production space in La Chevrolière by 4,000 square meters (43,000 square feet) and has been made in response to an increasing demand for sustainable corrugated cardboard by existing and potential DS Smith customers in the region.

The customer focused innovation centre will help brands and manufacturers to meet increasing consumer demand for sustainable products and contribute towards a circular economy.

Essity is investing in a new global center for research and development, in Alsace, France, dedicated to tissue hygiene products. The state-of-the-art facility will focus on tissue to meet the evolving demands of branded tissue in both Consumer and Professional Hygiene markets.

Project aims to sell energy to N.B. Power, but no agreement yet.

Brazilian pulp and paper company Suzano has approached U.S.-based International Paper to express interest in an all-cash acquisition that would be worth almost $15 billion, according to people familiar with the matter.

Clearwater Paper Corporation announced the successful completion of its strategic acquisition of the Augusta, Georgia bleached paperboard manufacturing facility from Graphic Packaging International, LLC. Terms of the acquisition were first announced on February 20, 2024.

Transaction Represents 86th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products

The Indian tissue market is expanding rapidly, driven by consumers' evolving perceptions of hygiene and personal care, Suneel Kulkarni of APRIL said.

The company insists it is also focused on completing its previously announced combination with DS Smith, which offers a unique and highly compelling opportunity to create significant shareholder value above its base plan.

"There is no formal document or celebration of any agreement, binding or otherwise, by Suzano, nor any decision or resolution of its management bodies regarding the potential operation reported by the media," the company said in a filing.

Following this transaction, Metsä Group no longer holds any assets in Russia, the company said in a statement. The terms of the deal, including the purchase price, remain confidential between the parties.

Spirtas Worldwide is a demolition, environmental remediation and asset purchase company based in St. Louis, Missouri.

Saica Group has reached an agreement with the family owners of LIC Packaging to increase its participation, becoming the major shareholder of the company. LIC Packaging is located in the province of Brescia, in Lombardy, northern Italy. This plant has a revenue of 120 million euros in 2023 and provide direct employment to 351 people. The Bertoldo family will remain in the management of the business.

Stora Enso will immediately begin the search for Seppo Parvi's successor.

Cascades Inc. announces the appointment of Mr. Hugues Simon as its new President and CEO. Currently President of the Wood Products business at Resolute Forest Products, Mr. Simon will assume his new role no later than July 1, 2024. The appointment follows an extensive succession planning and recruitment process, supported by an international firm, in anticipation of Mario Plourde's planned retirement.

Sonoco Products Company, one of the largest sustainable global packaging companies, announced the upcoming retirement of tenured executive, Jeff Tomaszewski, President, Diversified Businesses, effective June 30, 2024.

Unifor strongly condemns RYAM's statement, describing the move as "totally devoid of any human consideration."

Arctic Paper has signed a fifteen-year agreement with S.E.R. Sverige to cooperate regarding energy storage and grid system services. The mills in Grycksbo and Munkedal will provide space and grid connections for battery installations. The contribution to EBITDA is estimated to SEK 10-30 million annually for the first two years of operation starting 2025.

Huhtamaki has achieved recognition as a Climate Leader in Europe, a commendation bestowed by the esteemed Financial Times. This prestigious acknowledgment is reserved for top-tier European companies with revenues exceeding €40 million, selected from a pool of nominees. The selection criteria are stringent, focusing on companies that have significantly reduced their Scope 1 and 2 emissions intensity between 2017 and 2022.

International Paper announced the progress on its Vision 2030 sustainability targets and published reporting against the Sustainability Accounting Standards Board (SASB) disclosures and Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

In the face of an unprecedented historic wildfire season, Rayonier's fire crews united across state lines to fight wildfires in the Southwest U.S.

Sofidel, a leading global provider of paper for hygiene and household use, has been awarded the prestigious SEAL Environmental Initiatives Award for its exemplary work on the Amazonia project. The SEAL Awards, an environmental advocacy organization, recognize and honor individual programs that drive environmental progress and demonstrate leadership and commitment to a sustainable future.

Fighting Fires Together campaign raises awareness and helps address mental health challenges of wildland firefighting.

The fire was reported at the Packaging Corporation of America on Belton-Honea Path Highway, according to the Honea Path Fire Chief Jimmy Smith. Smith said two employees were taken to the hospital for smoke inhalation.

Canfor has announced it is permanently closing its Polar sawmill in Bear Lake, B.C., shutting a production line at its Northwood Pulp Mill in Prince George, and suspending its "planned reinvestment" in Houston, B.C.

The building was filled with stacks of shredded paper that were burning, making it difficult to isolate the source of the fire.

The Occupational Safety and Health Administration (OSHA), the Calhoun County Sheriff's Office and Bruce Police are working together to determine what happened.

Georgia-Pacific announced on May 6, 2024, to its employees at the Milan corrugated plant that the facility will permanently close by July 6. During the next 60 days, operations will continue at the plant before a safe and orderly shutdown begins.

According to the WARN notice, Graphic Packaging will permanently lay off 73 workers July 9-23.

R.R. Donnelley, or RRD, is letting go of 201 employees at its West Caldwell location, which they will be closing, according to a notice filed with the New Jersey Department of Labor.

Since its establishment, the De Pere mill has specialized in the production of wet lap fiber, with the capability of producing 450 tons per day of quality sustainable fiber.