Recent Articles

Nippon to launch household paper business in Yatsushiro Mill, primarily targeting exports.

Ingevity Corporation announced additional steps to advance the company's strategic repositioning of its Performance Chemicals segment for sustained improved profitability. Actions include consolidating segment operations at the company's North Charleston, South Carolina, facility by moving oleo chemical refining to the North Charleston site's secondary refinery. This consolidation will include closing its Crossett, Arkansas facility in August.

The company that owns the mill, Willamette Falls Paper Company, says it will lay off 158 of its 223 total employees on August, 9th. Affected employees were notified on August 6th.

Fire crews remain at the scene of a paper mill blaze more than 24 hours after they first arrived to tackle the flames.

The objective of the operation is to ensure the efficient functioning and reliability of the equipment at the unit.

DS Smith has injected more than €50m ($54.2m) into its Portuguese facilities over the past three years, underscoring its commitment to sustainability and innovation.

Senior Vice President Tom Plath to leave company at end of year.

I always say never bet against aluminum cans or toilet paper.

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 late Eduard Küsters, who was inducted into the Hall of Fame in 1996.

The PM40 closed Friday, 16 August 2024, at 5594.

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 16 August 2024 up 10.5% from the 18 August 2023 level.

In this issue of Disconnected Comparisons, we evaluate Boise Cascade and Clearwater Paper.

Adjusted EBITDA totaled R$6.3 billion, a 60% increase on 2Q23, reflecting higher pulp prices, favorable FX rates, increased sales volume, and reduced production costs compared to the same period last year. Operating cash generation totaled R$4.5 billion, the strongest quarterly result since 1Q23, and net revenue came to R$11.5 billion, the strongest quarterly result since 4Q22.

Pulp and paper producer says underlying profitability remains steady despite the third quarter being seasonally the weakest.

Continued strong demand in tissue, improved demand in paperboard.

Net loss was USD 0.077747 million compared to USD 1.25 million a year ago. Basic loss per share from continuing operations was USD 0.008 compared to USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 0.008 compared to USD 0.12 a year ago.

Interfor Corporation recorded a net loss in Q2 2024 of $75.8 million, or $1.47 per share, compared to a net loss of $72.9 million, or $1.42 per share in Q1 2024 and a net loss of $14.1 million, or $0.27 per share in Q2 2023.

Mercer International Inc., a prominent player in the pulp and lumber industry, reported mixed results for the second quarter of 2024. The company's EBITDA saw a significant decrease to $30 million from $64 million in the previous quarter, primarily due to planned maintenance at two of its mills.

Glatfelter Corporation incurred a second-quarter 2024 earnings per share (EPS) loss of 35 cents from continuing operations, narrower than a loss of 82 cents per share in the prior-year quarter.

In the second quarter, price and mix were favorable and input costs largely remained stable compared to last quarter.

Hugues Simon, who took over as president and chief executive in June, forecast third-quarter results would be stronger sequentially, driven by improved containerboard results as price increases are implemented and production efficiency levels are normalized following planned maintenance in the recent quarter as well as an unplanned extended downtime at the Bear Island and Greenpac operations.

July marked the two-year anniversary of the merger of SWM and Neenah to create Mativ.

For the six months, net income was USD 3.3 million compared to USD 27.3 million a year ago.

The quarterly earnings were $160 million or $2.23 per share, while the company reported loss of $20 million a year ago. On an adjusted basis, earnings were $2.09 per share.

ANDRITZ has provided key equipment for a new hardwood Neutral Sulfite Semi-Chemical (NSSC) production line and for a woodyard upgrade to packaging and paper producer Mondi at its containerboard mill in Kuopio, Finland.