Recent Articles

Procemex, a new Andritz Group member has received an order from the Swedish paper mill SCA Obbola to supply OnePlatform Web Monitoring & Inspection System for their PM2, the world's largest high quality kraftliner machine.

The new equipment is estimated to be taken into operation by the end of 2026.

Spinnova Plc and Valmet have signed a Partnership Agreement. According to the agreement, Spinnova has appointed Valmet as the exclusive partner to supply process equipment to Spinnova's technology customers. The exclusivity is limited in time and scope and includes an exclusivity fee based on realized project deliveries. Spinnova does not expect this to have a material impact on its 2024 financials.

Vanessa Hellwing has been appointed to the ANDRITZ AG Executive Board as of January 1, 2025. She will succeed Norbert Nettesheim as Chief Financial Officer (CFO) on March 28, 2025.

When fully operational, it will be the world's largest single-line eucalyptus pulp mill with an annual production capacity of 2.55 million tons.

Vanessa Hellwing has been appointed to the ANDRITZ AG Executive Board as of January 1, 2025. She will succeed Norbert Nettesheim as Chief Financial Officer (CFO) on March 28, 2025.

The U.S. Department of Commerce announced the final determination of a combined anti-subsidy and anti-dumping duty rate of 14.54% in the fifth annual review of unfairly traded Canadian softwood lumber imports into the United States.

The U.S. Department of Agriculture's Forest Service announces a $25 million funding opportunity to reduce wildfire risk and support local businesses. The hazardous fuels transportation assistance program aims to remove hazardous fuels from national forests, expanding market opportunities and supporting local jobs. More details can be found on the Forest Service website.

The Washington Department of Ecology issued two penalties totaling $145,000 to Weyerhaeuser for stormwater violations at the company's Longview lumber mill.

ISN expands support of paper and packing companies worldwide through new partnership with global leader in ​​sustainable packaging.

Cascades is pleased to announce that its 60th anniversary mural project at its Kingsey Falls plant is now complete. The work was conceived and painted by Sherbrooke muralist Nicolas Lareau.

Metsä Group's pulp and sawmill business has once again achieved EcoVadis's highest level of recognition, the Platinum rating, for its sustainability efforts. Since 2019, Metsä Fibre has consistently been among the top one percent of pulp, paper, and cardboard manufacturers evaluated by EcoVadis. The company received particularly high marks (90 out of 100 points) for its responsible sourcing practices.

Lenzing receives highest CSR rating from EcoVadis for the fourth time in a row.

Program enhancements include increased scholarship amounts and expanded enrollment capacity.

Sofidel, a global leading manufacturer of paper for hygienic and domestic use, is partnering with the Pennsylvania, New Jersey and Delaware Chapter of the Italian Scientists & Scholars in North America Foundation (ISSNAF) to launch the 2024 ISSNAF-PND/Sofidel AI Innovation in Marketing Award. The winner will receive a $3,000 grand prize.

Sustainable consumer packaging company Graphic Packaging has entered into a virtual power purchase agreement with Zelestra, marking a significant step in its sustainability journey.

DS Smith's Recyclability Evaluation Service (RES) has launched for businesses of all sizes.

International Paper has an integrated board and executive-level governance structure to oversee and set the tone on Environment, Social and Governance (ESG) topics across our businesses. The full board periodically reviews components of our sustainability strategy and performance including material ESG developments and issues.

This honor marks LP's 12th win in the 16-year history of the award program, including consecutive wins in 2022 and 2023.

Industries are increasingly adopting circularity and advanced waste treatment methods to mitigate their environmental impact. The move towards a circular economy involves systemic change and rethinking production processes to minimize waste generation, promote recycling, and extend the lifecycle of materials.

UPM Energy makes the second phase investment in its innovative ultracapacitor project, which will further strengthen the ability of hydropower to balance the grid. The new installation will be located next to the Kuusankoski hydropower plant and is expected to be operational by summer 2025.

International Paper (IP) reaffirms its dedication to conserving forest ecosystems, nature and biodiversity with a $15.3 million investment to renew strategic alliances with key conservation partners, including the American Forest Foundation (AFF), National Fish and Wildlife Foundation (NFWF), The Nature Conservancy (TNC) and World Wildlife Fund (WWF). These collaborations are pivotal to IP's business strategy.

Reported insider trading since the last issue of PaperMoney.

The Paper Excellence Group announced that it has appointed Luc Theriault to president of its Wood Products business unit. The appointment is effective August 26, 2024.

GreenFirst Forest Products Inc. announces the hiring of Mr. Peter Ferrante as its new Chief Financial Officer. Mr. Ferrante will be assuming the role on August 14, 2024, following GreenFirst's second quarter earnings call.