Recent Articles

International Paper Co.'s top boss traveled to London to reaffirm his company's commitment to merger partner DS Smith Plc, downplaying a takeover offer from Suzano SA that threatens to derail their pending $7.4 billion deal, according to people with knowledge of the matter.

The new collective labour agreements will have a two-year contract period and will enter into force immediately. The agreed wage increases in the collective agreements will take effect from 1 July 2024.

Sundsvall's new Logistics park and SCA's new container port have been officially inaugurated. This means that a process that began in 2008 has reached its goal and one of the region's biggest investments in sustainable transport can begin to create benefits for the green transition in northern Sweden.

How well do you know your coworkers?

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 Tad Bretting, who was president and CEO of C.G. Bretting Manufacturing Company in Ashland, Wisconsin, who was inducted into the Hall of Fame in 1999.

The PM40 closed Friday, 14 June 2024, at 5539.

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 14 June 2024 up 11.3% from the 16 June 2023 level.

In this issue of Disconnected Comparisons, we evaluate Quad and Universal Forest Products.

Hygiene and health company Essity is presenting new financial targets based on the company's portfolio following the divestment of the subsidiary Vinda. The new targets are an increase in ambition with an emphasis on profitable growth and are based on the company's robust platform with leading positions in growing and attractive markets.

The recent financing, which includes new capital investment and amendments to the Company's credit facilities, was completed in collaboration with the Company's existing lenders and has substantially bolstered the Company's cash liquidity position.

Conifex Timber Inc. announced that it has completed a $25 million secured term loan with PenderFund Capital Management Ltd. ("Pender"), an independent investment firm located in Vancouver, British Columbia, Canada. A portion of the term loan was utilized to repay and retire Conifex's existing lumber segment credit facility with Wells Fargo Capital Finance Corporation Canada in the amount of approximately $11 million. The balance of the term loan will be available for working capital and general corporate purposes.

According to GEF, the tube and core and protective packaging products price increase is a consequence of the URB price increase, the primary raw material contained in those products.

This price action is necessary to offset increased input costs, the company insists.

Sonoco-Alcore S.a.r.l. announced today that due to continued inflationary pressure on the business, it will raise prices by 7% on all tube and core grades sold in the company's EMEA regions. The increase is in direct response to the continued escalation of its cost base and will be effective for all shipments made on or after 15th June, 2024.

Greif, Inc., a world leader in industrial packaging products and services, announced it is implementing a $50 to $70 per short ton increase for all grades of uncoated recycled paperboard (URB) products.

Following the announcement of 25th March 2024, Sonoco announced it is implementing a further price increase as input costs have continued to rise beyond our initial estimation.

Valmet estimates that net sales in 2024 will remain at the previous year's level in comparison with 2023 (EUR 5,532 million) and Comparable EBITA in 2024 will increase in comparison with 2023 (EUR 619 million).

Strategic acquisition provides enhanced quality and sustainability for food and beverage and institutional customers.

The project is scheduled to be completed by the end of 2024.

Runtech delivers a ropeless tail threading systems to Munksjo Caieiras Ltda, Brazil. The delivery includes Runshooter technology with detailed engineering and startup support. With the upgrade Caieiras targets more fluent and faster tail threading and improved operator safety.

Solenis, a leading global producer of specialty chemicals, announced it has acquired Aqua ChemPacs, LLC, on June 10, 2024.

Valmet has secured a contract to provide a 50 MW pellet-fired heating plant to Göteborg Energi AB, which will be located at Mölndal Energi's Riskulla site in Mölndal, Sweden. The plant, set to start operations in late 2026, will enhance the renewable energy capacity in the region​​.

Kemira upgrades its outlook for 2024, particularly for operative EBITDA. Kemira's end-markets have continued to recover, and Kemira's strong performance in both segments has continued.

Italian recycled cardboard manufacturer chooses ABB's L&W Autoline for automated paper testing.

Andritz has acquired the Finnish company Procemex, the global leader in integrated web monitoring and web inspection solutions for the pulp and paper industry. The acquisition further strengthens Andritz's automation and digitalization portfolio.