Recent Articles

Stora Enso secures wood supply for its Oulu packaging board site by acquiring Finnish sawmill company Junnikkala Oy. The acquisition, valued up to Euro 137 million, aims to ensure cost-efficient wood sourcing and bolster Stora Enso's wood products segment. Closing conditions include regulatory approvals, with completion expected by mid-2025.

​Metsä Board Corporation has initiated change negotiations regarding potential temporary layoffs at its paperboard and BCTMP mills in Finland. These talks will impact approximately 1,100 employees across seven mills: Joutseno, Kaskinen, Kemi, Kyro, Tampere, Simpele, and Äänekoski.

The company's announcement on Iowa's Worker Adjustment and Retraining Notification, or WARN, website states the Waukee facility will shut down Jan. 10, idling 88 workers.

Rayonier Advanced Materials Inc., a leader in High Purity Cellulose, today announced that its Jesup, Georgia facility has fully resumed operations ahead of schedule, following an isolated fire on October 11. All production lines have returned to producing on-grade material at full capacity.

Following the fire at Mondi's Stambolijski mill (Bulgaria) on Tuesday 24 September 2024, the Group has announced that it will permanently close the mill.

Paper Excellence Group announced the operational integration of the recently acquired Domtar Corporation (and other legal entities) and Resolute Forest Products with the legacy Paper Excellence business, forming a leading, unified forest products company in North America. This integration represents a strategic alignment of the companies' strengths, resources and expertise, creating a stronger organization poised for future growth and innovation, while maintaining the highest levels of environmental stewardship. Together, the companies will now be doing business as Domtar.

Metsä Group marked the inauguration of the bioproduct mill in Kemi on Wednesday, 23 October 2024. The mill was inaugurated by President of Finland Alexander Stubb, chair of Metsäliitto Cooperative's Board of Directors Jussi Linnaranta, and President and CEO of Metsä Group Ilkka Hämälä.

International Paper Co. plans to close its Cleveland, Tennessee, production plant after 61 years and cut 115 jobs, according to a filing with the state.

Stora Enso is of the view that the value in own use of the assets exceeds the achievable transaction value, and has therefore chosen to retain these operations within the Group.

International Paper will shut down its container facility in Statesville, resulting in the loss of 74 jobs, according to a filing with the N.C. Department of Commerce.

The project would create over 400 new jobs and increase the UK's self-sufficiency in this market by 30 percent.

KP Tissue Inc. and Kruger Products Inc., Canada's leading tissue products manufacturer, are pleased to announce the completion of the construction of a new plant on a site adjacent to the existing Sherbrooke TAD facility and the successful start-up of their new double-width light dry crepe (LDC) tissue machine with a capacity of 60,000 metric tons.

International Paper says it plans to close its facility in Kansas City, Missouri, but did not say how many employees would be impacted.

Huhtamaki is pleased to announce the commencement of smooth molded fiber (SMF) production at Huhtamaki's existing molded fiber facility in Lurgan, Northern Ireland. This expansion marks an important step in Huhtamaki's ongoing commitment to meeting the growing demand for sustainable packaging solutions.

Interfor Corp. is selling its three manufacturing facilities in Quebec and closing its corporate office in Montreal as the lumber producer plans to leave the province and focus on other parts of the company.

According to state filings, the employees were notified on Oct. 10 of the closure and were informed layoffs will take place on Nov. 18.

John Baird, Chairman of Canfor Pulp Products Inc. Board of Directors announced that Stephen Mackie has been appointed President and Chief Executive Officer of Canfor Pulp effective November 1, 2024.

International Paper confirmed Wednesday the company will cut about 650 total positions, including around 400 in Memphis. The company said it will provide severance packages, outplacement assistance and mental health resources to all affected employees.

Stora Enso confirmed that it postponed its weekly supplier payments for a one-week period in both June and September 2024.

This 30,000-square-foot facility extends service to Eastern Canadian customers and complements an existing network of three factories and two other terminals that collectively service North America-based customers.

Cascades Inc. announces organizational changes designed to support the Company's strategic growth by strengthening alignment, increasing agility, improving execution and accelerating decision making within the organization. These changes will take effect on November 11.

​Suzano S.A. has announced the resignation of its Executive Vice President of Finance and Investor Relations, Marcelo Feriozzi Bacci, effective November 30, 2024.

Quad/Graphics, Inc., a global marketing experience (MX) company, announced that it has entered into a definitive agreement to sell the majority of its European operations for €41 million (approximately $45 million) to Germany-based entrepreneurial private capital investment manager Capmont GmbH.

The marketing, sales and purchasing game has more dance steps than the latest Argentine Tango. It is this way because there are humans involved and they all come from different backgrounds. For clarification, here I am talking about the purchasing initiated by major pulp and paper companies, not the selling of their products.

The PM40 closed Friday, 1 November 2024, at 5830.

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