Joint Venture

Bast Fibre Technologies Inc. (BFT), the makers of sero™ hemp fibre, announced that it has closed a major strategic financing with Ahlström Capital of Finland. BFT will immediately begin work to expand fibre manufacturing capacity at its US-flagship facility in Lumberton (NC) and its EU-facility near Düsseldorf (NRW).

Sonoco ThermoSafe, a unit of Sonoco and one of the largest global providers of temperature assurance packaging, and United Cargo are pleased to announce a global lease agreement for the new Pegasus ULD® temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD® containers directly from United Cargo.

UPM Timber and Lassila & Tikanoja have established a new recycling concept, in which used plastic wrapping is picked up from the customers and recycled into new wrappings. The customers also receive a compensation for the recycling collaboration.

Ahlstrom-Munksjö, Metsä Fibre and 3M, with the help of Earthworm Foundation, continue their close collaboration in responsible wood sourcing.

Huhtamaki and Stora Enso have joined forces to launch a new paper cup recycling initiative, The Cup Collective.

Sonoco ThermoSafe, a unit of Sonoco one of the largest global providers of temperature assurance packaging, and American Airlines Cargo, a trusted airline partner in transporting high-value, time and temperature sensitive shipments, are pleased to announce a global partnership lease agreement for the new Pegasus ULD® passive temperature-controlled bulk shipping container.

The 3D fibre product demo plant jointly owned by Metsä Group's innovation company Metsä Spring and Valmet was inaugurated in Äänekoski on Monday, 22 August 2022. The demo plant was inaugurated by Minister of Science and Culture Petri Honkonen, President and CEO of Metsä Group Ilkka Hämälä and CEO of Valmet Pasi Laine.

UPM and Dongsung Chemical announce a development partnership that will accelerate the introduction of renewable, sustainable forest-sourced materials into the Asian market and reduce fossil resource consumption.

WestRock Company, a leading provider of sustainable paper and packaging solutions, has delivered its flexible and efficient Cluster-Pak® EvoTech™ packaging solution for a joint partnership between Budějovický Budvar and Mattoni 1873 to advance their shared commitment to improving circularity in the Czech Republic.

Viken Skog and the Swedish packaging manufacturer BillerudKorsnäs are collaborating to establish a wood pulp facility in Treklyngen Industripark, the area Viken Skog bought after Norske Skog Follum shut down paper production in 2012.

CMPC, one of Latin America's largest pulp and paper companies, has announced a partnership with CNI and SOSA, the global open innovation company, to improve the efficiency and sustainability of CMPC's forestry supply chain in Brazil.

Mondi, a global leader in packaging and paper, has collaborated with Essity and Dow to create new, recyclable secondary packaging for Essity's feminine care products, using renewable materials and post-consumer recycled content that reduces use of fossil-based materials.

Heinzel Holding GmbH and Paracel S.A. jointly announce that Heinzel has entered into an investment agreement to become the strategic equity investor in Paracel, an afforestation and pulp mill project in Paraguay, South America.

Stora Enso and Northvolt are joining forces to create sustainable batteries using lignin-based hard carbon produced with renewable wood from the Nordic forests. The aim is to develop the world's first industrialised battery featuring anode sourced entirely from European raw materials, lowering both the carbon footprint and the cost.

Stora Enso and Tetra Pak are jointly examining a shared beverage carton recycling solution to meet the growing recycling need in Benelux, responding to the demand for circular paper-based packaging solutions.

The Board of Directors of Southeastern Timber Products LLC, an STP-Tolko Partnership (STP) are pleased to announce a $150 million USD capital investment in the STP lumber mill in Ackerman, Mississippi. The partnership is a joint venture between Tolko Industries (U.S.) Ltd. and STP Holdings, LLC. This investment is the next step in an expansion project that will upgrade the mill from 120MMFBM to 250MMFBM annual capacity. The project will conclude in the first quarter of 2024.

Sonoco ThermoSafe's Pegasus ULD® is the world's first FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use, which enables it to speed through international air freight handling and customs processes at the lowest possible cost.

One million garments made from post-consumer textile waste and renewable wood. The result of a new collaboration between Södra and Lindex will be included in the Scandinavian fashion company's assortment from early 2023.

Essity and UNICEF in Mexico have signed a new three-year agreement to jointly educate and drive awareness of the importance of good hand hygiene and to break taboos around menstruation. The project, "Hygiene is our right", highlights the rights of children and young people in relation to health, education and gender equality.

Gatik, the market leader in middle mile logistics, today announced a multi-year commercial partnership with Georgia-Pacific, one of the world's largest manufacturers and distributors of tissue, pulp and paper-based packaging, and KBX, the transportation arm for Koch Industries and an independent Koch company. Under the partnership, Gatik will automate part of the Georgia-Pacific-KBX on-road transportation network in the Dallas-Fort Worth metroplex, delivering goods round the clock, 7 days a week across a network of 34 Sam's Club locations.

Klabin, the largest producer and exporter of paper packaging and packaging paper in Brazil, in partnership with Ponsse, the Finnish manufacturer of forest harvesting equipment, developed a pioneering forestry machine named Harbunk. With technology to fulfill all stages of wood harvesting of the whole tree system (Full Tree), the novelty of the market also increases productivity and lowers the costs of this operation, especially in small areas.

Rottneros has started a collaborative project together with Söderberg & Partners in the area of circular economy. The aim is to achieve measurable targets as part of the Group's sustainability work and potentially increase shareholders' opportunities for returns.

Mondi, a global leader in packaging and paper, has collaborated with Austrian mechanical engineering company EW Technology to launch a new machine for paper pallet wrapping that is more efficient and sustainable on small-to-medium production lines.

Stora Enso and wood technology company Modvion are partnering to establish wood as the material of choice for wind turbine towers. The collaboration's purpose is to demonstrate the vast possibilities in using wood in demanding constructions.

Sonoco, one of the leading global sustainable packaging companies, announced favorable results from a recent study by trial with Sustana in collaboration with Kellogg's, providing new opportunities to recycle paper containers.