Major Announcements

Paper Excellence has allocated $550 million in capital investments to refurbish and upgrade the facility.

Global Win Capital Corporation (GWCC) ultimately owned by Shanying International, announced the appointment of Michael Grimm as its new president and chief executive officer. Grimm assumes day-to-day leadership of the North American business unit and underlying investment in North America which includes Phoenix Paper Wickliffe LLC. Mr. Grimm brings more than 30 years of relevant manufacturing experience to his new role.

Truvant, a global provider of high-quality packaging services solutions, recently signed a lease and has begun interior construction of a world-class 355,517 square foot building in Hazlet, TX, within the Dallas/Fort Worth metro area. The latest expansion supports Truvant's continued growth and will increase its global network of packaging services facilities, allowing it to better serve its customers in North America. The facility is expected to open in early 2022.

The Supervisory Board of Lenzing AG, the world's leading producer of wood-based cellulosic fibers, has come to a mutual agreement with its longstanding Chief Executive Officer Stefan Doboczky to end his contract.

The Kemi bioproduct mill project of Metsä Fibre progressing according to plan and the mill's foundation stone was laid 13 September 2021. The foundation stone was laid to the area of fibre line of the new mill by Ismo Nousiainen, CEO of Metsä Fibre, Jari-Pekka Johansson, Project Director of the Kemi bioproduct mill project, and Mika Vuoti, the on-site contact person.

Resolute Forest Products Inc. announced that the board of directors appointed, effective today, Duncan K. Davies as an additional member of the company's board, and that Mr. Davies will succeed Bradley P. Martin as the company's non-executive chairman.

In this newly created, standalone role, Mr. Owenby will be responsible for all Pactiv Evergreen operating functions globally, assuming the operations leadership responsibilities that Mike Ragen, Pactiv Evergreen's Chief Financial Officer (CFO), accepted in 2018.

Kimberly-Clark Corporation has announced a series of executive leadership changes in support of its global business.

Lecta announces a change to its senior leadership team. Eduardo Querol, Group's CEO, will step down from that role and will become Vice Chairman of the Group and Special Advisor to the Chairman.

John Begley, who has been the CEO of Columbia Pulp LLC throughout the local private company's eight-year existence here, announced his retirement effective Sept. 3.

Metsä Group's innovation company Metsä Spring Ltd has made an equity investment in Innomost Ltd, a startup converting forest industry side streams into high-value bioactive products.

Interfor Corp. will reopen an idled sawmill in southwestern Louisiana, creating 170 jobs at the facility.

Amcor plans to invest over $10 million in MSU's School of Packaging - the largest investment in the history of the university's College of Agriculture and Natural Resources (CANR), under which the School of Packaging sits.

CompanyBox, the Charlotte-based corrugated packaging company, reported a significant expansion in capacity and nationwide corrugated digital print solutions with the multi-million dollar investment in a second HP C500 press. The purchase adds to its robust suite of digital equipment and further strengthens capabilities for all sizes of business.

International Paper subsidiary Sylvamo has chosen an East Memphis headquarters after being awarded a jobs Payment-In-Lieu-Of-Taxes inventive by the Economic Development Growth Engine for Memphis and Shelby County.

After a period of time to ramp up production, the machine is expected to resume full operation in January 2022, allowing Domtar to add 185,000 tons of uncoated freesheet capacity to its manufacturing network.

Truvant, a global provider of high quality, scalable packaging and display solutions, recently opened a new facility in Indianapolis, Indiana. The latest expansion supports the growing Truvant company portfolio and increases its operational footprint to 15 facilities around the world.

Roseburg Forest Products will expand its operations in the southeastern United States with the construction of a high-capacity lumber mill in the town of Weldon, N.C. Gov. Roy Cooper announced the project at a joint news conference with officials representing Roseburg, the state of North Carolina, Halifax County and the Town of Weldon.

The bill passed 63-35 in the Assembly and 20-12 in the Senate. It would allow the Wisconsin Economic Development Corporation to provide a timber cooperative, which is made up of people throughout the timber industry in the state, a $50 million loan to purchase the Verso Mill in Wisconsin Rapids and a $15 million loan to purchase the Flambeau River Papers Mill in Park Falls.

In 2021, Mercer Celgar is embarking on a capital investment project to upgrade our existing woodroom. This project has a total cost of $31.4 million, of which $4.5 million is funded through Natural Resources Canada's Investments in Forest Industry Transformation (IFIT) program.

Greif, Inc., a global leader in industrial packaging products and services, announced today that Pete Watson will retire as Greif's President and Chief Executive Officer effective February 1, 2022. This announcement concludes a thoughtful and comprehensive, multi-year succession planning process. The Board of Directors has elected Ole Rosgaard to succeed Mr. Watson as President and Chief Executive Officer effective February 1, 2022. Mr. Rosgaard will serve as Chief Operating Officer of the Company until that time.

Green Bay Packaging ceremonially cut the ribbon on its new $500 million mill Thursday, June 17.

Georgia-Pacific broke ground on a state-of-the-art gypsum wallboard production facility near Sweetwater.

Louisiana-Pacific Corp. said it will break ground this week on a $150 million conversion of its mill in New Limerick to turn out the company's flagship siding and trim product.

Reducing carbon dioxide emissions, water protection, and using energy more efficiently are key targets of Kotkamills' strategy. In 2020, significant investments were made to improve the mill's energy efficiency. The aim is to complete the big project to reduce the wastewater treatment plant's load and the mill's carbon dioxide emissions by August 2021. Investment projects stretching also into 2022 have been launched.