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Celebrating all things paper: The wonder and the legacy, continued

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin 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 Eduard Küsters, who was inducted into the Hall of Fame in 1996.

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The PM40 closed Friday, 15 March 2024, at 5517.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

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In this issue of Disconnected Comparisons, we evaluate International Paper and Boise Cascade.

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The PM40 closed 15 March 2024 up 15.3% from the 17 March 2023 level.

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Unsettled Times

Thinking back over the decades, I can't hardly think of a time in the pulp and paper industry that was more unsettled than now. Whether it is the direction the industry is going, pricing, business solvency, or regulations, both domestically and abroad, suddenly it feels like everything is in turmoil.

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Just in....

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NOREXECO

Interview with NOREXECO | NOREXECO,

In this special episode, we talk with Stein Larsen, CEO NOREXECO ASA.

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Market News of Note

This increase is necessary to maintain the viability of Sappi's business, the actual amount will depend on the product.

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Supplier News

The project includes modifications to the machine for the new steam system and it is planned for start-up in the Q3 2024.

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Environmental

Rengo Co., Ltd. announces that its consolidated subsidiary Taiko Paper Mfg., Ltd. (TPM) has partnered with Biomaterial in Tokyo Co., Ltd. to commence a demonstration project to produce second-generation bioethanol, which is the raw material for sustainable aviation fuel (SAF).

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Amusing & Interesting

We like people and work hard!

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Major Announcements

Mercer Mass Timber, a subsidiary of Mercer International Inc., announced the launch of its mass timber erection division: Mercer Mass Timber Construction Services.

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Restructurings

Enviva Inc., a producer of wood-based biomass, disclosed the execution of two Restructuring Support Agreements (RSAs) with its creditors, aiming to reduce its debt by approximately $1 billion.

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S & F Arguments

Read the monthly newsletters here or subscribe and have them emailed to you hot off the press!

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Reported Risk

Risks: Fires, Fatalities and Catastrophes in 2024 | fire, accidents, fatality, disaster, explosion, pulp, paper, industry,

Incidents in 2024: We are updating this list as these happen in the pulp, paper and forest products industry

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Closures/Reductions

We are updating this list as these happen in the pulp, paper and forest products industry

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Capital Projects

We are updating this list as these happen in the pulp, paper and forest products industry

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Industree 4.0

Check out the monthly newsletters here or subscribe and have them emailed to you hot off the press!

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Corporate SEC Filings

Pulp and Paper Manufacturers report to the US Securities and Exchange Commission

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Other Corporate News

What they want us to know...

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Labor & Union Actions

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Mergers & Acquisitions

On December 15, 2023, Essity announced that Isola Castle Ltd, a company indirectly wholly owned by Asia Pacific Resources International Limited (APRIL), has announced that it will make a pre-conditional public offer to the shareholders of Vinda International Holdings Limited (Vinda) to acquire the shares in Vinda for a price per share of HKD 23.50.

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Legal

William Thompson was booked into the Cass County Jail after the Texas Department of Public Safety (DPS) executed a search warrant at his home on Monday, where alleged stolen items from Graphic Packaging were found by law enforcement.

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Major Expenditures

The woodyard at Irving Pulp & Paper in west Saint John, New Brunswick, Canada, is reaching new heights in technological advancement with a C$110-million (approx. $81 million) project to update how the site receives and stores woodchips.

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Operations News

The Paper Workers' Union has terminated its collective agreements with UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac and UPM Biofuels businesses to expire mid-term on 21 or 22 April 2024, depending on the agreement.

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Joint Venture

UPM Biochemicals announced another important milestone in the development of the world's first biorefinery in Leuna, Germany. In partnership with DB Cargo, the first deliveries of wood have now been made to Leuna by rail, establishing and testing the direct rail link to the Leuna operations' wood yard.

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Final Word

The Final Word by Helen Roush

Industrial waste heat from a local paper plant is being used to keep Ottawa-area buildings warm.

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Wise Advertising

Something to consider...
Something to consider...

Having trouble reaching decision makers?

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The Fine Print

At your service

Permission granted for reprinting, as long as entire articles are reprinted without modification or truncation.

"PaperMoney" is a registered trademark (USPTO Reg. No. 2947381) of Talo Analytic International, Inc.


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