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As I write this, it is all downhill from here. At least in the Northern Hemisphere--the summer solstice has come and gone, and days are getting shorter. Our Southern Hemisphere friends can look forward to winter and spring. From a business standpoint, we have met this year with some fear and trepidation. After the tariff scare of April, the stock market seems to be recovering. The pulp and paper industry seems to be a bit behind this.

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The PM40 closed Friday, 27 June 2025, at 5207.

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 Rayonier and UPM Kymmene.

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The PM40 closed 27 June 2025 down 4.5% from the 28 June 2024 level.

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Executive Order Tracker | tariffs, duties, United States, Canada,

The Trump Administration's executive orders cut across dozens of industries. This searchable tool breaks down the orders and their impact.

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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

Nordic Paper has entered into an agreement with a syndicate of financial institutions on a long term senior secured financing to Nordic Paper in the form of a Euro 275 million term loan B and a revolving credit facility of Euro 65 million.

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Supplier News

The combined company will unite complementary business models to further solidify Solenis' position as a global leader for water and hygiene solutions.

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Environmental

Ahlstrom's Thilmany facility, an over-100-year-old paper mill, received Focus on Energy's Energy Efficiency Excellence Award for 2025, with the program celebrating the plant's achievements over the last eight years.

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Amusing & Interesting

What is your current view of the pulp and paper industry?

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Major Announcements

The inauguration brought together nearly 20 clients from CMPC's pulp, boxboard, sack kraft, and wood businesses. Guests were welcomed into the company's newly remodeled offices and participated in a series of events aimed at reinforcing collaboration and mutual growth.

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Restructurings

Company to Exit Molded Fiber Business; Additional Facility Changes Planned

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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 2025 | fire, accidents, fatality, disaster, explosion, pulp, paper, industry,

Incidents in 2025: 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

The agreement was announced on April 9. All necessary approval and closing procedures and conditions have been satisfied. With four new facilities, Sofidel further strengthens its production footprint in the North American market, which today accounts for 50% of the Group's total revenue.

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Legal

The settlement requires Domtar to remove the PFAS-contaminated sludge from the site and dispose of it in a licensed landfill. Domtar will also be required to investigate the presence of PFAs in the sediment in surface water at the site, and pay $300,000 to the Michigan Department of Environment, Great Lakes, and Energy to help clear the site of PFAS.

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Major Expenditures

Ahlstrom, a global leader in sustainable specialty materials, has started a new state-of-the-art production line for molecular filtration media at its Turin site in Italy. This major investment strengthens Ahlstrom's leadership in the molecular filtration market and enhances its ability to serve the growing global demand for high-performance specialty materials. 

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Operations News

Approximately 290 employees will be affected by the closures, which will also reduce Canfor's U.S. lumber production capacity by 350 million board feet annually.

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Joint Venture

Rayonier Advanced Materials Inc., the global leader in High Purity Cellulose, and Verso Energy announced the signing of a new Memorandum of Understanding (MoU) to deepen their strategic collaboration. The agreement represents a major step forward in evaluating the development of a breakthrough facility in Jesup, Georgia, to produce electro Sustainable Aviation Fuel (e-SAF) and valorize biogenic carbon dioxide from RYAM's manufacturing operations.

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Final Word

The Final Word by Helen Roush

ProAmpac, a leading global flexible packaging company, announced that it has partnered with Western Michigan University to Advance Fiber Packaging Innovation.

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Wise Advertising

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

Having trouble reaching decision makers?

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The Fine Print

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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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