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"Country Risk" takes on a whole new meaning

If you are considering siting a new facility in California, proceed with caution.

The PM40 closed Friday, 1 November 2019, at 3146.

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

Insider Trading

Reported insider trading since the last issue of PaperMoney.

RearView

The PM40 closed 1 November 2019 down 10.4% from the 2 November 2018 level.

Disconnected Comparisons

In this issue of Disconnected Comparisons, we evaluate Mercer International and Kimberly-Clark.

Just in....

Just in...

-Detergents for Pulp and Paper Market 2019 Global Analysis & Forecast to 2025 Market Research Report
-Alaska US Navy Veterans Lung Cancer Advocate Now Appeals to a Navy Veteran or Person with Asbestos Exposure Lung Cancer in Alaska To Call For Direct Access to the Lawyers at Karst von Oiste-Get Compensated
-Industrial Gas Regulator Market 2019-2023 \| Evolving Opportunities with Air Liquide and Air Products and Chemicals \| Technavio
-Rockwell Automation Inc (ROK) Q4 2019 Earnings Call Transcript
-Sustainability Now Drives More Consumer Purchasing Decisions, According to New Data from 2019 Paper & Packaging Consumer Trends Report
-Devil in the detail in Daniel Andrews' logging announcement
-Tire derived Fuel Market by Top Manufacturers, Demand and Growth Overview 2019 to 2024 \| Ragn-Sells Group, Liberty Tire Recycling, ResourceCo, Lakin Tire West
-Alabama US Navy Veterans Lung Cancer Advocate Has Endorsed the Law Firm of Karst von Oiste To Help with Compensation for a Navy Veteran Who Now Has Lung Cancer in Alabama Because of Asbestos Exposure

Earnings & Dividends

Market News of Note

Norbord Announces Indefinite Curtailment of Line 1 at Cordele, Georgia OSB Mill

Norbord Inc. announced that effective mid-November, it will indefinitely curtail production on Line 1 of its two-line oriented strand board (OSB) mill in Cordele, Georgia until further notice.

Canadian Mills' Woes Drive Up Lumber Prices

Acquisition could point to Nine Dragons entering U.S. box market

Corner Brook Pulp and Paper ceasing production on No. 7 machine for 11 days

Brazil's exports of wood-based products fell 22 percent in August

Rayonier Advanced Materials Announces Price Increases on Cellulose Specialties Products

Domtar to Reduce Papermaking Capacity at Two Mills

Fortress Global Enterprises Announces Market Downtime

Supplier News

Valmet to supply a coated board machine to Graphic Packaging

The board machine will produce coated recycled board (CRB) grades (white line chip board, WLC grades) with an annual capacity of approximately 500,000 short tons which corresponds to 454,000 metric tons.

GE signs multiyear services agreement with Sappi in Austria

Pinnacle Renewable Energy to supply 100 thousand tonnes of industrial wood pellets to Japan's Mitsui

DuPont Announces 2030 Sustainability Goals

Kemira announces a multi-million investment in water treatment chemicals production in the UK

Voith and SCA Partner to Build A World-leading, Innovative Production Line At the Obbola Paper Mill

WIELAND Awarded New Coated Recycled Mill Project in Michigan

DuPont to Acquire Membrane Business from Evoqua Water Technologies Corp.

Environmental

Domtar Commits to Pursuing Forest Stewardship Council® Certification of Wabigoon, Trout Lake Forests In 2020, 2021

Domtar Corporation announced a pledge to pursue new Forest Stewardship Council® (FSC) certification standards for the Canadian government lands that the company manages in the Wabigoon forest (in 2020) and Trout Lake forest (in 2021).

DS Smith Recycling and Co-op Sign New 5-Year Contract

Environmentalists have a new target: Charmin toilet paper

Pixelle responds to emissions near Chillicothe, Ohio paper mill

Södra says breakthrough will enable large-scale textile recycling

UPM invests in Germany to reduce costs and emissions while increasing flexibility to participate in electricity markets

APP rebuts article linking it to haze-causing fires

DS Smith to expand coffee cup recycling in Europe

Amusing & Interesting

Major Announcements

Metsä Wood to open a new terminal in the UK

On 1 November 2019, Metsä Wood is opening a new terminal in Ipswich, Suffolk, UK for landed joinery sales.

Two South Carolina Georgia-Pacific mills to be idled, affecting 240 workers

Fortress Global Enterprises Announces Receipt of Notice of Delisting Review From TSX

Quad plans to sell $200M book business

Södra Cell to be split into two product categories: Paper Pulp and Bioproducts

Nine Dragons plans India unit near Paradip

BillerudKorsnäs inaugurates the world's most modern board machine

President Trump visits, praises new Pratt mill in Wapakoneta, Ohio

Reference Library

S & F Arguments

Strategic & Financial Arguments Newsletter

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

Reported Risk

Risks: Fires, Fatalities and Catastrophes in 2019

Incidents in 2019: We are updating this list as these happen in the pulp, paper and forest products industry

Risks: Fires, Fatalities and Catastrophes in 2018

Risks: Fires, Fatalities and Catastrophes in 2017

Closures/Reductions

Closures and cutbacks in 2019

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

Corporate SEC Filings

Latest Filings

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

Corporate Finance

Latest Financial News from Manufacturers

Other Corporate News

Corporate Press Releases

What they want us to know...

Labor & Union Actions

News from the union point of view...

Mergers & Acquisitions

Stora Enso has Completed the Divestment of its Stake in the Dawang Paper Mill

After this transaction, Stora Enso has no paper production in China.

International Paper Completes the Sale of Its India-based Printing Paper Business

Clock ticks down as Fort Frances reaches out for buyers for paper mill

ArborGen Leases Brotale Nursery to Expand Brazil Operations

Huhtamaki adds manufacturing capacity in India to speed up growth

Huhtamaki to expand to flexible packaging manufacturing in South Africa

Management buyout saves Aberdeen paper mill

Rengo acquires Nishihara-Shigyo in Japan

Norkse Skog sells Australia mill to Visy

Park Falls mill sale falls through, heading to liquidation market

LP Announces New Investments in Prefinishing Capabilities

Nippon Paper brings fight to Visy with $1.7 billion Orora acquisition

Ahlstrom-Munksjö Explores Strategic Opportunities for Its Decor Paper Business

Voith Group to acquire BTG

DuPont to Acquire Ultrafiltration Membrane Business from BASF

Universal Forest Products acquires Hartford, Wisconsin-based Pallet USA

Flambeau River Papers mill conditionally approved for sale to Element Ventures

AstenJohnson announces end of proposed transaction to merge Heimbach and AstenJohnson PMC businesses

Quad Sells Its Heavy-Duty Industrial Wood Crating Business Transpak to FCA Packaging

Fortress Global Enterprises Announces Strategic And Financial Initiative

Legal

Ex-Weyerhaeuser finance manager charged with fraud, theft

Federal prosecutors have filed criminal charges against an ex-finance manager from Weyerhaeuser who is accused of stealing at least $4.5 million from the timber business.

Ex-DuPont CEO Claims No Intent to Burden Chemours with Unlimited Liabilities

Liqui-Box sells bag-in-box business to get green light for DS Smith deal

Quad/Graphics to pay nearly $10M to resolve overseas bribery charges

Former Smurfit chief Gary McGann loses tax appeal

Fort Frances moves to seize paper mill equipment for unpaid taxes

Tax board changes mind on Expera appeal

UK CMA Says It Could Accept Undertakings For Liqui-Box, DS Smith Deal

Major Expenditures

Enviva to build a new wood pellet plant in Alabama

Enviva is to build a new production plant in Alabama. The company is expected to invest around $175 million (Euro 159.2 million) to build the plant.

Brazilian paper producer Klabin to invest 3.8 bln reais in Puma 2 next year

Finnpulp increases its investment assessment in bioproduct mill in Finland to Euro 1.6 billion