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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 Erling Sven Lorentzen, who was inducted into the Hall of Fame in 2012.

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The PM40 closed Friday, 15 September 2023, at 5073.

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 Glatfelter and PCA.

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The PM40 closed 15 September 2023 up 4.9% from the 16 September 2022 level.

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Reported insider trading since the last issue of PaperMoney.

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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

In an effort to address prevalent supply chain uncertainties and to maintain the commercial viability of its Graphic Paper business, Sappi Europe will keep prices for its Woodfree Coated Paper grades stable at today's level for the remainder of 2023.

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Supplier News

The delivery is scheduled for January 2025.

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Environmental

With a solid action plan and ambitious targets to reduce its carbon footprint by 2030.

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Amusing & Interesting

I can't hear you!

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Major Announcements

Georgia-Pacific said that approximately 525 jobs will be directly impacted by the decision to close the mill.

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Restructurings

Billerud is introducing a new organization whereby the company harmonizes and operates its business in two distinct geographical regions - Europe and North America. Billerud further appoints Andrei Krés as acting CFO, effective immediately.

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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 2023 | fire, accidents, fatality, disaster, explosion, pulp, paper, industry,

Incidents in 2023: 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 transaction represents the 70th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, Chairman and CEO of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed.

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Legal

Canada will challenge what Ottawa described as "unfair, unjust and illegal" U.S. duties on Canadian softwood lumber products, the trade ministry said on Tuesday.

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Major Expenditures

Canfor Corporation will be investing approximately $200 million to build a new state-of-the-art manufacturing facility in Houston, British Columbia, Canada. This low cost, high efficiency facility will have an annual production capacity of approximately 350 million board feet.

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Operations News

A paper mill near Escanaba will be temporarily laying off an unknown number of employees during a planned maintenance outage beginning the first week of October. Billerud said it is opting to idle its Escanaba Mill's paper machines during this outage due to a low demand for paper and inventory destocking. The company said it intends to take an additional week of market-related downtime following the maintenance to balance production with customer needs.

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Joint Venture

As part of this collaboration design concepts have been developed that have the potential to disrupt traditional product concepts and trigger transformative designs enable sufficiency, recyclability and reuse as well as the substitution of fossil materials.

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Final Word

The Final Word by Helen Roush

Company to use autonomous forklifts in the U.S.

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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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