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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 139 papermaking innovators and legends have been enshrined. This month, we profile the late Frank Sensenbrenner, who was inducted into the Hall of Fame in 1998.

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The PM40 closed Friday, 13 September 2019, at 3106.

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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Reported insider trading since the last issue of PaperMoney.

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In this issue of Disconnected Comparisons, we evaluate Graphic Packaging and Sonoco.

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The PM40 closed 13 September 2019 down 25.6% from the 14 September 2018 level.

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Just in....

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Earnings & Dividends

Market News of Note

Interfor Corp. plans to permanently close its Hammond sawmill in Maple Ridge, B.C., affecting more than 100 workers.

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Supplier News

Kadant Johnson LLC, a subsidiary of Kadant Inc. (NYSE: KAI), has expanded its Services division to enhance its offerings to the paper and corrugated packaging industries.

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Environmental

As many as 10,000 tree seedlings have been planted on degraded land in Riau province by giant paper producer Asia Pulp & Paper (APP), a subsidiary of Sinar Mas Group.

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Amusing & Interesting

Major Announcements

Interfor Corporation announced that long-time President & CEO Duncan Davies will step down on December 31, 2019 and that Ian Fillinger, currently the Company's Senior Vice President & COO, has been appointed President & CEO effective January 1, 2020.

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Reference Library

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 2019 | fire, accidents, fatality, disaster, explosion, pulp, paper, industry,

Incidents in 2019: 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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Corporate SEC Filings

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

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Corporate Finance

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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

AstenJohnson has announced the end of the proposed transaction to merge the Heimbach and AstenJohnson PMC businesses.

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Legal

Businessman Gary McGann has lost an appeal against tax treatment on two payments totalling €2.3 million which he claimed were a gift from SmurfitKappa's shareholders during his time as chief executive.

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Major Expenditures

Georgia-Pacific will invest up to $70 million to upgrade its plywood and lumber operations here adding advanced, innovative technology and systems, and helping sustain the more than 700 jobs at the facilities.

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Operations News

Fortress Global Enterprises Inc. announces that its wholly owned subsidiaries, Fortress Specialty Cellulose Inc. and Fortress Bioenergy Ltd. have entered into a financing agreement with their secured lenders or their affiliates, providing for a senior secured credit facility in the amount of up to $15,000,000.

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Rationalizations

Restructurings

WestRock Company announced Monday that it is reconfiguring its North Charleston, SC, paper mill to improve the mill's operating efficiency and long-term competitiveness.

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Final Word

The Final Word by Helen Roush | employees, management,

Management Resources

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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.

Be safe, and we will talk next week,


Jim Thompson

Paperitalo Publications
The Home of your Prospects (TM)


Paperitalo Publications LLC

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