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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 140 papermaking innovators and legends have been enshrined. This month, we profile Lothar Göttsching, who was inducted into the Hall of Fame in 2007.

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The PM40 closed Saturday, 12 September 2020, at 2992.

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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The PM40 closed 12 September 2020 up 1.7% from the 13 September 2019 level.

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In this issue of Disconnected Comparisons, we evaluate Kimberly-Clark and 3M.

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Reported insider trading since the last issue of PaperMoney.

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Just in....

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Earnings & Dividends

Market News of Note

SCA increases the price on bleached softwood kraft pulp (NBSK) by $40 per tonne. The new price, $880 per tonne, is valid from October 1, 2020.

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Supplier News

The Finnish government's investment firm Solidium backs Valmet's decision to not sell its holding in newly-formed valves maker Neles to Swedish engineer Alfa Laval, Solidium's chief executive said.

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Environmental

The companies responsible for the pollution, NCR Corporation, Georgia-Pacific and Glatfelter, are paying for the cost of the project and will continue to pay into follow-up costs as the river continues to recover from the pollution. Cleanup costs are estimated to have reached $1 billion.

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Amusing & Interesting

Major Announcements

LSC Communications, formerly known as Courier Kendallville, was adding multi-million-dollar expansions to the city as soon as three years ago. Now, the plant is expected to permanently close, with employee terminations starting on Oct. 1 and expected to be completed just before Christmas.

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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 2020 | fire, accidents, fatality, disaster, explosion, pulp, paper, industry,

Incidents in 2020: 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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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

CJK Group, Inc. announced that it has acquired content services business Cenveo Publisher Services and Cenveo Learning from Cenveo Worldwide Limited, and will be merging them with its own content business Sheridan Journal Services and hosting platform Sheridan PubFactory to form KnowledgeWorks Global Ltd. (KGL).

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Legal

Paper Excellence is offering a $6.2 million loan to its subsidiary, which is designated to cover its obligations to laid off unionized, non-unionized and retired employees.

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Major Expenditures

Stora Enso has decided to invest approximately EUR 79 million in a new production line for cross laminated timber (CLT) at its Ždírec sawmill in the Czech Republic. The investment will further enhance Stora Enso's position as a global provider of high-quality engineered wooden elements and as a market leader in CLT.

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Operations News

Growing consumption and demand for more sustainable packaging is boosting the need for new innovations. To develop solutions for packaging today and into the future, Metsä Board, part of Metsä Group, has started up operations in its new Excellence Centre at the unique bioeconomy site in Äänekoski, Finland.

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Rationalizations

Restructurings

A comprehensive examination of the framework conditions has shown that it is not possible to continue production on the board machine in Hirschwang an der Rax, Lower Austria, economically.

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Final Word

The Final Word by Helen Roush

Mill Rock Packaging Partners

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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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