There is a packaging and paper industry analyst whom I have known for probably 25 years or so and whose opinions I read regularly. Currently he is in (awe) (disbelief) that margins in the containerboard sector are staying so high while operating rates have reached the sub-90% levels. I think the margin support is great news.

The PM40 closed Friday, 29 November 2019, at 3285.

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

Reported insider trading since the last issue of PaperMoney.

The PM40 closed 29 November 2019 down 6.7% from the 30 November 2018 level.

In this issue of Disconnected Comparisons, we evaluate Stora Enso and Universal Forest Products.

IT Tech Packaging, Inc. announced the commercial launch of a new tissue paper production line (the "PM9 Production Line"), following the success of its trial production, the receipt of its disposed wastewater discharge permits and construction completion acceptance from Chinese environmental authorities.

Kadant Black Clawson LLC, a subsidiary of Kadant Inc. (NYSE: KAI), announced it received an order from Papel San Francisco to supply a complete stock preparation and deinking line for its new tissue production line at its Mexicali, Mexico facility.

Asia's pulp and paper giants - which supply materials for stationery, tissues and toilet roll - are being urged by environmentalists to follow the palm oil industry in stepping up collaboration to tackle forest loss and fires in Indonesia.

LSC Communications, Inc. announced that it received notification from the New York Stock Exchange (NYSE) on November 20, 2019, that the Company is no longer in compliance with NYSE continued listing criteria, which require listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.

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

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

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

What they want us to know...

TC Transcontinental announced that it has reached a definitive agreement to sell its paper and woven polypropylene packaging operations to Hood Packaging Corporation for a price of US$180 million (about C$239 million) subject to working capital adjustments.

Northern Pulp and an associated company owe the province more than $85 million.

Irving Tissue's newest $470 million tissue plant is officially open in Macon, Georgia and based on a new, additional $400 million investment, will soon double its capacity.

Finnish Forest Industries Federation said on Wednesday it would hold a 6-day lock-out from Dec. 12, closing half of the Nordic country's sawmills and plywood factories, aiming to put pressure on unions in halted pay negotiations.

The Board of Directors of BillerudKorsnäs AB has appointed the current Chairman of the Board, Lennart Holm, as acting CEO from November 5, 2019. Petra Einarsson leaves as CEO with immediate effect.

Carbon Capture and Sequestration