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 Hannu Viljami Paulapuro, who was inducted into the Hall of Fame in 2012.

The PM40 closed Friday, 12 May 2023, at 4848.

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

In this issue of Disconnected Comparisons, we evaluate Sappi and Ennis, Inc.

The PM40 closed 12 May 2023 up 5.4% from the 13 May 2022 level.

Reported insider trading since the last issue of PaperMoney.

In this special episode, we talk with Stein Larsen, CEO NOREXECO ASA.

Destocking in the various product value chains has continued to hold back delivery volumes in most UPM's businesses, resulting in slower recovery of volumes than earlier expected. In addition, chemical pulp prices have fallen faster than expected, towards estimated bottom-of-the-cycle price levels. Finally, as indicated earlier, UPM has high maintenance activity during Q2 2023.

Valmet has decided to further strengthen its press felt production capabilities in Tampere, Finland, by investing in a new weaving machine and a new heat-setting machine in addition to the ongoing press felt investment announced in August 2022.

Clearwater Paper Corporation announced that the Science Based Target initiative (SBTi) has validated the company's climate targets. These targets include reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 29.1 percent and absolute Scope 3 GHG emissions by 25 percent by 2030.

Tattoos are OK...

Sylvamo, the world's paper company, is announcing senior leadership changes effective July 1.

UPM Plywood is planning to restructure its organization and scale its operations to meet the reduced production capacity and the deteriorating market situation. The company will begin employee negotiations involving 262 salaried employees in the staff and global functions, in the sales offices and in the Finnish mills.

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Incidents in 2023: 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

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...

Dura-Fibre acquired Greif Chicago Converting and will move its manufacturing operations to Menasha, the company announced last week.

A federal court in California dismissed a seven-year lawsuit brought by Resolute Forest Products against a number of Greenpeace staff members and entities, including Greenpeace International and Greenpeace USA. The Canadian logging company sued the Greenpeace defendants for CA $100 million in an attempt to silence and bankrupt them, after criticism of its unsustainable forestry practices.

Investment has created one of the most high-tech packaging plants in Europe.

There have been 115 cases of blastomycosis so far, the department said last week, resulting in 14 people -- workers, contractors or mill visitors -- being admitted to the hospital. One person has died.

As Resolute's new cellulose filaments plant at Kénogami, Quebec, Canada, paper mill nears completion, the company is focusing on bringing commercial volumes of this innovative biomaterial to the marketplace.

There are several innovative projects under way for energy reduction and renewable energy in the pulp and paper industry.