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 the late Charles Boyd, founder and chairman of The Appleton Coated Paper Company, who was posthumously inducted into the Hall of Fame back in 2001.

The PM40 closed Friday, 17 June 2022, at 3876.

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 Boise Cascade and PCA.

The PM40 closed 17 June 2022 down 5.3% from the 18 June 2021 level.

Reported insider trading since the last issue of PaperMoney.

On June 28th at 11:00 EASTERN TIME, NOREXECO, the world's only international regulated market for trading pulp and paper derivatives, will fully explain the current state and outlook of the pulp markets in North America. Companies have historically utilized these same financial instruments for mitigation of pricing risk for energy, currency exchange, and numerous commodities, and attendees will learn that leveraging the same strategies for pulp is no different, and NO PHYSICAL DELIVERY IS REQUIRED.

Strong market conditions have continued in all UPM businesses.

Valmet to lay off 50% of its employees in Russia as part of its plan to leave the country. Company has a total of approximately 140 employees in Russia, working primarily in sales, engineering, maintenance and financial administration. Valmet does not have production in Russia.

Consumers are increasingly looking for products which are natural, safe to use and have a low environmental footprint.

Should men open doors for women?

Stora Enso has started a feasibility study at its paper production site in Langerbrugge, Belgium, for the conversion of one of the two paper lines into a high-volume recycled containerboard line.

Ahlstrom-Munksjö now takes the next step in its strategy execution. Through a clearly defined purpose, sharper strategic focus and ambitious sustainability targets, the company is accelerating its pace of execution with the vision to become the Preferred Sustainable Specialty Materials Company. Following the ownership reorganization of its Decor business, estimated to be completed by the end of the third quarter of 2022, Ahlstrom-Munksjö plans to change its business name to Ahlstrom.

Read the monthly newsletters here or subscribe and have them emailed to you hot off the press!

Incidents in 2022: 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...

Boise Cascade Company announced that it has reached an agreement to acquire Coastal Plywood Company, including its two manufacturing locations, from Coastal Forest Resources Company for $512 million, subject to certain closing adjustments. The Company currently plans to fund the transaction and closing-related expenses from its existing cash balances.

Jim Irving, who along with his brother Robert, serves as co-CEO of J.D. Irving Ltd., appears on a list of 26 Canadians who are banned from entering Russia.

PotlatchDeltic Corporation is investing $131 million to expand and modernize its Waldo sawmill located in Columbia County, Arkansas. The project will increase the mill's annual capacity from 190 million board feet of dimensional lumber to approximately 275 million board feet. The investment will also reduce the mill's operating costs significantly.

Sonoco announced that Rob Dillard, who most recently served as the Company's Chief Strategy Officer, has been named Chief Financial Officer, effective July 1, 2022.

Mondi, a global leader in packaging and paper, has collaborated with Austrian mechanical engineering company EW Technology to launch a new machine for paper pallet wrapping that is more efficient and sustainable on small-to-medium production lines.

Paper bottles