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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 150 papermaking innovators and legends have been enshrined. This month, we profile the late Tad Bretting, who was president and CEO of C.G. Bretting Manufacturing Company in Ashland, Wisconsin, who was inducted into the Hall of Fame in 1999.

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The PM40 closed Friday, 13 January 2023, at 5373.

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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In this issue of Disconnected Comparisons, we evaluate International Paper and Nine Dragons.

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The PM40 closed 13 January 2023 up 12.1% from the 14 January 2022 level.

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Reported insider trading since the last issue of PaperMoney.

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Just in....

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NOREXECO

Interview with NOREXECO | NOREXECO,

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

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Market News of Note

This temporary reduction in output is expected to be mostly concentrated outside of Interfor's US South operating region.

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Supplier News

Runtech Systems will supply a vacuum system rebuild to Norske Skog Golbey PM1 in France. The delivery includes eight RunEco EP600 Turbo Blowers with EcoDrop water separators and two low vacuum blowers. With the new RunEco vacuum system, PM1 will gain significant energy and water savings.

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Environmental

Enviva fully supports the principle that financial assistance should only be provided for woody biomass that is sourced sustainably.

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Amusing & Interesting

Does your employer provide uniforms?

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Major Announcements

CellMark is introducing a new division: CellMark Packaging & Paper. The division is the result of a merger of its two existing divisions, CellMark Packaging and CellMark Paper.

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Restructurings

LSC Communications, which is closing two plants in Lancaster County, and will lay off about 656 people, will move the work at those two locations to its long-run print facilities in Maple Grove, Minnesota and Warsaw, Indiana.

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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 2023 | fire, accidents, fatality, disaster, explosion, pulp, paper, industry,

Incidents in 2023: 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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Capital Projects

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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Other Corporate News

What they want us to know...

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Labor & Union Actions

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Mergers & Acquisitions

Cosmo Specialty Fibers Inc. has gained new ownership following more than 12 years since the mill was bought by The Gores Group, a Los Angeles-based private equity firm, in 2010. The United Kingdom-based firm, Charlestown Investments, is the new owner.

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Legal

Domtar operated a disposal site for the waste from production from 1998 to 2020, when the Port Huron plant closed.

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Major Expenditures

Progroup has invested around Euro 72 million in the project at the site, which covers around 28,000 square metres, and created 50 new jobs.

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Operations News

Canfor Corporation will extend sawmill curtailments in British Columbia (B.C.) due to ongoing weak market conditions and the lack of available economic fibre, company announced.

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Joint Venture

Sappi Limited has partnered with EcoVadis, a global leader in third-party evaluations of business sustainability performance, to benchmark and assess the sustainability practices of Sappi's suppliers and encourage their commitment to the United Nations Sustainable Development Goals.

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Final Word

The Final Word by Helen Roush

Major winter storm wreaks havoc

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