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Showing 27 articles from January 1, 2019.

Capital Projects

Earnings Announcements
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Departments

Employee Shortage Update
Employee Shortage Update

We last talked about the employee shortage in this column back on 3 Jul 2018. At the time we were talking about the bad manners of some people accepting a job offer and then either (a) not showing up or (b) walking off after a few days with no explanation. This is an update.

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PM40

The PM40 closed Friday, 28 December 2018, at 3063.

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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RearView

The PM40 closed 28 December 2018 down 27.7% from the 29 December 2017 level.

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Disconnected Comparisons

In this issue of Disconnected Comparisons, we evaluate 3M and Bemis.

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Insider Trading

Reported insider trading since the last issue of PaperMoney.

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Supplier News

ANDRITZ to Supply Process Technology for Fiberline Modernization to Iggesund Paperboard, Sweden

Start-up is scheduled for the fourth quarter of 2019

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PMP has Signed a Contract with South India Paper Mills Ltd., for Delivery of Two Core Technological Items

Start-up will take place at the beginning of 2020

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Valmet to Deliver Key Pulp Mill Technology for ARAUCO's New Pulp Line in Chile

New line is estimated to start operation in 2021

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Valmet to Supply a New Baling Line and Cutter Layboy Upgrade to Sappi Saiccor Pulp Mill in South Africa

Start-up is scheduled for the third quarter of 2019

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Valmet to Supply a New Brown Stock Washing and Screening Line to Sappi Saiccor Mill in South Africa

Start up in June 2020

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Market News of Note

Investment in Autonomous Forestry Machines

The machines that carry the harvested timber to the forest road

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IT Tech Packaging, Inc. Launches New Tissue Paper Production Line

Continuing to seek ways to grow our business

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Kimberly-Clark to Receive up to $28 Million in State Money to Keep Cold Spring, Wisconsin Facility Open

Saving good union jobs at this plant

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Sun Bio Begins Permit Process Second Time with New Product in Arkansas

Construction hopefully to start in late 2019 or early 2020

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UPM and United Bankers' Forest Funds have Signed a Contract on Forest Estate Transaction and Long-term Partnership

Will enhance predictability in the future

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Major Expenditures

Ahlstrom-Munksjö to Improve Energy Efficiency in Turin

Expected to be completed by the first half of 2020

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DS Smith to Upgrade RCCM PM at Witzenhausen Mill

Rebuild to improve paper quality

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Graphic Packaging to Invest $350M in Augusta, Georgia Paper Facility

Capital infusion will extend the life of the 60-year-old facility

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International Paper to Re-invest up to $150 Million in Coosa Mill

40 new jobs have been created

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Laakirchen Papier to Invest EUR 4.5 Million in PM 11

The first week of July 2019

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Mergers & Acquisitions

Greif to Acquire Caraustar Industries

Expected to close during the first quarter of calendar year 2019

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PotlatchDeltic Announces Agreement to Sell El Dorado MDF

Expected to close in first quarter 2019

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Final Word

The Final Word by Helen Roush
The Final Word by Helen Roush

Safety First

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Operations News

Canfor Extends Temporary BC Curtailment

Scheduled to resume production on January 7, 2019

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Lessebo Paper to Recommission Pulp Line in 2019

Investment is expected to create 20 to 25 new jobs

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Stora Enso Completes Co-determination Negotiations on Possible Temporary Layoffs at Oulu Mill

If needed, temporarily lay off will be for a maximum of 90 days during the first half of 2019

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