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Showing 34 articles from June 3, 2019.

Departments

PM40

The PM40 closed Friday, 31 May 2019, at 3132.

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 31 May 2019 down 23.3% from the 1 June 2018 level.

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Disconnected Comparisons

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

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Is turmoil on the horizon?
Is turmoil on the horizon?

There seems to be plenty of pundits on the national and international stages rooting for turmoil, not just in our little pulp and paper corner, but in all sectors of world commerce. It's near Biblical in its sound, "There shall be wars and rumors of wars..."

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Supplier News

ÅF Pöyry awarded pre-engineering assignments for the Metsä Fibre investments in Kemi and Rauma, Finland

The target for the ongoing pre-engineering project is to create conditions for building a bioproduct mill with an annual production capacity of approximately 1.5 million tonnes of softwood and hardwood pulp to Metsä Group's current mill site in Kemi.

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Valmet delivers a new recovery boiler to ITC in India

Valmet will deliver a new recovery boiler and ash leaching plant to ITC`s Bhadrachalam pulp mill in India. The new boiler will replace three existing boilers. The start-up of the new recovery boiler is scheduled for late 2021.

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Valmet to deliver green liquor clarifier to Stora Enso Skoghall mill in Sweden

The start-up of the clarifier is planned for the spring 2020.

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Culture & Marketing

Pregis wins prestigious SAP innovation award for process innovation

The award is given to companies that best demonstrate the use of technology to redefine business processes and drive significant improvements to current operations.

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Smurfit Kappa receives top innovation award from Kellogg's in the Americas

The award was recognition for a recent project in which Smurfit Kappa redesigned the cereal giant's packaging to optimise its supply chain.

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Market News of Note

China increases log imports from New Zealand and Australia

From January through April, Chinese log imports from New Zealand jumped 21.8% y-o-y to 5.6 million m3 with import value $787.9 million, according to China Customs data.

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Feds invest $13.8M in Kruger biomass and paper projects

Kruger Inc. is receiving a $13.8 million investment from the federal government for biomass and recycled paper projects in Corner Brook, Newfoundland and Brompton, Quebec, respectively.

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Canada to invest $4.1-million to build 10-story tall wood building in Toronto

Construction of The Arbour, a $134-million project at George Brown College's Waterfront Campus, will use an estimated 3,000 cubic metres of wood and will be a new, net-zero carbon emissions academic wood structure.

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Joint Venture

FPInnovations and Resolute Inaugurate Thermomechanical Pulp Bio-Refinery in Thunder Bay

The organizations joined forces in early 2018 to build the plant at Resolute's Thunder Bay pulp and paper mill, focusing on developing new ways to efficiently manufacture and market innovative wood-based biochemical products.

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Legal

Britain's competition watchdog investigates Liqui-Box deal for DS Smith unit

Britain's competition watchdog said it was investigating whether U.S.-based Liqui-Box's $585 million takeover of a DS Smith Plc business could lessen competition in the market.

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Judge questions secrecy in Chemours lawsuit against DuPont

A Delaware judge has ordered the unsealing of a complaint filed by chemical manufacturer Chemours against the DuPont Co., which spun off Chemours in 2015, and chastised attorneys for the secrecy surrounding the dispute.

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Major Expenditures

Georgia-Pacific to Invest $100 Million in Bowling Green Dixie Facility

Construction has commenced and the project is slated for completion in the first half of 2020.

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Stora Enso invests Euro 45 million in a new CLT production unit at Gruvön sawmill in Sweden

Stora Enso's investment in a new production unit for cross laminated timber (CLT) at Gruvön sawmill in Sweden was inaugurated by CEO Karl-Henrik Sundström, Joakim Sveder, Mill Director, Gruvön sawmill and Leif Haraldsson, Municipal Commissioner of Grums.

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Mergers & Acquisitions

International Paper Announces Agreement to Sell Its India-based Paper Business

International Paper has entered into an agreement with West Coast Paper Mills Limited to sell its controlling interest in International Paper APPM Limited, an India-based paper business.

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Sealed Air makes another acquisition

International Paper has entered into an agreement with West Coast Paper Mills Limited to sell its controlling interest in International Paper APPM Limited, an India-based paper business.

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US Antitrust Clearance Received for Amcor and Bemis Transaction Enabling Completion on 11 June 2019

A condition of this approval is the previously announced sale of certain Amcor assets located in the US to Tekni-Plex, Inc.

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BillerudKorsnäs has completed the acquisition of Bergvik Skog Öst

As previously communicated, BillerudKorsnäs has entered into an agreement with all shareholders of Bergvik Skog AB concerning a split of Bergvik Skog AB's forest assets.

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Major Announcements

Essity to try making pulp from wheat straw to stem rising costs

Essity said it will build a test plant in Germany to produce pulp from wheat straw and other plant-based agricultural by-products to reduce its dependence on wood based pulp.

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Reports: CorrVentures to build containerboard mill in New York

CorrVentures LLC, a private development firm specializing in strategic project development in the pulp and paper and corrugated packaging markets, announced its intention to build and operate a 300,000 ton-per-year 100 percent recycled lightweight containerboard mill located on a 102 acre site about 9 miles south of Albany, New York.

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Stora Enso to invest 350 million euros in Oulu mill, cut jobs

Stora Enso will invest 350 million euros ($391 million) at its Oulu mill to boost output of kraftliner board used in packaging and reduce glossy magazine paper production, the company said.

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Phoenix Paper Wickliffe, LLC, successfully restarts operations

On Wednesday, May 29, 2019, at 12:45 a.m., Phoenix Paper Wickliffe, LLC, successfully restarted operations of the Wickliffe, Kentucky paper mill.

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Restructurings

Congressional Delegation Details Verso Call

"We will continue our communication with Verso leadership and continue to discuss the issues raised by the workers, town, and county, so that Luke and the entire region isn't left blindsided once again. We will continue fighting for the mill workers and the residents of Luke during this difficult time."

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Stora Enso finalises the restructuring of Bergvik Skog's forests holdings

The shareholders of Bergvik Skog AB, a Swedish forest holding company, have finalised the previously announced restructuring of its ownership.

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Environmental

Asia Pulp & Paper products to be back on Singapore shelves after passing checks

Asia Pulp & Paper (APP) has received the Singapore Environment Council's (SEC) enhanced Green Label certification, heralding the return of its products to Singapore shelves.

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BC Forest Practices Board to audit BC Timber Sales operations in Canada

The Forest Practices Board will examine the activities of the BC Timber Sales (BCTS) program and timber sale licence holders in the Clearwater Field Unit portion of the BCTS Kamloops Business Area during the week of June 3, 2019.

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Operations News

Crews battle fire at Georgia-Pacific particle board facility in Thomson, Georgia

Georgia-Pacific spokesman Rick Kimble said the fire started in the raw materials storage area and quickly spread. A fire suppression system at the plant was unable to contain the fire because it was moving too fast, he said.

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Fire crews called to paper mill fire for second time in two months

Fire crews have been called to the Saica paper mill in Carrington for the second time in just two months.

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Interfor to Take Additional Downtime in BC Interior

The curtailment is expected to reduce production in the region by approximately 20 million board feet for the month of June and will be taken by way of reduced operating days at each of the three BC Interior mills.

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OSHA, GBI investigating death of woman at East Dublin, Georgia WestRock facility

According to Laurens County Deputy Coroner Nathan Stanley, an accident involving a bulldozer led to the death of 31-year-old Melissa Colson.

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UPM launches FibDex®, a wood-based innovation for wound care

UPM launches a new advanced wound care product for the European market. FibDex® is the first wound dressing created from wood-based nanofibrillar cellulose to receive regulatory approval and be awarded a CE mark.

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