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Showing 50 articles from August 19, 2019.

Departments

PM40

The PM40 closed Friday, 16 August 2019, at 2890.

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 16 August 2019 down 28.3% from the 17 August 2018 level.

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Celebrating all things paper: The wonder and the legacy, continued
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 139 papermaking innovators and legends have been enshrined. This month, we profile Heikki Peltola, who was inducted into the Hall of Fame in 2018.

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Disconnected Comparisons

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

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Insider Trading

Reported insider trading since the last issue of PaperMoney.

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Supplier News

ANDRITZ Launches New StrataPress SX Single-seam Press Felt Technology

ANDRITZ has launched its new-generation "StrataPress™ SX" felt with patented, integrated single-seam technology.

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Kadant Black Clawson Achieve Sales Milestone with 10,000 FibreWall Screen Cylinders Sold

Kadant Black Clawson LLC, a subsidiary of Kadant Inc., announced the fabrication and sale of the 10,000th FibreWall screen cylinder.

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Voith Launches New Premium Polyurethane Roll Cover For Film Presses

With SupremeFilm, Voith is enhancing its product range for film presses with a new high-performance roll cover made from polyurethane (PU).

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Culture & Marketing

Ministers Agree to Work Together to Promote Canadian Forestry

At the close of the 2019 annual meeting of the Canadian Council of Forest Ministers (CCFM) in Northern Saskatchewan, Forest Products Association of Canada (FPAC) announced its support for the Ministers' commitment to work together to promote Canadian forestry and forest products to the country and the world.

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Market News of Note

Conifex Announces Curtailment of El Dorado Sawmill

The curtailment is expected to reduce Conifex's US South lumber production by approximately 21 million board feet to the end of the year.

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Former pulp and paper mill in Fort Frances, Ont., could produce cannabis, packaging

The former Resolute pulp and paper mill in Fort Frances, Ont., could produce cannabis or even specialty packaging materials, according to the site's new owner.

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Nearly 4 Years After Closing, Old Town Pulp Mill Reopens Under New Ownership

Almost four years ago, the Old Town pulp mill was shut down. Nearly 200 workers were affected. But last fall, a subsidiary of a Chinese company purchased the mill, and now it has come back to life.

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New report shows Wisconsin's paper industry leads the nation

Wisconsin's paper industry is alive and well, according to a new state report. A recent study shows the Badger State's paper industry leads the nation in many economic measures.

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Sinclar Group announces two-week curtailments

Sinclar Group Forest Products Ltd. has announced two week curtailments at its sawmill operations in Prince George, Vanderhoof and Fort St. James starting August 19.

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Joint Venture

Finch Paper and French Paper Company Announce Partnership

Finch Paper and French Paper Company have announced that French has joined Finch Paper Holdings.

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Legal

AF&PA Statement on Uncoated Free Sheet Paper Anti-circumvention Petitions

An education group seeking to increase access to college textbooks and research materials on Wednesday asked the U.S. government to block the proposed merger of textbook publishers McGraw-Hill Education Inc and Cengage Learning Holdings II Inc.

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Education group urges U.S. Justice Department to block textbook merger

An education group seeking to increase access to college textbooks and research materials on Wednesday asked the U.S. government to block the proposed merger of textbook publishers McGraw-Hill Education Inc and Cengage Learning Holdings II Inc.

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Smurfit Kappa fined €124m after Italian cartel investigation

SKG said that it was "very disappointed" with the finding of the Italian Market Competitiveness Protection Authority (AGCM) "on many levels and will vigorously appeal this decision on both administrative and substantive grounds".

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Tax board changes mind on Expera appeal

The city's long tax fight with former mill owner Expera took another odd twist last week, with the Board of Property Tax Review apparently reversing itself on a previous decision, setting the stage for more potential legal action.

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UK CMA Says It Could Accept Undertakings For Liqui-Box, DS Smith Deal

The UK Competition & Markets Authority said it might be able to clear the acquisition of DS Smith PLC's plastic division by Liqui-Box Corp following the offer of undertakings by Liqui-Box.

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USW Joins Filing Seeking Anti-Circumvention Inquiry in Uncoated Paper Orders on Australia, Brazil, China, Indonesia and Portugal

The United Steelworkers (USW) union joined with several domestic paper producers in filing a request with the U.S. Department of Commerce to address the circumvention of existing antidumping and countervailing duty orders on uncoated paper imports.

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Major Expenditures

Governor announces $200M investment by Phoenix Paper in west Kentucky

Phoenix Paper, which runs a paper mill in west Kentucky, is expanding with a new facility that represents a $200 million investment.

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Graphic Packaging Holding Company Announces Approval to Invest $600 Million in a New Coated Recycled Board Machine in the Midwest

The Company is planning to make the investment in either Ohio or Michigan, subject to a number of conditions, including environmental permitting and negotiations currently underway relative to government incentives and labor relations.

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Verso Jay paper mill in line for millions in new investment

The Verso Corp. plans to invest $120 million in three pulp and paper mills, including significant upgrades to its Androscoggin Mill in Jay.

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Mergers & Acquisitions

CMPC Purchases Brazilian Tissue, Diaper Maker

The deal will create the largest company in this segment in Brazil.

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Forest2Market, Fisher International acquired by Battery Ventures

Forest2Market and Fisher International will continue to operate individually as the transition is planned and implemented.

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Kohlberg closes on acquisition of Bemis Healthcare Packaging Europe; Merges with Nelipak

Bemis, located in Clara (Ireland), Derry (Northern Ireland, UK), and Elsham (United Kingdom), will be merged with Nelipak, and the combined company will operate under the Nelipak Healthcare Packaging brand.

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Sonoco Completes Acquisition of Corenso Holdings America

Sonoco announced it completed the acquisition of Corenso Holdings America, Inc. from a company owned by investment funds advised by Madison Dearborn Partners, LLC, and management for $110 million in cash.

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UFPI acquires Northwest Painting

The move will expand Universal's capacity to produce value-added siding and trim for customers in its Northwest and Mountain West regions.

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Major Announcements

Billionaire Pattison Seeks to Take Canfor Private

Canadian billionaire Jim Pattison, whose conglomerate owns businesses including supermarkets, fisheries and billboards, offered to take lumber producer Canfor Corp. private for about C$981.6 million ($742 million). The stock surged in response.

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Kimberly-Clark is hiring 120 machine operators as it invests in Neenah Cold Spring Facility

Kimberly-Clark will hire about 120 machine operators and 10 maintenance electricians and mechanics by the end of 2020 at its Neenah Cold Spring Facility.

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Kruger renews lease for Gatineau paper mill

The current lease expires in 2028, meaning the mill that employs about 450 people near the Canadian Museum of History is now able to operate until 2053.

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Pregis Joins Amazon Packaging Support and Supplier (APASS) Network

Pregis LLC, a leading protective packaging materials and automated systems manufacturer, has joined the Amazon Packaging Support and Supplier (APASS) network.

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Restructurings

Mixed-use development eyed for shuttered paper mill

After more than a year of mulling their options, the owners of the defunct mill property in Newberg have renewed their plans to sell the site.

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Universal Forest Products announces structure change to promote growth

As of Jan. 1, 2020, the Company will be known as UFP Industries, Inc.

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Environmental

Evergreen Packaging partners with the The Rainforest Alliance and FSC

Evergreen Packaging partners with the The Rainforest Alliance and FSC.

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Greif Awarded Gold Rating in EcoVadis CSR Assessment for Second Consecutive Year

Greif, Inc announced it has again been awarded a Gold Rating in sustainability performance by EcoVadis for the second year in a row.

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Norske Skog Saugbrugs granted CO2 compensation

The Ministry of Climate and Environment amends The Norwegian Environment Agency's decision of 19 December 2013 on the basis for CO2 compensation for Norske Skog Saugbrugs AS.

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Ottawa will not commit to federal assessment of Northern Pulp plan

The federal government is not committing to an environmental assessment of Northern Pulp's plans to pump treated effluent from their plant into the Northumberland Strait.

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Sonoco Releases Corporate Responsibility Report

Sonoco released its 2018-19 Corporate Responsibility Report highlighting the Company's ongoing efforts to achieve greater packaging sustainability and recycling and included an update on the ongoing efforts to improve environmental, governance and social measures

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Union-funded study says closure of Northern Pulp mill would destroy Nova Scotia forestry industry

With the deadline looming for the province's largest pulp and paper mill to close an integral part of its operations, the union representing thousands of forestry sector workers is renewing its push for the government to let the mill build a controversial new wastewater treatment facility.

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Operations News

Cloquet Sappi mill lands $100K training grant

Emergency crews were called to the scene of a chemical fire at a paper mill in Lynn Tuesday, August 13.

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Crews called to chemical fire at King's Lynn Palm Paper mill

Emergency crews were called to the scene of a chemical fire at a paper mill in Lynn Tuesday, August 13.

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Fire at Essity Middletown, Ohio mill

A fire is out at the Middletown Essity mill after crews responded and worked on the roof.

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Fire Chief debating contacting Ministry over 'dangerous fires' at Cascades paper mill

Crews were called to the Cascades containerboard packaging facility at 4:35 a.m. Tuesday morning (Aug. 13) where they remain on scene putting out a fire in the dryer area.

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Fire leaves no injuries or major damage at Georgia Pacific facility in Warrenton, Ga.

Warren County EMA and fire crews responded to the scene of a fire at the Georgia Pacific facility in Warrenton late Thursday night, Aug. 1.

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Georgia Pacific puts Green Bay expansion plans on hold

Georgia-Pacific's plan to expand its operating footprint in Green Bay has been put on hold.

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PaperWorks Celebrates Its Growth With A Koenig & Bauer Rapida 145 57-inch Seven-Color Press With Ribbon-Cutting Ceremony

PaperWorks held a special ribbon-cutting event to mark the official start of its latest capital equipment investments: a Koenig & Bauer Rapida 145 57-inch seven-color press along with two new Koenig & Bauer-Iberica 144K die cutters at the Baldwinsville, NY facility. T

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Pixelle to close Glatfelter Chillicothe, Ohio Family and Medical Center to all

After an economic analysis, Pixelle Speciality Solutions has decided to close the Glatfelter Family and Medical Center.

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Roseburg announces indefinite layoffs at Dillard facility in Oregon

Continued unfavorable conditions in the North American plywood market prompted the indefinite layoff of approximately 90 employees at the Roseburg Forest Products softwood plywood plant in Dillard, Oregon, on August 2, 2019.

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