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Showing 33 articles from September 2, 2019.

Departments

PM40

The PM40 closed Friday, 30 August 2019, at 2909.

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 30 August 2019 down 30.3% from the 31 August 2018 level.

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Disconnected Comparisons

In this issue of Disconnected Comparisons, we evaluate Louisiana Pacific and Rayonier.

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Insider Trading

Reported insider trading since the last issue of PaperMoney.

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A price index for Recycled Linerboard--a dumb idea
A price index for Recycled Linerboard--a dumb idea

A couple of weeks ago a famous price index reporter announced they are starting a price index for recycled linerboard. This is a "solution" in search of a problem!

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Supplier News

ANDRITZ acquires KEMPULP

International technology Group ANDRITZ has acquired the Swedish company KEMPULP, a specialist provider of process technologies for the chemical pulping industry.

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Culture & Marketing

Essity and UNICEF in Mexico strengthen collaboration on hygiene issues

Over the next three years, the collaboration will provide education to 4,000 pupils and 500 teachers in Mexico City and Chihuahua about attitudes and habits in connection with menstrual hygiene management and hand washing.

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Smurfit Kappa Listed on FTSE4Good Index for 6th Consecutive Year

Smurfit Kappa was once again recognized by the FTSE4Good Index for its commitment to sustainability.

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Market News of Note

Georgia-Pacific announces more layoffs at Crossett, Arkansas mill

More workers at Georgia Pacific in Crossett are having to look for other jobs.

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Shift reductions coming to Tolko facilities in B.C. as market remains volatile

Tolko says its Armstrong, Lumby and Heffley Creek operations in British Columbia will see shift reductions as volatile conditions continue to plague the province's lumber industry.

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St. Stephen, B.C. losing up to 75 jobs as Arauco closes particleboard plant

St. Stephen will lose 60 to 75 jobs by the end of the year because particleboard operations at the Arauco plant will be shutting down.

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Mergers & Acquisitions

Fortress Global Enterprises Announces Strategic And Financial Initiative

Fortress Global Enterprises Inc. announces that, as a result of ongoing financial constraints impacting the Company primarily resulting from a 10-year low in dissolving pulp prices, the Board of Directors has formed a Strategic Committee to consider various strategic and financing alternatives potentially available to the Company, including a recapitalization, restructuring and/or business combination transaction.

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Idled Maine paper mill sold

A Belfast startup says it has bought the former Madison Paper Industries mill. Building products manufacturing startup GO Lab indicated the deal was worth $1.9 million.

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United Business Mail Acquires Commingle Operations from LSC Communications for $11.25 Million

LSC Communications and United Business Mail (UBM) announced today that UBM has acquired LSC's commingle business for $11.25 million in cash.

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Major Announcements

David Koch dies at 79

David Koch, the industrialist and libertarian who used his fortune to transform American politics while also donating more than $1 billion to philanthropic causes, has died. He was 79.

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Domtar Plymouth Paper Mill to stay in Martin County, N.C.

New economic incentives are keeping one of Martin County's largest manufacturers and taxpayers in the area.

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First paper rolls off the press at reopened mill

Paper-making is returning to West Linn after an almost two-year hiatus.

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Graphic Packaging International passengers walk away uninjured after plane bursts into flames at California airport

Ten people walked away unscathed after a small aircraft they were aboard went off a runway before bursting into flames.

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LSC Communications Celebrates Opening of First Onsite Healthcare Center in Crawfordsville, Indiana

LSC Communications announced the opening of Crawfordsville Family Health Center, the company's first onsite medical facility offering healthcare, wellness coaching and assessments for its employees and their families.

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Norpac expands product line, converts Longview machine for recycling

In an effort it says will address environmental challenges and safeguard jobs, Norpac is converting one of its Longview paper machines to produce packaging products from 100% recycled waste paper.

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Final Word

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

Burnout is a serious workplace issue

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Environmental

Battle Over Nova Scotia Pulp Mill's Future Reflects Wider Debate About The Environment

For filmmaker David Craig, a new documentary depicting the fraught emotions over the future of a rural Nova Scotia pulp mill is not solely a local story.

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Metsä Board participates in paperboard cup collection initiative in France

Metsä Board, part of Metsä Group, is one of the founding members of Alliance Gobelet Carton that was founded in the spring to organise a pilot for the collection and recycling of paperboard cups in France.

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Operations News

Amcor to Launch US$500 Million Share Buyback

Amcor Ltd. said it would buy back shares worth up to US$500 million, offering investors a quick return on its acquisition of U.S. plastic food packaging company Bemis Co.

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Chairman of IT Tech Packaging Visits Asia Symbol, China's Largest Wood Pulp Producer

IT Tech Packaging, Inc., a leading manufacturer and distributor of diversified paper products in North China, today (23 Aug 2019) announced that Mr. Zhenyong Liu, Chairman and Chief Executive Officer of the Company, visited Asia Symbol (Shandong) Pulp and Paper Co., Ltd., the largest wood pulp producer in China and a key supplier of the Company from which the Company currently gets adequate wood pulp on a monthly basis for its tissue paper business.

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Explosion reported at Weyerhaeuser facility

Columbia Falls residents near the Weyerhaeuser facility reported hearing an explosion coming from the facility.

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Fire at Appvion mill

Crews are responding to a possible fire Aug. 19 in Roaring Spring at the Appvion paper mill, officials confirmed.

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Fire at Crofton mill snuffed out quickly

Crofton Fire Department responded to a small fire in a scrapyard at the Catalyst Paper Excellence Crofton pulp mill.

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Fire at Pratt facility

The FDNY was called to a paper-recycling facility in Travis early Monday morning (Aug. 19) for a report of a fire on the first floor.

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Firefighters respond to fire at Quad/Graphics facility

Firefighters from Effingham and Teutopolis responded to Quad Graphics in Effingham, where a fire was reported in the scrap room of the printing plant.

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International Paper facility in Moses Lake, Washington on lockdown after threat

Moses Lake Police officers have determined that a threat reportedly made against International Paper employees was not serious and doesn't rise to the level of criminal harassment.

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Quad to Close Retail Insert Printing Plant in Minnesota

Quad recently announced plans to close its Shakopee, Minn., retail advertising insert printing facility on or about Sept. 14, impacting approximately 140 employees. Work performed there will be consolidated into other Quad locations.

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Two firefighters injured after fire at Old Town, Maine mill

Two firefighters were injured after a fire at the ND Paper mill in Old Town, according to firefighters.

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