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Showing 37 articles from September 16, 2019.

Departments

PM40

The PM40 closed Friday, 13 September 2019, at 3106.

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 13 September 2019 down 25.6% from the 14 September 2018 level.

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Disconnected Comparisons

In this issue of Disconnected Comparisons, we evaluate Graphic Packaging and Sonoco.

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Insider Trading

Reported insider trading since the last issue of PaperMoney.

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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 the late Frank Sensenbrenner, who was inducted into the Hall of Fame in 1998.

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Supplier News

Kadant Johnson Expands Services Division

Kadant Johnson LLC, a subsidiary of Kadant Inc. (NYSE: KAI), has expanded its Services division to enhance its offerings to the paper and corrugated packaging industries.

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Valmet to deliver TwinRoll dewatering press to Metsä Board in Finland

The start-up is planned for October 2020.

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Valmet to supply a biomass boiler and a flue gas treatment plant to BS Energy in Germany

The total value of the order is around Euro 50 million.

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Valmet to supply a board machine to JK Paper Limited in India

Valmet will supply a board machine with an extensive automation and Industrial Internet package for JK Paper Limited's Fort Songadh Mill in India.

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Culture & Marketing

Lecta Launches New Range of Adestor Hot-Melt Adhesives

Lecta is expanding its Adestor self-adhesive product portfolio with the launch of a new range of rubber-based Adestor Hot-Melt adhesives for excellent performance in these applications.

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Verso Announces New Anthem Plus Coated Paper Promotion

Verso Corporation introduced a new promotion for its economy coated paper, Anthem Plus®, titled Anthem Plus®. Solid Performer.

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Market News of Note

Canfor pulp mill shutdown extended two weeks

A scheduled week-long shutdown for maintenance at Prince George Pulp and Paper will be followed by a two-week closure in response to weak prices for its product, a Canfor Pulp spokesperson confirmed Wednesday.

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Interfor closes B.C. sawmill in latest blow for troubled lumber industry

Interfor Corp. plans to permanently close its Hammond sawmill in Maple Ridge, B.C., affecting more than 100 workers.

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UPM plans to reduce its uncoated paper capacity

If realized, the measures would result in a reduction of 265,000 tonnes of SC capacity and 240,000 tonnes of newsprint capacity in UPM's portfolio.

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West Fraser to reduce B.C. lumber production up to 25 percent

West Fraser Timber Co. Ltd. says it will introduce variable operating schedules at five of its British Columbia sawmills, resulting in an estimated 15 to 25 per cent decrease in production.

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Legal

Former Smurfit chief Gary McGann loses tax appeal

Businessman Gary McGann has lost an appeal against tax treatment on two payments totalling €2.3 million which he claimed were a gift from SmurfitKappa's shareholders during his time as chief executive.

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Fort Frances moves to seize paper mill equipment for unpaid taxes

The Town of Fort Frances is trying to seize some heavy equipment belonging to the new owners of the former Resolute Forest Products sawmill in an effort to recover unpaid taxes.

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Major Expenditures

Georgia-Pacific Investing up to $70 million at Arkansas Plywood and Lumber Complex

Georgia-Pacific will invest up to $70 million to upgrade its plywood and lumber operations here adding advanced, innovative technology and systems, and helping sustain the more than 700 jobs at the facilities.

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Mergers & Acquisitions

AstenJohnson announces end of proposed transaction to merge Heimbach and AstenJohnson PMC businesses

AstenJohnson has announced the end of the proposed transaction to merge the Heimbach and AstenJohnson PMC businesses.

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Quad Sells Its Heavy-Duty Industrial Wood Crating Business Transpak to FCA Packaging

Quad/Graphics, Inc. announced that it has sold its heavy-duty industrial wood crating business Transpak to FCA Packaging, a nationwide leader in the custom industrial packaging solutions space.

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Major Announcements

Demolition starts at iconic paper mill destroyed by fire

Demolition work has started at a landmark paper mill in northern New Jersey that was destroyed in a massive fire that also toppled its iconic sign earlier this year.

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Interfor CEO stepping down

Interfor Corporation announced that long-time President & CEO Duncan Davies will step down on December 31, 2019 and that Ian Fillinger, currently the Company's Senior Vice President & COO, has been appointed President & CEO effective January 1, 2020.

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Report details moments before plane carrying Graphic Packaging CEO, employees crashed

A preliminary accident report reveals what happened in the moments before a plane carrying employees of a metro Atlanta-based paper and packaging company crashed and burst into flames in California last month.

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Restructurings

WestRock to Reconfigure North Charleston, SC, Paper Mill

WestRock Company announced Monday that it is reconfiguring its North Charleston, SC, paper mill to improve the mill's operating efficiency and long-term competitiveness.

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Final Word

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

Management Resources

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Environmental

In Riau, forest restoration initiative continues with planting of 10,000 trees

As many as 10,000 tree seedlings have been planted on degraded land in Riau province by giant paper producer Asia Pulp & Paper (APP), a subsidiary of Sinar Mas Group.

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Pregis receives FSC Chain of Custody Mix certification for Easypack paper

Pregis LLC, a leading protective packaging materials and automated systems manufacturer, has received a Forest Stewardship Council® (FSC®) Chain of Custody, FSC Recycled certification for its Easypack paper portfolio.

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Sofidel cutting out disposable plastic items at its workplaces

Sofidel has decided to abandon use of disposable plastic items in its workplaces.

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Sonoco Announces How2Recycle®'s "Check Locally" Status for Paper-Bottom Cans

The EcoSeal paperboard container joins Sonoco's growing EnviroSense™ family of sustainable packaging.

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Sonoco Introduces EnviroSense™ Sustainable Packaging Development Initiative

Sonoco announced the creation of its new EnviroSense™ sustainable packaging initiative. Crossing a range of packaging materials, including cans made from 100-percent recycled paperboard, rigid plastic packaging containing post-consumer recycled content, mono-material flexible pouches that are recyclable, and innovative packaging made from agricultural fibers, EnviroSense products are designed to incorporate a number of elements associated with more sustainable packaging.

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Operations News

Fortress secures up to $15 million loan to keep operations going

Fortress Global Enterprises Inc. announces that its wholly owned subsidiaries, Fortress Specialty Cellulose Inc. and Fortress Bioenergy Ltd. have entered into a financing agreement with their secured lenders or their affiliates, providing for a senior secured credit facility in the amount of up to $15,000,000.

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Man dies after being hospitalized while doing contract work at Clearwater Paper mill

A man is dead after he was doing contract work at Lewiston's Clearwater Paper mill on Monday and had to be taken to the hospital.

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McKinley Paper mill prepares to reopen by end of year in Port Angeles, Washington

Workers are dismantling long-dormant equipment at the McKinley Paper Co. mill to make way for $6.1 million in improvements as the company looks toward reopening the facility by Dec. 31.

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Norbord announces reduced production schedule at Georgia mill

Norbord Inc. announced that effective September 5th, Line 1 of its two-line oriented strand board (OSB) mill in Cordele, Georgia will operate on a reduced 10/4 schedule until further notice due to continued poor market conditions.

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Smurfit Kappa Group appoints CEO for Smurfit Kappa North America

Smurfit Kappa Group appointed Eduardo Rubio CEO for Smurfit Kappa North America (SKNA) beginning October 1.

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Sonoco employee continues treatment for burns

A Sonoco employee injured Sunday in an accident at the company's Hartsville Manufacturing Complex is still undergoing treatment for burns he suffered in the incident, the company said.

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Union chief: No firm offers for Verso paper mill

Union chief Greg Harvey said no news of a potential sale of the former Verso Corp. paper mill has emerged so far this summer.

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