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Showing 36 articles from September 30, 2019.

Departments

PM40

The PM40 closed Friday, 27 September 2019, at 3046.

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 27 September 2019 down 27.6% from the 28 September 2018 level.

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Disconnected Comparisons

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

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Insider Trading

Reported insider trading since the last issue of PaperMoney.

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Executives--listen up, please
Executives--listen up, please

This month in Nip Impressions we are going to be talking about quality in ways you may have never heard before. This will be a four-part series; the first column being dated "Week of 7 Oct 19" (actually issued on 3 Oct 19).

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Supplier News

Valmet builds a new pilot facility at its Fiber Technology Center in Sundsvall

Valmet invests in a new pilot facility at its Fiber Technology Center in Sundsvall to strengthen the company's research and development capabilities related to bioenergy, biofuels and biochemicals. The new pilot facility will start up in October 2020.

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Culture & Marketing

Cascades Receives Bronze Parity Certification From Women in Governance

Cascades was awarded the bronze Parity Certification by the Women in Governance organization. This certification recognizes Cascades' policies and programs aimed at encouraging women's professional growth and leadership.

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Metsä Board introduces a new plastic-free eco-barrier paperboard for food and food service end uses

Consumers and brands around the world are looking for more sustainable alternatives to plastic packaging, with easy recyclability being key. To meet these needs Metsä Board, part of Metsä Group, is introducing a new plastic-free eco-barrier paperboard that can be recycled in paper or paperboard waste streams according to local recycling schemes.

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Sonoco Adds Recyclable Flexible Packaging to Sustainable Packaging Portfolio

Sonoco announced the introduction of EnviroFlex™ PE recyclable polyethylene flexible packaging.

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Stora Enso Raises Awareness and Presents Solutions to the Construction Industry's CO2 Emissions

Stora Enso targets to increase the knowledge about sustainable construction and construction materials.

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Market News of Note

Metsä Group announces planned maintenance shutdowns at pulp mills

Metsä Group has scheduled several planned annual maintenance shutdowns at its pulp mills for the autumn of 2019.

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Tolko announces mill closure in B.C., putting 127 off the job in Kelowna

Tolko Industries is cutting back its operations at a lumber mill in Kelowna, affecting 127 jobs as the company becomes the latest in the industry to announce a shutdown in British Columbia.

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WestRock Provides Update of Financial Impact Following Hurricane Dorian

WestRock Company has provided an estimate of the impact of Hurricane Dorian on its fiscal fourth quarter financial results.

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Joint Venture

Dow and UPM partner to produce plastics made with renewable feedstock

Dow, in partnership with UPM Biofuels, a producer of advanced biofuels, announces the commercialization of a plastics offering for the packaging industry made from a bio-based renewable feedstock.

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Nordic Paper and SKF Sign Agreement Aimed at Increasing Productivity

SKF and Nordic Paper have signed a five-year fee- and performance-based contract. The agreement aims to improve Nordic Paper's productivity, health and safety and sustainability performance.

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Sun Chemical and Esko support Swiss promotional packaging provider PAWI to implement expanded color gamut printing

In a joint project for the Swiss cardboard and paper packaging solution provider PAWI Verpackungen AG, Sun Chemical and leading color software company Esko have successfully implemented seven-color expanded color gamut (ECG) printing at PAWI's facility in Winterthur.

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Major Expenditures

Graphic Packaging Holding Company Announces Kalamazoo, Michigan Mill for New Coated Recycled Board Machine Investment

The Company will invest $600 million in the project, and the machine is expected to have an annual capacity of approximately 500,000 tons.

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Mergers & Acquisitions

Ahlstrom-Munksjö Explores Strategic Opportunities for Its Decor Paper Business

Ahlstrom-Munksjö is currently exploring potential acquisitions, mergers, and joint-ventures with decor paper suppliers in China to speed up the execution of its strategy and capture the attractive value-creation opportunity in the decor business. In addition, the company is investigating the possibility to attract outside capital investment into the Decor business to further fund such objectives.

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DuPont to Acquire Ultrafiltration Membrane Business from BASF

DuPont Safety & Construction (DuPont) announced it has signed an agreement to acquire the Ultrafiltration Membrane business from BASF including inge GmbH.

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Flambeau River Papers mill conditionally approved for sale to Element Ventures

An order conditionally approving the sale of the Park Falls Flambeau River Papers mill was approved by Price County Judge Kevin Klein following a hearing Thursday afternoon.

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Universal Forest Products acquires Hartford, Wisconsin-based Pallet USA

Universal Forest Products has acquired Hartford, Wisconsin-based Pallet USA, LLC, the company announced. The acquisition expands Universal's industrial product capacity and services in the Midwest.

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Voith Group to acquire BTG

Voith has signed an agreement with Spectris plc to acquire BTG for a total gross cash consideration of Euro 319 million.

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Major Announcements

New facility means Battle Creek, Mich. Graphic Packaging mill to close in 2022

The Graphic Packaging mill in Battle Creek will close when that machine is complete two and a half years from now, a company official said.

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President Trump visits, praises new Pratt mill in Wapakoneta, Ohio

Echoing remarks President Trump made during a previous visit to an Ohio manufacturing facility, an Australian billionaire said his investment here would not have been possible without Mr. Trump at the nation's helm.

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Stora Enso names Bresky as CEO

Annica Bresky will become chief executive of Finnish pulp, paper and packaging board maker Stora Enso Oyj from December, taking over from Karl-Henrik Sundstrom.

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Sun Paper permit get OK from officials

Arkansas environmental officials have approved an air permit for a Chinese company's $1.8 billion paper mill that has been delayed by President Donald Trump's trade dispute with China.

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Restructurings

Fort Frances, Ontario mill owner says it needs 'hundreds of millions' in repairs

Resolute Forest Products said it spent almost $35 million to maintain its Fort Frances mill in a "hot idle" state after it was shut down in 2014.

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Final Word

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

Closures and cutbacks adding up in 2019

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Environmental

Ahlstrom-Munksjö and Seoil launch a fiber-based solution for U-shaped paper straws

CelluStraw™, a new fiber based solution for drinking paper straws, has been recently launched and is specially designed to address the food industry's emerging initiatives to phase out single-use plastic straws.

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Arauco announces carbon neutrality by 2020

In addition to this important milestone, the company announced it will join the Science Based Targets, a global initiative that aims for companies to reduce their greenhouse gas emissions based on climate science, to limit the planet's increase in temperature.

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Indonesia has not imposed tough enough penalties for plantation fires: Greenpeace

Indonesia has not imposed serious enough penalties on pulpwood and palm oil firms that had large fires on their land from 2015 to 2018, and more fires on some of those farms also polluted the region's air quality this year, Greenpeace said on Tuesday.

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Metsä Fibre files environmental permit application concerning Kemi bioproduct mill in Finland

Metsä Fibre has filed the environmental permit application concerning the Kemi bioproduct mill with the Regional State Administrative Agency for Northern Finland.

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Smurfit Kappa North America becomes EarthX Planet Partner

Smurfit Kappa North America has become a Planet Partner sustaining sponsor of the Earthx2020 event in Dallas, Tex. that will bring together record numbers of concerned environmental citizens, educators, businesses, non-profit organizations, and thought leaders to celebrate global sustainability.

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Operations News

Columbia Pulp closes in on launch date

Columbia Pulp is in the final stages of launching the first straw pulp mill of its kind in North America.

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New Sheeting Line Starts up at Metsä Board's Aänekoski Mill in Finland

The value of the investment was EUR 11 million.

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Stora Enso sees higher expenses in 2020 on renewables push

In 2020, Stora Enso's estimated capital expenditure will be Euro 800-850 million, including Euro 200-230 million for the Oulu mill conversion and Euro 80-100 million for biological assets.

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