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Showing 49 articles from April 19, 2022.

Departments

PM40

The PM40 closed Thursday, 14 April 2022, at 4371.

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 14 April 2022 down 0.4% from the 16 April 2021 level.

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Disconnected Comparisons

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

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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, close to 150 papermaking innovators and legends have been enshrined. This month, we profile Henry J. Rogers, John S. Van Nortwick and William M. Van Nortwick - Hearthstone Joint Induction, who were inducted into the Hall of Fame in 2020.

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Supplier News

Caverion implements process electrification at Metsa Fibre's bioproduct mill in Finland

Caverion will implement process electrification at the Metsä Fibre bioproduct mill in Kemi, Finland. Metsä Fibre is part of the Metsä Group.

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Change in Valmet's Executive Team: CFO Kari Saarinen leaves Valmet

Kari Saarinen has decided to resign from his position as Valmet's CFO due to his share trades in Neles during the merger process and to minimize the negative impacts of this on Valmet's reputation. All Executive Team members should have used good judgement and refrained from trading in shares while merger discussions and preparations were ongoing. The employment relationship will end in accordance with Kari Saarinen's executive agreement, while his working obligation ends at the end of April.

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Solenis Is Creating New Packaging Centers of Excellence To Serve Global Consumer Paper Packaging Market

Solenis, a leading global producer of specialty chemicals, is developing two new international centers of excellence for advancing sustainable solutions in the consumer paper packaging industry.

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Stora Enso invests in dataPARC system at Ingerois mill in Finland

Stora Enso Ingerois mill and BTG have agreed to implement the dataPARC solution for the board machine in South-Eastern Finland.

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Valmet extends fiber image analysis to automatic pulp quality prediction

Valmet has launched a new additional option for both new and existing users of the Valmet Fiber Image Analyzer. The new option, called Option C, makes it easier for pulp and paper mills to unlock the true potential value of their raw material by calculating and displaying correlations between measured fiber properties and their effect on end product quality.

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Valmet to supply a fiberline modernization to CENIBRA's pulp mill in Brazil

Valmet has been selected as supplier for the modernization of the fiberline no. 1 plant to CENIBRA's pulp mill in Belo Oriente in Brazil. The fiberline will be prepared for a capacity increase of 100,000 tonnes of pulp per year. The start-up is scheduled for September 2023.

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Zume and Solenis Double Down on Existing Partnership to Accelerate the Adoption of Sustainable Packaging in the Global Food Industry

Zume, the sustainability solutions company creating economically viable substitutes for single-use plastics, today announced it's furthering its partnership with Solenis, a leading global producer of specialty chemicals. Together, the companies are launching a comprehensive line of PFAS-free packaging to replace plastic and styrofoam with a sustainable alternative for food service applications.

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Culture & Marketing

Amcor Lift-Off initiative to offer seed funding for innovative start-ups

Amcor, a global leader in developing and producing responsible packaging solutions, announced the launch of Amcor Lift-Off, an open-call initiative aimed at supporting seed stage start-ups that are focused on innovative packaging solutions and related technologies. Amcor Lift-Off offers these start-ups a chance to secure an investment of US$250,000, as well as operational guidance, to take their ideas to the next level.

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Glatfelter's Sustainable Packaging Solution Wins IDEA® 22 Sustainability Advancement Award

Glatfelter Corporation, a leading global supplier of engineered materials, is proud to announce they are the recipient of the first IDEA® 22 Sustainability Advancement Award, in partnership with Blue Ocean Closure (BOC) and ALPLA, for their innovative, sustainable, fiber-based screw caps. This prestigious award was created to recognize companies that demonstrate excellence in innovation, sustainable product offerings, and outstanding contributions to the nonwovens market.

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Sappi North America Awards 2022 Ideas that Matter Grants

Sappi North America announced the world-class designers selected to receive 2022 Ideas that Matter grants for their support of social causes ranging from child literacy, immigration and maternity care to rainforest preservation, anti-poverty programs and resources for women of color.

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Market News of Note

Cascades Changes 2022 Annual General and Special Meeting of Shareholders to a Virtual-Only Format

Cascades Inc. announced that, due to the ongoing public health impact of the coronavirus (COVID-19) pandemic, and to mitigate the health and safety risks to the Company's shareholders, the location of the Company's 2022 Annual General and Special Meeting of Shareholders (including any adjournments or postponements, the "Meeting") has been changed to a virtual-only meeting format.

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Joint Venture

Greif, Inc. Completes the Sale of Joint Venture to Gulf Refined Packaging

Greif, Inc., a global leader and industrial packaging solutions provider, announced today that it has completed its previously announced divestiture of the Flexible Packaging joint venture, or "FPS" for a total cash consideration of $123 million, subject to certain conditions and post-closing adjustments, to Gulf Refined Packaging.

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Metsä Fibre and Veolia sign partnership agreement for biomethanol production at Äänekoski mill

Metsä Fibre and Veolia have signed a long-term partnership agreement on the refining of crude methanol generated in pulp production at the Äänekoski bioproduct mill into commercial biomethanol.

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Nippon Paper Industries and Elopak agree Oceanian license

Elopak ASA and Nippon Paper Industries have agreed that Nippon Paper will produce and sell Elopak's lineup of Pure-Pak® packaging for liquid food and beverage products worldwide and introduce them to the Oceania region.

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Sonoco Acquires Remaining Interest in Brazil Joint Venture

Sonoco, one of the largest global sustainable packaging companies, announced it has acquired the remaining one-third interest in Sonoco do Brasil Participacoes, Ltda, a Brazil-based flexible packaging joint venture, from private investors.

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Legal

Court orders Nova Scotia into mediation with Northern Pulp

The order demands closed-door negotiations between the province and Northern Pulp over the former's alleged liability for forcing the closure of the Boat Harbour effluent treatment facility a decade before the expiry of the company's lease to the provincially owned facility.

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EEOC Sues International Paper for Disability Discrimination

Memphis-based International Paper, Co., one of the world's largest producers of fiber-based products such as packaging materials and fiber pulp, violated federal law by discriminating against an applicant based on his disability, ADHD (attention-deficit/hyperactivity disorder), the federal agency announced.

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Major Expenditures

Ahlstrom-Munksjö successfully completes its investment in a new glass microfiber media line in Turin

Initially announced in January 2020, Ahlstrom-Munksjö has completed its investment and started production for additional capacity in both filtration and energy storage materials at its plant in Turin, Italy. By successfully expanding manufacturing facilities, Ahlstrom-Munksjö is making a strong commitment to customers in both the High-Performance Filtration and Energy Storage markets.

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Enviva Announces $250 million Investment

Enviva Inc., the world's leading producer of sustainable wood bioenergy, announced it will invest approximately $250 million in Bond, Mississippi to build a new wood pellet production plant. The facility is a key component of the company's growth strategy to double production capacity from the current 6.2 million metric tons annually to approximately 13 million metric tons annually over the next five years.

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Weyerhaeuser breaks ground on new regional headquarters

Weyerhaeuser has broken ground on its new 7,860-square-foot building that will serve as its regional timberlands office.

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Mergers & Acquisitions

Antalis acquires BB Pack Group in Germany

Antalis has signed a binding offer to acquire BB Pack Group in Germany - BB Pack, cr8 Packaging and Printmate. The offer is subject to the satisfaction of customary conditions precedent, including the approval of the German competition authority.

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Interfor to Sell Acorn Specialty Sawmill in British Columbia

The Mill is located on an approximately 30-acre leased site on the Fraser River in Delta, B.C. The Mill was built in 1963 and was acquired by Interfor in 2001 from Primex Forest Products.

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Lindsay Goldberg Enters into Agreement to Sell Pixelle Specialty Solutions LLC to H.I.G. Capital

Pixelle Specialty Solutions Holding LLC, a leading provider of fiber-based specialty solutions in North America and portfolio company of Lindsay Goldberg, announced that it has signed a definitive agreement to be acquired by an affiliate of H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $48 billion of equity capital under management. Terms of the transaction were not disclosed.

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Mayr-Melnhof acquires pharma packaging group Eson Pac in Sweden

The Mayr-Melnhof Group (MM) acquired 100% of the shares in Eson Pac, headquartered in Veddige, Sweden, from the majority shareholder Nalka Invest AB as well as family and management minority shareholders.

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Mondi acquires production assets of Lafarge Cement Egypt to strengthen its position in the region

The acquired production lines will increase Mondi's capacity by around 150-180 million bags annually and strengthen Mondi's position in the Egyptian paper bag market.

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Rengo acquires Nagai Tekko in Japan

Rengo has acquired 100% of the shares issued by Nagai Tekko Co., Ltd., making Nagai Tekko a Rengo subsidiary.

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Major Announcements

Georgia-Pacific Opens Two New Facilities to Manufacture Recyclable Padded Mailers for E-Commerce

Georgia-Pacific announced it has officially opened new facilities in McDonough, Georgia and Jonestown, Pennsylvania to produce an innovative, recyclable paper padded mailer. When combined with the recently added manufacturing capacity of a third production line at the company's Phoenix-area plant, Georgia-Pacific has expanded its recyclable mailer production by 350% to help meet growing demand for more sustainable e-commerce packaging options.

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Huhtamaki's President and CEO Charles Héaulmé to resume his duties on April 19, 2022

Huhtamäki Oyj's President and CEO Charles Héaulmé will resume his duties on April 19, 2022. On December 21, 2021, Huhtamaki announced that he was diagnosed with cancer and had to take a leave of absence.

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Pratt plans new facility in Texas

"We're very honored to be in Cedar Hill and we're committed to the great state of Texas - in fact this is our fifth box factory here," Anthony Pratt, executive chairman of Pratt Industries, said in a statement. "We have long prided ourselves on the fact that we employ 11,000 Americans in well-paying, green-collar manufacturing jobs and we have now invested in America to the value of $10 billion. Cedar Hill will be our 71st factory in the U.S.A."

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Sonoco Announces Senior Leadership Promotions

Sonoco announced promotions among its senior operational leadership which are aligned with the Company's strategy to simplify its operating structure to improve efficiency and effectiveness, according to Howard Coker, President and Chief Executive Officer. The appointments are effective immediately.

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WestRock Panama City Paper Mill to close

WestRock says the Panama City mill would "require significant capital investment" to maintain and improve. The press release on the WestRock website says, "By closing this mill, significant capital that would be required to keep the mill competitive in the future will be deployed to improve other key assets."

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Restructurings

West Fraser Timber Permanently Reducing Capacity at Pulp Mill in Hinton, Alberta

West Fraser Timber Co. Ltd. announced that it will permanently reduce capacity at its pulp mill in Hinton, Alberta ("Hinton Pulp") by the end of this year. One of Hinton Pulp's two production lines will shut, and the remaining line will produce Unbleached Kraft Pulp ("UKP") rather than Northern Bleached Softwood Kraft Pulp ("NBSK").

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Environmental

Ahlstrom-Munksjö Aspa pulp mill to test a new technology for phosphorus purification

Aspa Bruk is working with a Swedish environmental technology company called Axolot Solution in a joint project during a three-month period. During this time extensive tests are performed aiming at reducing the phosphorus emissions from the mill. The project is based on Axolot's electrochemical AxoPur® 2.0 process and the trial is planned to continue until the start of the summer.

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Operations News

Conciliator interrupts the conciliation between UPM Communication Papers and Paperworkers' Union, conciliation continues in other UPM businesses

The conciliator has announced that the conciliation between UPM Communication Papers and Paperworkers' Union has been interrupted, as the parties' views are still far apart. At the same time, the conciliator announced that the conciliation in UPM Specialty Papers, UPM Raflatac and UPM Biofuels continues. For UPM Pulp the conciliator has already submitted a settlement proposal.

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Conciliator submits settlement proposal for UPM Biofuels

Conciliator Leo Suomaa has submitted a proposal for UPM Biofuels in the collective labour negotiations with the Paperworkers' Union. The conciliator has asked the parties to state their position on the proposal by 14 April 2022 at 10:00 EEST, which is also the deadline for the settlement proposals for UPM Pulp, UPM Specialty Papers and UPM Raflatac, given earlier by the conciliator.

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Conciliator submits settlement proposals for UPM Specialty Papers and UPM Raflatac

Conciliator Leo Suomaa has submitted proposals for UPM Specialty Papers and UPM Raflatac in the collective labour negotiations with the Paperworkers' Union. The conciliator has asked the parties to state their position on the proposals by 14 April 2022 at 10:00 EEST, which is also the deadline for the settlement proposal for UPM Pulp, given earlier by the conciliator.

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Domtar Ashdown Mill A62 Paper Machine Resumes Full Operation

The A62 paper machine at our Ashdown Mill is once again fully operational thanks to excellent planning and foresight by our commercial paper team, along with outstanding dedication and agility from our manufacturing production team.

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Fire At International Paper In Cantonment

Firefighters responded to a fire at International Paper in Cantonment Friday morning, April 1.

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Firefighters tackle blaze at West Fraser's wood panel manufacturing plant near Inverness

Firefighters spent more than five hours tackling a blaze at a wood panel manufacturing plant near Inverness on April 4.

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Glatfelter Announces Chief Financial Officer Transition

Glatfelter Corporation, a leading global supplier of engineered materials, announced that Ramesh Shettigar, Vice President, ESG, Investor Relations & Corporate Treasurer, will be promoted to the role of Senior Vice President, Chief Financial Officer & Treasurer, effective May 6, 2022.

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Graphic Packaging Holding Company Appoints Elizabeth Spence as Executive Vice President, Human Resources

Ms. Spence joins Graphic Packaging from Gypsum Management and Supply where she was most recently vice president and chief human resources officer.

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Klabin conducts maintenance shutdown at Monte Alegre mill in Telêmaco Borba, Brazil

It is during the shutdown that the company carries out all the maintenance necessary to ensure the unit's operational reliability, in line with Brazilian regulations.

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Monadnock Paper Mills, Inc. Announces New Technical Services Manager

Frank Shaffer has joined Monadnock Paper Mills, Inc. as Technical Services Manager. In this newly developed role, Frank will act as liaison between Monadnock and its vendors and customers relative to new product development, quality, sales and marketing.

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Pine Bluff officials investigate fire at Twin Rivers Paper Mill

Pine Bluff fire officials started investigating a fire that happened at the Twin Rivers Paper Mill on Thursday, April 7.

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