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The PM40 closed Friday, 29 August 2025, at 5513.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 29 August 2025 down 5.1% from the 30 August 2024 level.

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

The Trump Administration's executive orders cut across dozens of industries. This searchable tool breaks down the orders and their impact.

Boards of Directors have made many serious decisions this year. We're going to assume they were well informed, personally competent, and take their fiduciary duties seriously. We know at times boards can lose their way, collectively be incompetent and so forth. In these cases, we often see bankruptcies. Yet, for now and this year, we'll assume they are acting rationally, using all the best data available.

Global leader in industrial process solutions broadens partnership with ISN® to enhance subcontractor due diligence and sustainability initiatives.

EcoVadis recognized the quality of ANDRITZ's sustainability management system and commitment to transparency throughout its value chain.

The new OCC (Old Corrugated Containers) line is scheduled to start operations in the Q2 2026.

It took less than 10 months from the installation of the first dryer cylinder to the full machine line start-up.

Start-up is scheduled for the end of the third quarter of 2026.

Valmet has received its first order from Papertech Industries in Bangladesh for a complete automation system aimed at improving production quality and efficiency.

In May 2025, Sappi North America and Valmet celebrated the successful start-up of the rebuilt paper machine 2 (PM 2) at the Somerset paper manufacturing facility in Skowhegan, Maine, USA.

The papermaking lines will produce uncoated woodfree grades and start-ups are scheduled from late 2026 to early 2027.

Cascades Inc., a leader in the manufacture of eco-friendly packaging and hygiene products, is proud to announce the official launch of Cascades Fluff® Excellence, an innovative bathroom tissue that has been specifically designed to meet consumer expectations for softness, thickness, and strength. This new offering reflects the Company's expertise and commitment to innovation for the well-being of its customers.

Henkel's Blue Star brand with MM Board & Paper recycled cartonboard receives top honours in "Functionality and Convenience" category.

The platform serves as a centralized resource to facilitate the management of certifications and branding, provide detailed technical information about fibres, and enhance partnership engagement with Lenzing, said the company.

National ranking recognizes LP among the top 5% of publicly traded manufacturers.

At Fachpack, visitors will have the opportunity to explore UPM's innovative portfolio of fibre-based, recyclable packaging papers, designed to help customers and brand owners achieve their future packaging ambitions.

Suzano on Thursday said it will raise pulp prices by $20 per metric ton in Asia, and by $80 per ton in Europe and the United States.

Net income decreased 49.6% to $39.3 million or $0.67 per diluted Class A share compared to net income of $78.0 million or $1.35 per diluted Class A share primarily due to a $46.1 million gain from the divestiture of Delta Petroleum Company, Inc. during the third quarter of 2024 (the "Delta Divestiture").

Kraton Corporation, a leading global producer of specialty polymers and high-value biobased products derived from pine chemicals, announced the execution of agreements with International Paper to maintain uninterrupted site services at Kraton's Savannah, Georgia facility.

Based on the prior agreement, Spinnova Oyj has today signed binding agreements to buy all Woodspin Oy and Suzano Finland Oy shares from Suzano S.A. for a total of EUR 2 (two euros).

Edge, a manufacturer of exterior trim, siding and interior accents, announced it is growing its footprint by expanding its partnership with Associated Building Material Distributors of America, Inc.

The 'high-risk' violation involved an unguarded hydraulic system that pumps toxic chemicals created in the pulping process.

The class-action antitrust lawsuit that a customer brought against eight of the largest containerboard producers in the United States is progressing. Industry observers and analysts are keeping tabs on whether the companies in question try for another price increase this year despite the lawsuit.

The American Forest & Paper Association (AF&PA) is calling on the Office of the United States Trade Representative (USTR) to exempt Brazilian bleached eucalyptus kraft pulp (HTS code: 4703.29) from potential Section 301 tariffs, arguing that the material is indispensable to the U.S. tissue industry and cannot be sourced domestically at commercial scale. The group submitted its formal comments as part of USTR's ongoing investigation into Brazil's trade practices.

Amcor's expansion of its healthcare packaging network in Costa Rica includes a new warehouse and distribution facility. Amcor's facility will provide optimized supply chain efficiency for trays, die-cut lids, forming films, bags, and labels.

Earlier this year, Gov. Tony Evers and the Wisconsin State Legislature committed $42 million in state funding to the project. Another $7 million in federal congressionally directed funding is also being pursued.

Forestry company Arauco has sealed a US$2.2bn export credit agency-backed financing package from a diverse group of lenders to develop a pulp production factory in Brazil.

MetsäBoard Classic FBB renewed to meet growing quality and sustainability demands.

In line with its strategy to make more of every tree and to strengthen the long-term competitiveness of family forestry, Södra has decided to invest more than a billion SEK in its sawmill in Kisa, southern Östergötland. This investment is crucial for the future of the sawmill and will contribute significantly to the growing need for timber construction in the green transition.

Avery Dennison Corporation, a leading global materials science and digital identification solutions company, announced it has signed a definitive agreement to acquire the U.S.-based flooring adhesives business of Meridian Adhesives Group, a global adhesives manufacturer, for the purchase price of $390 million. The acquisition is subject to certain customary closing and post-closing adjustments.

The company has yet to submit a reclamation plan to the Nova Scotia government.

Bid from Ontario-based Macer Forest Holdings would leave nothing for cleanup costs.

Domtar says it will "idle" its Grenada facility next month, indefinitely.

IP to Sell Global Cellulose Fibers Business to American Industrial Partners; Other Changes Include a $250 Million Investment in the Riverdale Mill in Selma, Ala. and the Closure of Riceboro Mill, Savannah Mill and Savannah Box Plant

Novolex is shutting down a former Pactiv Evergreen plant in Bakersfield, California, according to a WARN notice posted by the state. The company is permanently closing the manufacturing facility come Oct. 14, impacting 127 employees.

An online auction will be held Tuesday, Sept. 16, 2025 for assets from the Graphic Packaging Middletown, Ohio mill.

Progroup's corrugated sheetfeeder plant in the northern Italian city of Cessalto successfully started regular operation.

Kimberly-Clark is slated to cut 25% of its production capacity at its Cold Spring facility in Fox Crossing, reducing 16 lines to 12 effective January 2026, according to local union leaders.

Smurfit Westrock made a generous gift to the College of Natural Resources at NC State University to jump-start a modernization plan.

Photovoltaic expansion at Lenzing site enhances energy independence.

The new power plant will replace the existing bark boiler and is scheduled for completion in 2027.

Port Hawkesbury Paper (PHP) announces the release of its 2024 Sustainability Report, which details a year of significant achievements and ongoing commitment to environmental stewardship, community growth, and industry-leading safety practices.

Sofidel is intensifying its ecological transition policies and - after the achievements of the WWF Climate Savers program and the endorsement of decarbonization targets to 2030 by Science Based Targets initiative (SBTi) - is committing to Net Zero by 2050.

Longview Fire said the blaze was contained to the one building. No injuries were reported.

Over the weekend, a fire broke out inside the premises of Hylte Paper, formerly known as Stora Enso, in Hyltebruk. Shortly after 4 p.m., the emergency services announced that the fire had been extinguished, according to reports from SVT.

Martz joined Greif in 2002 as the company's first in-house counsel and went on to build a global function responsible for corporate governance, compliance, mergers and acquisitions, joint ventures, litigation, the company's Global Real Estate Services, and other matters.

Kimberly-Clark Corporation announced the appointment of Stacey Valy Panayiotou to Chief Human Resources Officer, effective September 10th. Panayiotou will succeed interim Chief Human Resources Officer Viviane Cury, who will resume her prior role as Vice President, Talent Business Partner for North America.

Kruger has temporarily stopped operations at its Corner Brook pulp and paper mill in Newfoundland and Labrador, eastern Canada, due to wildfire emergency measures introduced by provincial authorities in areas facing very high and extreme fire risk.

Union vice president Tim Jenkins with United Steelworkers Local 731 said the next round of layoffs will leave a skeleton crew of just 50 to 60 employees behind.

Sylvamo Chairman and Chief Executive Officer Jean-Michel Ribiéras stated that the Riverdale supply agreement is not part of the company's long-term strategy. He noted that Sylvamo has been planning for this conversion since its 2021 spinoff from International Paper and has made strategic investments in its North American footprint.