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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 150 papermaking innovators and legends have been enshrined. This month, we profile the late Derek H. Page, who was inducted into the Hall of Fame in 2003.

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The PM40 closed Friday, 17 March 2023, at 4783.

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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In this issue of Disconnected Comparisons, we evaluate Greif and PCA.

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The PM40 closed 17 March 2023 up 0.2% from the 18 March 2022 level.

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Reported insider trading since the last issue of PaperMoney.

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Just in....

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NOREXECO

Interview with NOREXECO | NOREXECO,

In this special episode, we talk with Stein Larsen, CEO NOREXECO ASA.

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Market News of Note

Sylvamo was selected to replace Resolute Forest Products (RFP) on the PM40 when Resolute's common stock ceased to be listed on the the New York Stock Exchange and the Toronto Stock Exchange after the Paper Excellence Group, through its wholly-owned subsidiary Domtar Corporation, on April 1 announced the successful closing of its previously announced acquisition of Resolute Forest Products Inc.

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Supplier News

The delivery also includes an extensive package of stock preparation, automation and service solutions.

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Environmental

Enviva Inc., the world's leading producer of sustainably sourced woody biomass, is recognized by the Chesapeake Environmental Improvement Council (CEIC) for its efforts to improve the environment and keep Chesapeake, Virginia beautiful.

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Amusing & Interesting

You stink and I'm sick and buy stuff...

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Major Announcements

Weitzel to succeed Andrew Wamser as company continues to pursue its strategic growth objectives.

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Restructurings

J.D. Irving Ltd. and Twin Rivers Paper Company have 2021 and 2022 assessments cut on two mills.

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S & F Arguments

Read the monthly newsletters here or subscribe and have them emailed to you hot off the press!

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Reported Risk

Risks: Fires, Fatalities and Catastrophes in 2023 | fire, accidents, fatality, disaster, explosion, pulp, paper, industry,

Incidents in 2023: We are updating this list as these happen in the pulp, paper and forest products industry

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Closures/Reductions

We are updating this list as these happen in the pulp, paper and forest products industry

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Capital Projects

We are updating this list as these happen in the pulp, paper and forest products industry

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Corporate SEC Filings

Pulp and Paper Manufacturers report to the US Securities and Exchange Commission

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Other Corporate News

What they want us to know...

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Labor & Union Actions

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Mergers & Acquisitions

Stora Enso has completed the divestment of its Maxau paper production site in Germany, and all related assets to Schwarz Produktion, part of Schwarz Group. The divestment announced on 13 September 2022 was completed today after regulatory approvals. The enterprise value of the transaction is approximately EUR 210 million.

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Legal

The closure of the Canton paper mill raises questions over whether the Pactiv Evergreen will have to repay some or all of a $12 million state grant it received eight years ago.

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Major Expenditures

Heinzel Group announces the conversion of an idled paper machine at the Steyrermühl mill in Austria for the production of sustainable kraft papers for flexible packaging. Heinzel will take over the Steyrermühl site from UPM on January 1st, 2024, according to an agreement signed in 2022, and will enter the market with a new range of unbleached and bleached kraft papers shortly thereafter.

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Operations News

In February, workers here voted down a contract offer paving the way for a possible strike. On Monday, March 13, a union representative said a revised contract was presented and the union workers overwhelmingly said yes to the company's terms.

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Joint Venture

The expanded distribution will begin later in the first quarter of 2023.

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Final Word

The Final Word by Helen Roush

The Frogmore Paper Mill in Apsley, UK is making paper out of elephant dung, in an effort to go greener.

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Wise Advertising

Something to consider...
Something to consider...

Having trouble reaching decision makers?

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The Fine Print

At your service

Permission granted for reprinting, as long as entire articles are reprinted without modification or truncation.

"PaperMoney" is a registered trademark (USPTO Reg. No. 2947381) of Talo Analytic International, Inc.


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