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Remembering George W. Mead II

George W. Mead II, the last local owner of the paper mill in Wisconsin Rapids and one of the 150-plus inductees of the Paper Industry International Hall of Fame in Appleton, Wisconsin, died Friday, July 29, 2022 in Madison, Wisconsin at the age of 94.

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The PM40 closed Friday, 12 August 2022, at 5595.

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 Clearwater Paper and Sonoco.

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The PM40 closed 12 August 2022 up 16.3% from the 13 August 2021 level.

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Recession

I think it was Ronald Reagan who said, "A recession is when your neighbor loses their job, a depression is when you do." The powers that be tell us the United States is in a recession now--two quarters of declining GDP growth.

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Just in....

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NOREXECO

NOREXECO Announces Its First North American Focused Webinar - "Understanding Financial Instruments For North American Buyers and Sellers of Pulp" | NOREXECO,

On June 28th at 11:00 EASTERN TIME, NOREXECO, the world's only international regulated market for trading pulp and paper derivatives, will fully explain the current state and outlook of the pulp markets in North America. Companies have historically utilized these same financial instruments for mitigation of pricing risk for energy, currency exchange, and numerous commodities, and attendees will learn that leveraging the same strategies for pulp is no different, and NO PHYSICAL DELIVERY IS REQUIRED.

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Market News of Note

Yes, this is in addition to previously communicated increases.

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Supplier News

Kemira Oyj announces change in Management Board. Antti Salminen has been appointed to lead Kemira's Pulp & Paper segment as of August, 15. He's had several prior leadership positions in Kemira, latest as President, Industry & Water segment and has been a member of Kemira's management board since 2011. He has a PhD in engineering.

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Environmental

Ilim Group is finalizing the construction of the largest kraftliner mill (KLB Mill) in Ust-Ilimsk, Russia. It is the first mill in the Russian pulp and paper industry to use a two-stage biological wastewater treatment system.

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Amusing & Interesting

First impressions are very important.

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Major Announcements

Sonoco Products Company, a diversified global packaging leader, is pleased to announce the promotion of Assistant Corporate Controller Aditya Gandhi to the newly created role of Chief Accounting Officer, effective immediately.

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Restructurings

Resolute Forest Products Inc. announces the ratification of a four-year labor agreement with the Unifor union covering 1,000 employees working in eight of the company's Quebec sawmills, following an agreement-in-principle reached on July 15.

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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 2022 | fire, accidents, fatality, disaster, explosion, pulp, paper, industry,

Incidents in 2022: 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

Palm Paper is a market leading distributor of foodservice and janitorial sanitation products.

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Legal

The U.S. Department of Commerce is lowering tariffs against most Canadian softwood producers by half, but the long-running trade dispute lingers as Canada plans to appeal the decision to maintain punitive duty rates.

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Major Expenditures

Georgia-Pacific plans to expand operations in Clarendon County, South Carolina. The company is investing approximately $40 million into the project.

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Operations News

In its second-quarter results for 2022, Canfor said the Taylor Pulp Mill curtailment will continue until "more normal" transportation levels return to its pulp and paper mills.

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Joint Venture

Mondi, a global leader in packaging and paper, has collaborated with Essity and Dow to create new, recyclable secondary packaging for Essity's feminine care products, using renewable materials and post-consumer recycled content that reduces use of fossil-based materials.

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Final Word

The Final Word by Helen Roush

Plantable seed paper

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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.

Be safe, and we will talk next week,


Jim Thompson

Paperitalo Publications
The Home of your Prospects (TM)


Paperitalo Publications LLC

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