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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 140 papermaking innovators and legends have been enshrined. This month, we profile Thomas Grace, who was inducted into the Hall of Fame in 2003.

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The PM40 closed Friday, 16 April 2021, at 4388.

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 Glatfelter and Sonoco.

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The PM40 closed 16 April 2021 up 48.1% from the 17 April 2020 level.

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Reported insider trading since the last issue of PaperMoney.

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Just in....

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Earnings & Dividends

Market News of Note

Sappi Europe announces a price increase for all its woodfree coated and woodfree uncoated paper grades by 7 - 10 % effective 1. June 2021 for all markets in Europe. This is in addition to the previously announced and implemented increases.

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Supplier News

After a complete dryer section rebuild supplied by Toscotec, Cartiera di Ferrara fired up PM1 at its mill in Ferrara, Italy. Toscotec modified the entire dryer section, without changing its overall length and therefore leaving the positions of the press and the pope reel unchanged. This allowed for a very short shutdowntime because civil works were not necessary to achieve the planned production increase. The paper machine achieved stable production immediately after start-up.

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Environmental

Charmin's commitment extends well beyond the bathroom and aims to keep forests thriving for communities and wildlife for generations to come. Why? It's simple - Charmin loves trees, no butts about it.

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Amusing & Interesting

Major Announcements

Kimberly-Clark Corporation announced executive leadership changes in support of its global business strategy.

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Restructurings

Kimberly-Clark will move more than 250 positions in sales, marketing and executive management from Wisconsin to a new commercial center in Chicago, the company said Wednesday.

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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 2021 | fire, accidents, fatality, disaster, explosion, pulp, paper, industry,

Incidents in 2021: 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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Corporate Finance

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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

UFP Industries, Inc. announced that its wholly owned subsidiary Sunbelt Forest Products Corporation closed on its agreement to purchase the net operating assets of Spartanburg Forest Products, Inc. and its affiliates. The purchase price for Spartanburg's property, plants and equipment is approximately $16.5 million. Sunbelt also purchased Spartanburg's net working capital for an amount equal to the net book value determined on the date of closing, which totaled approximately $146.5 million.

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Legal

An ex-finance manager from Weyerhaeuser who stole over $4.5 million from the timber business has been sentenced to nearly five years in prison.

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Major Expenditures

With an investment sum of Euro 16.7 million DS Smith is expanding and modernizing its traditional site in Arnstadt, Thuringia, Germany. The recent symbolic ground-breaking ceremony marks the start of construction work to renovate and expand the plant, which will take place while production continues and will span the next 12 months.

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Operations News

Arctic Paper has decided to create a new cohesive R&D function at the Swedish mill in Munkedal. Daniel Klang has been appointed as Group R&D manager.

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Rationalizations

Final Word

The Final Word by Helen Roush

UPM recently announced new innovations in responsible wood construction.

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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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