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Cheap does not work in the long run

Often, mills or whole companies are lost because the management was too cheap and lacked creativity. Being cheap about your business in the long term means you do not innovate, you do not invest in your people, you do not invest in your brands. Do this long enough and you are dead

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The PM40 closed Friday, 2 August 2019, at 3010.

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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Reported insider trading since the last issue of PaperMoney.

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The PM40 closed 2 August 2019 down 26% from the 3 August 2018 level.

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

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Just in....

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Earnings & Dividends

Market News of Note

As a result of the temporary and permanent curtailments of production announced to date, West Fraser expects lumber production in 2019 to be at least 600 million board feet lower than 2018.

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Supplier News

Start-up is scheduled in 2022.

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Environmental

Asia Pulp and Paper (APP), a subsidiary of diversified conglomerate Sinar Mas Group, has announced that it is stepping up efforts to fight forest and bush fires in its concession areas in anticipation of the dry season.

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Amusing & Interesting

Major Announcements

Sonoco announced its Board of Directors has approved the termination of the Sonoco U.S. Pension Plan for Inactive Participants effective September 30, 2019.

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Reference Library

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 2019 | fire, accidents, fatality, disaster, explosion, pulp, paper, industry,

Incidents in 2019: 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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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

Graphic Packaging Holding Company announced it has reach an agreement to buy Artistic Carton Company, a package manufacturing company, for an undisclosed amount.

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Legal

Food and drinks suppliers could get a worse deal on their packaging if DS Smith sells part of its business to Liqui-Box, the competition watchdog has found.

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Major Expenditures

UPM has today made the investment decision to construct a 2,1 million tonne greenfield eucalyptus pulp mill near Paso de los Toros in central Uruguay.

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Operations News

Officials have given the all clear regarding the bomb threat Monday at the Georgia Pacific facility west of Quanah and Loop 285 has been reopened.

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Rationalizations

Restructurings

The small community of Fort St. James, B.C., has declared a state of local financial crisis in the wake of the closure and recent sale of its largest sawmill.

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Final Word

The Final Word by Helen Roush | corruption,

The Pulp Rats are back!

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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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