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Pick your mood...optimistic, eh, or pessimistic...and you can find it in the pulp and paper industry right now.

The PM40 closed Friday, 1 December 2023, at 5213.

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 1 December 2023 down 1.3% from the 2 December 2022 level.

In this issue of Disconnected Comparisons, we evaluate Avery Dennison and Sappi.

Sappi Europe will increase prices for its fine paper grades by 7-10% from January 2024. This increase is necessary to maintain viability of Sappi's business, the actual amount will depend on the product and market circumstances.

Brazilian pulp producer Suzano selected international technology group Andritz to provide modular maintenance services for its new mill being built in Ribas do Rio Pardo, state of Mato Grosso do Sul, Brazil.

The new capacity is planned to be in operation in Q3 2025.

Norwegian cardboard producer Ranheim Paper & Board started up PM5 at its Ranheim paper mill after a dryer section rebuild supplied by Toscotec.

Andritz will supply a methanol liquefaction plant to Japanese unbleached kraft pulp producer Hyogo Pulp Industries Ltd.

Bruks Siwertell has secured a contract for the design and supply of a new biocarbon pellet plant, which will replace coal in steelmaking and deliver renewable energy to one of the first 'green steel' production facilities of its kind.

Opinion follows skeptical previous ruling from last year.

Rayonier Advanced Materials (RYAM) of Fernandina Beach has submitted an application to the state for a bioethanol production plant that would be located at its current cellulose production complex.

Monadnock Paper Mills, Inc., the oldest continuously operating paper mill in the United States, announces the launch of its 2022 Corporate Social Responsibility (CSR) Report, which details its commitment to sustainability and visions for the future. Monadnock Paper Mills continues to champion sustainability in the world of fiber-based solutions, setting its sights on a brighter, more eco-friendly future.

BlueLinx Holdings Inc. and Louisiana-Pacific Corporation (LP Building Solutions) announce again an expansion of their distribution partnership. The expanded collaboration will include LP's SmartSide Trim & Siding and LP SmartSide ExpertFinish Trim & Siding, in BlueLinx's Seattle and Spokane, Washington branches.

The Inland Empire Paper Co., which owns roughly 120,000 acres in Eastern Washington and North Idaho, is asking the U.S. Forest Service for multiple conservation easements. Inland Empire is owned by the Cowles Co.

Essity has joined the European research project Sustronics, which is supporting the development of circular electronic products. Companies and universities from 11 countries will, together with Essity, develop sensor-based digital solutions for self and professional care.

Georgia-Pacific was recognized for its initiatives facilitating diversity and inclusion, served as an Ambassador Sponsor for the gala, and donated $25,000 to the organization.

According to a study by the Natural Resources Institute Finland (Luke), regeneration areas can provide habitats for rare and threatened species that depend on decaying wood, and the occurrence of these species can be increased via ecological forest management measures.

Metsä Group and Risutec have jointly developed an accessory with which forwarders can prepare soil while harvesting logging residue. This improves productivity and helps reduce fossil emissions from forestry.

Pregis®, a global leader in high-performance flexible packaging and protective packaging solutions, achieved International Sustainability and Carbon Certification (ISCC) PLUS certifications at its facilities in Hopkinsville, Ky., and Visalia, Calif. These certifications are a notable addition to the company's growing list of ISCC PLUS certified locations in the Netherlands and North America.

With the ongoing development of the United Nations Treaty on Plastic Pollution, governments from over 170 nations are working toward policy measures to combat the negative environmental impacts of hard-to-recycle plastics.

Sun Chemical has further enhanced its sheetfed offset direct food contact ink offering with the launch of an innovative, 'green' shade blue pigment that helps to increase the color gamut available to designers and brand owners, especially now within the 'green' shade color space without comprising compliance to accepted food safety standards.

Paper and batteries

Reported insider trading since the last issue of PaperMoney.

As required by the Takeovers Code in Hong Kong, Essity has today confirmed that discussions are ongoing with a number of interested parties in respect of a potential transaction regarding Essity owned shares in Vinda. No decisions relating to the future ownership of Essity's Vinda shares have been made. Vinda has made a public announcement as required by local laws.