Recent Articles

$5 million program to provide targeted support to five communities across North America.

Sun Chemical has launched its new groundbreaking 'Pace' technology platform for sheetfed offset inks. SunPak FSP, Sun Chemical's flagship sheetfed offset low migration ink for food packaging, will be the first ink to transition to the new technology with the launch of SunPak FSP EcoPace.

Caressa is a digital platform and new business model for Essity that brings together care essentials - tasks, medications and appointments - into one subscription-based app, enabling multiple family members to collaborate and coordinate the care of a loved one.

Metsä Group and industrial maintenance service provider Quant Finland have agreed to halve the consumption of fossil hydraulic oil together in Metsä Group's plywood and Kerto LVL mills by 2027 compared to 2022.

Reported insider trading since the last issue of PaperMoney.

Tomi Sederholm has been appointed as Senior Vice President, UPM Business Control and Finance Operations as of 1 December 2023.

His nearly 40-year career included progressively senior roles at Boeing, Eaton, and Lockheed Martin, as well as President, CEO and board member of Tapestry Solutions, a Boeing subsidiary.

Boise Cascade Company announced the promotion of four of its business leaders.

The Nomination Committee of Essity Aktiebolag (publ) proposes that Jan Gurander be appointed Chairman and member of Essity's Board of Directors at the Annual General Meeting in March 2024. As previously announced, Essity's current Chairman of the Board, Pär Boman, has declined re-election.

The Engineered Wood Association's (APA) has elected a new chair, vice chair, finance committee chair and two new members.

Mark McHugh named President and CEO, effective April 1, 2024.

Targeting $1 billion of select asset sales over the next 18 months.

Greif, Inc. announced that it has entered into exclusive negotiations to acquire I PACKCHEM Group SAS, a global leader in premium barrier and non-barrier jerrycans and small plastic containers, from an affiliate of SK Capital Partners, in a cash transaction valued at $538 million.

The Board of Directors appointed Aleksey Lomko as CEO of JSC Ilim Group effective from October 30, 2023.

Quad announced that it will cease operations at its Effingham print manufacturing location by the end of 2023.

The Putnam County Fire Rescue reported a fire at the Georgia Pacific Paper Mill in Palatka Wednesday night, Oct. 25.

The total investment of R$1.66 billion, announced during the disclosure of the 3Q23 results, is aligned with Suzano's strategic business avenues and underscores its commitment to constantly adapt its operations to evolving demand in Brazil and the global markets.

Metsä Board, part of Metsä Group, will initiate change negotiations on possible temporary layoffs for its paperboard and BCTMP mills in Finland. The negotiations involve a total of approximately 1,100 employees at the Joutseno, Kaskinen, Kemi, Kyro, Tampere, Simpele and Äänekoski mills.

Atlanta-based Hood Container is cutting 88 jobs at its Matthews facility, according to a Worker Adjustment and Retraining Notification Act (WARN) filed recently with the North Carolina Department of Commerce. The layoffs are effective Dec. 19.

Massimo Reynaudo has been appointed President and CEO of UPM-Kymmene Corporation as of 1 January 2024. Jussi Pesonen will continue as the President and CEO until 31 December 2023, after which he will work as an advisor to the Company and its management until he will retire from UPM on 30 April, 2024.

There were no injuries in the fire and a damage estimate is not available.

The three unions representing workers at Woodland Pulp in Baileyville say that the mill has hired about two dozen temporary workers to cross the picket line and replace those on strike.

Massive investment in corrugated board-processing machinery is expected to ensure growth and quality.

The paper mill in Crofton will not resume operations until the end of November at the earliest, meaning 70 workers will not be back on the job until December.

Boise Cascade's Building Materials Distribution (BMD) division has completed the purchase of a new 120,000 sq. ft. warehouse and distribution facility in West Palm Beach, Florida.