Recent Articles

Atlantic Packaging has partnered with TOM FORD and Lonely Whale to accelerate the adoption of seaweed-based plastic alternatives.

Water is essential in the pulp and paper industry, which is why at Lecta we prioritize the efficient use of this valuable natural resource. Our mills have a high rate of water recycling, and the amount discharged is almost equal to the intake.

SCA is increasing its degree of self-sufficiency in electricity for its own industry by acquiring Fasikan Vind AB, a wind power project located on SCA's land in the Bräcke municipality of Jämtland County. The seller is Arise AB.

The hygiene and health company Essity has inaugurated the world's first production line for professional hygiene tissue products where the raw material consists of used food and milk packaging. The facility recycles 25,000 tons per year, equivalent to 60% of all collected, sorted and recycled food and beverage cartons in France.

Sofidel, a global household products company ranked first over 103 companies in its industry by Morningstar Sustainalytics for its commitment to the preservation of biodiversity, anti-corruption strategies and transparency.

The overall winner in the award's third year addresses the importance of equipment and process reliability.

Södra's new cold storage for plants was inaugurated by chairman of the board Magnus Hall. Frysen, located in Falkenberg, is Södra's first and has room to handle 40 million forest plants.

UPM Specialty Papers, Lantmännen Unibake and Adara have co-created a new fibre-based packaging that replaces plastic bags as primary packaging for frozen baked goods. To minimize the use of fossil-based materials, the companies joined forces to create a solution where the plastic bags were eliminated by using UPM Asendo™ barrier paper as an inner liner in the corrugated cardboard box; the barrier paper layer ensures food safety and freshness.

New developments in innovation

Reported insider trading since the last issue of PaperMoney.

The Nomination Committee of SCA proposes that Helena Stjernholm be elected as chairman and member of the SCA board at the annual general meeting on March 22, 2024. SCA's current chairman, Pär Boman, as previously communicated, has declined re-election.

Huet joins as an independent member of the Quad board.

Yokley retired from EY in June 2022, where he spent 34 years serving in various capacities, including Audit Partner in Georgia, New York, Australia, Sweden, California, and North Carolina.

Up to 1 million boxes will be made each day at Visy's new corrugated cardboard box factory in Hemmant, Queensland.

Sappi Europe completed a consultation process on the closure of Stockstadt mill in Germany and agreed on the social plan for the employees. In addition, an agreement has been signed for the sale of the site. The closure of the site should be completed during the first calendar quarter of 2024. Once all closure elements are taken into account, the impact is expected to be cash neutral.

Norske Skog has completed a transaction for the sale of the Tasman mill industrial site and remaining mill assets to the Australasian pulp, paper, and packaging group Oji Fibre Solutions.

Rayonier Advanced Materials Inc. is announcing that in order to optimize inventory levels and address lower-than-anticipated demand, its Témiscaming Paperboard operation and one of its High-Yield Pulp lines will be idled for 3 weeks, beginning on October 7, 2023.

Pixelle employs six people to maintain operations and oversee decommission activities. The company is selling the paper machines and the related equipment.

The $17.7 million investment is expected to create 30 new jobs.

State-of-the-art facility will meet region's growing product demand.

Workers say management has not been bargaining in good faith and filed a complaint with the National Labor Relations Board.

Firefighters were on the scene for around three and half hours.

As market demand for high-performance, sustainable building materials is increasing, Ahlstrom continues to grow its glass fiber tissue business and strengthen its manufacturing platform globally by completing a major investment at its plant in Madisonville, KY, U.S.

LP Building Solutions (LP) announces the opening of its new state-of-the-art LP SmartSide ExpertFinish prefinishing facility in Bath, New York. The 90,000-square-foot facility will bring more than 60 new jobs to the area over the next several years.

Mondi has received RUB 57 billion ($568 million) into its London bank account and it is in possession of a letter of credit for the final RUB 23 billion ($229 million), which will be paid in two equal instalments in each of November and December 2023.