Recent Articles

The Paper Excellence Group (Paper Excellence) announced its updated organizational structure for its business units following the recent acquisitions of Resolute Forest Products in March 2023 and Domtar in November 2021.

The Euro 33.9 million investment is focused on equipment upgrades including purchasing state-of-the art machinery for innovative packaging to support ongoing plastic replacement and boost productivity in the East European market.

After a long process to identify potential buyers, Ahlstrom has received a binding offer from Accursia Capital to acquire the Stenay plant. The potential acquisition is subject to consultation with employee representatives.

WestRock Co. will close one of its St. Louis facilities, laying off 54 workers in September, according to a notice filed with the state.

UPM Communication Papers plans to continue the temporary layoffs in Finland. The possible temporary layoffs could take place in several periods and would last a maximum of 90 days.

It was reported 100 workers are getting a 3 percent raise and a $3,800 bonus in their new three-year contract.

Officials said on Saturday, July 22, only six small areas remain smoldering at the Nippon Dynawave site in Longview.

The curtailment is currently scheduled to become effective July 29, 2023, until August 28, 2023.

Facilities affected include a paper mill in South Glens Falls, a warehouse and distribution center in Saratoga Springs, and a converting facility in Greenwich.

The Prince George mill was temporarily curtailed last week, due to the strike by port workers.

Cenveo did not give a reason for why it closed the plant, though the company has been restructuring after it filed for Chapter 11 bankruptcy in 2018.

Workers walked out and production at the paper mill ceased due to the Teamsters Local No. 346 strike.

Fire crews are on the scene of a large commercial fire that began Tuesday night, July 18, at Nippon Dynawave Packaging in Longview, officials say.

Construction is expected to begin in the next 18 months, once the sale closes.

Huhtamaki is making a significant investment in its Paris, Texas facility in the U.S. The investment consists of an expansion of its manufacturing capacity as well as a consolidation of an external warehouse. The investment into production assets is approximately $30 million, and the warehouse and manufacturing facility will be leased.

The hygiene and health company Essity has completed the divestment of its operations in Russia for a purchase price of approximately SEK 1.2bn on a cash and debt-free basis. Essity has thus exited Russia.

These two plants have a revenue of Euro 105 million in 2022, and provide direct employment to 247 people.

Mondi, a global leader in packaging and paper, is investing €16 million in new technology to produce a new packaging range called FunctionalBarrier Paper Ultimate. This ultra-high barrier paper-based solution for food meets growing customer demand for sustainable packaging that contributes to a circular economy.

Urban centric people tend to look down on the agricultural world as being backwards, unlearned and out of date. Nothing could be further from the truth. If one puts a stick in the ground about 1810 and measures progress in productivity and efficiencies since then, no industry has outpaced agriculture. Agriculture advances in genetics (plant and animal), fertilization, irrigation, equipment and electronics have been outpaced by no one. Even our own industry is dependent the thriving growth of one sector of agriculture...forests. So, when I see an advancement in agriculture, I pay attention and consider how we might use it in our own industry.

The PM40 closed Friday, 28 July 2023, at 5302.

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 28 July 2023 up 0.4% from the 29 July 2022 level.

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

Successful financing transaction creates greater financial flexibility and valuable optionality supporting the execution of RYAM's strategic priorities and shareholder value creation.

The former double-coated fine paper machine Oulu PM6 in northern Finland will be converted to be Europe's largest board machine and all pulpers naturally have to be of mega size to cope with the annual production volume of 750,000 tons of folding boxboard (FBB) and coated kraft back (CKB).

Start-up is planned for the Q3 2025.