Recent Articles

A wide range of UPM Specialty Papers' label papers have been certified as industrially and home compostable, helping brand owners and label converters meet their target of prioritizing materials with a sustainable end of life.

With a solid action plan and ambitious targets to reduce its carbon footprint by 2030.

Company expands line of recyclable mailers to meet needs of e-commerce companies.

RRD's new single-pass digital press installation can reduce time-to-market by 25%, maximize color spectrum, and support sustainability efforts on retail displays, signage and more.

Reported insider trading since the last issue of PaperMoney.

Aki Temmes has been appointed Executive Vice President responsible for UPM Fibres Business Area as of 1 December 2023. He will report to Jussi Pesonen, President and CEO and be based in Helsinki, Finland.

With deep expertise in finance, strategy, accounting, treasury, and risk management, Mr. Nunziata brings more than 20 years of strong leadership experience with a track record for implementing enterprise-wide changes and driving key financial and process improvements in large-scale organizations.

Mikko Antsalo has been appointed Metsä Fibre's Senior Vice President, Sales and Customership, and a member of Metsä Fibre's Management Team as of 1 March 2024.

PotlatchDeltic Corporation announced the appointment of Wayne Wasechek as Vice President, Chief Financial Officer, effective immediately. Wasechek has served as Interim Vice President, Chief Financial Officer and Chief Accounting Officer, since April 19, 2023.

President and CEO Henrik Hjalmarsson has decided to leave Inwido to take on the position of President and CEO in another business.

Sustana, a manufacturer of premium, sustainable recycled fiber and paper products, announces the appointment of Aaron Ling to Director of Sustainability. In this role Aaron will be responsible for driving the implementation of Sustana's ESG initiatives and supporting the development of the group's sustainability strategy.

Antti Koulumies, M.Sc. (Eng.), has been appointed Senior Vice President, Timber and Forest. Koulumies will take the leadership of UPM Forest and continue to lead UPM Timber. The current leader of UPM Forest Sauli Brander, B.Sc. (Eng.), eMBA, has been appointed Vice President, UPM Global Forest Affairs. He will focus on global forest advocacy as well as global forestry themes, such as climate-positive forestry and biodiversity.

These actions would reduce the number of employees by approximately 1,150. The parts of the change negotiations completed so far, will result in a reduction of 710 employees.

The Board of Directors of Norske Skog ASA has appointed Geir Drangsland as the new CEO as of 1 September. Drangsland succeeds Tore Hansesætre, who has decided to leave Norske Skog after more than 14 years in the company.

Metsä Wood and construction company SRV have signed an agreement for the construction of Metsä Wood's new Kerto LVL mill in Äänekoski, Finland. SRV will be the main contractor for the project, which will be carried out as a cooperative project management contract. Preparations for construction will begin immediately.

SCA and Persson Invest began their collaboration around Gällö Timber and the sawmill in Gällö, Jämtland in 2010. Since 2010, significant investments have been made in the sawmill to develop its operations and strengthen its competitiveness. Today, the sawmill has 115 employees and a capacity of 370,000 cubic meters of sawn timber.

ColePak is the second largest supplier of paper partitions in North America and has a compelling future growth path in that unique product niche.

The Board of Directors of Nordic Paper has decided to invest approximately SEK 850 m at the Bäckhammar mill.

Visy Industries unveiled a major AU$42.5 million upgrade to its paper recycling and remanufacturing campus in Coolaroo, Australia.

Following the rockslide and subsequent production stop at Saugbrugs PM6 (paper machine 6) in April this year, Norske Skog has decided to restart production at the previously idled PM5. The restart of PM5 allows Norske Skog to continue supplying SC magazine paper to its customers and keep its market position.

BROSCO is a fifth-generation, family-owned company founded in 1890.

This comes after members of Teamster Local 346 narrowly approved a 3-year labor contract with respect to the mill's 166 hourly employees on August 11. It ended a short notice strike that began July 15 over wages.

Due to current market conditions, the start of the project has been postponed to 2024.

Billerud is introducing a new organization whereby the company harmonizes and operates its business in two distinct geographical regions - Europe and North America. Billerud further appoints Andrei Krés as acting CFO, effective immediately.

In the 18 months since the indefinite curtailment, the majority of employees took voluntary severance, and a small number chose to transfer to another Paper Excellence Canada mill. When fully operating, Catalyst Paper tiskwat employed approximately 200 people.