Recent Articles

Visy has unveiled a major $48 million upgrade to its recycling and remanufacturing facility on Gibson Island in Brisbane.

Action taken as part of Company's Turnaround Strategy to Divest Unprofitable Non-Core Assets.

Mercer to acquire substantially all of Structurlam's assets, including its state-of-the-art mass timber facility in Conway, Arkansas, cementing Mercer's position as a leading mass timber provider in North America.

In light of what happened, Mativ suspended operations at the Whiting facility for one week.

Connecticut-based Atlas Holdings to close deal with Resolute on mill later this year.

Shortly after buying the facility in 2018, ND Paper announced it would invest $189 million in the Biron mill. The company pointed to growth in packaging and e-commerce, as well as consumer demand for more sustainable products, for the changes it has made.

UPM Fibres prepares to temporary layoff personnel of the Kaukas pulp mill, sawmill and wood reception for a fixed term period. The possible temporary layoffs could take place in several periods and would last a maximum of 90 days. The total number of employees covered by the employee consultations is approximately 370.

Stylecraft is a trade only printer since 1967 specializing in business forms, integrated products and commercial printing.

After over a century of service providing the town with thousands of jobs, the Canton paper mill sounded its final bell May 24, signaling the permanent closure of the iconic site.

Conifex Timber Inc. announced that it has made the difficult decision to take unscheduled downtime for four weeks at its Mackenzie, British Columbia sawmill commencing June 5, 2023. It is anticipated that the unscheduled downtime will impact production capacity by approximately 16 million board feet.

Mitch Butier has decided to retire as CEO, effective September 1; will remain as Executive Chairman Deon Stander appointed President and Chief Executive Officer.

Firefighters brought the fire under control within 20 minutes, according to radio traffic.

An employee at International Paper's Pine Hill mill died in an accident Thursday, May 11.

Ortviken's new factory facility was inaugurated on 16 May 2023 with a ceremonial speech by Berit Högman, Governor of Västernorrland County, and a "ribbon cutting" by timber sports profile Ferry Svan. This means that the journey towards the production of 300,000 tonnes of climate-smart CTMP pulp has formally begun.

A four-alarm fire broke out at a paper recycling facility in Fitchburg Tuesday afternoon, May 16, amid a red flag warning for critical fire conditions across Massachusetts, officials said.

A news release says the project, located at the company's existing 50-year-old Hawesville mill, will upgrade the current pulper with a modern pulper to gain additional machine capabilities and better service growing markets. Officials say leaders at Domtar plan to have the expansion fully operational by the end of 2025.

Transaction Represents 64th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products.

The negotiations involve a total of 1,100 employees at the Joutseno, Kaskinen, Kemi, Kyro, Tampere, Simpele and Äänekoski mills.

Approximately 50 employees will be impacted and the potential for approximately 10 million board feet of lumber will be removed from production.

Norske Skog Bruck announces successful commercial orders of the containerboard grades Testliner 3 and Fluting. This represents the introduction of 210,000 tonnes of competitive containerboard capacity to meet the growing demand for renewable and re-usable packaging.

Visy had acquired Zenexus, a privately owned supplier and distributor of moving and storage boxes, major brand hardware and retail products. It is one of the largest suppliers to Bunnings (Australia and New Zealand) and the deal will mean additional annual revenues of $170 million for Visy.

Korkiatupa has worked at Metsä Forest in various finance and control positions since 2008.

While there are reports of downtime and diminished warehouse stocks, this past month has recorded the most Capital Spending, by project size and number of projects, than Paperitalo Publications has recorded in its history. Financing costs are high, and demand is down in some key grades. These short-term issues usually drive capital decisions. At least they have for the last fifty plus years. Speculation on the reasons for this anomaly...

The PM40 closed Friday, 2 June 2023, at 4797.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

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