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Streamlines Senior Leadership to Accelerate Business Performance.

The enterprise value of the transaction is approximately EUR 18 million and will result in the reduction of Stora Enso's annual newsprint paper capacity by 245,000 tonnes.

Sofidel, one of the world's leading paper groups for the production of paper for hygienic and domestic use known particularly in Italy and Europe for its Regina brand, is pleased to announce that it has entered into an agreement with Hakle GmbH to acquire Hakle trademark and other brands.

Georgia-Pacific containerboard mill in Monticello is set to receive a $91 million upgrade, making the construction project one of the company's largest investments in the Lawrence County facility.

Tolko says the shift reduction is due to high fibre costs and weak lumber markets.

Sappi Limited announced that the intended sale to Aurelius Group of its Maastricht Mill in the Netherlands, its Stockstadt Mill in Germany and its Kirkniemi Mill in Finland (the "Transaction") has not materialised within the agreed timeframe of the contractual agreement and therefore the agreement has lapsed.

Increasing costs, falling pulp prices and a weaker USD in the long term are the reasons why 24 people have been given notice of redundancy at Rottneros Group's Vallvik mill.

Stora Enso plans to consolidate its book paper production and permanently close one of the two paper machines at Anjala in Finland. The Group will start change negotiations concerning all employees at the integrated Anjalankoski site.

Investigation of a blastomycosis outbreak at the Billerud paper mill in Escanaba is ongoing, and involves local, state and federal health and occupational safety officials.

There has been a change of plans when it comes to a curtailment at Cariboo Pulp & Paper in Quesnel.

Norske Skog Bruck started its containerboard production last week, introducing 210,000 tonnes of competitive testliner and fluting capacity to meet the growing demand for renewable packaging. The production is based 100% on recycled fibre and will use steam from the new waste-to-energy plant, which opened in April 2022.

According to Manager, Communications and Government Relations of Domtar, Tammy Waters, on March 29, 2023, at approximately 4:45 p.m., an incident occurred at the Domtar Hawesville mill when three employees were injured while making repairs in the recovery boiler area.

The transaction was completed for $72 million in cash.

A deal between Pactiv Evergreen and the regional United Steelworkers union is a win of some degree for workers who choose to stay with the company through June 9, when job eliminations are set to begin.

Summit Paper Tube, Inc., a paper tube manufacturer, announced plans to establish its first South Carolina operations in Williamsburg County. The company's $1.68 million investment will create 19 new jobs.

Suzano reached a deal with Kimberly-Clark in October, saying at the time that the main asset included was a tissue production plant located in Sao Paulo state.

Some workers have accepted early retirement packages or have left Canfor Pulp for other jobs.

When firefighters arrived on the scene they found the building filled with smoke and two employees unaccounted for.

Following Russia's war of aggression in Ukraine, UPM announced in March 2022 suspension of its business activities in Russia, including deliveries, wood procurement and the Chudovo plywood mill.

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, more than 150 papermaking innovators and legends have been enshrined. This month, we profile Carl Landegger, who was inducted into the Hall of Fame in 2003.

The PM40 closed Friday, 14 April 2023, at 4993.

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 14 April 2023 up 6.6% from the 14 April 2022 level.

In this issue of Disconnected Comparisons, we evaluate Kimberly-Clark and Rayonier.

These lines feature innovative technology to transform wastepaper into high quality stock while significantly reducing energy consumption.

Andritz has received an order from Winstone Pulp International Ltd. (WPI) to perform a comprehensive twin wire press retrofit at their Karioi pulp mill in New Zealand.