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The aim is to develop the process to separate lignin from black liquor in pulp production and to further process it for new end-uses.

The companies will collectively establish and contribute a total of $1.185 billion to a settlement fund.

Reported insider trading since the last issue of PaperMoney.

Tatiana Kalman has been elected senior vice president and general manager, Latin America, effective June 1. Kalman joins Sylvamo from BASF, most recently serving as managing director and senior vice president, Business Unit Personal Care Europe.

Trex Company, Inc. announced that Dennis Schemm has resigned as Senior Vice President and Chief Financial Officer (CFO) to accept a position in a southern region state closer to family.

Her appointment increases the number of Interfor directors to 11 and the percentage of women directors to 27%. The Company is well on track to achieve its target of at least 30% women on its Board by its next annual general meeting of shareholders in 2024.

West Fraser Timber Co. Ltd. announced the appointment of Eric L. Butler to its Board of Directors.

Elopak has announced that it will build a new plant in the USA to better serve its customers in the Americas and accelerate growth in the region. The new plant will allow Elopak to build on an already strong track record of organic and profitable growth driven by high customer demand in the region.

The closures come just five months after senior governments contributed $18.8 million to support the Crofton mill and its jobs.

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.