Recent Articles

Mercer International Inc. reported that it has signed its first major mass timber project contract with a large consumer products retailer. The project, which is comprised of cross-laminated timber panels, glue-laminated beams and connector elements, is expected to utilize four months of capacity at Mercer's Spokane facility on a one-shift basis over the course of 2023.

Stora Enso has completed the divestment of its Maxau paper production site in Germany, and all related assets to Schwarz Produktion, part of Schwarz Group. The divestment announced on 13 September 2022 was completed today after regulatory approvals. The enterprise value of the transaction is approximately EUR 210 million.

Nitto Danboru is a corrugated packaging manufacturer established in 1966. Based in Okegawa-shi, Saitama Prefecture, Japan, it has built a strong customer base focusing on the area.

The construction work on the new warehouse is expected to start at the end of 2023, to be put into operation in the summer of 2025.

The Paper Excellence Group, through its wholly-owned subsidiary Domtar Corporation, on April 1 announced the successful closing of its previously announced acquisition of Resolute Forest Products Inc.

First Quality has made clear to Domtar its commitment to the Dryden Mill, its employees and the surrounding community and that First Quality fully intends to continue business operations consistent with past practices.

Smurfit Kappa is investing €27 million in a state-of-the-art new waste management and recovery facility at its Nervión paper mill in Iurreta, Spain. The investment will see the mill adopt a fully circular production process involving the biggest landfill reduction project Smurfit Kappa has undertaken to date to support the delivery of its 2025 sustainability commitments.

The union representing more than 200 workers facing unemployment after Canfor announced its plan to permanently shut down the pulp line at Prince George Pulp Mill still doesn't know how many positions will be lost.

Mercer has promoted its Vice President, Controller, Richard Short to succeed Mr. Ure as Chief Financial Officer and Secretary.

A person suffered multiple non-life-threatening injuries Thursday morning when falling through a roof covering a machine inside the Sappi Fine Paper mill in Skowhegan, officials said.

The facility, which is in Ashland, Virginia, will produce lightweight, 100-percent-recycled linerboard and medium and initially was projected to cost around $380 million. The company now reports the total cost of the project at around $515 million to $525 million, with $396 million invested in the project to date (2018-2022).

R.R. Donnelley & Sons Company ("RRD"), a global provider of marketing, packaging, print and supply chain solutions, announced that it has entered into a share purchase agreement with DATA Communications Management Corp., a provider of marketing and business communication solutions. Under the terms of the Purchase Agreement DCM will acquire RRD's Canadian operations.

The mill employs about 230 people and is the town's biggest private employer. The owners, Pixelle Specialty Solutions of Pennsylvania, had announced in September 2022 that the mill would close, citing economic forces that made operations unsustainable. In November, the date of the closure was set at April 30.

Södra has decided to investigate the conditions for a new large-scale sawmill in Kinda in Östergötland. A preliminary project will be undertaken and serve as a basis for a future investment decision.

Conifex Timber Inc. will be temporarily curtailing its Mackenzie, British Columbia (BC) sawmill commencing February 21, 2023 for up to two weeks. Unsustainable inventory levels due to rail transportation challenges impacting the interior BC region have necessitated this step.

The upgrades include a new corrugator, converter, single facer, preheater, glue machine, and control systems as well as an upgrade to the existing single facer and unitizer.

Stora Enso will invest approximately Euro 30 million in its Heinola Fluting site in Finland to renew the energy set-up and process equipment. After the investment, the site can replace also the remaining fossil-based fuels with renewable bioenergy. This will reduce the site's greenhouse gas emissions with more than 90%.

The impending Merced, California, plant closure and subsequent capacity reduction is a reflection of the overall market decline in the retail advertising insert and publication printing markets.

HTP employs more than 130 people and is today one of the largest importers and distributors of foodservice packaging in Australia serving a wide network of customers including metropolitan and regional packaging wholesalers, food wholesalers, club and hospitality suppliers, and national quick service restaurant businesses.

Local United Steel Worker unions have voted down another contract with Graphic Packaging International and have given a 10-day notice to strike.

LSC Communications-MCL announced that it has reorganized operations to strengthen its ability to serve the rapidly changing needs of its customers. The magazine and catalog printing unit will now go to market as three brands: ENRU™Logistics and Postal Optimization, KODI Collective™ Marketing Execution Services, and LSC™ Print Solutions.

You stink and I'm sick and buy stuff...

I talked about ESG (Environmental, Social, Governance) issues last month using the example of the oil industry and the results they have had with various strategies. I wanted to come back to this again this month with another set of considerations.

The PM40 closed Friday, 3 March 2023, at 5382.

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Study of games being used to advance AI research and train computers