Recent Articles

Destocking in the various product value chains has continued to hold back delivery volumes in most UPM's businesses, resulting in slower recovery of volumes than earlier expected. In addition, chemical pulp prices have fallen faster than expected, towards estimated bottom-of-the-cycle price levels. Finally, as indicated earlier, UPM has high maintenance activity during Q2 2023.

Suzano SA, the biggest producer of hardwood pulp, is considering selling its products to China priced in yuan, adding to signs that the dollar is losing its dominance in commodity markets.

Valmet has been chosen as the second most attractive employer by engineering students in Finland. The ranking was published in Universum's annual Talent Research, which is the biggest employer survey in Finland.

Valmet will supply a rebuild for ITC Limited's board machine PM 1A at their Bhadrachalam mill in Telangana, India. The start-up is scheduled for the second quarter 2024.

KSH is a Canadian consulting, engineering, and project delivery services company with extensive experience in capital intensive industries such as the pulp & paper, chemicals and biorefining, as well as in energy, water and environment sectors. KSH provides services globally from its units in Canada.

Valmet has decided to further strengthen its press felt production capabilities in Tampere, Finland, by investing in a new weaving machine and a new heat-setting machine in addition to the ongoing press felt investment announced in August 2022.

A federal court in California dismissed a seven-year lawsuit brought by Resolute Forest Products against a number of Greenpeace staff members and entities, including Greenpeace International and Greenpeace USA. The Canadian logging company sued the Greenpeace defendants for CA $100 million in an attempt to silence and bankrupt them, after criticism of its unsustainable forestry practices.

The plaintiffs were granted a temporary restraining order against Great Lakes Tissue, which stopped them from moving, using, hiding or damaging more than 60 pieces of leased equipment that were critical in the facility's work.

International Paper announced progress on its Vision 2030 sustainability targets.

Fighting Fires Together campaign provides expert resources and support to those on the front lines of wildfires.

Sappi's Volume 7 of The Standard explores the growing importance of haptics and sensory packaging in heightening brand experience and driving sales.

New corporate brand and logo set the next stage in reinventing the company to shape the future of packaging.

The framework is based on Stora Enso's sustainability agenda and goals, driving the transformation towards a circular bioeconomy. The combined Green and Sustainability-Linked Financing Framework allows Stora Enso to issue both green and sustainability-linked financing instruments, as well as a combination of the two.

Plans to investigate Paper Excellence's ownership structure and business ties now face delays at the federal and provincial level.

Ahlstrom ECO™, a new range of renewable and sustainable filtration solutions for automotive applications, was selected as the New Product of the Year by the America Filtration Society (AFS) on May 2, 2023. The Product of the Year award is given to a company introducing the most significant new product in the previous year.

Clearwater Paper Corporation announced that the Science Based Target initiative (SBTi) has validated the company's climate targets. These targets include reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 29.1 percent and absolute Scope 3 GHG emissions by 25 percent by 2030.

Amcor, a global leader in developing and producing responsible packaging solutions, announced it has launched an Amcor Lift-Off session dedicated to Michigan State University (MSU) with the support of the MSU Research Foundation and its network. The program offers an opportunity for early-stage start-ups from MSU and its wider network to win up to $250,000 in seed funding.

In a recent supplier award ceremony, Ahlstrom was recognized specifically for their packaging contributions to the Taco Bell® brand.

Despite the challenging macroeconomic environment in 2022, marked by inflationary pressure and high interest rates, Suzano achieved solid financial results and made important progress regarding its strategic agenda, increasing its ability to generate and share value with stakeholders.

Reported insider trading since the last issue of PaperMoney.

Kristina Enander, President of SCA's Pulp business area, will assume the role of Senior Vice President Strategic Development on May 1, 2023.

Sappi North America is pleased to announce that Bakul Wadgaonkar has joined our team as Director of Sustainability. Bakul comes to Sappi with many years of experience in environmental health and safety, sustainability, manufacturing and quality management at Apple, Bose Corporation and DSM Coating Resins.

Cascades will work closely with its 300 affected employees to mitigate the impact of this announcement.

UPM Plywood is planning to restructure its organization and scale its operations to meet the reduced production capacity and the deteriorating market situation. The company will begin employee negotiations involving 262 salaried employees in the staff and global functions, in the sales offices and in the Finnish mills.

Structurlam Mass Timber Corporation, the leading mass timber manufacturer in North America, announced it has entered into a stalking horse asset purchase agreement (the "APA") with Mercer International Inc. to sell substantially all the Company's assets in British Columbia and Arkansas for US$60 million.