Recent Articles

On April 12, 2023, a Nebraska jury rendered a unanimous verdict against Wright Printing Company, its owner, Mark Wright, and CEO Mardra Sikora for a total of $5 million in actual and punitive damages. The lawsuit was filed by Crabar/GBF, Inc., a subsidiary of Ennis, Inc., which purchased Wright Printing Company's Folder Express and Progress Publications folder businesses for $15 million in 2013.

Made by Bagcraft, the revolutionary new packaging keeps food tasting fresh as it's wrapped, frozen, reheated and held under heat at the point of sale.

Reported insider trading since the last issue of PaperMoney.

There are several innovative projects under way for energy reduction and renewable energy in the pulp and paper industry.

Rayonier Advanced Materials Inc. is pleased to announce that Michael Osborne joined the company on April 10, 2023, as Vice President, Manufacturing replacing Bill Manzer, who has announced his plans to retire. Michael is a thirty-plus-year manufacturing veteran, most recently holding the position of Vice President, Global Manufacturing for Kraton Pine Chemicals.

Henrik Ehrnrooth was elected as Chair, and Kim Wahl as Deputy Chair of the Board of Directors of UPM-Kymmene Corporation at the Board of Directors' constitutive meeting that took place today following the Annual General Meeting.

Interfor Corporation provided an update on its ongoing director succession process. The Company has updated its diversity target for its board of directors ("Board") and commits that at least 30% of its Board members will be women by its next annual general meeting of shareholders ("AGM") in 2024.

To preserve the health of professionals and the community, Klabin has in place protocols such as submission of proof of the COVID-19 booster shot, regular cleaning and a cafeteria dedicated to workers in the maintenance shutdown, as well as inspection, by Klabin and contractors, of the locations where employees will stay.

Transactions Allow Iconex to Serve Liner-Free Customers with Best-in-Class, High-Performance Products.

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.