Recent Articles

Graphic Packaging Holding Company, a leading provider of sustainable fiber-based consumer packaging solutions, has been named to Fortune's World's Most Admired Companies for 2023. Furthermore, Graphic Packaging was ranked number one in its industry sector of Packaging and Containers, reinforcing its continued dedication to providing essential and innovative packaging solutions for consumer brands worldwide.

ANDRITZ will deliver a FibreFlow Drum pulper with a maximum feed capacity of 1,400 t/d, various fiber cleaning equipment, and a spray water treatment system for the production of various board grades.

Stora Enso, a leading global provider of renewable solutions, has contracted ABB to upgrade two of their mills in Sweden to ABB Ability Manufacturing Execution System (MES) for pulp and paper to manage and streamline end-to-end production and improve overall mill efficiency.

Start-up is scheduled for early 2025.

Solenis has completed the acquisition of the stock of the Grand Invest Group on February 6, 2023. As part of the acquisition, Solenis will acquire all Grand Invest Group operating assets, including key strategic production and warehousing facilities.

International technology group ANDRITZ and KCF Technologies, a leading provider of machine health solutions, announced their global collaboration.

The systems will be installed in 2023.

Reported insider trading since the last issue of PaperMoney.

Georgia-Pacific has scheduled the official retirement of its Quanah Acme Gypsum plant for March 1, 2023. In 2020, Georgia-Pacific announced it would be retiring the Acme plant and shifting production to other company facilities. Since then, the plant has been fully operational, producing the company's variety of gypsum products.

The Land and Environment Court in Vänersborg has communicated its decision to grant a permit for increased production output at the Nordic Paper plant in Bäckhammar, Sweden. The new permit allows for Nordic Paper to, after investments, increase its production of paper pulp in Bäckhammar by more than 20% and of kraft papers by more than 10%. The company is now going to analyse the details of the permit in order to determine any impact on potential investment alternatives.

Both Northstar and S3 serve multi-facility manufacturers and distributors across the food, consumer packaged goods, and industrial sectors with a centralized solution to manage and divert industrial waste streams into beneficial reuse applications. Northstar is a portfolio company of Ridgemont Equity Partners, a middle market private equity firm. Financial terms of the transaction were not disclosed.

WestRock union workers have been on the picket line since Oct. 6th.

Holmen plans to invest in increased production and processing of wood products for sustainable construction.

More than 100 workers in Port Alberni are the latest forest industry employees to face layoffs as Western Forest Products confirms it will not restart its sawmill in that Vancouver Island city.

To better reflect its business focus and opportunity, UFP Industrial, LLC, a leading supplier of total packaging solutions, packaging logistics support and OEM components, and a subsidiary of UFP Industries, Inc. (Nasdaq: UFPI), is changing its name to UFP Packaging, LLC. The change is effective February 1, 2023.

The roughly $200 million in state tax dollars earmarked for the Escanaba Mill will supplement a $1.06 billion investment by Swedish parent company Billerud to expand paper product production at the mill. The project would help the mill retain nearly 1,200 jobs at the 2,000-acre site in Wells and Escanaba townships in Delta County.

Start-up is expected in the first half of 2024.

Stora Enso has signed an agreement to divest its paper production site in Hylte, Sweden and all its related assets to Sweden Timber, a Sweden-based sawmill and planing mill company. The enterprise value is approximately EUR 18 million. The completion of the transaction is expected in the first half of 2023. Concerning the Anjala paper site in Finland, Stora Enso has decided to discontinue the divestment process.

Located in Kansas City, this new 150,000 sq. ft. millwork facility is expected to begin production in June 2023.

3M, maker of Post-it notes, industrial coatings and ceramics, is cutting about 2,500 manufacturing jobs worldwide as it looks to align itself with adjusted production volumes.

Ohio-based printing company Multi-Color Corporation announced that it plans to permanently close its Menomonee Falls facility, resulting in layoffs for all 29 employees, according to a letter the company sent to the Department of Workforce Development's Dislocated Worker Unit.

Georgia-Pacific has given an update on a worker who was critically injured in a Thursday morning, Jan. 19, incident at the company's Pineland facility.

Late last month, the company stated it would conduct a holiday shutdown through the month of January, but the work stoppage will now carry over through the entire month of February.

The $50 million in upgrades include restarting the mill's C2 paper machine, which will now produce new water-resistant paper grades that are intended to replace single-use plastic products.

International Paper has announced formal plans to invest approximately $103 million to build and operate two natural gas power boilers to generate steam for its Containerboard Mill in Cedar Rapids, Iowa. Construction is set to begin in the second quarter of this year and be fully operational by the end of 2025.