Recent Articles

Reported insider trading since the last issue of PaperMoney.

Thomas Meth to continue as President & CEO and Ralph Alexander will transition to Lead Independent Director

Stora Enso has appointed Micaela Thorström as EVP, Legal and General Counsel and a member of the Group Leadership Team. She will start in her new role in April 2023.

With the company entering its next growth phase as the first manufacturer solely dedicated to decor paper, Manfred will succeed current CEO Tomas Wulkan, who has led Munksjö since 2018, first as a division of Ahlstrom-Munksjo and most recently as an independent company.

Roseburg announces that Lorraine Russ has joined the company's Commercial Team as Director of Structural and Specialty Panels. In this newly created role, she will lead the company's commercial efforts for softwood and hardwood plywood.

Major milestone in the transformative growth investment in Uruguay.

Ox Industries is increasing efficiency and production capacity with a $5 million investment in new high-speed converting lines across multiple facilities.

Hundreds of mill workers have now received official lay-off notices in the mail from Pactiv Evergreen, but the letters offered little clarity into the shut-down plan, which remains shrouded in mystery even for mill managers.

ND Paper, which is owned by Nine Dragons Paper Limited paper manufacturing company in China, is "taking extended downtime," at the mill, spokesperson Jay Capron said Tuesday afternoon. He cited the rising cost of fiber, along with energy costs and market conditions as reasons.

The changes take effect starting in April.

Enviva Inc., the world's leading wood pellet producer, reported that all of its associates are safe and accounted for following a strong tornado that touched down in Amory, Mississippi, on March 24, 2023. The storm did, however, damage the company's 115,000 metric ton per year wood pellet production facility, although Enviva's larger plants and ports in the region were not impacted. Enviva's Amory facility insurance covers property damage, inclusive of business interruption and casualty.

Sonae Arauco is investing more than Euro 100 million in its Meppen industrial unit, in Germany. A new production line for wood fibre insulation materials is to be built here, which from 2025 will expand the portfolio to include flex insulation, pressure-resistant wood fibre insulation boards, and blow-in insulation.

Government of Russia approved the sale of International Paper's 50% stake in the Russian Ilim Group to the Swiss holding company Ilim SA (a joint venture that owns more than 96.37% of the shares of OAO Ilim Group), Ilim Group said in a statement.

The fate of Stoneywood paper mill remains unclear, with no new updates on potential talks of a new bidder for the site and the deadline for offers ending on February 21.

The world's largest machine for the production of kraftliner has entered service in Obbola plant in Västerbotten, Sweden. This major project has been completed ahead of schedule and within budget, significantly increasing opportunities to produce packaging materials that replace plastic.

The terminal consolidates Klabin's logistics strategy in the State of Paraná.

Clayco, a full-service, turnkey real estate, architecture, engineering, design-build and construction firm, celebrated the groundbreaking of WestRock's new 410,000-square-foot corrugated box plant in Longview, Washington. Located just outside of the Vancouver, Washington metropolitan area, this marks the first collaboration between Clayco and WestRock.

Smurfit Kappa Group plc announces that it has completed its exit from the Russian market. The Group announced its intention to exit the Russian market in an orderly manner on 1 April 2022 and subsequently entered into an agreement to sell its Russian operations to local management.

UPM plans to adapt its uncoated publication paper capacity to a long-term profitable customer demand. The capacity reductions are planned to take place in Germany and Austria.

The company told state officials the closing will begin May 14, and should complete within two weeks.

Gov. Roy Cooper urged the operators of a large western North Carolina paper mill set to shutter to find a way to keep it running, saying a closure would have a "devastating effect" on the region and its people.

An employee of International Paper is hospitalized after getting trapped inside machinery while operating it Sunday evening, according to the Rochester Police Department.

Blastomycosis is a disease associated with a fungus that grows in moist and decomposing matter, such as wood and leaves. People can get blastomycosis infection by breathing in fungal spores from the air. It does not spread from person to person or between animals and people.

Clearwater Paper Corporation announced the planned departure of Michael Murphy as senior vice president and chief financial officer. Mr. Murphy will continue to serve as the chief financial officer and assist the company in the transition through the second quarter of this year.

Twin Rivers Paper Company, a leading producer of specialty and kraft paper products, announced that it has finalized the sale of Plaster Rock Lumber Corporation, its softwood lumber mill in Plaster Rock, New Brunswick, to eastern Canadian lumber manufacturer and North American forest products leader Groupe Lebel. The sale advances Twin Rivers' strategy of investing in and growing its core business of specialty and kraft paper production.