Recent Articles

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.

The strategic review includes exploring different options and may result in divestments, although no such decisions have yet been taken.

The investment is planned to be operational in 2024.

Packaging and speciality paper manufacturer Sappi Europe has invested a double-digit million euro sum in a new plant to produce innovative high-barrier papers - including an all-new type of barrier coating machine. Recently put into operation at the company's Alfeld site in Germany, the in-house solution will produce high-barrier papers for recyclable packaging for food and non-food applications.

Mercer Peace River (MPR) announces the completion of the Fibre Procurement Project. This milestone was celebrated with a ribbon cutting in front of the newly revitalized woodroom at the MPR site with dignitaries in attendance.

The MM Group (MM) has approved a comprehensive investment project to increase the long-term competitiveness of its largest board and paper mill, MM Kwidzyn in Poland. Energy and CO2 cost reduction, pulp integration and entry into the market for sack kraft papers are to set the mill up for sustainable future success.

Holmen is investing SEK 450 million ($43.9 million) in rebuilding a paper machine at Braviken Paper Mill in Sweden.

Saugbrugs PM6 has a capacity of 260,000 tonnes SC magazine paper. Operations at Saugbrugs PM4 continue, the machine has a capacity of 100,000 tonnes SC magazine paper. The production and financial impact is currently uncertain.

Resolute Forest Products Inc. held a ceremony to inaugurate its new commercial-scale plant for the production of cellulose filaments at its Kénogami paper mill in Saguenay, Quebec.

LP Building Solutions (LP) and Forex Inc. have entered into a definitive agreement under which LP will acquire the assets owned by Wawa OSB Inc., a subsidiary of Forex Inc.

Rajeski's Expanded Role Includes Responsibility for Overseeing all Aspects of the Business.

A fire of unknown origin broke out at the Soundview Paper Co. in downtown Putney on Friday afternoon, drawing dozens of firefighters from area departments to fight the blaze on a hot afternoon.

A contract worker at a northern Michigan paper mill has died from a fungal infection that has forced the business to temporarily close for deep cleaning.

As part of a planned $108 million project, Georgia-Pacific has given the green light on $50 million in upgrades to boost paper towel output at the company's Port Hudson paper mill in Zachary, company officials said Monday.

The project includes the new construction of a 4,000 m2 planing house adjacent to a sawmill.

Employees at the Sappi paper mill in Cloquet are returning to work after being forced to evacuate Friday, April 14 as a precautionary measure due to rising water levels along the St. Louis River.

Roseburg Forest Products announced Friday (April 14) that it planned to invest $700 million over the next four years to upgrade and expand its manufacturing operations in Southern Oregon, where the company was founded nearly 90 years ago.