Recent Articles

The Event impacted natural gas supply to the Company's facility in Jesup, Georgia, and has resulted in an estimated $4 million EBITDA impact to the Company. The Company continues to reserve all rights to more fully examine, and potentially contest, the validity of the financial penalty it has been assessed.

The fire had been discovered by mill employees, who activated the fire suppression system for the machinery.

Despite efforts to rescue him, a worker died in a hopper accident at a Newark gypsum plant and distribution center Tuesday, Dec. 27 according to the Alameda County Fire Department.

Tolko says the curtailment affects the Armstrong and Soda Creek lumber operations, and that the downtime will be evaluated at the end of January to determine the next steps.

The transaction remains on course to close in the first half of 2023, subject to the satisfaction or waiver of the other conditions to the closing of the merger.

An electrical fire knocked the power out to the Tolko Industries sawmill in Armstrong after the site's electricity substation went up in flames early Dec. 28.

Rayonier Advanced Materials Inc. announced that its facility at Jesup, Georgia has been impacted by a force majeure declared by its natural gas provider, Southern Natural Gas Company, L.L.C., due to an unscheduled outage of the Elba Express Pipeline's Hartwell Compressor Station (the "SNG Force Majeure Event", or "Event").

What is being described as a "perfect storm of events" has resulted in the unexpected shutdown of International Paper Company's Georgetown mill - and the Christmas weekend freeze is to blame.

UPM is finalizing the construction works of the new pulp mill in Uruguay and enters the final phases of the project. The start-up of the UPM Paso de los Toros pulp mill is expected by the end of the Q1 2023.

Marcal Paper, a leading manufacturer of recycled and eco-friendly bath, towel, and tissue products, announced today that it has acquired von Drehle Corporation, a premier provider of quality towel and tissue products for the away-from-home market. Von Drehle Corporation will operate as a division of Marcal Paper.

This follows Wynnchurch's investment in Nekoosa Coated Products, LLC ("Nekoosa") in November 2022.

Recycled paper producer Saica Group has reached an agreement to acquire the majority of shares (76%) of Fox Recykling, a waste management company in Poland. Thanks to this acquisition, Saica strengthens its growth strategy in Eastern Europe and expands the footprint of one of its business divisions: Saica Natur.

SCA has acquired its first wind farm with the purchase of 36 wind turbines in Markbygden in Piteå municipality, northern Sweden. The park is acquired from the German company Enercon.

Billerud, who took over the mill last year, plans to transform the mill, which has struggled with years of declining profits, into a state-of-the-art, high-end packaging manufacturer. Billerud's Vice President of Technical Services, Michael Glodowski sees their new product line as a way to maintain profitability for decades to come.

The Russian authorities have not approved the sale of Mondi's Syktyvkar mill in the Komi Republic, Russia. Possible reason is too high transaction price.

Canfor Pulp Products Inc. is announcing the immediate curtailment of its Intercontinental Pulp Mill, which is expected to be in place for four weeks. The curtailment is due to the lack of available economic fibre as a result of sawmill curtailments. The downtime will remove approximately 24,000 tonnes of market kraft pulp.

The selling price amounts to approx. Euro 134 million.

Over 450 Unifor members in Dryden have voted overwhelmingly in favor of three new contracts with Domtar.

The cash and debt free consideration value is €370 million.

Enviva Inc. announced the signing of a new 10-year take-or-pay off-take fuel supply contract with an existing European customer, extendable for up to five years. Enviva expects to supply 800,000 metric tons of industrial-grade wood pellets per year, with deliveries expected to commence during 2027, subject to certain conditions precedent.

Workers at Port Hawkesbury Paper have signed their first agreement in 10 years, making long-overdue gains for members of Local 972.

Over 200 Unifor Local 5025 members voted strongly in favor of a new deal with Resolute Forest Product's Thunder Bay Sawmill that will see the current collective agreement re-opened and extended by 4 years to September 8th, 2028. The new extension will include key language improvements, an additional 24% average pay raise and achieve all provisions of Unifor's Eastern Canada Pulp and Paper Pattern established back in May.

We are starting off 2023 with some doubts.

The PM40 closed Friday, 30 December 2022, at 5116.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 30 December 2022 up 8.3% from the 31 December 2021 level.