Recent Articles

Valmet will supply a coated board making line with automation and Industrial Internet solutions as well as spare parts and consumables packages to one of its customers in the Asia-Pacific region. The board making line with high productivity will produce folding coated board grades of premium quality.

Valmet will supply the Cheng Loong Binh Duong Paper Company with key process technology for its new containerboard machine 23 (BM 23) at the company's Ben Cat mill in Binh Duong Province in Vietnam. Valmet's delivery includes approach flow systems, headboxes, a press section, a sizer, process air systems, a winder, automation systems and Industrial Internet solutions.

BID Group announces a new partnership with ArbaBlox Inc. to build its first state-of-the-art turnkey composite pallet block plant in Winona, Mississippi.

Moelven is investing in five continuous kilns and the Valmatics 4.0 control system to its three sawmills in Scandinavia. It's the most extensive single order the Moelven Group has ever placed with Valutec.

Stora Enso announced that it has developed a recyclable and fiber-based wood foam called Fibrease as a replacement for polymer based foams in packaging.

Reported insider trading since the last issue of PaperMoney.

Metsä Board starts pre-engineering for a new folding boxboard mill in Kaskinen, Finland. Metsä Board announced in May 2022 that it explores possibilities to increase folding boxboard capacity in Finland or Sweden in order to support its customers' growth and to strengthen its service capability.

The combination brings together two high quality timberland REITs resulting in PotlatchDeltic owning nearly 2.2 million acres of diversified timberlands, including 626,000 acres in Idaho and over 1.5 million acres in strengthening markets in the U.S. South

Sylvamo, the world's paper company, is announcing it agreed to acquire Stora Enso's uncoated freesheet paper mill in Nymolla, Sweden, for 150 million euros (approximately $150 million) expected to be funded in cash, subject to customary purchase price adjustments. The agreement includes the mill, the strong brands it produces and the people who make it happen.

To strengthen its competitiveness and increase efficiency, Essity is announcing the following changes to its organizational structure and Executive Management Team, valid as of December 31, 2022.

CatchMark Timber Trust, Inc. announced that, at the special meeting of stockholders (the "Special Meeting") held this month, its stockholders approved the merger of CatchMark with and into a wholly owned subsidiary of PotlatchDeltic Corporation, pursuant to the terms of the Agreement and Plan of Merger, dated as of May 29, 2022.

Weyerhaeuser Company announced that as of this morning a work stoppage involving members of the International Association of Machinists and Aerospace Workers union is impacting its operations in Oregon and Washington. Weyerhaeuser has approximately 1,200 employees who are members of IAM, including employees in the company's Wood Products and Timberlands organizations.

Resolute Forest Products Inc. breaks ground on construction of new planer mill adjacent to Senneterre sawmill in Quebec, Canada. The planer, expected to be functional by the end of this year, will optimize fiber supply, enhance overall efficiency of the sawmill and reduce production costs for Abitibi regional operations.

Mativ Holdings, Inc., a global leader in specialty materials, today announced the planned relocation of its corporate headquarters to a new location in Alpharetta, Georgia. Mativ is a ~$3 billion manufacturer of critical components and engineered solutions, the result of the successfully completed merger between Neenah, Inc. and Schweitzer-Mauduit International, Inc.. The move will enable the company to further enhance its employee experience, innovation and customer support.

Stora Enso said it would sell its Maxau paper production site in Germany to Schwarz Group, the owner of discount supermarket chains Lidl GB and Kaufland.

Action Wood Solutions, established to purchase the business assets of Action Wood Technologies, Inc. in Michigan, has entered into an asset purchase agreement with the owners of Action Wood Technologies, Inc. The closing of this transaction will be dependent on the Committee on Foreign Investment in the United States (CFIUS) accepting the transaction.

The Stevens Point Fire Department assisted with the clean-up after an incident Wednesday morning, Sept. 7, at Pixelle Specialty Solutions.

Paper Excellence says it's temporarily laying off around 95 employees at its Crofton pulp and paper mill starting Saturday to coincide with scheduled annual maintenance.

Stora Enso Oyj said it has acquired Dutch corrugated packaging producer De Jong Packaging Group in a deal worth around 1.02 billion euros ($1.02 billion).

One year after the start of activities for the first paper machine (PM) of the Puma II Project - the biggest investment in Klabin's history, which includes the construction of two paper machines with integrated pulp production -, the MP27 surpassed the mark of 330 thousand tons of Eukaliner® and Eukaliner White® produced and sold to the domestic and foreign markets, reinforcing the Company's vocation for the development of sustainable and innovative solutions in paper and paper packaging in Brazil.

Huhtamaki has sold its operations in Russia to Espetina Ltd. Espetina is a holding company owned by Alexander Govor and Iury Kushnerov. The transaction includes four manufacturing units in Russia, employing 724 people. The Siberian businessman Alexander Govor recently bought the McDonald's former restaurants in Russia.

Western Forest Products Inc. announced its wholly owned subsidiary, WFP Engineered Products LLC, has completed the acquisition of certain assets of Calvert Company, Inc. located in Washington State.

UPM Raflatac has completed the acquisition of AMC AG (Advanced Methods of Coating). The acquisition announced in May 2022 was closed on 15 September 2022 after regulatory clearances.

Corrugated Case Holdings Limited has an operating subsidiary, The Corrugated Case Company Limited, which has a factory in central England (Chesterfield) where it conducts manufacturing and sales of high-value-added corrugated boxes.

DS Smith Plc announces that Adrian Marsh has informed the Company of his intention to retire from the Board and from his role as Group Finance Director once a successor is in place.