Recent Articles

Huhtamaki and Stora Enso have joined forces to launch a new paper cup recycling initiative, The Cup Collective.

The Offer will expire at 11:59 p.m., New York City time, on October 7, 2022 unless extended.

Hygiene and health company Essity is being affected by additional cost increases. Prices for electricity and gas have risen sharply in Europe since July 2022. Costs for the company's raw materials have also risen significantly in the third quarter. Essity is therefore announcing new comprehensive price increases for all product categories and markets.

WestRock Company announced an expansion of its CanCollar® family of multipack solutions with the introduction of CanCollar® X, a fiber-based solution for sustainable large format canned beverage packaging enabling as much as fifty percent material reduction compared to fully-enclosed traditional packaging.

Sonoco ThermoSafe, a unit of Sonoco one of the largest global providers of temperature assurance packaging, and American Airlines Cargo, a trusted airline partner in transporting high-value, time and temperature sensitive shipments, are pleased to announce a global partnership lease agreement for the new Pegasus ULD® passive temperature-controlled bulk shipping container.

Kemira is implementing a 4% energy surcharge for all Pulp and Paper process and functional chemistries across North America for all non-contract customers, effective October 1, 2022. The surcharge announced in April for inorganic coagulants sold through Kemira's Industry & Water segment remains in effect.

International technology group Andritz has acquired J. Parpala Oy, a major player in the maintenance and repair of environmental equipment for industrial production and power generation plants in Finland. The company was founded in 2011 and operates sites in Kokkola and Kaskinen.

Valmet will supply pulp technology equipment for a new pulp stream of unbleached kraft pulp to Zellstoff Pöls AG, Austria. The company is a part of the Heinzel group. The delivery is planned for June 2023. The value of the order will not be disclosed.

Imerys has entered into exclusive negotiations with Syntagma Capital for the potential sale of most of its assets producing kaolin, ground calcium carbonate ("GCC"), precipitated calcium carbonate ("PCC") and talc, which primarily serve the paper markets for an enterprise value of €390 million including an earn out depending on the future performance of the business.

The world's first autonomously operated logyard cranes have been successfully lifted up at Metsä Fibre's bioproduct mill in Kemi, Finland.

DrekiTek Software Solutions Ltd. is a new software development company, located in the Comox Valley on Vancouver Island, British Columbia, Canada.

Sami Riekkola has been appointed Business Line President, Pulp and Energy, at Valmet as of October 1, 2022. Sami Riekkola currently holds the position of Business Line President, Automation Systems, at Valmet. In his new position, he will continue as a member of Valmet's Executive Team reporting to President and CEO Pasi Laine.

Turkish cardboard manufacturer KMK Paper selected Toscotec for the complete rebuild of PM1 at its Kahramanmaraş paper mill in Turkey. Scheduled for the 1Q 2023, the project will increase the machine's production capacity and significantly improve paper quality. PM1 produces packaging paper grades, including fluting, testliner, kraft paper, and gypsum board.

Kemira will increase prices for all product lines in both of its segments in EMEA region effective immediately.

Reported insider trading since the last issue of PaperMoney.

Ponderay Industries, LLC plans for a restart of its paper mill located in Usk, Washington and has announced it is in advanced negotiations with key industry partners. Idled since bankruptcy in 2020, the paper mill has been meticulously maintained and preserved by a team of former mill employees.

Canfor Corporation is announcing reduced operating schedules effective September 12, 2022 at its Swedish facilities due to a decrease in market demand. The reduced operating schedules will result in a 15% decrease in production capacity and are anticipated to be in effect through the fourth quarter.

With a major investment of EUR 40 million in a now operational production asset, Ahlstrom-Munksjö cements its market position, upgrading its production platform in its well-established Beverage & Casing business.

Gov. John Bel Edwards announced the start of construction Wednesday on a $97 million project to expand and modernize the WestRock Company paper mill, a major employer and driver of economic activity in Jackson Parish since it began operations in 1928.

The recent start of operations at European textile giant Lenzing's recent opening of the world's largest production plant for the eco-friendly fiber lyocell exemplifies Thailand's status as a hub for green and sustainable investments, according to an article published on the Thailand Board of Investment (BOI) website.

International Trade Minister Mary Ng says Canada is formally initiating a challenge of "unwarranted and unfair" U.S. duties on Canadian softwood lumber.

The decided production stop at Nordic Paper plant in Greåker, Norway, is planned for three days and is estimated to have marginal financial impact on the results of the Company in the third quarter. The production stop is due to the currently very high daily prices for electricity in Norway.

Georgia-Pacific is making a significant investment of more than $20 million at its plant in Lebanon, Tennessee. Its existing corrugator will be replaced with a new one to provide the plant with more throughput and provide customers with a better-quality product.

Four people were injured, including one critically, from steam released from a valve at a Roanoke Rapids paper mill.

Aaron Hobart died in an industrial accident at the Ahlstrom-Munksjo Thilmany mill last Tuesday. The nature of the incident in the plant has not been released yet.