Recent Articles

Stora Enso has initiated a sales process for a possible divestment of its consumer board production site in Beihai, China.

Greif, Inc., a global leader in industrial packaging products and services, announced that it has completed its previously announced acquisition of Lee Container Corporation, Inc.

A new recycled paper mill will be established in Khalifa Economic Zones Abu Dhabi (KEZAD) in a move to support the UAE circular economy.

Mondi said there was no certainty as to when the deal would be completed given the political and regulatory backdrop.

Boise Cascade's Building Materials Distribution (BMD) division announced the expansion of its distribution capacity in two markets.

Sylvamo, known as the world's paper company, showed off its new worldwide headquarters in East Memphis on Wednesday.

Sappi Europe's Gratkorn mill in Austria is Europe's leading producer of coated woodfree paper on two paper machines, supporting Sappi Europe's market leadership and in particular its core Commercial Print business. The mill has benefited from a regular investment programme, including in recent years the upgrade of the PM9 in 2019.

Billerud, a Swedish paper and pulp manufacturer, is eyeing the Escanaba Mill to upgrade from producing paper to making an advanced paper product known as paperboard or cartonboard.

Felix Schoeller Group plans to invest more than $100 million in expanding its capacity in North America by 2025. Starting in 2023, capacities at the company's sites in the USA and Canada will be significantly expanded in three steps.

A firefighter was transported to Jefferson Healthcare for exhaustion-related symptoms from fighting a fire Tuesday morning, Dec. 13, at the Port Townsend Paper Mill.

Helen Mets is appointed President and CEO of Ahlstrom, effective January 1, 2023. With the company entering the next phase of growth and transformation, Helen will succeed current President and CEO Hans Sohlström, who has contributed greatly to Ahlstrom's success since 2016. Hans will leave Ahlstrom at the end of December to pursue new opportunities outside the company.

Stora Enso is investing Euro 38 million in unbleached kraft pulp (UKP) production at its Enocell site in Finland and Euro 42 million in fluff pulp production improvement at its Skutskär site in Sweden. These investments will support the growing consumer demand for non-bleached renewable packaging materials and hygiene products respectively.

Georgia-Pacific is set to invest over hundreds of millions of dollars.

UPM has agreed to sell the Renforsin Ranta business park in Kajaani to Kansallisholding Oy. The site will be operated by Redeve Oy, the parent company of Kansallisholding, specialising in the ownership and development of industrial real estate.

PT. Riau Andalan Pulp and Paper ("PT. RAPP"), the operating arm of the leading sustainable fibre and product producer Asia Pacific Resources International Limited ("APRIL"), a member of the Singapore-headquartered Royal Golden Eagle (RGE) group of companies founded by Sukanto Tanoto, has received an award for the largest foreign investment in the Riau Province in Indonesia, for the January to September period in 2022.

Prinzhorn Group, having a strategic long term interest in Italy, has made a proposal to acquire corrugated packaging plant Scatolificio La Veggia S.p.A. ("SLV"), Roteglia, which is part of the La Veggia Group of companies in the course of a restructuring process under Italian law.

Employees at the Woodland Pulp mill in Baileyville could strike by the end of the month.

UFP Industries announced that its affiliate, UFP Packaging, LLC, has acquired Titan Corrugated, Inc., a manufacturer of corrugated packaging products, and its affiliate All Boxed Up, LLC, a corrugated box distributor. The combined companies had trailing 12-month sales through October 2022 of approximately $46.5 million.

Layoffs are expected to begin March 31.

Twin Rivers Paper Company has reached a definitive agreement to sell its softwood lumber mill in Plaster Rock, New Brunswick, to eastern Canadian lumber manufacturer and North American forest products leader Groupe Lebel.

Mondi, a global leader in sustainable packaging and paper, has started production at its €16 million greenfield plant in Morocco, which can produce 100 million paper bags each year.

Veritiv Corporation announced that Stephen J. "Steve" Smith, the company's Senior Vice President and Chief Financial Officer (CFO), has informed the Veritiv Board of Directors that he intends to retire from the company in September 2023. Eric J. Guerin, a seasoned finance leader, will succeed Mr. Smith as Senior Vice President and CFO on March 1, 2023.

Appvion, a Wynnchurch Capital, L.P. portfolio company, announced today that Paul Charapata, former President and CEO of recently acquired Nekoosa Coated Products, LLC, has been named CEO of the Appvion platform. The current CEO, Laurie Andriate, will transition to the Board of Directors.

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, more than 150 papermaking innovators and legends have been enshrined. This month, we profile Luigi Lazzareschi, who was inducted into the Hall of Fame in 2018.

The PM40 closed Friday, 16 December 2022, at 5143.

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