Recent Articles

Increasing demands for electrification mean more and more batteries are needed.

Enviva Inc., the world's leading producer of sustainably sourced wood biomass, has been recognized as a 2022 "Enlightened Growth Leadership" award recipient by The Frost & Sullivan Institute (FSI).

UPM Biochemicals' biorefinery at Leuna in Saxony-Anhalt, Germany, moved one step closer to creating the world beyond fossils when the first delivery of wood from sustainably managed regional forests arrived on site today.

Kimberly-Clark announced that it was named to Seramount's annual Inclusion Index for the third consecutive year. The index recognizes companies that are leading the way in creating diverse and inclusive work environments.

Greif, Inc., a global leader in industrial packaging products and services, announced the company has been named one of the 100 Best ESG Companies by Investor's Business Daily (IBD), a leading financial news and research organization.

Sustana, the sustainable fiber and paper industry leader, has joined the United Nations (UN) Global Compact initiative. Sustana's engagement in the UN Global Compact -- a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices - reflects its longstanding and continued adherence to sustainable practices and its ongoing support for the Ten Principles focused on human rights, labor, environment, and anti-corruption.

Essity has - for the second consecutive year - been designated a Diversity Leader by the UK business daily Financial Times.

Amcor released its 2022 Sustainability Report, detailing continued progress against key sustainability metrics and announcing an enhanced target to achieve 30% recycled content across its portfolio by the end of the decade.

Södra has been awarded the Career Companies 2023 award. The purpose of the Career Companies is to reward employers who have successfully invested in career and development opportunities and to help students and young workers find future employers.

Paper manufacturers Packaging Corporation of America Central California Corrugated, LLC. (PCA) and Schwarz Partners LP will pay $385,000 and implement preventative measures to settle a racial harassment lawsuit seeking relief for two African American men who worked at a manufacturing plant located in McClellan, California, the U.S. Equal Employment Opportunity Commission (EEOC) announced.

Canfor Corporation is announcing a temporary reduction in Canadian production due to very weak market conditions. The production will be reduced through curtailments at all solid wood facilities in B.C. and Alberta.

Making batteries from trees

Reported insider trading since the last issue of PaperMoney.

The Arizona Commerce Authority announced that Procter & Gamble (P&G), a global consumer goods leader with a diverse portfolio of trusted, quality brands, plans to build a new manufacturing facility in Coolidge, Arizona. The facility will support P&G's fabric care portfolio, which includes products such as Tide PODS®, Downy Unstopables® and Bounce® Dryer Sheets. The new facility is expected to be operational by 2025, creating approximately 500 new jobs.

According to initial reports, smoke was seen coming from the converting warehouse at the facility.

Menasha Packaging, a retail-focused packaging design, manufacturing, and merchandising solutions provider, will expand operations in Pelahatchie, Mississippi. The $79 million project is expected to create 21 jobs.

Roseburg Forest Products began full operations of its veneer manufacturing plant Wednesday, returning 145 team members to full schedules after implementing new safety procedures and keeping city and county leaders informed since the Sept. 2 Mill Fire.

The Board has therefore approved a US$418 million investment at Somerset to convert PM2 from coated woodfree graphic paper to solid bleached sulphate board (SBS).

WestRock Company announced it has entered into a definitive agreement to wholly divest its ownership interest in RTS Packaging, LLC, to joint venture partner Sonoco Products Company for $330 million, subject to customary price adjustments. In addition, the Company has signed a definitive agreement to sell its uncoated recycled paperboard (URB) mills in Eaton, Indiana, and Aurora, Illinois, to Ox Industries for $50 million.

Crews battled a big fire Tuesday night, Nov. 8, at a waste paper plant on the property of Sonoco of Hartsville, according to an official.

The fire was located deep into the warehouse of the smoke-filled facility and was surrounded by stacks of other pallets of product, making locating and extinguishing the fire difficult.

Greif, Inc. announced it has entered into a definitive agreement to acquire Lee Container Corporation, Inc. ("Lee Container" or "Lee"), an industry-leading manufacturer of high-performance barrier and conventional blow molded containers, for a purchase price of $300 million before taking into consideration tax benefits with an estimated net present value of approximately $30 million.

"We are disappointed with the vote for industrial action, particularly at a crucial time for all of our customers," a DS Smith spokesperson said.

No one was injured in the incident.

Western Forest Products has temporarily shut down APD Sawmill in Port Alberni for the next six months, putting more than 100 forestry employees out of work.