Recent Articles

Glatfelter Corporation, a leading global supplier of engineered materials, today announced that the Board of Directors has suspended the Company's quarterly cash dividend as part of its focused efforts to optimize the operational and financial results of the business.

Ingevity Corporation announced that it has received the gold rating for sustainability by EcoVadis, an independent organization that provides evidence-based sustainability assessments for companies within global supply chains, placing Ingevity in the top 3% of respondents in the specialty chemicals sector and affirming the company's commitment to its purpose to purify, protect and enhance the world.

Suzano, the world's largest hardwood producer, has underlined its commitment to the Chinese market and its customers, and the pursuit of environmental solutions based on the bioeconomy at Shanghai Pulp Week 2022.

The Lenzing Group, the world's leading supplier of wood-based specialty fibers for the textile and nonwovens industries, suspended its guidance for the development of earnings in the 2022 financial year in view of the drastic deterioration of the market environment in the current quarter. The further course of the 2022 financial year can only be estimated to a limited extent due to the extremely low visibility on the demand side and the high volatility of energy and raw material costs.

Mercer International Inc. has successfully entered into a new Euro 300 million revolving credit facility for its German subsidiaries with a syndicate of European banks (the "New Facility"). The New Facility has a five year term, is unsecured and accrues interest at a rate of Euribor plus a stipulated margin.

Stora Enso has started a feasibility study to assess the potential to further reduce fossil CO2 emissions at the Packaging Materials division's Imatra site in Finland. The study focuses on the possibility to significantly reduce the use of fossil fuels at site. This would be achieved through adding a new biomass boiler and improving recovery boiler energy efficiency. Replacing fossil-based fuels with bio-based fuels would improve the environmental performance of the site.

A new report by fashion retail authority Drapers, in partnership with Smurfit Kappa, has revealed that sustainable packaging is still an important factor in consumers' purchasing decisions.

P&G continues to make progress on our commitment to keep forests as forests for generations to come, as communicated in our recently issued Forestry Practices Report 2022.

In August, the Chinese paper manufacturer Shanying Suzhou Paper commissioned Voith to supply two XcelLine paper machines with comprehensive digitalization and automation solutions as well as services and spare parts packages for its new site in Zhongying, Anhui Province, in eastern China.

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.