Recent Articles

Valmet further develops its press felt production facilities in Tampere, Finland, by investing in new press felt machinery and equipment. The investment includes a new pre-needling line and a new needling line. The amount of the investment is around Euro 18 million.

Kahramanmaraş Kağıt Sanayi ve Ticaret A.Ş. (KMK Paper) has selected AFT for their PM1 approach flow rebuild project at the Kahramanmaraş mill. PM1 is a 2-ply board machine using 100% OCC to produce corrugating medium and linerboard grades. The new system is scheduled to start up in the first quarter of 2023.

Two corrugated industry experts have crunched the numbers and concluded that the OCC recycling rate is likely much lower than estimates published by the paper manufacturing sector. Myles Cohen, an industry veteran and founder of consulting firm Circular Ventures LLC, and Ryan Fox, corrugated market analyst at Bloomberg Intelligence, estimate the U.S. old corrugated container (OCC) recycling rate is around 69%, far lower than the 91.4% calculated and reported by the American Forest & Paper Association (AF&PA) in May of this year.

Energy woes

Reported insider trading since the last issue of PaperMoney.

West Fraser Timber is permanently curtailing approximately 170 million board feet of combined production at its Fraser Lake and Williams Lake sawmills and approximately 85 million square feet of plywood production at its Quesnel Plywood mill in Canada. The curtailments will be realized through the elimination of one shift at each facility.

Palm Paper is a market leading distributor of foodservice and janitorial sanitation products.

Hood Container Corporation announced that it has acquired the corrugated packaging business of Walker, MI based Kentwood Packaging Inc. The transaction includes all of Kentwood's design, manufacturing, assembly, and fulfillment operations in Walker, including its membership in Great Lakes Wax Coatings, LLC.

Cascades Inc. said the cost of its Bear Island conversion project has increased amid higher labor costs and reduced availability of materials.

It was the first time workers at the plant had struck since 1978.

Governor Henry McMaster and the S.C. Department of Commerce announced that Greif, a global leader in industrial packaging products and services, plans to expand existing operations in Greenville County, S.C. The company is investing $13 million over the next five years.

Pactiv Evergreen Inc. announced that its wholly-owned subsidiary, Evergreen Packaging International LLC, has completed the previously announced sale of its carton packaging and filling machinery businesses in China, Korea and Taiwan to SIG Group Ltd.

In its second-quarter results for 2022, Canfor said the Taylor Pulp Mill curtailment will continue until "more normal" transportation levels return to its pulp and paper mills.

Ahlstrom-Munksjö is investing in new technology and converting its existing boilers at its Mosinee and Rhinelander plants in Wisconsin, United States, to reduce its carbon emissions and landfill waste.

Construction of the facilities and infrastructure work will cost approximately $9.5 million. The rest will be spent on equipment, furniture and a new sprinkler system.

Chilean packaging and sanitary products manufacturer CMPC agreed to buy Mexican tissue firm Grupo P.I. Mabe for $293 million, according to a filing to the stock exchange.

Sonoco Products Company, a diversified global packaging leader, is pleased to announce the promotion of Assistant Corporate Controller Aditya Gandhi to the newly created role of Chief Accounting Officer, effective immediately.

Georgia-Pacific plans to expand operations in Clarendon County, South Carolina. The company is investing approximately $40 million into the project.

Mondi Group has agreed to sell its Russian Syktyvkar plant to Augment Investments Limited owned by Russian billionaire Viktor Kharitonin for 95 billion rubles ($1.5 billion).

Rottneros AB announces that Pia Ohlson has decided to leave her position as CFO as of 5 September 2022. As CFO, Pia Ohlson has been a member of group management in Rottneros.

Mill Rock Packaging Partners, a specialty packaging platform that invests in growth-oriented companies with advanced service and product capabilities in the consumer packaging industry, announced that Steve Rice has been named Chief Information Officer, a new position for the company. Mill Rock Packaging is a portfolio company of New York-based Mill Rock Capital, a growth and operations-oriented private investment firm.

The Interfor Board appointed Tom Temple of Kingston, Washington as a director of the Company. Mr. Temple, who is 65, is the former VP, Wood Products and Southern Resources of PotlatchDeltic, a diversified forest products company. Mr. Temple's appointment increased the number of directors from ten to eleven, while deepening the Board's operations and sales expertise in the U.S. in line with the Company's Board succession plan.

George W. Mead II, the last local owner of the paper mill in Wisconsin Rapids and one of the 150-plus inductees of the Paper Industry International Hall of Fame in Appleton, Wisconsin, died Friday, July 29, 2022 in Madison, Wisconsin at the age of 94.

The PM40 closed Friday, 12 August 2022, at 5595.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 12 August 2022 up 16.3% from the 13 August 2021 level.