Recent Articles

Strong market conditions have continued in all UPM businesses.

Stora Enso estimates that the previous full year 2022 operational EBIT guidance will be exceeded. Hence, the Company changes its full year 2022 operational EBIT guidance to be higher than the full-year 2021 of EUR 1,528 million. The previous guidance for the full year 2022 was an operational EBIT to be approximately in line with the full year 2021.

The new catalog includes a full range of exclusive self-adhesive label application materials for wines, spirits, craft beers and delicatessen products. Each label comes in various sizes so that an assessment can be made of its appearance, feel and finish, and it can be applied directly to the final product.

Rottneros has started a collaborative project together with Söderberg & Partners in the area of circular economy. The aim is to achieve measurable targets as part of the Group's sustainability work and potentially increase shareholders' opportunities for returns.

UPM is the first Finnish company, acting as a shipper and charterer, to discharge its ship-generated wastewater on land and utilise various circular economy solutions in wastewater treatment. The commitment has been published on the World Oceans Day, to Baltic Sea Action Group (BSAG). The new model will be implemented in the ports of Rauma, Hamina, Kotka and Pietarsaari, which are the four most important ports for UPM's operations.

After the launch several months ago of its new range of Linerset release liners with Linerset CCK (Clay Coated Kraft) release paper, Lecta now presents Linerset Glassine, a supercalendered paper for siliconization with very good lay-flatness, caliper, transparency and high resistance.

Starting from May 2022, the lignin-based WISA® BioBond bonding technology is being used in all UPM's WISA spruce plywood products. WISA BioBond is UPM Plywood's proprietary bonding technology in which at least 50% of fossil-based phenol in the glue is replaced with wood's own natural bonding agent, lignin. UPM is the first plywood manufacturer in the world to adopt such a lignin-based solution in its entire range of spruce products.

Amcor has unveiled a product rebrand designed to give customers a clearer, holistic view of its growing portfolio of more sustainable packaging solutions. This significant marketing effort provides customers with greater visibility and transparency of Amcor's extensive product portfolio that has grown over the years through innovation and strategic acquisitions.

UFP Industries announced that it was ranked 401 on the FORTUNE 500 list of largest companies by revenue in the United States. UFP Industries jumped 117 places, from 518 in 2021, to make the coveted list. The company, which has achieved FORTUNE 1000 status for many years, was last ranked on the FORTUNE 500 list in 1994.

The Lenzing Group, a world-leading provider of wood-based specialty fibers for the global textile and nonwoven industries, is celebrating the 25th anniversary of its site in Heiligenkreuz, Burgenland on June 08, 2022. Since its launch in 1997, the lyocell plant has contributed hugely to the success of the Lenzing Group. The site is also celebrating the successful production of one million tons of wood-based, biodegradable lyocell fibers.

Mondi, a global leader in packaging and paper, has collaborated with Austrian mechanical engineering company EW Technology to launch a new machine for paper pallet wrapping that is more efficient and sustainable on small-to-medium production lines.

Hilex®, a Novolex® brand, today announced the launch of RollStar EZ Open Produce Bags that solve a vexing problem for shoppers: how to open a produce bag with sides that "stick" together.

Metsä Spring, Metsä Group's innovation company, has launched a new 3D fibre product called Muoto®. Muoto has been produced at Metsä Group's and Valmet's demo plant in Äänekoski since May 2022, and is made of Metsä Group's wood fibres.

Sun Paper, in close collaboration with ABB, has successfully launched another pulp mill, at the new Beihai location in Guangxi, China. ABB has installed three sets of its flagship distributed control system (DCS) ABB Ability System 800xA, two sets of mechanical pulp drive systems, four refiner motors and auxiliary high-voltage cabinets, and over 30 high and low-voltage motors.

Valmet to lay off 50% of its employees in Russia as part of its plan to leave the country. Company has a total of approximately 140 employees in Russia, working primarily in sales, engineering, maintenance and financial administration. Valmet does not have production in Russia.

Reported insider trading since the last issue of PaperMoney.

Crews fought the blaze for more than five hours. According to officials, they tried to work quickly as to contain the fire from the nearby lumber yard.

The construction phase of the project is expected to generate $34 million in revenue for the county and another $38 million for New Jersey, along with 140 temporary jobs.

The Kamloops facility, which manufactures northern bleached softwood kraft pulp (NBSK) and unbleached softwood kraft pulp, will continue to operate as usual, honouring all existing volume commitments and agreements with customers and suppliers. The Mill's 320 jobs will be maintained. In addition, Kruger intends to maintain ongoing initiatives to continue modernizing the Mill.

Pactiv Evergreen announced that Jonathan "Jon" Baksht joined the company as Chief Financial Officer, effective May 27, 2022.

Potlatchdeltic Corp., a real-estate investment trust focused on owning timberland, has agreed to buy rival CatchMark Timber Trust Inc. in an all-stock deal that values CatchMark at more than $600 million.

Several fire departments and what appeared to be Hazmat units were called to assist an incident in Stevens Point on May 26.

Rayonier Advanced Materials Inc. on Tuesday said Vito Consiglio has stepped down as president, chief executive and a director by mutual agreement with the board after just five months at the helm of the cellulose-products maker.

Tolko Industries says damage and repairs are still being investigated after a fire May 20 at the plant west of High Prairie.

Canfor Corporation is announcing the continuation of reduced operating schedules at its Western Canadian sawmills due to the ongoing global supply chain challenges. The Company has been operating at approximately 80% of production capacity since late March 2022.