Recent Articles

UPM Raflatac has signed an agreement to acquire AMC AG (Advanced Methods of Coating), a Germany-based company. This acquisition accelerates growth and expands the product offering of UPM Raflatac. Both parties have agreed not to disclose the purchase price or other transaction details. The transaction is expected to be closed latest in Q3, 2022. The closing of the acquisition is subject to regulatory approvals.

Roseburg Forest Products held a groundbreaking ceremony at the site of its new Roanoke Valley Lumber sawmill in Weldon, North Carolina. The company announced it planned to expand its operations in the Southeastern U.S. last summer with the new 375,000-square-foot, high-capacity dimensional lumber mill, during an event with N.C. Gov. Roy Cooper.

Smurfit Kappa Group PLC said it investing over EUR35 million in the construction of a new packaging plant in Morocco.

Sonoco, one of the largest sustainable global packaging companies, today announced that Julie Albrecht, who has served as Vice President and Chief Financial Officer since March 2019, will be departing the Company on June 30, 2022. Albrecht will remain in the CFO role through that date to ensure a smooth and orderly transition of responsibilities. Her successor will be the subject of a future announcement as the Company is undergoing a retained search of internal and external candidates.

WorkSafeBC has delivered its report into a May 12 incident at Howe Sound Pulp & Paper Mill that saw six workers taken to the hospital after being exposed to "foul condensate fumes."

Södra is launching a major initiative to develop family forestry. Södra will invest in innovative companies that introduce new technologies for forest estates and enable a more multifaceted approach to family forestry.

Four contractors at West Fraser's Cariboo Pulp and Paper mill in Quesnel were sent to G.R. Baker Hospital after a brief exposure to a by-product of the manufacturing process.

Kimberly-Clark Corp is planning to sell its tissue paper assets in Brazil and Latin America, newspaper Valor Economico reported, saying the company is in talks with JPMorgan to reassess its business in the region.

Tolko can confirm that at 5 a.m. MT on May 20, 2022, a fire started at Tolko's High Prairie division. The mill was evacuated, and the local fire department worked to extinguish the fire. All employees have been accounted for; one employee was injured and sent to hospital, and they are now recovering.

Resolute Forest Products Inc. announced ratification of a four-year collective agreement by Unifor union members at seven of the company's pulp and paper mills in Canada, following an agreement-in-principle reached on May 15, 2022.

Ahlstrom-Munksjö Holding 3 Oy's Board of Directors has agreed an ownership reorganization plan under which the production assets, debts, and liabilities relating to its Decor business will be transferred from Ahlstrom-Munksjö Holding 3 Oy, without liquidation, to a newly formed company that will be named Munksjö.

Lindsay Goldberg, a leading private investment firm that focuses on partnering with families, founders, and management teams seeking to actively build their businesses, announced it has successfully completed the sale of Pixelle Specialty Solutions Holding LLC, a leading provider of fiber-based specialty solutions in North America. Terms of the transaction were not disclosed.

Stora Enso has launched a comprehensive biodiversity programme and related targets for its land holdings in Sweden. The programme, which covers the Company's forest land in Sweden, has five focus areas, each with specific actions and measurable targets for 2030.

MM Kotkamills is investing about Euro 30 million in two state-of-the-art cross cutters with automated core and waste handling. The investment is aimed at strengthening MM Kotkamills' position as a supplier of cartonboard sheets in the European cartonboard market.

It's been almost a month and a half since WestRock made the announcement to close the Panama City Paper Mill. Some would say they never expected the day to come when the Panama City paper mill would close its doors for good.

A supply chain backlog and rail car shortage will continue to trouble the Taylor mill through summer and likely into the fall.

As previously announced, Julie Schertell, President and Chief Executive Officer of Neenah, will serve as President, Chief Executive Officer, and a member of the Board of Directors.

The blaze broke out Sunday morning, May 15, in a kiln, then spread to a second kiln.

Workers had to be evacuated from the building but were released back to work following the incident.

Stora Enso has divested its three corrugated packaging plants in Russia. The Company's Lukhovitsy, Arzamas and Balabanovo packaging plants have been divested to local management.

With this acquisition, and after over 100 years of development through legacy companies as a global phenolics leader, Bakelite Synthetics adds to its strong portfolio of products, brand and customers, as well as building on its growth strategy of delivering innovative solutions to customers in a sustainable manner.

Weyerhaeuser Company announced the completion of its acquisition of 80,800 acres of high-quality timberlands in North and South Carolina from a fund managed by Campbell Global for approximately $265 million. The transaction was announced in April 2022.

Should men open doors for women?

I am always telling the Paperitalo audience that energy has nothing to do with technology, it has everything to do with politics. This was confirmed a couple of weeks ago.

The PM40 closed Friday, 3 June 2022, at 4505.

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