Recent Articles

ABB has been appointed by Klabin, Brazil's largest producer and exporter of packaging paper and sustainable solutions for paper packaging, to deliver the management and power distribution system (PDS) for their Puma II Project, which will support their production target of 920,000 tons per year.

Kastamonu Entegre placed an order with Siempelkamp for a new particleboard plant for its location in Kastamonu City, Turkey.

ABB has been appointed by Arauco, a manufacturer of forest products, to provide remote supervision in five of its pulp mills in Chile to ensure greater reliability and monitoring across all processes.

Swedish specialty pulp mill Aspa Bruk has placed an order for SPM's most advanced online system Intellinova Parallel EN to monitor the mechanical and lubrication condition of the mill's pulp dryer and wood chipper.

Start-up is scheduled for the third or fourth quarter of 2022.

ANDRITZ has received an order from Sichuan Huaqiao Fenghuang Paper Co. Ltd. to supply a patented combi-pulping system for its mill in Guanghan, Deyang City, Sichuan Province, China.

Valmet's delivery includes replacing an existing baling line with a new one.

Ms. Katri Hokkanen (M.Sc. Econ) has been appointed CFO at Valmet as of August 1, 2022. She will report to President and CEO Pasi Laine. Katri Hokkanen has worked as Valmet's interim CFO since May 1, 2022.

Kimberly-Clark announced that it was once again named one of the World's Most Ethical Companies by Ethisphere for the fourth consecutive year. This recognition honors the company's exceptional leadership and commitment to business integrity through best-in-class ethics, compliance and governance practices.

Canada's Paper Excellence said it had been authorized by a Brazilian court to conclude the acquisition of outstanding shares of Brazilian pulpmaker Eldorado Brasil Celulose, a statement immediately challenged by Eldorado's majority owner.

Plantable seed paper

Reported insider trading since the last issue of PaperMoney.

Fire crews were called to the Twin Rivers Mohawk Valley Paper Mill in Little Falls early Thursday morning July 14 after a fire broke out around 1:20 a.m.

The facility, scheduled to be operational by the third quarter of 2023, will bring more than 60 new jobs to the area.

FCL is a machinery manufacturer that designs and manufactures industrial machines.

Menasha Packaging Company, LLC, a subsidiary of Menasha Corporation, announced it has finalized the acquisition of Color-Box, a business unit of Georgia-Pacific, LLC. Terms of the transaction were not disclosed.

Cenveo Worldwide Limited announced the successful completion of a management buyout of the business led by Chief Executive Officer, Rob Burton, Jr., President, Mike Burton, Chief Financial Officer, Mark Hiltwein, and Chief Strategy Officer, Ayman Zameli. As a result of the transaction, Cenveo is now 100% owned by its management with the Burton family being the majority shareholder.

After more than 24 hours, the July 9 warehouse fire in Combined Locks has finally been put out.

Now, as Paper Excellence plans to acquire Resolute, Domtar plans to sell their mills in both Dryden and Espanola to a third-party company due to anticipated regulatory requirements related to the deal, which is expected to close in the first half of 2023, subject to approvals.

Mativ Holdings, Inc. announced the successful completion of the merger of equals between Schweitzer-Mauduit International, Inc. ("SWM") and Neenah, Inc. ("Neenah"), two leading global manufacturers of specialty materials, effective July 6, 2022.

Essity acquires 80% of the Canadian company Knix Wear Inc. ("Knix"), a leading provider of leakproof apparel for periods and incontinence.

Western Forest Products Inc. announced capital investments totaling approximately $29 million towards its British Columbia (B.C.) operations in Canada. These capital investments represent an increase of $13 million over and above the $16 million of capital investments discussed in the Company's 1Q 2022 Management's Discussion and Analysis.

The purchase price amounts to AUD 140m (approximately SEK 985m) on a cash and debt free basis.

Canadian forest products company Resolute Forest Products Inc. has agreed to be bought by pulp manufacturer Domtar Corp. in a deal the companies valued at some $2.7 billion, including pension liabilities.

Mercer International, provides the following update to its press release of July 1, 2022 regarding a fire which occurred in the wood chip storage area at our Stendal pulp mill.