Recent Articles

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.

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.