Recent Articles

Rayonier Inc. announced that its board of directors has approved a 5.6% increase in its quarterly cash dividend to $0.285 per common share from $0.27 per common share. The dividend is payable on June 30, 2022, to shareholders of record on June 16, 2022.

Packaging Corporation of America announced that it intends to increase the quarterly cash dividend on its common stock to an annual payout of $5.00 per share from $4.00 per share, a 25% increase.

Ahlstrom-Munksjö has pledged to create sustainable, fiber-based solutions. PurposeSeal™ is pushing the boundaries of fiber-based end-use applications.

Suzano, one of the world's largest integrated pulp and paper producers, announces the publication of its 2021 Annual Report and the launch of a revitalized Sustainability Center.

Mondi, a global leader in packaging and paper, is presenting its broad portfolio of sustainable packaging solutions at this month's Interzoo and demonstrating how flexible packaging can drive sustainability in the pet food industry.

Tla'amin Nation has written to Paper Excellence laying claim to the Catalyst Paper Tis'kwat mill site and Lot 450.

Paper bottles

Reported insider trading since the last issue of PaperMoney.

Soon after the company was sold to a new owner, Appvion announced the purchase of new equipment.

A date for auctioning the former Luke paper mill's assets has been set by Capital Recovery Group, the property's owner.

Howe Sound Pulp & Paper (HSPP) Mill was evacuated for about two hours on the morning of May 12.

Pregis, a leading global manufacturer of protective packaging, recently started production at its new 298,000 square foot manufacturing facility in Reno, Nevada. The facility is producing the Pregis EverTec™ cushioned mailer, a durable, lightweight, curbside recyclable, paper cushioned shipping solution.

Fire crews responded early Friday morning, May 13, to a fire at the WestRock facility in Camillus.

Ten years after the catastrophic explosion and fire at the Verso Paper Mill in Sartell, it will soon be a day for public reminiscence.

The Paper Excellence Group, a global diversified manufacturer of pulp and specialty, printing, writing, and packaging papers, announced its subsidiary, Domtar Inc., has entered into an agreement with an affiliate of Kruger Specialty Papers Holding L.P. to sell its Kamloops pulp mill for an undisclosed amount.

Paper Excellence provided an update on skilled labor shortages in British Columbia that are impacting the company's ability to execute many of its planned shutdowns on time.

Finland-based Huhtamaki North America says it will invest $100 million to expand its facility in Hammond. The packaging manufacturer says the 250,000-square-foot addition will result in about 100 new jobs when its operational in 2023.

Iconex, the world's leading provider of highly differentiated label solutions and low-cost paper receipts, announced the acquisition of Liberty Greenleaf. Founded over three decades ago, Liberty Greenleaf is one of the premier manufacturers of point-of-sale (POS) and industrial packaging solutions, with operations in Phoenix, Arizona and Morristown, Tennessee.

UFP Industries announced that its affiliate, Deckorators, Inc., acquired Cedar Poly LLC, for $17 million. The purchase price includes incentive payments of up to $1.5 million over three years if Cedar Poly meets certain performance goals.

UPM had permanently ceased production and agreed a social plan for its employees at its Chapelle mill in Grand-Couronne, France already in June 2020.

Mondi, a global leader in sustainable packaging and paper, continues to make progress on its previously announced €125 million investment to expand and upgrade its Kuopio mill in Finland with expected start-up by the fourth quarter of 2023.

Chatham Asset Management, LLC, a private investment firm which manages funds that beneficially own approximately 6.3% of the outstanding common stock of Rayonier Advanced Materials ("RYAM" or the "Company") (NYSE: RYAM) and is a substantial bondholder of the Company, issued an open letter to RYAM shareholders reaffirming its intention to withhold its vote against two long-tenured members of the Company's Board of Directors, Thomas I. Morgan and Lisa M. Palumbo, at the Company's annual meeting of shareholders on May 16, 2022.

Stora Enso invests in ACDF Industrie SAS and becomes a 35% shareholder of the French wood processing company. The investment is in line with Stora Enso's growth strategy for mass timber building elements, enabling value-added, bespoke CLT (cross-laminated timber) solutions to its long-term French partners.

Paper Excellence announced that it is nearing completion of a significant project to winterize the pulp mill at Prince Albert Pulp Inc (PAPI). Winterizing the mill means that the interior of the mill is now heated for the first time since 2014, when the site last operated. The project will cost approximately $500,000.

Atlas Packaging, based in Barnstaple, North Devon, is a corrugated packaging provider with a strong market presence in shelf ready packaging, gift boxing and the e-commerce sector.