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The ranking is based on the weighted average of three factors: survey data used to gauge builders' perception of the "greenest brand," market data to determine the opinions of builders when discussing a brand, and sentiment data that tracks the number of positive brand mentions by customers who have used or have heard about the products.

Natron-Hayat Pulp and Paper Mill in Maglaj, Bosnia-Herzegovina, has ordered a press technology upgrade from Valmet. The delivery includes two refurbished Twin Roll Presses and additional equipment and services to secure the trouble-free operation of the presses.

The total maximum value of the order is around Euro 30 million.

The rebuilt plant is scheduled to start up before the end of 2022.

ANDRITZ has signed an agreement with the Sofidel Group to upgrade hood technology at its Kisa tissue mill in Sweden.

Start-up is scheduled for the second quarter of 2023.

A project of this size and scope is typically valued at around EUR 150-170 million.

BID Group announces the continued partnership with Canfor to deliver a sawmill modernization project for its Urbana, Arkansas operation. Through its industry-leading wood processing technologies and integrated solutions offering, BID will manage, design, build, equip, install, and provide start-up services for the project. Work on site will begin in the 3Q 2022.

The target of the investment is to ensure a smooth start-up, to optimize the equipment efficiency and to achieve premium board quality, Valmet announced.

Reported insider trading since the last issue of PaperMoney.

The renovations are expected to take three years. In addition to improving safety and efficiency, a new production line will be installed.

Pregis has invested in a new 1960 square meter (21,000 square foot) customer experience facility in Europe designed to provide a holistic solutions approach to protective packaging challenges and reduce costly waste incurred by damaged products.

UFP Industries, Inc. announced that President and COO Pat Webster will retire at the end of 2022 after a remarkable career spanning nearly four decades at the company. Over the next several months, Pat's duties will be transferred to existing or new members of the leadership team as part of the company's 2020 reorganization plan.

Essity has initiated an exit from the Russian market, according to the company's quarterly report. Essity's conditions to pursue business in Russia have worsened, the company said. As a result, the Essity's assets in Russia were impaired by approximately SEK 1.4 billion ($146.7 million).

UPM and the Paperworkers' Union have agreed on first-ever business-specific collective labour agreements for five UPM businesses. The strike at UPM mills in Finland will end immediately and employees will return to work. The strike covered UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac and UPM Biofuels units in Finland. UPM will restart customer deliveries as soon as possible.

Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company's Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso's Russian forest operation which through its harvesting supplies wood to the sawmills.

The multi-million-dollar investment will strengthen Amcor's leadership in the growing industry for sterile packaging, offering customers in Europe and North America another site with comprehensive healthcare solutions.

Firemen from Castanea, Lock Haven and the surrounding area were in service for three hours responding to a late Tuesday morning (April 19) alarm at First Quality's Lock Haven Tissue facility.

Canfor Corporation will invest approximately $130 million to significantly upgrade and expand its sawmill and planer facility located in Urbana in Union County, Arkansas. The investment will capitalize on the abundant supply of high-quality fiber to enhance the manufacturing of high-value products, increase annual production at the facility by 115 million board feet, and result in a meaningful reduction in the facility's cost structure.

Weyerhaeuser Company announced an agreement to purchase 80,800 acres of high-quality timberlands in North and South Carolina from a fund managed by Campbell Global for approximately $265 million.

In order to help facilitate the Company's financial restructuring, Dunn Paper's Board of Directors has named David Coles as Chief Restructuring Officer. Mr. Coles is a seasoned financial restructuring expert and a Managing Director of Alvarez and Marsal, a leading restructuring firm.

Domtar has agreed to transfer ownership of the land to NCC for $7 million below its appraised value as a part of this partnership.

Apollo announced that funds managed by Apollo affiliates have completed the acquisition of a majority stake in Novolex Holdings LLC, a leading global manufacturer of diverse and sustainable packaging products for the foodservice, delivery and carryout, food processor and industrial markets, from funds managed by Carlyle. Carlyle will retain a minority stake in the Company.

We have talked in this column in the past about turmoil in society reflected in the pulp and paper industry. Turmoil today seems to be worse than we have seen in a long time. From environmental activism to war to inflation to threats of hacking to evaporating world markets, the pulp and paper industry is being hit on many sides with existential threats. This is where solid managers shine, finding ways to take advantage of the conditions on one hand while playing defense with the other.

Have you ever lied to your boss?