Recent Articles

International Paper was recognized as a 2022 Best Companies to Work in three categories: Women, Diversity and Millennials. This award represents the fifth consecutive year the company, a leading global supplier of renewable fiber-based products, has been recognized by the Women's Choice Award®.

Glatfelter Corporation, a leading global supplier of engineered materials, has been nominated as a finalist for two IDEA®22 awards - the IDEA® Nonwoven Product Achievement Award for its Sontara® Silk facial sheet masks and the IDEA® Sustainability Advancement Award for its partnership with Blue Ocean Closure (BOC) and ALPLA for sustainable, fiber-based screw caps.

Sales growth was strong during the year and net sales amounted to approximately SEK 122bn.

UPM has published a new Forest Action Programme, which will run until 2030.

The Alberta provincial government announced a renewed joint forest management agreement (FMA) with West Fraser Mills Ltd. and Tolko Industries Ltd. for the next 20 years, in exchange for various responsibilities. The FMA allows both companies to maintain the right to establish, grow, harvest and remove Crown timber from the forest management area.

The experts from Voith's OnPerformance.Lab (OPL) and Hamburger Containerboard have achieved 35 percent faster grade changes, optimized length profile and more stable processes on PM 1 at the producer's Spremberg site.

Costs for all main raw materials, energy and freight have massively increased during recent months and continue to rise. The surge in costs has been further intensified by the ongoing war in Ukraine.

Andritz has successfully started up a complete OCC line delivered on EPS (Engineering, Procurement, Supervision) basis to SCGP's subsidiary, United Pulp and Paper Co., Inc. (UPPC) for its mill in Bulacan, the Philippines.

This greenfield 1,000 tpd recycled containerboard and special packing grade board machine will utilize a wet end system with AFT's most advanced POM® technology.

Business software giant Oracle Corp said on Wednesday it has suspended all operations in Russia, while rival SAP SE later announced it would pause all sales in the country following Moscow's invasion of Ukraine.

Valmet has on March 1, 2022 acquired North American-based Coldwater Seals, Inc., a global provider of consumables and services to the pulp and paper industry. Coldwater operates manufacturing facilities in the United States and Sweden. The value of the acquisition will not be disclosed.

Kemira has decided to discontinue deliveries to Russia and Belarus starting March 1, 2022 until further notice due to the ongoing situation in the region.

Kemira is making a donation of EUR 50,000 to the Red Cross to help and support in the humanitarian crisis of Ukraine.

Reported insider trading since the last issue of PaperMoney.

Mondi has temporarily shut its industrial bags plant that employs about 100 people in Lviv in the west of Ukraine due to Russia's invasion of the country, according to a spokesperson.

Kimberly-Clark Corporation, the pioneer of menstrual hygiene products, announced that it has completed its acquisition of a majority stake in Thinx, Inc., an industry disruptor and the leader in reusable period and incontinence underwear category. The company made an initial minority investment in Thinx in 2019.

Canfor Corp. said it plans to sell its forestry and mill assets in Mackenzie for $70 million.

Neenah, Inc., a leading global manufacturer of specialty materials focused on filtration media, specialty coatings, engineered materials, and imaging & packaging, announced a 25 million euro investment in new meltblown capacity in our German filtration facility.

Upon completion of the transaction, RRD's shares will no longer trade on the New York Stock Exchange, and RRD will become a private company.

Today (Feb. 24) the union announced a three weeks' extension to the strike at most UPM's Finnish mills, until 2 April 2022, unless new collective labour agreements are reached before that.

In just four months, Tetra Pak has co-invested over Euro 11.5 million with recyclers and industry players, to help set up four completely new recycling solutions for carton packages in Turkey, Saudi Arabia, Ukraine and Australia.

The conversion is scheduled for completion by the end of 2023.

Interfor announced that it has completed the previously announced transaction to acquire 100% of the equity interests of EACOM Timber Corporation from an affiliate of Kelso & Company, effective February 22, 2022.

Stora Enso is starting a feasibility study for the possible conversion of an idle paper machine at its Oulu site in Finland for a high-volume consumer board line. On a successful completion of the feasibility study, an investment decision could be made by the end of 2022 with start-up in 2025.

Cascades announced an expansion plan in the isothermal distribution market with the commissioning of a new production site in the western United States, in Tacoma (WA), and with the launch of new products under its northbox® brand of insulated boxes for fresh foods.