Recent Articles

On June 28th, NOREXECO, the world's only international regulated market for trading pulp and paper derivatives, explained to North American buyers and sellers of pulp how they could mitigate pricing risk for market pulp using exchange traded contracts.

Reported insider trading since the last issue of PaperMoney.

Empire Recycled Fiber (ERF) says it has made the decision to relocate its recycled containerboard mill project from Fairless Hills, Pennsylvania to the Dayton, Ohio regional market.

The Zachary Police Department was called to a fire at the Georgia-Pacific Corporation around 3 a.m. on Tuesday, June 28.

A smoky fire broke out at the paper mill in Madawaska causing workers to evacuate Friday evening, June 24.

There has been a fatal incident at the Kemi bioproduct mill site of Metsä Fibre. The accident took place at the installation site of the recovery boiler in the forenoon, the 25th of June, 2022.

Mercer International Inc. is deeply saddened to announce that an employee has passed away at its Rosenthal mill in Germany on June 25, 2022. Mercer and local authorities conducted an investigation and so far determined that the tragic loss was not work related.

Progroup is building a new corrugated sheetfeeder plant in south-west Germany, between the Palatinate villages of Petersberg and Höheischweiler. The company is investing more than Euro 90 million in the new building and is thus continuing to pursue its growth strategy. Production is set to begin in the second half of 2023.

UFP Industries announced that its affiliate, PalletOne, Inc., has acquired a 50 percent equity stake in Dempsey Wood Products, LLC. The purchase agreement includes options for PalletOne to purchase the remaining 50 percent of Dempsey after three years.

No injuries were reported and the fire was contained to the site of origin.

The investment in the new line amounts to over Euro 50 million and is part of the Beeskow 50+ project, which refers to both the investment and the site´s more than 50 years of existence.

Canfor Southern Pine (Canfor) is investing $25 million to modernize its Hampton County facility in South Carolina, South Carolina Gov. Henry McMaster and the S.C. Department of Commerce announced.

An ammonia leak from a tank at McKinley Paper mill was isolated in a containment area and did not drain into water or the environment, said Capt. Kelly Ziegler of the Port Angeles Fire Department.

The fire had no known causalities but did send a firefighter to the hospital.

In addition, this acquisition will expand MM's footprint into the US market with an important position in the East-Coast pharma hub.

Chilean pulp and wood panel manufacturer Arauco has signed an agreement to invest around $3 billion to build a new pulp mill in Brazil, it said in a statement.

Mill Rock Packaging Partners ("Mill Rock Packaging"), a specialty packaging platform that invests in growth-oriented companies with advanced service and product capabilities in the consumer packaging industry, announced that it has appointed Allen Ennis as Chief Executive Officer. Mill Rock Packaging is a portfolio company of New York-based Mill Rock Capital, a growth and operations-oriented private investment firm.

The cause of a fire Tuesday afternoon, June 21, at the Newport Containerboard Mill in Vermillion County is under investigation. That facility is operated by International Paper.

Central National Gottesman Inc. (CNG) announced that its North American Distribution Division has acquired Lewis Paper International, Inc., a leading distributor of paper, packaging and wide-format products headquartered in Addison, Illinois.

The two companies have worked diligently to establish contract terms that recognize the value and strengths of their employees and customers, and the sale is targeted to close in early August.

Over 30 firefighters from several localities put out a fire at the WestRock paper mill early Tuesday morning.

Upon close, the new company name will be Mativ, Inc. ("Mativ") and its shares will begin trading on the NYSE under the ticker symbol "MATV." The "SWM" and "NP" ticker symbols will be deactivated.

UPM has signed an agreement to sell 100% of the shares of its Austrian subsidiary UPM Kymmene-Austria GmbH to the HEINZEL GROUP, a leading pulp, packaging and paper producer and trader in Central and Eastern Europe.

Kruger Products officially inaugurated its Sherbrooke Tissue Plant, which was commissioned in 2021, and also broke ground at its expansion project where another tissue plant will be built on a site adjacent to the Sherbrooke Plant by 2024.

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