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Congratulations to Green Bay Packaging

Reported insider trading since the last issue of PaperMoney.

Resolute Forest Products Inc. announced two separate transactions to grow and improve the competitiveness of its wood products business.

Asia Pulp & Paper (APP) Sinar Mas has confirmed that there has been a tiger attack in the concession area of one of its subsidiaries, PT. Satria Perkasa Agung (SPA), resulting in a fatality to an employee of a contractor on February 5, 2022.

Stora Enso invests EUR 9 million in an automated CLT (cross-laminated timber) coating line at the Ybbs sawmill in Austria. The investment will further strengthen Stora Enso's position as a leading global provider of engineered wood products for low carbon, sustainable buildings.

The Pratt facility is expected to produce 247,000 tons of containerboard in its first year of operation, with a gradual increase to 543,000 tons by the 10th year, staying at that production level until the bonds expire.

Catalyst Paper's Tis'kwat mill has begun its indefinite curtailment in earnest, with many workers putting in their final day at the mill on February 4.

At least two workers were killed and another 15 sustained burns after a major fire broke out in Kasur's Bulleh Shah Paper Mills on Wednesday, Feb. 9.

If approved, all Verso stockholders will receive $27.00 per share in cash upon closing of the transaction, representing immediate and certain value at a significant premium.

Brazilian pulpmaker Klabin SA announced on Tuesday a 180 million reais ($34.25 million) investment in its corrugated box plant expansion in the northern state of Ceara.

Canfor Pulp Products Inc. is announcing changes to the senior leadership team. After 14 years with Canfor, Alan Nicholl, Executive Vice President, Bio-Based Solutions & Pulp Operations, has accepted the role of Managing Director with Licella Holdings, Canfor's joint venture partner in Arbios Biotech (Arbios) effective April 2022. Alan will continue to serve as President & CEO of Arbios.

The new fiber glass tissue production line will make luxury vinyl tiles and sheet materials, and are slated to be fully completed by summer 2023.

Midwest Paper Group makes packaging-grade paper at its mill in Combined Locks. The mill has a capacity to produce 500,000 tons per year.

The Finnish Paperworkers' Union has today informed UPM that their strike at UPM's Finnish mills will be extended by three weeks until 12 March 2022, unless new agreements are reached before that. The Paperworkers' Union's strike at UPM Pulp, UPM Biofuels, UPM Communication Papers, UPM Specialty Papers and UPM Raflatac units in Finland started 1 January 2022. Currently, approximately 200 union members are working in tasks critical to society, such as power plants and water treatment facilities.

Stora Enso is investing EUR 8 million to double its production capacity of formed fiber in Europe. With new machinery in Hylte, Sweden, Stora Enso will meet the increasing demand for formed fiber. The investment further strengthens Stora Enso's position as a leading provider of renewable materials that replace fossil-based ones.

The mystery party had been circling since at least November but has never been named in R.R. Donnelley's public statements.

Nuveen Natural Capital, a globally diversified investment and asset management company specializing in the acquisition and stewardship of forestry assets, completed the sale of 66,800 acres in Texas and Georgia to Rayonier, a leading timberland real estate investment trust. The purchase price, before transaction costs, was $124.2 million.

Greif, Inc., a global leader in industrial packaging products and services, announced that Ole Rosgaard assumed the role of President and Chief Executive Officer, consistent with the company's previously announced succession plan. Mr. Rosgaard succeeds Pete Watson who will become Executive Chairman of Greif's Board of Directors. Mr. Rosgaard has also been nominated to serve on Greif's Board of Directors, which will be voted upon at the Annual Stockholders' Meeting on March 1, 2022.

Essity has acquired the US professional wiping and cleaning company Legacy Converting, Inc.

Ewertz replaces current CFO, Toby Lawton, who is leaving his position for personal reasons.

Mayr-Melnhof Holz has received the necessary approval from the competition authorities, and thereby completes its acquisition of the Swedish sawmill group Bergkvist Siljan.

Norske Skog has entered into agreement with Talley's Group, a New Zealand based dairy, fishing, produce and food company, to sell the Nature's Flame pellets company for a consideration of approximately NZD 47.8 million (approximately NOK 280 million). The transaction is expected to close during the first quarter of 2022.

International Paper (IP), one of the world's leading producers of renewable fiber-based packaging and absorbent pulp solutions, achieved a major production milestone at its Madrid Mill in Fuenlabrada, Spain. In the last quarter of 2021, the state-of-the-art mill reached a total production volume of one million tonnes of sustainably made high-performance light-weight recycled containerboard since the completion of the conversion investment in August 2018.

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, close to 150 papermaking innovators and legends have been enshrined. This month, we profile Dick Reese, who was inducted into the Hall of Fame in 2021.

The PM40 closed Friday, 11 February 2022, at 4256.

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