Recent Articles

B.C.'s latest round of grants from the CleanBC Industry Fund pays for conversion of equipment at five pulp mills to reduce their natural gas use, while most of the rest of the $70 million goes to natural gas production facilities in Northeast B.C. to get them to switch processes to electricity.

Andritz has successfully started up the new Andritz A-ConApex cooking system supplied to the Altri Group's Celbi eucalyptus pulp mill in Leirosa, Portugal.

Quant Finland Oy and Quant Estonia OÜ (together "Quant") have renewed an existing Total Maintenance Partnership agreement with Metsäliitto Cooperative, Metsä Wood ("Metsä Wood"), a leading producer for premium-quality wood products. The agreement renewal contains scope changes beneficial to both parties. In its quarterly report for the first quarter of 2022, Quant will increase its contract portfolio value with EUR 2 million.

The target is to optimize production and improve the end-product quality.

DuPont announced it has been named to the 2022 Bloomberg Gender-Equality Index (GEI) for the fifth consecutive year, recognizing the company's continued commitment to policies and practices that advance gender inclusion and parity in the workplace.

Finnish engineering group Valmet said on Thursday its planned takeover of valve maker Neles could be delayed, citing regulatory processes.

Andritz has successfully started up a PrimeFlow AT headbox with dilution control at the Casalino Carta Srl. mill in Rocca Grimalda (Alessandria), Italy. The aim of the rebuild was to improve the basis weight profiles and formation of the PM1 packaging paper machine, which has a production speed of 305 to 570 m/min and a width of 2.9 m at the pope reel.

As a part of SCA's investment in a new CTMP mill in Ortviken in Sweden, PulpEye has received an order comprising two DotEye analysers, upgrading of three existing PulpEye analyser equipment and renting of a CrillEye module.

Reported insider trading since the last issue of PaperMoney.

Stora Enso will invest EUR 40 million in new technology and restructuring of its fluff pulp production site in Skutskär, Sweden. The objective is to increase cost efficiencies and further improve the site's climate footprint, thereby aligning with Stora Enso's goal to provide regenerative solutions.

Sonoco acquired Ball Metalpack for $1.35 billion in cash subject to customary adjustments, including for working capital, cash and indebtedness.

No one was hurt in a fire at the Port Townsend Paper Mill on Saturday afternoon, 22 January 2022.

A teenager was arrested on suspicion of arson after a huge fire broke out in Frogmore Paper Mill in Apsley on Saturday afternoon.

At this point, UPM does not disclose estimates of the economic impacts of the strikes or the blockade.

At this time, the Company remains subject to the Chatham Merger Agreement and is complying with the terms and conditions of the Chatham Merger Agreement, which remain in effect unless and until the Chatham Merger Agreement is terminated.

Verso Corporation announced the filing of a preliminary proxy statement for a special meeting of stockholders, at which Verso stockholders will consider and vote upon various items related to the proposed and previously announced transaction with BillerudKorsnäs AB. 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.

Crews were called to a fire at Neenah Paper in the town of Brownville early Friday morning, 21 Jan 2022.

Appvion, LLC, a portfolio company of Wynnchurch Capital, L.P., announced that it has appointed Laurie D. Andriate as Chief Executive Officer, succeeding George Wurtz upon his retirement.

The Finnish Paperworkers' Union has issued a new strike announcement to UPM, declaring that their strike at UPM's Finnish mills will be extended by two weeks until 19 February 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.

R.R. Donnelley & Sons Co. said a mystery bidder that has been circling the publishing company since at least November has raised its offer again.

Smurfit Kappa, one of the leading providers of paper-based packaging solutions in the world, has announced an investment of over USD33 million in Brazil to expand the capacity of its plant in Fortaleza to meet the growing demand for innovative and sustainable packaging.

Four fire departments responded to a fire at the ND Paper mill Tuesday morning, Jan. 18.

The cause of the fire is under investigation. There were no injuries and the fire did not cause any business interruption to the paper mill.

Rayonier Advanced Materials Inc., a global leader in the production of high purity cellulose pulp, announced the introduction of a second generation (2G) bioethanol product for Europe's fast-growing biofuels market.

Two of the country's largest pulp and paper unions, Unifor and the Public and Private Workers of Canada (PPWC), have reached a tentative deal with Canfor that establishes the pattern for Western Canadian forestry.