Recent Articles

The BC Coroners Service is investigating a death that occurred on Oct. 15 at a Kamloops workplace.

UPM has sold the Kaipola mill site in Jämsä, Finland, to Kaipola Green Port Oy. Kaipola Green Port is a real estate development company owned by Finnish private citizens.

Glatfelter Corporation, a leading global supplier of engineered materials, today announced it has completed the previously disclosed acquisition of Jacob Holm for aggregate consideration of approximately $302 million including the extinguishment of Jacob Holm's existing debt and other adjustments. This transaction was funded through a new $500 million senior unsecured notes issuance.

Cascades inc. announces that it has completed the sale of its 57.6% equity stake in Reno De Medici S.p.A. ("Reno de Medici", or "RDM Group"), previously announced July 5, 2021, to a subsidiary of funds managed by subsidiaries of Apollo Global Management, Inc. for an all-cash price of €1.45 per share corresponding to a total cash consideration of approximately €315.3 million (approximately CAN$ 461 million, before transaction related fees).

WestRock Company, a leading provider of differentiated paper and packaging solutions, announced that Ward Dickson will retire as executive vice president and chief financial officer, effective November 30, 2021. In addition, the company announced Alexander (Alex) Pease will succeed Dickson as WestRock's executive vice president and chief financial officer.

Essity has decided on new business areas from January 1, 2022. The business areas will be Health & Medical, Consumer Goods and Professional Hygiene. As a consequence of its higher growth ambitions, Essity has also decided on a new sales growth target of more than 5%, which includes both organic sales growth and acquisitions.

Pregis, a leading global manufacturer of protective packaging, celebrated production start-up at its new $80 million blown film extrusion facility in Anderson, South Carolina with a ribbon cutting attended by Governor Henry McMaster and industry partners.

There is a dangerous movement going on in major capital projects in North America these days.

The PM40 closed Friday, 29 October 2021, at 4381.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

The PM40 closed 29 October 2021 up 47.9% from the 30 October 2020 level.

In this issue of Disconnected Comparisons, we evaluate PCA and Sonoco.

Rottneros is partnering with KAPSU, a startup company within the beverage industry, based in Karlstad, to develop and produce a new plastic-free beverage solution. The new container will be made of 100% fiber from local certified forests.

Ron Van Den Heuvel, 67, is serving a 90-month sentence in federal prison for fraud stemming from his operation of Green Box, a business that he pitched to investors as a way to convert food-contaminated waste into reusable paper and plastic products.

Mercer International Inc. is proud to announce that President and CEO, David Gandossi, has been announced as the CEO of the Year during the prestigious 2021 Canada's Safest Employer Awards ceremony (CSEA). Mercer was nominated in two outstanding categories: President and CEO, David Gandossi as CEO of the Year, and Mercer Celgar for Canada's Safest Manufacturing Employer.

Stora Enso has introduced the newest addition to its NaturaFluff pulp product portfolio, NaturaFluff Eco by Stora Enso. NaturaFluff Eco is a new fluff pulp grade with a lower carbon footprint, enabling producers of hygiene products - such as baby diapers, incontinence pads and feminine care - to offer consumers a new generation of environmentally friendly, absorbent hygiene products.

Stora Enso's ambition is to offer 100% regenerative products and solutions by 2050. By adopting a regenerative stance, Stora Enso is shifting its sustainability goals from minimizing negative environmental impact to becoming a net positive contributor within the defined focus areas of climate, circularity and biodiversity by 2050.

Rottneros and Arctic Paper have signed a Letter of Intent regarding a 50/50 joint venture in Kostrzyn, Poland with the aim of building a moulded fiber tray facility. The start-up of the new facility is planned for the end of 2023. The investment is expected to amount to 12-15 MEUR, corresponding to approximately 120-150 MSEK.

Suzano's goal to remove 40 million tons of carbon from the air by 2030 has been brought forward by five years to 2025.

The owner of a Terrace Bay pulp and paper mill has been fined for violating Ontario's occupational health and safety rules over a 2019 incident in which a worker became caught in a pulp machine.

Northern Pulp is once again signalling legal action against the Nova Scotia government over what it says amounts to $450 million in losses it incurred by the closure of the Pictou County pulp mill.

From 2022 onwards, Metsä Group will review the herb-rich forests in forests owned by owner-members and intensify its guidance for the management of herb-rich forests. These measures will supplement the Metsä Group ecological sustainability programme, which was started in 2020 and is implemented in commercial forests.

Construction is already underway on the new heat extraction plant, which is a joint venture with Bioenergie Group. The project is a further example of how Smurfit Kappa works with local communities to minimise waste and find uses for by-products.

The provincial trust fund for forestry innovation is betting big on a project that aims to prove the economic viability of a more sustainable approach to managing Nova Scotia's woods.

KBX Logistics (a subsidiary of KBX) and Georgia-Pacific - affiliates of Koch Industries, Inc. - each received SmartWay® Excellence Awards from the United States Environmental Protection Agency (EPA) for outstanding environmental performance and leadership in their supply chain operations.