Recent Articles

Essity has acquired Johnson & Johnson Consumer Inc.'s professional sports tape brands Coach, Elastikon and Zonas, which are established premium products in the US market.

The Park Falls Pulp & Paper Mill, which was purchased by Maynard Industries, will go up for auction on Tuesday, Nov. 9, at 9 a.m.

Trex Company plans to develop a new multi-faceted production site in Little Rock, Arkansas.

The investment, announced in December 2019, was worth EUR 20 million.

Domtar will continue to cooperate and participate in the ongoing investigation by the Sûreté du Québec and the CNESST to determine the cause of the accident.

The first draft of a proposal to help restart idled paper mills in Wisconsin Rapids and Park Falls is being finalized.

Paper Excellence announced that its Catalyst Crofton facility will take a market curtailment of about two weeks in November 2021. The curtailment is in response to on-going global logistics challenges and will be coordinated with a previously planned maintenance shutdown of the facility's biomass power boiler.

West Fraser Timber has entered into an agreement to acquire Georgia Pacific's oriented strand board ("OSB") mill near Allendale, South Carolina for approximately $280 million. The transaction is anticipated to close following successful completion of U.S. regulatory reviews and satisfaction of customary conditions.

The White Mountain Paper Co., formerly Gorham Paper and Tissue, expects to restart tissue production this week at the Cascades mill on the banks of the Androscoggin River.

Nippon Paper Industries Co. -- touted for its high-quality "Kushiro brand" paper used for newspapers and magazines -- ended 100 years of production at its paper mill in Kushiro, Hokkaido, in September, shifting its primary business to thermal power generation.

Stora Enso is investing Euro 97 million to expand the board production at the Skoghall site in Sweden. At the same time, Stora Enso is initiating a pre-feasibility study to convert the second, currently idle, line at its Oulu site in Finland, to a packaging board line.

Dozens of jobs are coming to Catawba County in a $47 million manufacturing expansion, Gov. Roy Cooper announced.

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.