Recent Articles

Kemira announces a significant investment in the production of alkenyl succinic anhydride sizing agent (ASA) in China. ASA is one of the most effective and cost-efficient sizing agents for improving water-resistance in paper and packaging board.

Valmet and UPM have signed an extension of the existing maintenance operations agreement for UPM's Platting mill in Germany, for an additional three years.

Valmet will supply Valmet IQ Scanners and Valmet IQ Dilution Profiler to Xinxiang Xinya Paper Co., Ltd. in China. The systems will be installed on Xinxiang Xinya Paper's paper machine PM2 to improve production runnability and end-product quality.

Reported insider trading since the last issue of PaperMoney.

Volunteer fire departments extinguished an industrial fire at the Georgia-Pacific Paper Mill Wednesday, Sept. 1.

The latest investment is being used to expand the current Grand Rapids facility by adding an additional 55,000 square feet for manufacturing, warehousing and office space.

Resolute President and Chief Executive Officer Remi G. Lalonde was joined by Ignace mayor, Penny Lucas; Reverend Jeanne Bryan, rector at Emmanuel Anglican Church; Heidi West, executive director, Mary Berglund Community Health Centre; Heather Norhaugen, a volunteer at Northern Critters in Need; as well as fellow executives and sawmill management and employees.

Headquartered in Sylva, North Carolina, JPM specializes in the manufacturing of 100% recycled medium, corrugated sheets and digitally printed corrugated packaging.

This past Friday, Aug. 27, a Sonoco warehouse on Stults Road in South Brunswick caught fire for the second time this year. The origins of the fire are unknown at this time and are under investigation by the South Brunswick Fire Safety Bureau.

In the early morning hours of Wednesday, Aug. 18, an explosion rocked a relatively small building at Canton's Evergreen Packaging Paper Mill.

The Putnam County Fire Department ramped up to battle a sawdust fire Tuesday morning, Aug. 31, at the Georgia-Pacific facility just north of Palatka, even requesting assistance from neighboring Clay County.

Avery Dennison Corporation announced it completed the acquisition of Vestcom for the purchase price of $1.45 billion, subject to customary adjustments.

Essity has finalized its acquisition of 45.8% of the shares in Colombian hygiene company Productos Familia S.A. ("Familia"). Essity now owns 95.8% of Familia. The purchase price amounts to USD 1,540m (approximately SEK 13bn) for 100% of the company on a debt free basis. The acquisition is expected to be accretive to Essity's earnings per share from 2021.

Stora Enso has completed the union negotiations regarding the closure of pulp and paper production at Kvarnsveden. A total of 340 people will be permanently laid off.

In this newly created, standalone role, Mr. Owenby will be responsible for all Pactiv Evergreen operating functions globally, assuming the operations leadership responsibilities that Mike Ragen, Pactiv Evergreen's Chief Financial Officer (CFO), accepted in 2018.

Rayonier Advanced Materials Inc. announced that it has completed its previously announced sale of its lumber and newsprint assets (the "Purchased Assets") to GreenFirst Forest Products Inc. ("GreenFirst"), a Canadian lumber company, for a total purchase price of approximately US$235 million, subject to final adjustments.

Roseburg announced plans for a multi-million dollar investment in new technology at its Western manufacturing operations, the result of an extensive analysis of strategic business opportunities in the West. As part of the restructuring, the company will close its particleboard plant in Dillard, Oregon, and offer current team members employment opportunities elsewhere in the organization.

Thunder Bay firefighters and four pumper trucks responded Wednesday morning to what a spokesperson called a "stubborn" fire that heavily damaged a large piece of equipment in the Resolute sawmill wood yard.

The company confirmed an upcoming $17 million investment in the sawmill, a significant increase from what it initially committed to the project.

Kimberly-Clark Corporation has announced a series of executive leadership changes in support of its global business.

Smurfit Kappa announced it is investing $22 million to expand its corrugated plant in Culiacan, North-West Mexico. It demonstrates the company's continued commitment to the Mexican market with expanded capacity, capabilities and products offerings for local customers in the fresh produce segment.

Rengo announced that it was resolved at its Board of Directors' meeting that it will take over all shares for subscription of Taiko Paper Mfg., Ltd. (TPM) through third-party allocation on September 1, 2021 and make it a wholly owned subsidiary.

Conifex Timber Inc. announced that it has made the difficult decision to temporarily curtail lumber production at its Mackenzie, British Columbia sawmill for two weeks commencing August 23, 2021.

That fact that the Board continues to defend and extend the poison pill despite clear opposition from its stockholders, and over and above the objections of shareholder advisory firms, such as Institutional Shareholder Services ("ISS"), who have clearly opposed retention of the poison pill, only serves to demonstrate that the Board's interests are not aligned with those of its stockholders and fresh perspectives are sorely needed in the boardroom.

A new kraftliner production line, PM 27, which was supplied by Valmet to Klabin, was successfully started up at Puma Project in Ortigueira, Paraná, Brazil.