Recent Articles

Researchers: Recycled paper could cool buildings without electricity

Reported insider trading since the last issue of PaperMoney.

DS Smith Plc. announced Friday the proposed sale of its De Hoop paper mill in the Netherlands to De Jong Packaging for 50 million euros or about 43 million pounds in cash.

After a period of time to ramp up production, the machine is expected to resume full operation in January 2022, allowing Domtar to add 185,000 tons of uncoated freesheet capacity to its manufacturing network.

The unfortunate incidents of civil unrest, violence and criminal activity which are being widely reported through news channels are also impacting Sappi's South African operations.

Verso Corporation confirmed that it has received an unsolicited proposal from Atlas Holdings LLC regarding a potential transaction to acquire all outstanding shares of Class A common stock of Verso for $20.00 per share in cash.

Atlas Holdings LLC, in a filing with the Securities and Exchange Commission said the company is offering $20 per share for Verso's outstanding stock shares, buying out Verso entirely. The estimated value of the company is $866 million, according to Atlas Holdings.

Interfor Corporation has completed the previously announced transaction to acquire four sawmill operations from Georgia-Pacific, located in Bay Springs, Mississippi; Fayette, Alabama; DeQuincy, Louisiana and Philomath, Oregon.

Paper Excellence, a global diversified manufacturer of pulp and specialty, printing, writing, and packaging papers, announced that Paper Excellence and its subsidiaries ("Paper Excellence") have received a debt commitment letter from leading financial institutions for the commitment of an aggregate of $1.95 billion of financing.

Truvant, a global provider of high quality, scalable packaging and display solutions, recently opened a new facility in Indianapolis, Indiana. The latest expansion supports the growing Truvant company portfolio and increases its operational footprint to 15 facilities around the world.

Sonoco provided a progress report on Project Horizon, its $115 million investment to transform its corrugated medium machine in Hartsville, S.C. to a state-of-the-art uncoated recycled paperboard operation with annual production capacity of 180,000 tons.

Mayr-Melnhof Packaging is investing around Euro 35 million in Neupack Polska and expanding the site with a focus on e-commerce and high-quality fine corrugated cardboard (microflute).

On Friday, July 2 at around 10:45 p.m., Friendly Fire Department was dispatched to the West Fraser lumber mill.

Roseburg Forest Products will expand its operations in the southeastern United States with the construction of a high-capacity lumber mill in the town of Weldon, N.C. Gov. Roy Cooper announced the project at a joint news conference with officials representing Roseburg, the state of North Carolina, Halifax County and the Town of Weldon.

Paperboard production at the Metsä Board Husum mill has resumed to normal production levels following a fire at the pulp mill's wood chip conveyor on 18 June.

Over the next three years, the number of employees in the Södra Building Systems business segment will be doubled.

Weyerhaeuser Company announced the completion of the sale of 145,000 acres of timberlands in the North Cascades region of Washington to Hampton Resources for $266 million.

PotlatchDeltic Corporation announced the appointment of Ashlee Cribb as Vice President, Wood Products effective July 28. Ashlee succeeds Tom Temple, who will be retiring later this year.

Marco Hilty, (49), Ph.D. in Business Administration from University of St. Gallen (Switzerland), has been appointed President, Flexible Packaging and a member of the Global Executive Team at Huhtamaki as of September 1, 2021. He will report to President and CEO Charles Héaulmé and will be based in Ronsberg, Germany.

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 the late Chester Floyd Carlson, who was inducted into the Hall of Fame in 2011.

The PM40 closed Friday, 16 July 2021, at 4093.

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 16 July 2021 up 75.7% from the 17 July 2020 level.

In this issue of Disconnected Comparisons, we evaluate Louisiana Pacific and Verso.

Hygiene and health company Essity presents new and updated sustainability targets including a commitment to develop targets to reach net-zero greenhouse gas emissions by 2050 at the latest. This includes raising the ambition level of Essity's current Science Based Targets. Other updated targets include sustainable innovations, occupational safety and responsible sourcing.

International Paper has released its 2020 Global Citizenship Report. One of the world's leading producers of fiber-based packaging, pulp and paper, the company shares the final progress it made against its 2020 goals and outlines its approach to sustainability across its value chain.