Recent Articles

DIC Corporation has closed on the acquisition of BASF's global pigments business, known as BASF Colors & Effects (BCE).

Quad/Graphics, Inc. announced that it has sold its QuadExpress third-party logistics (3PL) business for $40 million to Mullen Group Ltd., one of Canada's largest logistics providers. QuadExpress joins Mullen Group's network of independently operated businesses that provide a broad range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized and specialized hauling transportation.

Tetra Pak has announced an ambitious investment program dedicated to its factory in Châteaubriant, specialised in the production of caps. Spanning across a three-year period (late 2021-2023), this €100 million project will support the plant's transition to the production of tethered caps by 2024. Tethered caps help to minimise litter, as the cap will stay attached to the package.

The White Mountain Paper Co.'s stabilization plan includes demolishing 40 percent of its buildings' shells and removing 25 percent of what's inside them.

SEK 6.4 million. That is the additional amount that the Södra Foundation for Research, Development and Education is contributing to research projects in forest management and the forest industry. The largest initiatives focus on mixed coniferous stands in southern Sweden and renewable fuels.

Stora Enso has completed the installation of dispersion barrier technology at its Forshaga site in Sweden and production has now started. Completion of the installation follows the company's EUR 10 million investment announced in 2020. The installation was carried out on time and the production of new products will be ramped up during the coming months.

Morrison spent 18 years at Cox Enterprises, a leading communications, media and automotive services company, where he retired as Senior Vice President and Chief Information Officer in January 2020.

Metsä Spring has appointed Mikko Himanen as Process Specialist. In this new position he is working for the project focused on developing new 3D fibre products and production technology. Mr. Himanen reports to Metsä Spring's Technology Manager Veli-Matti Hulkko.

D.Sc. (Tech.), Maija Pohjakallio is appointed Metsä Group's VP, Climate and Circular Economy as of 1 August 2021. She reports to Jari Voutilainen, SVP Corporate Affairs.

Canfor Corporation and Canfor Pulp Products Inc. are pleased to announce the appointment of the companies' newest board member, Sandra Stuart.

Quad/Graphics Inc. has announced the appointment of Josh Golden as Chief Marketing Officer effective July 5, 2021. Golden most recently served as president and publisher of the advertising and marketing trade magazine Ad Age.

Nothing was normal about last year. We all know this. Nothing is normal so far about this year. All indications are that all businesses, including the pulp and paper industry, are not returning to "business as normal."

The PM40 closed Friday, 2 July 2021, at 4205.

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 2 July 2021 up 75.7% from the 3 July 2020 level.

In this issue of Disconnected Comparisons, we evaluate Kimberly-Clark and Graphic Packaging.

Kimberly-Clark has published its annual report on sustainability, providing the first update on the company's global progress toward its 2030 sustainability strategy and goals, aimed at addressing the social and environmental challenges of the next decade with commitments to improve the lives and well-being of 1 billion people in underserved communities around the world with the smallest environmental footprint.

The innovative MailerBAG is now available in three designs, with the flat bottom version complementing the existing range of pinch and folded bottom bags, as each one offers consumers user-friendly packaging with multiple advantages.

Georgia-Pacific has opened a processing unit to recover fiber from particularly contaminated streams that would otherwise be landfilled.

Smurfit Kappa has announced the opening of a new International Safe Transfer Association (ISTA) certified lab at its new eCommerce packaging facility in Northampton, UK. This brings with it an expansion of Smurfit Kappa's network of packaging testing labs and centres that support retailers and producers to develop, test and launch disruptive packaging solutions for eCommerce at minimal risk and with reliable implementation. ISTA certification is often required by online selling platforms such as Amazon, Alibaba or eBay.

A new investment in Södra's pulp mill at Mörrum will achieve a tenfold increase in Södra's production capacity, while also increasing the proportion of recycled textile in the pulp./span>

International Paper Company announced the early tender results as of 5:00 p.m., New York City time, on June 18, 2021 (the "Early Tender Deadline") for its previously announced cash tender offer (the "Offer") for up to $700 million aggregate purchase price (excluding Accrued Interest (as defined below) and excluding fees and expenses related to the Offer) (the "Aggregate Maximum Amount") of its outstanding 4.400% Notes due 2047 (the "4.400% Notes"), 4.350% Notes due 2048 (the "4.350% Notes"), 4.80% Notes due 2044 (the "4.80% Notes") and 5.000% Notes due 2035 (the "5.000% Notes" and, together with the 4.400% Notes, the 4.350% Notes and the 4.80% Notes, the "Notes").

Sonoco announced it is expanding recovery and recycling of scrap materials from the production of its iconic EnviroCan™ paper containers in the U.S. to be used as raw material at three of its uncoated recycled paperboard mills to produce new paperboard.

Amcor announced its support for the launch of the U.S. Plastics Pact's Roadmap to 2025, an aggressive national strategy for how the U.S. Pact, Amcor and other signatory organizations - known as Activators - will achieve four 2025 targets.

SOSA, the global open innovation company, announces a partnership with Klabin, Brazil's largest producer and exporter of packaging paper, the only company in the country to offer one-stop shop solutions in hardwood, softwood and fluff pulp, and the leader in the corrugated board packaging and industrial bags markets. The partnership will involve Klabin partnering with SOSA and CNI, the National Confederation of Industry - Brazil, in order to accelerate and diversify their bio-based products towards a renewable future.

Sonoco announced it has entered into a new five-year $750 million revolving credit facility (the "Credit Agreement") with a syndicate of banks. The Credit Agreement replaces an existing credit facility entered into on July 20, 2017, and reflects substantially the same terms and conditions.