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The agreement was announced on April 9. All necessary approval and closing procedures and conditions have been satisfied. With four new facilities, Sofidel further strengthens its production footprint in the North American market, which today accounts for 50% of the Group's total revenue.

One person died and five others sustained injuries after a reactor burst at a factory in Kamptee, around 17 kilometres from Nagpur city, on Tuesday, June 17.

Metsä Board ended board production at its Tako mill in Tampere, Finland, on June 17 after shutting down board machine BM1. The closure removed 210,000 tonnes of folding boxboard capacity--about 13% of the company's total--and followed change negotiations announced in March as part of efforts to improve profitability and cost competitiveness, according to Metsä Board Corporation.

As I write this, it is all downhill from here. At least in the Northern Hemisphere--the summer solstice has come and gone, and days are getting shorter. Our Southern Hemisphere friends can look forward to winter and spring. From a business standpoint, we have met this year with some fear and trepidation. After the tariff scare of April, the stock market seems to be recovering. The pulp and paper industry seems to be a bit behind this.

The PM40 closed Friday, 27 June 2025, at 5207.

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 27 June 2025 down 4.5% from the 28 June 2024 level.

In this issue of Disconnected Comparisons, we evaluate Rayonier and UPM Kymmene.

Nordic Paper has entered into an agreement with a syndicate of financial institutions on a long term senior secured financing to Nordic Paper in the form of a Euro 275 million term loan B and a revolving credit facility of Euro 65 million.

Salico, founded in 1978, manufactures advanced finishing equipment for metal flat strip processing.

Voith announces a rebuild agreement with GDT Paper Joint Stock Company in Vietnam.

This marks a repeat order for Toscotec, following the successful start-up of a tissue machine at GrandBay's Guatemala site in 2023.

The combined company will unite complementary business models to further solidify Solenis' position as a global leader for water and hygiene solutions.

The settlement requires Domtar to remove the PFAS-contaminated sludge from the site and dispose of it in a licensed landfill. Domtar will also be required to investigate the presence of PFAs in the sediment in surface water at the site, and pay $300,000 to the Michigan Department of Environment, Great Lakes, and Energy to help clear the site of PFAS.

In collaboration with the AI company Terra Labs, Södra is now launching an initiative to ensure that members have continuous access to regularly updated insights about their forests. Broad knowledge of forest owners' needs is being combined with AI, automated data, and new working methods to provide members with the best possible decision-making support regarding their forest.

Rayonier Advanced Materials Inc., the global leader in High Purity Cellulose, and Verso Energy announced the signing of a new Memorandum of Understanding (MoU) to deepen their strategic collaboration. The agreement represents a major step forward in evaluating the development of a breakthrough facility in Jesup, Georgia, to produce electro Sustainable Aviation Fuel (e-SAF) and valorize biogenic carbon dioxide from RYAM's manufacturing operations.

With the goal of strengthening the forest's role in climate transition, Södra's Research Foundation is investing SEK 8.75 million in seven research projects. The projects range from soil and growing forests to innovative solutions contributing to the green transition.

Ahlstrom's Thilmany facility, an over-100-year-old paper mill, received Focus on Energy's Energy Efficiency Excellence Award for 2025, with the program celebrating the plant's achievements over the last eight years.

Delivery driver claims he was deformed after incident involving caustic soda.

TFL 3 is located within the Selkirk Natural Resource District, about 40 kilometres north of Castlegar, near Slocan, Canada.

Stora Enso and Metsähallitus Parks & Wildlife Finland announced the start of a cooperation to protect the highly endangered freshwater pearl mussel in Finland. During the almost six-year contract period, mussel habitats will be mapped, inventoried and restored, watercourses will be restored and managed, and information system data will be improved. Stora Enso will finance the programme with Euro 1.1 million by the end of 2030.

The Trump Administration's executive orders cut across dozens of industries. This searchable tool breaks down the orders and their impact.

ProAmpac, a leading global flexible packaging company, announced that it has partnered with Western Michigan University to Advance Fiber Packaging Innovation.

The layoffs are effective Aug. 10.

Western Forest Products says the curtailment is due to a "shortage of economically viable logs that fit the mill and market conditions."

Antalis signs a binding agreement to acquire Club Groupe, a recognized French player in the Visual Communication sector, thereby strengthening its strategic position in the national market.