Recent Articles

Quad/Graphics, Inc. announced that Julie Currie has joined the Company as its new Executive Vice President & Chief Revenue Officer. Currie succeeds Renee Badura, Executive Vice President of Sales & Marketing, who will be retiring after 34 years of service to the Company.

WestRock announced that Margaret Herndon has joined the company as chief marketing officer.

Reported insider trading since the last issue of PaperMoney.

Fire crews battled a structure fire Wednesday morning, Nov. 25, at US Paper Mill.

Production at Stora Enso's Oulu paperboard mill has been partially suspended due to numerous coronavirus infections confirmed among employees at the site.

Paper Excellence Canada has announced it plans to restart the No. 3 paper machine at its Catalyst paper mill in Crofton, effective in early January 2021, which is good news for some 58 employees who will head back to work after a prolonged layoff.

Cascades Inc. announced that its Laval plant in Québec, specializing in the manufacture of napkins for the away-from-home market, will be closing on June 30, 2021.

An affiliate of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced its acquisition from LSC Communications Printing Company, Inc. ("LSC") of its former plant in Lynchburg, Virginia.

The base of SCA's new grading mill is being built. At the same time, preparations are being made for piling and other tasks to be able to complete the rest of the building.

Arjowiggins is to cut just over 70 jobs at its Stoneywood Mill in Scotland as the business, which was rescued from administration last year, battles the fallout from Covid-19.

Overheating machinery is believed to be the cause of a Thursday evening (Nov. 19) fire at the Resolute Forest Products facility on Neebing Avenue, Thunder Bay firefighters said.

A spokesperson for the City of Niagara Falls says the large industrial fire at Cascades Containerboard Packaging Company is now contained.

Following closing, the combined company will operate as West Fraser.

Nearly 100 workers will be losing their jobs at the end of the year when Schweitzer-Mauduit International closes its Main Street plant.

Canfor announced it has reached multi-year $30-million agreements with Peak Renewables involving the sale of the Company's forest tenure in the Fort Nelson region of British Columbia.

Continued talks with representatives of a company interested in perhaps acquiring the shuttered Verso paper mill in Duluth have intensified in recent weeks, drawing increased attention to the fate of the facility and the 220-plus people it employed before a shutdown was announced in late June.

With the launch of the first tambour of new PM2 at Hamburger Containerboard's location in Spremberg, Germany, a milestone in the project plan was completed this weekend.

UFP Industries announced that affiliates of UFP Construction LLC acquired the assets of three companies: Atlantic Prefab, Inc.; Exterior Designs, LLC; and Patriot Building Systems, LLC.

Georgia-Pacific, a world leader in the manufacturing of paper and wood products, has announced the completion of a $100 million expansion at its Dixie manufacturing facility in Bowling Green, Kentucky.

IT Tech Packaging, Inc., a leading manufacturer and distributor of diversified paper products in North China, announced that it has completed invitation for the 75 t/h biomass boiler procurement bids for its biomass cogeneration project and multiple well-known enterprises in the industry have been invited and participated the open bidding.

The company purchased 85,000 acres of timberlands in mid-coastal Oregon in one transaction and sold 149,000 acres in southern Oregon in a separate transaction, for a net cost of approximately $40 million in cash. The company expects no tax liability in conjunction with the sale.

Global label stock manufacturer UPM Raflatac has worked hard to quantify and build upon its sustainable manufacturing processes through its innovative Biofore Site™ program, which is now celebrating its third year.

PotlatchDeltic Corporation has completed the previously announced sale of 72,440 acres of forestland in northern and central Minnesota to The Conservation Fund for nearly $48 million.

It appears a vaccine for Covid-19 is just around the corner. You have modified your workforce habits, procedures and protocols during Covid-19. What will you institutionalize and make permanent from this experience?

The PM40 closed Friday, 27 November 2020, at 3386.

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