Recent Articles

E-commerce is booming and this year several sources predict records for the Christmas online shopping.

Södra Cell is increasing the price of its northern bleached softwood kraft (NBSK) pulp in Europe to $960, effective 1 January 2021.

Paper manufacturer Steinbeis produces around 300,000 tons of recycled paper every year. But it is operating in a hotly contested market and to continue offering competitive prices and producing paper sustainably, the company is aiming for cost efficiency through digitalization - with SAP HANA.

WestRock, a leading provider of differentiated paper and packaging solutions, has been named one of 'America's Most Responsible Companies 2021' by Newsweek magazine, recognizing the company's efforts to imagine and deliver on the promise of a sustainable future.

Greif, Inc. announced it has been awarded an A- Leadership ranking for the third year in a row by CDP as part of their annual climate change assessment. CDP operates a global disclosure system for investors, companies, cities, states and regions to manage the impact they make on the environment.

Sonoco, one of the most sustainable, diversified global packaging companies, is pleased to announce it has again been named one of America's Most Responsible Companies by Newsweek. The Company also received an MSCI ESG "A" rating.

Cascades, a leader in eco-friendly recovery, hygiene and packaging solutions, is pleased to continue supporting efforts to fight effects of the pandemic.

Reported insider trading since the last issue of PaperMoney.

Closures, cutbacks and capital projects

UFP Industries announced that its Board of Directors approved an agreement for UFP Industrial, LLC, to purchase 100% of the equity of PalletOne, Inc. for approximately $232 million. This price assumes a cash-free, debt-free balance sheet. UFP also agreed to pay $18 million for PalletOne's recent capital expenditures.

In order to respond to the fast development of the retail business and egg packaging industry in Eastern and Central parts of Russia, the company is setting up a new fiber packaging manufacturing plant at its existing site in Alabuga, Tatarstan.

The investment of EUR 80 million will enhance Stora Enso's production capabilities for premium packaging board.

The new mill would add 2.2 million tonnes of annual pulp capacity to Suzano's operations.

Paper Excellence plans to invest over $13 million at its Port Alberni paper mill in British Columbia, Canada. Detailed engineering for the project will start shortly followed by procurement of needed equipment.

The Mayr-Melnhof Group has reached an agreement to acquire Kotkamills Group Oyj ("Kotkamills") from the previous owners for an enterprise value of around EUR 425 million.

Pixelle Specialty Solutions, the owner of a Jay paper mill where an April 15 industrial explosion led to layoffs of 177 employees, said it plans to continue making paper there but will not rebuild paper-making equipment that was damaged by the blast.

An employee at the Pixelle paper mill in Chillicothe fell Wednesday night on a metal pole.

Preparatory work belonging to the pre-engineering for the Kemi bioproduct mill project of Metsä Fibre continues with new preparation activities in the mill area.

This is part of the ongoing strategic development process to transition the Tasman mill in New Zealand out of standard newprint production.

The former Ponderay Newsprint Co. mill in Usk has been listed for sale at $11.5 million, following the facility's Chapter 7 bankruptcy filing and closure in June.

After a fire broke out Wednesday evening, Dec. 2, at Inland Empire Paper Co., firefighters were quickly able to contain the flames.

Amcor Flexibles North America will permanently close its Akron, Ohio-area label-making plant in March, consolidating its operations with a plant in New York and eliminating 108 jobs.

Atlas Holdings announced that it has completed its acquisition of substantially all of the assets of LSC Communications, Inc., a North American leader in print and digital media solutions.

Innovative, fully digitized processes will significantly increase the efficiency of waste paper processing and at the same time reduce the specific consumption of energy and water.

Stora Enso is investing EUR 14 million to build a granulation and packing plant for lignin, allowing easier packing and handling of lignin compared to powder and wet form.