Recent Articles

UPM Timber has been awarded Timber Development UK's (TDUK) Sustainability Award. The Sustainability Award recognises a company that shows leadership in push for net zero emissions. TDUK is the largest, most comprehensive supply chain body for timber in the UK, with a mission to unite the supply chain, from sawmill to specifier, and to support a sustainable, net zero timber industry.

Rottneros continues to sell emission allowances. In addition to the sales in September, which the Group reported on in the report for the Q3 2024, emission allowances for SEK 44 million ($4 million) have so far been sold in the Q4.

Ahlstrom, a global leader in fiber-based specialty materials, is proud to announce that its near and long-term science-based emissions reduction targets have been approved, and net-zero science-based target by 2050 has been verified by the Science Based Targets initiative (SBTi).

A range of energy efficiency measures are contributing to progress towards achieving 2030 emission reduction targets.

Ahlstrom, a global leader in fiber-based specialty materials, has joined the World Business Council for Sustainable Development (WBCSD), a global organization committed to accelerating the transition to a sustainable world.

Company invests in additional manufacturing lines, introduces new unpadded mailer styles.

Sappi North America is pleased to announce that Sappi Limited has been ranked 7th globally and is one of only four South African firms recognized in the 2024 list of World's Top Companies for Women by Forbes Magazine and Statista.

Reported insider trading since the last issue of PaperMoney.

​Marco Hilty, President, Flexible Packaging, and member of the Huhtamaki Global Executive Team, has decided to leave Huhtamaki for personal reasons. Marco's last day with Huhtamaki will be January 31, 2025. The process to appoint Marco's successor has been initiated.

Completion of the Sale Accelerates Transformation into a Premier Independent Supplier of Paperboard to North American Converters and Significantly Reduces the Company's Net Debt.

In total, 526 hourly employees and 148 salaried employees will be impacted.

Mika Kekki has been appointed Executive Vice President of UPM Specialty Papers as of 1 January 2025. He will continue to be a member of UPM's Group Executive Team and report to UPM's CEO Massimo Reynaudo.

Stora Enso secures wood supply for its Oulu packaging board site by acquiring Finnish sawmill company Junnikkala Oy. The acquisition, valued up to Euro 137 million, aims to ensure cost-efficient wood sourcing and bolster Stora Enso's wood products segment. Closing conditions include regulatory approvals, with completion expected by mid-2025.

​Metsä Board Corporation has initiated change negotiations regarding potential temporary layoffs at its paperboard and BCTMP mills in Finland. These talks will impact approximately 1,100 employees across seven mills: Joutseno, Kaskinen, Kemi, Kyro, Tampere, Simpele, and Äänekoski.

The company's announcement on Iowa's Worker Adjustment and Retraining Notification, or WARN, website states the Waukee facility will shut down Jan. 10, idling 88 workers.

Rayonier Advanced Materials Inc., a leader in High Purity Cellulose, today announced that its Jesup, Georgia facility has fully resumed operations ahead of schedule, following an isolated fire on October 11. All production lines have returned to producing on-grade material at full capacity.

Following the fire at Mondi's Stambolijski mill (Bulgaria) on Tuesday 24 September 2024, the Group has announced that it will permanently close the mill.

Paper Excellence Group announced the operational integration of the recently acquired Domtar Corporation (and other legal entities) and Resolute Forest Products with the legacy Paper Excellence business, forming a leading, unified forest products company in North America. This integration represents a strategic alignment of the companies' strengths, resources and expertise, creating a stronger organization poised for future growth and innovation, while maintaining the highest levels of environmental stewardship. Together, the companies will now be doing business as Domtar.

Metsä Group marked the inauguration of the bioproduct mill in Kemi on Wednesday, 23 October 2024. The mill was inaugurated by President of Finland Alexander Stubb, chair of Metsäliitto Cooperative's Board of Directors Jussi Linnaranta, and President and CEO of Metsä Group Ilkka Hämälä.

International Paper Co. plans to close its Cleveland, Tennessee, production plant after 61 years and cut 115 jobs, according to a filing with the state.

Stora Enso is of the view that the value in own use of the assets exceeds the achievable transaction value, and has therefore chosen to retain these operations within the Group.

International Paper will shut down its container facility in Statesville, resulting in the loss of 74 jobs, according to a filing with the N.C. Department of Commerce.

The project would create over 400 new jobs and increase the UK's self-sufficiency in this market by 30 percent.

KP Tissue Inc. and Kruger Products Inc., Canada's leading tissue products manufacturer, are pleased to announce the completion of the construction of a new plant on a site adjacent to the existing Sherbrooke TAD facility and the successful start-up of their new double-width light dry crepe (LDC) tissue machine with a capacity of 60,000 metric tons.

International Paper says it plans to close its facility in Kansas City, Missouri, but did not say how many employees would be impacted.