Recent Articles

Stora Enso has completed the co-determination negotiations concerning the closure of one standard newsprint paper machine (PM3) and the deinking plant at Stora Enso's Hylte Mill in Sweden. The maximum personnel impact is 140 people.

International Paper announced that it completed the previously disclosed sale of its Brazilian corrugated packaging business to Klabin S.A. The business has three containerboard mills and four box plants.

An investigation is ongoing following the death of a worker at a Hinton, Alta. pulp mill on Monday, Oct. 5 that prompted a stop work order for a scaffolding contractor.

Stora Enso's paper machines in Oulu, Finland have now ceased production. When Stora Enso announced the investment for Oulu Mill conversion, it promised to provide WFC papers to customers until the end of 2020 with deliveries to continue through Lumipaper NV and Lumipaper Ltd.

The deal, expected to close in November, will see Spokane-based PotlatchDeltic sell the land to The Conservation Fund for $48 million.

Sonoco announced it has signed an agreement to sell its Europe contract packaging business to Prairie Industries Holdings, a Wisconsin-based contract packaging and contract manufacturing firm backed by The Halifax Group, a Washington, D.C.-based global investment firm, for $120 million in cash.

Holmen signed an agreement to purchase Martinsons over the summer and 1 October marked the formal change of ownership. To celebrate the occasion, a key handover ceremony took place at the sawmill in Bygdsiljum, which will now become one of the largest in the Holmen Group.

Norske Skog has announced to employees and stakeholders in New Zealand that due to the likely irreversible and rapid negative impact that COVID-19 has had on the newsprint industry in the region, the group has engaged in a broad process to identify alternative production options to reposition the Tasman newsprint mill at Kawerau industrial site in New Zealand.

Cascades Inc. announced that it will progressively and permanently close tissue production and converting operations at its Ransom and Pittston plants, located in Pennsylvania, between December 7 and January 31st of 2021.

The total cost of the Bear Island conversion will be about $380 million, which includes the initial $35 million acquisition cost paid to White Birch Paper in 2018.

UPM celebrated the official start of the construction of the state-of-the-art biochemicals facility in Leuna, Germany. The biorefinery investment of EUR 550 million is a major milestone in UPM's strategic transformation.

WestRock Company announced that it plans to reduce its solid bleached sulphate (SBS) mill system production capacity by 200,000 tons by shutting down one paper machine at its Evadale, Texas, mill.

P. H. Glatfelter Company is changing the name of its parent company to Glatfelter Corporation. In addition, the company completed the construction of its previously announced new Corporate Headquarters in Charlotte, North Carolina.

Commercial Development Company, Inc. (CDC) has acquired the former WestRock retired paper manufacturing facility in Newberg, Oregon. The site was acquired by CDC affiliate Newberg OR LLC. The transaction included the acquisition of real estate assets and a corporate indemnification for legacy environmental liabilities associated with the site. CDC and affiliates will now oversee the sale of equipment and demolition of the buildings.

A subsidiary of United States-based International Paper (IP) has filed a notice posted to a Turkish investment oversight agency website indicating it is considering options to sell the stake it holds in Turkey-based Olmuksan International Paper Ambalaj Sanayi ve Ticaret Anonim Şirketi. That company operates containerboard mills and downstream corrugating plants in Turkey.

The $360 million facility is the company's second greenfield investment in the United States and can turn out 120,000 tons of tissue per year.

PaperWorks is investing $25 million in additional new, state-of-the-art equipment to enhance its North American capacity and innovation capabilities. The equipment will be installed at the company's Baldwinsville, New York converting facility.

As a result of the weakening world economic outlook as well as the COVID-19 related restrictive measures and their consequences, the uncertainty in UPM's market environment continues. To ensure future competitiveness, UPM keeps taking action to decrease fixed and variable costs in its businesses and functions.

The plan would generate over $600,000 in tax revenue.

This involves the scheduling of employee and contractor support, as well as creating a work scope and major footprint of the activities critical to ensure resources are in place in a safe, timely, and cost-effective manner.

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, more than 140 papermaking innovators and legends have been enshrined. This month, we profile the late Niilo Hakkarainen, who was inducted into the Hall of Fame in 2016.

The PM40 closed Friday, 16 October 2020, at 3129.

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 16 October 2020 up 4.7% from the 18 October 2019 level.

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

Amcor is proud to be joining a new call for a UN treaty on plastic waste, following a recent report from Boston Consulting Group, World Wildlife Foundation and Ellen MacArthur Foundation.