Recent Articles

British Columbia Supreme Court Justice Shelley Fitzpatrick approved the terms of a $50-million loan to the beleaguered Pictou County mill from parent Paper Excellence Canada and Pacific Harbour North American Resources Ltd. Her ruling allows Northern Pulp to take an initial payment of $15 million to keep it afloat until the end of the year.

Leading global packaging and paper manufacturer Mondi has achieved platinum status in the EcoVadis CSR ratings in recognition of the Group's strong commitment to sustainability.

This is the first sustainability-linked loan for CMPC and the first for BNP Paribas in Latin America. It is also the first sustainability-linked loan ("RCF") in Chile with comprehensive environmental Key Performance Indicators ("KPIs").

Kruger Inc. has entered into a partnership with Pulp Moulded Products Inc. (PMP) for the supply of low-carbon footprint fibres that will enable PMP to produce a prototype of a low-cost, single-use biodegradable mask. Developed by PMP for non-frontline workers and civilians, this ecofriendly alternative will be made from KruPulp, Kruger's FDA-compliant and FSC®-certified pulp.

Menasha Corporation, parent company of Menasha Packaging, announces the publication of its tenth annual Corporate Social Responsibility Report, highlighting the company's environmental, social and governance performance during calendar year 2019 and the first half of 2020.

Made with the environment in mind, all Monadnock's fine text and cover papers are FSC® Certified (FSC C018866), manufactured carbon neutral (VERs) and made with 100% renewable Green-e certified wind-powered electricity (RECs) under a third-party certified ISO 14001 Environmental Management System.

Smurfit Kappa has announced it has been chosen to participate in an innovative energy research project on renewable energy storage. The HYFLEXPOWER project will see Smurfit Kappa's Saillat Paper Mill in France become the first plant in the world to introduce an integrated hydrogen gas turbine demonstrator.

Sonoco ThermoSafe, a subsidiary of Sonoco, is developing a vendor-neutral blockchain platform to deliver improved transparency and traceability across the pharmaceutical supply chain.

Family picnickers, backyard revelers and even road trippers just got an environmental boost. Instead of hauling plastic foam containers that increasingly are being outlawed by cities and states, there's now a cooler alternative for keeping drinks, food and products cold this outdoor season.

The coronavirus pandemic's demand-shock, brick-and-mortar store closures and stay-at-home orders have upended retail sales. As total spending declines, online spending is projected to surge by 18% in 2020, reflecting the impact of new buyers joining the online retail space as a result of the pandemic.

International Paper, one of the world's leading producers of renewable, fiber-based packaging, pulp and paper, has joined the Savannah River Clean Water Fund (Fund), a coordinated effort to permanently protect and responsibly manage forests - nature's water filter - in the Savannah River watershed.

Reported insider trading since the last issue of PaperMoney.

O-I Glass, Inc. announced it completed the sale of its Australia and New Zealand (ANZ) business unit to Visy Industries.

The Verso mill is in the process of idling this week in Wisconsin Rapids, but task force leaders say they have to continue to endeavor to find solutions for the future of the site.

UPM has begun the construction of its third nursery in Uruguay, located in Central Uruguay, about 10 kilometers from Sarandí del Yí, Durazno. The investment is approximately $25 million.

Saica Group, one of the largest and most advanced European players in the development and production of recycled paper for corrugated packaging announced it is establishing its first North American facility near Cincinnati, Ohio.

Overheating machinery is thought to be the cause of a minor fire at Sappi's Somerset Mill.

Central National Gottesman Inc. (CNG), which owns sales and distribution businesses in the global pulp, paper, tissue, packaging, wood products and metals industries, announced that its Kelly/Spicers division has acquired Northern California-based American Packaging, further expanding its packaging business throughout the Western U.S.

Government and business leaders are working to save or find a buyer for a Verso Corp. paper mill that shut down in June, laying off hundreds of workers.

Cascades Inc. announced that it will close its Etobicoke, Ontario Containerboard packaging facility as part of the strategic repositioning of its Containerboard platform in Ontario and the Corporation's continuing global optimization initiatives.

Mondi Paper Bags, part of Mondi Group, a leading global packaging and paper manufacturer, has acquired two paper bag lines from Helwan Cement Company and InterCement Sacs, two major cement producers in Egypt.

Mondi Syktyvkar has completes a major step in the modernisation of its state of the art power plant, with a capital investment of around Euro135 million.

Greif Inc. will close a Town of Tonawanda packaging manufacturing facility that the company has operated for 22 years.

Earlier this year, everything was proceeding according to plan for the Dryden Mill's spring maintenance outage. The small community of about 8,000 people located in Northwestern Ontario, Canada, was also preparing for an influx of about 500 vendors and contractors.

Sappi Europe is very pleased to report that its Alfeld site PM 3 is operational again as of the 20th of July, significantly ahead of the planned restart date. As previously reported the largest area of reconstruction focused on the machine hall with limited damage to the machine.