Recent Articles

Huhtamaki is pleased to announce the commencement of smooth molded fiber (SMF) production at Huhtamaki's existing molded fiber facility in Lurgan, Northern Ireland. This expansion marks an important step in Huhtamaki's ongoing commitment to meeting the growing demand for sustainable packaging solutions.

Interfor Corp. is selling its three manufacturing facilities in Quebec and closing its corporate office in Montreal as the lumber producer plans to leave the province and focus on other parts of the company.

According to state filings, the employees were notified on Oct. 10 of the closure and were informed layoffs will take place on Nov. 18.

John Baird, Chairman of Canfor Pulp Products Inc. Board of Directors announced that Stephen Mackie has been appointed President and Chief Executive Officer of Canfor Pulp effective November 1, 2024.

International Paper confirmed Wednesday the company will cut about 650 total positions, including around 400 in Memphis. The company said it will provide severance packages, outplacement assistance and mental health resources to all affected employees.

Stora Enso confirmed that it postponed its weekly supplier payments for a one-week period in both June and September 2024.

This 30,000-square-foot facility extends service to Eastern Canadian customers and complements an existing network of three factories and two other terminals that collectively service North America-based customers.

Cascades Inc. announces organizational changes designed to support the Company's strategic growth by strengthening alignment, increasing agility, improving execution and accelerating decision making within the organization. These changes will take effect on November 11.

​Suzano S.A. has announced the resignation of its Executive Vice President of Finance and Investor Relations, Marcelo Feriozzi Bacci, effective November 30, 2024.

Quad/Graphics, Inc., a global marketing experience (MX) company, announced that it has entered into a definitive agreement to sell the majority of its European operations for €41 million (approximately $45 million) to Germany-based entrepreneurial private capital investment manager Capmont GmbH.

The marketing, sales and purchasing game has more dance steps than the latest Argentine Tango. It is this way because there are humans involved and they all come from different backgrounds. For clarification, here I am talking about the purchasing initiated by major pulp and paper companies, not the selling of their products.

The PM40 closed Friday, 1 November 2024, at 5830.

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 1 November 2024 up 17.5% from the 3 November 2023 level.

In this issue of Disconnected Comparisons, we evaluate Mativ and Kimberly-Clark.

"As we look forward to the combination with DS Smith, we expect the transaction will close early in the Q1 2025."

The company's bottom line totaled $51 million, or $0.51 per share. This compares with $131 million, or $1.32 per share, in last year's third quarter.

The decline was driven by a $109 million impact from the divestiture of the Augusta, Georgia, bleached paperboard manufacturing facility and reduced open market sales participation, and a $35 million net decline in sales from packaging operations, where price declines were partially offset by volume growth.

U.S. containerboard production in Q3 2024 increased 3% compared to Q3 2023. It was up 6% when compared to the same nine months of 2023, according to the American Forest & Paper Association (AF&PA).

PotlatchDeltic Corporation reported net income of $3.3 million, or $0.04 per diluted share, on revenues of $255.1 million for the quarter ended September 30, 2024.

UPM-Kymmene Corporation posted a 32% increase in comparable EBIT for Q3 2024, reaching Euro 291 million, despite a 2% drop in sales to Euro 2,521 million from Euro 2,584 million in the same quarter last year.

UFP Industries, Inc. (UFPI) announced Q3 2024 results including net sales of $1.65 billion, net earnings attributable to controlling interest of $100 million, and earnings per diluted share of $1.64.

The benefits for Metsä Group's contract customers will get even better when Metsä Group reforms its price guarantee method for wood trade, making it more transparent.

Canfor Corporation recorded an operating loss of $560 million in the third quarter of 2024, reflecting intensified challenges across its lumber and pulp segments.

Weyerhaeuser Company reported Q3 net earnings of $28 million, or 4 cents per diluted share, on net sales of $1.7 billion. This compares with net earnings of $239 million, or 33 cents per diluted share, on net sales of $2.0 billion for the same period last year and net earnings of $173 million for Q2 2024.

In the third quarter of 2024, net sales for the Södra Group amounted to SEK 6,944 million (6,545), up 6 percent compared with the year-earlier period. Operating profit totalled SEK 937 million (410), representing an operating margin of 13 percent (6). Return on capital employed was 10 percent (12) and the equity ratio was 61 percent.