Recent Articles

TC Transcontinental announced that it has reached a definitive agreement to sell its paper and woven polypropylene packaging operations to Hood Packaging Corporation for a price of US$180 million (about C$239 million) subject to working capital adjustments.

Avery Dennison Corporation announced a definitive agreement to acquire Smartrac's Transponder (RFID Inlay) Division, for the purchase price of €225 million, subject to certain closing and post-closing adjustments.

McKinley Paper Co. is targeting mid-January for beginning production at its 99-year-old Ediz Hook mill with about 100 workers after nearly three years of industrial dormancy at the site and lost revenue for the city of Port Angeles.

Roseburg Forest Products is laying off about 30 employees from its Dillard plant because of a downturn in the North American plywood market.

Authorities have identified a worker who died in an accident at a woodyard adjacent to a Lowndes County paper mill.

Sonoco announced it has signed a definitive agreement to acquire Thermoform Engineered Quality, LLC, and Plastique Holdings, LTD, (together TEQ), a global manufacturer of thermoformed packaging serving healthcare, medical device and consumer markets, from ESCO Technologies, Inc. for approximately $187 million in cash.

UPM Raflatac has opened a new labelstock slitting and distribution terminal in Chelyabinsk, Russia.

Ahlstrom-Munksjö has agreed to sell its glass fiber reinforcement business in Mikkeli, Finland, to Vitrulan Composites Oy, a fully owned subsidiary of Vitrulan Group and part of the family-owned industrial holding ADCURAM Group.

Hsu, 55, succeeds Thomas J. Falk, who plans to retire from the company and the Board at the end of the year after serving as Chairman for the past 16 years.

There is a packaging and paper industry analyst whom I have known for probably 25 years or so and whose opinions I read regularly. Currently he is in (awe) (disbelief) that margins in the containerboard sector are staying so high while operating rates have reached the sub-90% levels. I think the margin support is great news.

The PM40 closed Friday, 29 November 2019, at 3285.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

Reported insider trading since the last issue of PaperMoney.

The PM40 closed 29 November 2019 down 6.7% from the 30 November 2018 level.

In this issue of Disconnected Comparisons, we evaluate Stora Enso and Universal Forest Products.

Canfor Corporation announced it will be curtailing operations at all British Columbia sawmills at the end of December.

Two water districts in Long Island, New York have sued 3M Co, E.I. DuPont De Nemours and Co. and the Chemours Co, accusing the chemical makers of contaminating their drinking water supplies with toxic substances.

Asia's pulp and paper giants - which supply materials for stationery, tissues and toilet roll - are being urged by environmentalists to follow the palm oil industry in stepping up collaboration to tackle forest loss and fires in Indonesia.

Graphic Packaging Holding Company announced the publication of its 2018 Sustainability and Social Responsibility Update Report.

Roseburg Forest Products was fined $38,400 by the Oregon Department of Environmental Quality for violating air quality standards at its plant in Dillard back in March.

Three companies being investigated by the National Environment Agency (NEA) over the 2015 haze crisis had large numbers of fire alerts on their pulpwood concessions this year, an analysis of fire alerts published on Monday (Nov 18) shows.

IT Tech Packaging, Inc. announced the commercial launch of a new tissue paper production line (the "PM9 Production Line"), following the success of its trial production, the receipt of its disposed wastewater discharge permits and construction completion acceptance from Chinese environmental authorities.

Northern Pulp and an associated company owe the province more than $85 million.

Overall Metsä Board is also in the top 1% of companies assessed by EcoVadis in the manufacture of corrugated paper and paperboard industry.

Starbucks Coffee Japan Ltd. said it will replace plastic straws with paper ones at all of its 1,500 outlets across the nation by mid-March 2020.

Sonae Arauco is now a member of the Forest Stewardship Council (FSC) International, taking another important step in its mission of creating a sustainable forest value chain.