Recent Articles

Weyerhaeuser Company announced an agreement to sell its 630,000 acres of timberland in Montana to a private timberland investment company for $145 million in cash.

Canfor has terminated an arrangement agreement between the company and Jim Pattison's Great Pacific Capital Corporation.

New-Indy Containerboard, a manufacturer and supplier of recycled containerboard for the corrugated box industry, plans to invest $240 million to establish operations at a recently-acquired pulp and paper mill facility in Catawba, South Carolina.

Fortress Global Enterprises Inc. announces that its senior secured lenders have filed an application with the Superior Court of Québec to commence restructuring proceedings in respect of the Company and certain of its material subsidiaries under the Companies' Creditors Arrangement Act ("CCAA"). Deloitte Restructuring Inc. (the "Monitor") is proposed to be appointed as monitor. Details of the CCAA filing and related matters will soon be available on the Monitor's website.

Atlas and Blue Wolf have also sent a letter to stockholders outlining their significant concerns regarding the business performance and governance of Verso and why they believe the election of their three highly-qualified nominees to the Board of Directors of Verso (the "Board") is necessary to ensure that the Company is run in the best interests of all stockholders.

Ahlstrom-Munksjö has completed the sale of 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.

Verso Corporation announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission ("SEC") in connection the Company's upcoming 2019 Annual Meeting of Stockholders (the "Annual Meeting"), scheduled for January 31, 2020.

Clearwater Paper and the United Steelworkers Local 712 have reached a tentative agreement that will next go to union members, who will vote to ratify or reject the contract early this month.

An attorney for Southern Pine Plantation said the timberland investment company is buying the land and has no plans to change Weyerhaeuser's long-standing practices related to public access, forest management, grazing, existing outfitting agreements and conservation easements.

Members of the United Steelworkers (USW) union approved a new four-year master agreement with WestRock that sets standards for wages, benefits and working conditions for more than 9,400 union workers at 62 facilities across 26 U.S. states.

Forisk Consulting, a leader in North American forest industry and timber market research, has acquired the North American Wood Fiber Review from Wood Resources International of Bothell, Washington.

The investment value is EUR 20 million and the new machinery is scheduled to start up during autumn 2021. The annual production capacity of Metsä Board Kyro mill is 190,000 tonnes.

The annual net sales of the acquired business is approximately EUR 40 million and it employs altogether approximately 460 people.

Sappi North America, Inc. announced the promotion of Tom Radovich to Managing Director of Sappi North America's Cloquet Mill in Minnesota, effective as of Dec. 1, 2019.

Good question...

The PM40 closed Friday, 3 January 2020, at 3174.

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 3 January 2020 up 3.6% from the 4 January 2019 level.

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

Sources say that two people were shot and killed near the facility and that a suspect is in custody.

LSC Communications, Inc. announced that it received notification from the New York Stock Exchange that the NYSE has determined to commence proceedings to delist the Company's common stock from the NYSE and that trading in the Common Stock on the NYSE has been suspended, effective immediately.

Layoff notices were handed out to employees at Northern Pulp in preparation for the closure of the company's mill on Jan. 31, 2020.

The Oregon Department of Environmental Quality levied fines last month totaling $27,106 against the Georgia-Pacific Pulp and Paper Mill in Toledo regarding three separate incidents -- two involving unexpected releases from the mill's wastewater treatment system and one involving a lab testing issue.

The Lenzing Group and Duratex will build a 500,000 tons dissolving wood pulp plant in the State of Minas Gerais, Brazil. The start-up is planned for the first half of 2022.

Huhtamaki has agreed to acquire full ownership of its joint venture company Laminor S.A. in Brazil. Laminor is specialized in high-quality tube laminates, particularly for oral care applications, and was set up in 2002 as a 50/50 joint venture together with Bemis Company, which is now part of Amcor.

Nova Scotia Premier Stephen McNeil has rejected a pulp mill's plea for a deadline extension that would have allowed it to continue dumping wastewater near a First Nation after Jan. 31.