Recent Articles

From 2022 onwards, none of the Voith locations around the world will leave a carbon footprint going forward. With a view to implementing carbon neutrality quickly, Voith is going to switch to purchasing carbon-neutral electricity in the near future as well as offsetting unavoidable carbon emissions with compensation measures.

The ELSX rotary joint is designed to transfer steam or thermal oil into and out of rotating equipment. The new design significantly increases the reliability, durability, and overall speed and pressure capability of Kadant Johnson extended life joints.

The US Department of Energy (DOE) announced up to $3 million for projects that address barriers to modular chemical process intensification to enable development of breakthrough technologies that can boost energy productivity and energy efficiency in industries such as oil and gas, pulp and paper and chemical manufacturing.

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.

Finnish Forest Industries Federation said on Wednesday it would hold a 6-day lock-out from Dec. 12, closing half of the Nordic country's sawmills and plywood factories, aiming to put pressure on unions in halted pay negotiations.

LSC Communications, Inc. announced that it received notification from the New York Stock Exchange (NYSE) on November 20, 2019, that the Company is no longer in compliance with NYSE continued listing criteria, which require listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.

Ahlstrom-Munksjö has signed a non-binding letter of intent with the majority shareholders of Hebei Minglian New Materials Technology Co., Ltd. to acquire the company, comprising a state-of-the-art greenfield decor paper plant in the city of Xingtai, Hebei Province, China.

The Molpus Woodlands Group, LLC (Molpus) has purchased approximately 18,433 acres of timberland in east central Alabama.

A longtime Gorham Paper and Tissue employee has died from injuries he received in an accident at the paper mill four weeks ago.

The Lenzing Group officially launched construction work in Prachinburi, Thailand right on schedule to build the world's largest lyocell production plant.

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.