Recent Articles

Weyerhaeuser Company announced the completion of the sale of its Michigan timberlands to Lyme Great Lakes Holding LLC, an affiliate of The Lyme Timber Company LP, for approximately $300 million in cash.

Pixelle Specialty Solutions has signed a definitive purchase agreement to acquire specialty paper mills in Jay ("Androscoggin"), ME and Stevens Point, WI from Verso Corporation.

Deputies said when they arrived, they found the log truck which had gone downhill after leaving the logging road.

The new facility currently adds more than 80 workers to the existing workforce, employing a total of 179 full-time employees.

The company said it will add 350,000 tons per year of OCC pulping capacity at its Wallula, Wash. mill, which currently produces predominantly virgin linerboard and medium, materials used in containerboard production.

SIG has reached agreement to acquire Visy Cartons Pty Ltd from VisyPak Operations Pty Ltd, a subsidiary of Pratt Consolidated Holdings Pty Ltd, for AU$70m (US$48.2m), subject to customary conditions being met.

It's unclear how many jobs will be restored when Niagara Worldwide takes over.

The newly formed Willamette Falls Paper Co. quietly restarted two months ago and is now trying out new classes of paper made from pulp and agricultural waste instead of wood.

The employee consultation processes have now been completed. Paper machine 2 in Rauma will be permanently closed on 6 November 2019.

Several fire departments responded to a fire at a Louisiana-Pacific Corporation facility south of Hanceville Saturday afternoon, Nov. 2.

The Board of Directors of BillerudKorsnäs AB has appointed the current Chairman of the Board, Lennart Holm, as acting CEO from November 5, 2019. Petra Einarsson leaves as CEO with immediate effect.

The truck failed to negotiate a corner just before the bridge, which carries traffic over the Androscoggin River. The rig straddled the guardrail and its load of sawdust spilled down an embankment.

Verso Corporation announced that Michael A. Weinhold has been named President of the company, reporting to Chief Executive Officer Adam St. John, effective immediately.

The building is expected to be completed in 2023.

Enviva broke ground on new marine export terminal in the Port of Pascagoula's Bayou Casotte Harbor, Mississippi. The ceremony marks the beginning of construction of the $90 million terminal.

The consideration for the transaction, following certain customary adjustments, was approximately $38.6 million.

Sappi Limited announced that all conditions precedent relating to the acquisition of the Matane high yield hardwood pulp mill in Quebec Canada from Rayonier Advanced Materials (RYAM) have been fulfilled and closing has been completed.

Louisiana-Pacific Corporation announced the appointment of Derek Doyle to vice president, controller and chief accounting officer effective immediately.

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, more than 140 papermaking innovators and legends have been enshrined. This month, we profile Honghi Tran, who was inducted into the Hall of Fame in 2017.

The PM40 closed Friday, 15 November 2019, at 3250.

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 15 November 2019 down 10.1% from the 16 November 2018 level.

In this issue of Disconnected Comparisons, we evaluate International Paper and Sonoco.

Södra is adding another shift at its facility for cross-laminated timber in Värö and doubling capacity.

SEK 50 million will be invested in a pilot facility in Umeå. Stora Enso, Sveaskog and Holmen are co-funding the project.