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Planned to start during September 2019

Ceasing LVL operations by December 31, 2018

To be operational at the end of 2018

Expects to complete the acquisition by the end of 2018

Significant damage by hurricane Michael in October

Roughly CAD40m is slated for Q4 2018

Plant currently employs more than 130 full-time employees

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 130 papermaking innovators and legends have been enshrined. This month, we profile the late Edgar J. Justus, who was inducted into the Hall of Fame in 1997.

We designate November "Innovation and Strategy Month" here at Paperitalo Publications. You will see articles on these subjects throughout our work this month. I almost said "this subject" in the last sentence, for I believe they must be linked. Innovation without a properly vetted strategy is a disaster.

The PM40 closed Friday, 2 November 2018, at 3691.

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 2 November 2018 down 7.2% from the 3 November 2017 level.

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

Reported insider trading since the last issue of PaperMoney.

Will return to full production capacity within 30 days

Pending acquisition to close on November 2, 2018

Total of nine paper machines installed from Voith

Creation of 25 new jobs

Production of Kraft Top White to start soon

Purchase price of about EUR 98 million

Consultation processes are expected to be completed in January 2019

Part of a €134 million investment in Nettingsdorf

Transaction will complete by year end

Closure to leave 100 out of work

Expects to restart in the first quarter of 2019