Recent Articles

Cascades is pleased to announce that its 60th anniversary mural project at its Kingsey Falls plant is now complete. The work was conceived and painted by Sherbrooke muralist Nicolas Lareau.

Metsä Group's pulp and sawmill business has once again achieved EcoVadis's highest level of recognition, the Platinum rating, for its sustainability efforts. Since 2019, Metsä Fibre has consistently been among the top one percent of pulp, paper, and cardboard manufacturers evaluated by EcoVadis. The company received particularly high marks (90 out of 100 points) for its responsible sourcing practices.

Lenzing receives highest CSR rating from EcoVadis for the fourth time in a row.

Program enhancements include increased scholarship amounts and expanded enrollment capacity.

Sofidel, a global leading manufacturer of paper for hygienic and domestic use, is partnering with the Pennsylvania, New Jersey and Delaware Chapter of the Italian Scientists & Scholars in North America Foundation (ISSNAF) to launch the 2024 ISSNAF-PND/Sofidel AI Innovation in Marketing Award. The winner will receive a $3,000 grand prize.

Sustainable consumer packaging company Graphic Packaging has entered into a virtual power purchase agreement with Zelestra, marking a significant step in its sustainability journey.

DS Smith's Recyclability Evaluation Service (RES) has launched for businesses of all sizes.

International Paper has an integrated board and executive-level governance structure to oversee and set the tone on Environment, Social and Governance (ESG) topics across our businesses. The full board periodically reviews components of our sustainability strategy and performance including material ESG developments and issues.

This honor marks LP's 12th win in the 16-year history of the award program, including consecutive wins in 2022 and 2023.

Industries are increasingly adopting circularity and advanced waste treatment methods to mitigate their environmental impact. The move towards a circular economy involves systemic change and rethinking production processes to minimize waste generation, promote recycling, and extend the lifecycle of materials.

UPM Energy makes the second phase investment in its innovative ultracapacitor project, which will further strengthen the ability of hydropower to balance the grid. The new installation will be located next to the Kuusankoski hydropower plant and is expected to be operational by summer 2025.

International Paper (IP) reaffirms its dedication to conserving forest ecosystems, nature and biodiversity with a $15.3 million investment to renew strategic alliances with key conservation partners, including the American Forest Foundation (AFF), National Fish and Wildlife Foundation (NFWF), The Nature Conservancy (TNC) and World Wildlife Fund (WWF). These collaborations are pivotal to IP's business strategy.

Reported insider trading since the last issue of PaperMoney.

The Paper Excellence Group announced that it has appointed Luc Theriault to president of its Wood Products business unit. The appointment is effective August 26, 2024.

GreenFirst Forest Products Inc. announces the hiring of Mr. Peter Ferrante as its new Chief Financial Officer. Mr. Ferrante will be assuming the role on August 14, 2024, following GreenFirst's second quarter earnings call.

Robert Long to retire after 45 distinguished years in CPG.

Mondi Group is pleased to announce the appointment of Sucheta Govil as an independent non-executive director of Mondi plc with effect from 1 October 2024.

The fire started in the air handling system for two paper machines. "Fire crews were chasing fire through the duct system... when a large fireball erupted from the vent on the roof of the building," the Green Bay Metro Fire Department reported. Firefighters had to cut through the roof, which was labor-intensive.

Canfor Corporation is pleased to announce the completion of the acquisition from Arkansas Resolute El Dorado Inc., of its lumber manufacturing facility in Union County, Arkansas. The transaction, previously announced on May 1, 2024, is a strategic complement to the Company's existing regional operations, including its adjacent El Dorado Laminating Plant and its nearby Urbana sawmill.

Western Forest Products Inc. announced that Glen Nontell has been appointed Chief Financial Officer effective August 1, 2024.

One of the largest timberland transactions to date in Brazil, and the largest ever in the state of Mato Grosso do Sul.

Ahlstrom will proceed with the closure of the Bousbecque plant in France. The plant has an annual capacity of approximately 12,000 tons and employs 117 people. Ahlstrom continues to explore options to divest the property.

The transaction includes an annual production capacity of 340,000 metric tons distributed across four production sites in Shelby, North Carolina, Lewiston, Idaho, Las Vegas, Nevada, and Elwood, Illinois. The completion of the acquisition is expected within 2024, subject to receipt of customary regulatory approvals and satisfaction of other customary closing conditions.

Bolt-on additions will further enhance Southern Timberlands portfolio and expand footprint in attractive markets.

With a capacity production of 440.000 tonnes of paper and 535 million square meters of corrugated board packaging, Schumacher Packaging employs 1,540 people in Poland. The turnover of the Polish sites was 327 million euros in 2023 (aggregated sales).