Recent Articles

Nordic Paper Holding AB (the "Company") has noted that Shanying International Holding Co., Ltd has announced that Shanying intends to sell all or part of its stake in Nordic Paper. It is further noted by the Company that the intentions are at an early stage and that there can be no guarantee that a sale will be achieved or at what terms, including price.

Finnish paperboard producer Metsa Board said it expects to temporarily shut down one of its mills later this week due to a two-week political strike affecting Finland's harbours and railroad system.

Godfrey Forest Products, a developer of engineered wood products like oriented strand board, plan to open a new mill on the land, creating 125 new jobs.

The change negotiations cover approximately 820 persons in UPM Pulp Finland's operations, approximately 340 persons in UPM Timber sawmills and approximately 1,100 persons in UPM Communication Papers Finnish mills.

Mondi recently puts a new slitting and rewinding unit into operation at its Slovak paper mill in Ružomberok. The equipment allows for an extended capacity in narrow reels thus complementing Mondi's portfolio offering.

Irving Forest Products, which operates sawmills in Ashland and Dixfield, Maine, announces the acquisition of Mill Services, Inc's value-added operation in Cobleskill, New York.

Deal represents a 33% premium to DS Smith's closing share price on Feb 7.

The company says the cessation of white paper production in in the Latrobe Valley contributed to the decision.

Through this expansion project, which received investments totaling $14.5 million and created 16 jobs, Kruger Products commissioned a new facial tissue converting line at its Richelieu Plant in November 2023. The additional equipment will increase the production of facial tissue by 25%.

The new Mumbai terminal, operational since February, will soon see the addition of another slitting machine. Its strategic central location extends UPM Raflatac's reach across the country.

UFP Industries' UFPI affiliate, UFP Packaging, inaugurated a new production facility and breakroom in Warrens, WI. The 11,840 sq.-ft. production facility and 2,400 sq.-ft. breakroom mark a significant expansion, allowing UFP Packaging to enhance its wood packaging offerings and accommodate up to 12 additional staff members.

The woodyard at Irving Pulp & Paper in west Saint John, New Brunswick, Canada, is reaching new heights in technological advancement with a C$110-million (approx. $81 million) project to update how the site receives and stores woodchips.

Mercer Mass Timber, a subsidiary of Mercer International Inc., announced the launch of its mass timber erection division: Mercer Mass Timber Construction Services.

Huhtamaki is planning to consolidate the production footprint in China in the Fiber Foodservice Europe-Asia-Oceania segment and will close its production sites in Tianjin and Shanghai by the end of Q2 2024.

On December 15, 2023, Essity announced that Isola Castle Ltd, a company indirectly wholly owned by Asia Pacific Resources International Limited (APRIL), has announced that it will make a pre-conditional public offer to the shareholders of Vinda International Holdings Limited (Vinda) to acquire the shares in Vinda for a price per share of HKD 23.50.

Veritiv Corporation announced that Stuart Crockford has joined the company as Senior Vice President - Business Development to lead Veritiv's mergers and acquisitions (M&A) strategy. In this newly created role, Mr. Crockford will be responsible for leading all aspects of the company's business development and M&A strategy.

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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 150 papermaking innovators and legends have been enshrined. This month, we profile the late Eduard Küsters, who was inducted into the Hall of Fame in 1996.

The PM40 closed Friday, 15 March 2024, at 5517.

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 15 March 2024 up 15.3% from the 17 March 2023 level.

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

Swedish forest industry group Södra has entrusted international technology group Andritz with the upgrade of three electrostatic precipitators (ESPs) for the recovery boiler at the Mörrum pulp mill.

A.Celli Paper will supply the film size press and suction press rolls for Sichuan Fengsheng Paper Technology's new paper machine No 1 located in Leshan City, Sichuan province, China.

WEG, internationally recognized for its expertise in electrical solutions and industrial automation, is supplying Klabin, Brazil's largest producer and exporter of sustainable paper and packaging solutions, with intelligent WEGscan sensors, and asset management software WEG Motion Fleet Management (MFM).

The International Organization for Standardization (ISO) is the world's largest developer and publisher of international standards.