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The agreement covers 187,500 acres of subsurface rights owned by Weyerhaeuser and spans five potential sequestration sites, including two locations that were previously identified by Weyerhaeuser as prospective opportunities for carbon capture and sequestration (CCS) development.

Reported insider trading since the last issue of PaperMoney.

Mondi, under UK takeover rules, has a 'put up or shut up' deadline of March 7.

Founded in 1946 by Thom Brawner, the Company has been a driving force in the paper and janitorial supply industry for over 70 years.

Company to upgrade fiber preparation line driving improved efficiency, sustainability and reliability.

The arrangement aims to further increase the flexibility of Metsä Group's wood supply. All Metsä Forest Eesti AS employees will transfer to the new owner's service as existing employees.

SRM Concrete bought the 300-acre industrial parcel for $30 million. The company said this property fits the needs of their ready mix company which specializes in producing materials to make concrete.

Three firefighters were evaluated for injuries.

The Fedrigoni Group announces the acquisition of certain assets of Mohawk Fine Papers, Inc., the company it entered into an industrial partnership with last September 2022 to strengthen the distribution of specialty fine papers in the North American market.

The company said it "restarted the previously idled A62 paper machine in 2021 at a time when our North American customer base needed additional supply of uncoated freesheet paper," but now "demand for these products has reached a level that no longer requires this production capacity."

Veritiv Corporation, a leading specialty distributor of value-added packaging, facility solutions and print products and solutions, announced today that it has acquired Vivabox Solutions, a full-service provider of customized, premium marketing solutions including tailored, multi-brand kitting solutions and packaging products for global luxury and premium consumer brands.

International Paper is in the process of starting up its Riegelwood Mill after shutting it down due to a cyberattack, a company spokesperson said Thursday morning.

The investment will increase its production in Austria by 20%.

Pipefitter Gary Lefebvre, 45, was injured in a Jan. 31 accident at Intercontinental Pulp Mill in Prince George.

Effingham County Fire Rescue says they'll continue to fight a lumber yard fire into the night, this after crews have been there most of Sunday afternoon, Feb. 18.

The transaction value is approximately $700 million, based on Adjusted EBITDA of approximately $100 million.

Digital speed limitation for timber trucks works well on stretches with a lot of infrastructure, and haulage companies show great commitment to safer timber transports.

Mike Brown, Executive Vice President of Wood Products, will retire effective May 3, 2024.

Thinking back over the decades, I can't hardly think of a time in the pulp and paper industry that was more unsettled than now. Whether it is the direction the industry is going, pricing, business solvency, or regulations, both domestically and abroad, suddenly it feels like everything is in turmoil.

The PM40 closed Friday, 1 March 2024, at 5519.

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 1 March 2024 up 2.6% from the 3 March 2023 level.

In this issue of Disconnected Comparisons, we evaluate Stora Enso and Weyerhaeuser.

The firm announced that its board approved Joao Alberto Fernandez de Abreu, current head of rail operator Rumo , as its new CEO, replacing Walter Schalka.

In order to contribute to the market's future need for biofuel and strengthen the profitability of the forest farm, Södra is adjusting the base price for GROT, i.e. branches and tops, as of February 28.

SCA is hiking the prices on white and brown kraftliner in Europe by Euro 80 per tonne. The new price is valid from April 1, 2024.