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Sustana Appoints Nathan Jeppson as CEO to Lead Next Stage of Growth (relevance: 11.1%, date: Jun 18, 2024)
Sustana, an innovator of clean materials and the industry-leading producer of sustainable, recycled fiber-based products and services, announced the appointment of Nathan Jeppson as Chief Executive Officer, succeeding Fabian de Armas. Mr. Jeppson brings more than 20 years of leadership experience driving growth and innovation at premier manufacturing, industrials, and materials businesses, including global roles at Shell Chemical LP and Dow.

Green Bay Packaging expands after acquiring SMC, boosts Midwest presence (relevance: 11.1%, date: Jun 18, 2024)
SMC Packaging Group operates across multiple locations in Missouri, Arkansas, and Oklahoma.

Starkraft boosts kraft paper production capacity to 350,000 tons annually (relevance: 11.1%, date: Jun 18, 2024)
Starkraft, a business unit of Heinzel Pöls, part of the Heinzel Group, announces the successful launch of its PM6 at the Steyrermühl paper mill in Austria, marking a significant milestone in its journey towards enhanced productivity and global expansion. With this strategic investment, Starkraft elevates its production capacity to a total of 350,000 tons of kraft paper per year.

Pixelle Specialty Solutions Announces Significant New Funding (relevance: 11.1%, date: Jun 18, 2024)
The recent financing, which includes new capital investment and amendments to the Company's credit facilities, was completed in collaboration with the Company's existing lenders and has substantially bolstered the Company's cash liquidity position.

Suzano S.A. acquires a 15 percent stake in Lenzing from B&C Group (relevance: 11.1%, date: Jun 18, 2024)
Under the terms of the agreement, Suzano will acquire a 15 percent stake in Lenzing from B&C and the two shareholders will form a long-term syndicate which will hold the majority stake (52.25 percent) in the company. Subject to the closing of the transaction, B&C will hold a 37.25 percent stake in Lenzing and keep the role as controlling member of the new syndicate, with Suzano holding the minority stake of 15 percent. The price per share will be EUR 39.70, with a total acquisition purchase price of EUR 230 million to be fully paid at closing.

Tumut paper mill fined more than $200,000 for water pollution (relevance: 11.1%, date: Jun 18, 2024)
Visy Pulp and Paper Pty Ltd must pay more than $200,000 after untreated wastewater from their Tumut paper mill polluted local creeks in October 2022.

Sealed Air Names WestRock's Patrick Kivits as New CEO (relevance: 11.1%, date: Jun 18, 2024)
Protective packaging supplier Sealed Air (SEE) has announced the appointment of Patrick Kivits as its new chief executive officer, effective 1 July 2024. Kivits is now serving as president of corrugated packaging at paper and packaging company WestRock, overseeing all the company's business in Central America.

Essity presents new financial targets following the divestment of Vinda (relevance: 11.1%, date: Jun 18, 2024)
Hygiene and health company Essity is presenting new financial targets based on the company's portfolio following the divestment of the subsidiary Vinda. The new targets are an increase in ambition with an emphasis on profitable growth and are based on the company's robust platform with leading positions in growing and attractive markets.

Valmet to deliver dewatering elements to Al Dhafra Paper Manufacturing Company in United Arab Emirates (relevance: 11.1%, date: Jun 18, 2024)
The delivery is scheduled for the Q2 2024.

Solenis Acquires Lilleborg from Orkla (relevance: 11.1%, date: Jun 18, 2024)
Strategic acquisition provides enhanced quality and sustainability for food and beverage and institutional customers.

Mondi and Meurer wake up coffee wrapping with new paper solution (relevance: 11.1%, date: Jun 4, 2024)
Mondi and machine producer Meurer have collaborated to create new packaging which holds and protects food and drink products during transportation.

UPM to supply Artigo with UPM BioMotion™ Renewable Functional Fillers for next-generation rubber flooring (relevance: 11.1%, date: Jun 4, 2024)
Artigo, an international rubber flooring company, will produce their next-generation flooring collections from 2025 with UPM BioMotion™ Renewable Functional Fillers (RFF).

Mercer International Inc. Releases 2023 Sustainability Report (relevance: 11.1%, date: Jun 4, 2024)
Juan Carlos Bueno, President and CEO of Mercer, stated, "The 2023 Sustainability Report demonstrates our dedication to progressing sustainable forest management and bioproduct innovation. We are committed to creating long-term value for our stakeholders by balancing environmental stewardship with responsible business growth."

Potlatchdeltic Releases 2023 Corporate Responsibility Report (relevance: 11.1%, date: Jun 4, 2024)
PotlatchDeltic Corporation has released its 2023 Corporate Responsibility Report. The Report highlights PotlatchDeltic's 2023 corporate responsibility accomplishments, linking them with the United Nations Sustainable Development Goals.

Billerud will not proceed with conversion of Escanaba mill to cartonboard production (relevance: 11.1%, date: Jun 4, 2024)
Billerud's Board of Directors has decided to not proceed with plans to convert its Escanaba mill to cartonboard production. Instead, the company will target to shift its product mix gradually towards packaging materials in North America with a moderate investment level.

Huhtamaki to consolidate its three Flexible Packaging manufacturing sites in United Arab Emirates (relevance: 11.1%, date: Jun 4, 2024)
Huhtamaki has decided to consolidate its three Flexible Packaging manufacturing sites in the United Arab Emirates, keeping one factory in Jebel Ali and expanding the one in Ras Al Khaimah. The transition will gradually take place during the second half of 2024.

Tolko Industries appoints Pino Pucci as President and CEO (relevance: 11.1%, date: Jun 4, 2024)
After 14 years as president and chief executive officer (CEO) of Tolko, and over 40 years with the company founded by his grandfather Harold, Brad Thorlakson has transitioned to the role of executive chair of the board. Further to Brad's transition, Pino Pucci has assumed the role of president and CEO.

Only getting larger (relevance: 11.1%, date: Jun 4, 2024)
I have been doing some research for a paper to be presented at a private client conference, so I will be a bit circumspect here, but the bottom line is this--pulp and paper companies will have no choice but to become larger. This is not driven by demand, but by necessary economies of scale.

Cookerly PR Adds DS Smith to Growing Client Roster (relevance: 11.1%, date: May 21, 2024)
The agency will develop and implement strategic communications campaigns to enhance DS Smith's position as a global leader in sustainable packaging solutions, paper products and recycling.

Huhtamaki recognized as a Climate Leader for three consecutive years (relevance: 11.1%, date: May 21, 2024)
Huhtamaki has achieved recognition as a Climate Leader in Europe, a commendation bestowed by the esteemed Financial Times. This prestigious acknowledgment is reserved for top-tier European companies with revenues exceeding €40 million, selected from a pool of nominees. The selection criteria are stringent, focusing on companies that have significantly reduced their Scope 1 and 2 emissions intensity between 2017 and 2022.

Sustana acquires fiber drying equipment for its De Pere, Wisconsin, facility (relevance: 11.1%, date: May 21, 2024)
Since its establishment, the De Pere mill has specialized in the production of wet lap fiber, with the capability of producing 450 tons per day of quality sustainable fiber.

Sofidel Honored With Prestigious SEAL Environmental Initiatives Award for Amazonia Project (relevance: 11.1%, date: May 21, 2024)
Sofidel, a leading global provider of paper for hygiene and household use, has been awarded the prestigious SEAL Environmental Initiatives Award for its exemplary work on the Amazonia project. The SEAL Awards, an environmental advocacy organization, recognize and honor individual programs that drive environmental progress and demonstrate leadership and commitment to a sustainable future.

Brazil's Suzano readies $15 billion bid for International Paper, sources say (relevance: 11.1%, date: May 21, 2024)
Brazilian pulp and paper company Suzano has approached U.S.-based International Paper to express interest in an all-cash acquisition that would be worth almost $15 billion, according to people familiar with the matter.

International Paper says it won't comment on rumors or speculation (relevance: 11.1%, date: May 21, 2024)
The company insists it is also focused on completing its previously announced combination with DS Smith, which offers a unique and highly compelling opportunity to create significant shareholder value above its base plan.

Saica Group acquires a majority share of LIC Packaging, Italy (relevance: 11.1%, date: May 21, 2024)
Saica Group has reached an agreement with the family owners of LIC Packaging to increase its participation, becoming the major shareholder of the company. LIC Packaging is located in the province of Brescia, in Lombardy, northern Italy. This plant has a revenue of 120 million euros in 2023 and provide direct employment to 351 people. The Bertoldo family will remain in the management of the business.