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Enviva Launches the Enviva Heirs Property Fund to Combat Involuntary Land Loss in U.S. Southeast (relevance: 11.1%, date: Jul 19, 2022)
Enviva Inc., the world's largest producer of industrial wood pellets, announces the establishment of the Enviva Heirs Property Fund (EHPF), an initiative dedicated to ending involuntary land loss across the U.S. Southeast.

Sonoco ThermoSafe and Turkish Cargo Sign Global Master Lease Agreement (relevance: 11.1%, date: Jul 19, 2022)
Sonoco ThermoSafe's Pegasus ULD® is the world's first FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use, which enables it to speed through international air freight handling and customs processes at the lowest possible cost.

Update: Fire at Mercer Stendal Pulp Mill (relevance: 11.1%, date: Jul 19, 2022)
Mercer International, provides the following update to its press release of July 1, 2022 regarding a fire which occurred in the wood chip storage area at our Stendal pulp mill.

Capital investment for STP-Tolko Southeastern Timber Products (relevance: 11.1%, date: Jul 19, 2022)
The Board of Directors of Southeastern Timber Products LLC, an STP-Tolko Partnership (STP) are pleased to announce a $150 million USD capital investment in the STP lumber mill in Ackerman, Mississippi. The partnership is a joint venture between Tolko Industries (U.S.) Ltd. and STP Holdings, LLC. This investment is the next step in an expansion project that will upgrade the mill from 120MMFBM to 250MMFBM annual capacity. The project will conclude in the first quarter of 2024.

Cenveo Announces Successful Management Buyout (relevance: 11.1%, date: Jul 19, 2022)
Cenveo Worldwide Limited announced the successful completion of a management buyout of the business led by Chief Executive Officer, Rob Burton, Jr., President, Mike Burton, Chief Financial Officer, Mark Hiltwein, and Chief Strategy Officer, Ayman Zameli. As a result of the transaction, Cenveo is now 100% owned by its management with the Burton family being the majority shareholder.

Disconnected Comparisons (relevance: 11.1%, date: Jul 5, 2022)
In this issue of Disconnected Comparisons, we evaluate Ennis, Inc and Kimberly-Clark.

RearView (relevance: 11.1%, date: Jul 5, 2022)
The PM40 closed 1 July 2022 down 6.5% from the 2 July 2021 level.

PM40 (relevance: 11.1%, date: Jul 5, 2022)
The PM40 closed Friday, 1 July 2022, at 3933.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

Middle East Paper Company taps SAP for digital transformation (relevance: 11.1%, date: Jul 5, 2022)
The Middle East Paper Company, the largest paper manufacturer in the Middle East and Africa, is deploying solutions from global software company SAP SE in an effort to streamline its business processes and increase efficiencies as part of a regional and global expansion strategy.

Asia Symbol Group in China expands use of ABB's MES to increase productivity (relevance: 11.1%, date: Jul 5, 2022)
ABB has been awarded a software and service contract by Asia Symbol Group in China to provide the ABB Ability™ Manufacturing Execution System (MES) for a new production line, with delivery and commissioning ongoing throughout 2022.

Valmet to deliver two chip washing and defibrator systems to Siempelkamp (relevance: 11.1%, date: Jul 5, 2022)
Valmet will deliver two chip washing and defibrator systems to Siempelkamp Maschinen- und Anlagenbau GmbH as part of Siempelkamp's panelboard plant deliveries to two different end customers, one in Europe, one in Asia. The start-ups of the systems are planned for 2023 and the beginning of 2024.

What they are telling us on LinkedIn--July 2022 (relevance: 11.1%, date: Jul 5, 2022)
When should you arrive for an important meeting or video (or conference) call?

Greif Certified as a Most Loved Workplace for 2022 (relevance: 11.1%, date: Jul 5, 2022)
Greif, Inc. announced that it has been certified as a Most Loved Workplace®, backed by Best Practice Institute (BPI) research and analysis. Most Loved Workplace® validation provides the most comprehensive look at workplace sentiment for organizations today.

Sonoco raises profit guidance due to strong, sustained customer demand for packaging (relevance: 11.1%, date: Jul 5, 2022)
Sonoco expects operating results to be significantly better than previously projected due to sustained customer demand particularly in its Consumer Packaging and All Other segments, as well as continued strong performance in price recovery.

Graphic Packaging International commitment to sustainability showcased in new documentary (relevance: 11.1%, date: Jul 5, 2022)
The commitment of Graphic Packaging International ('Graphic Packaging') to sustainability and to supporting the circular economy is the focus of a new documentary. The short film, which was released on June 17 2022 on reuters.com, reflects upon the leading fiber-based consumer packaging provider's ongoing involvement in an initiative called Vision 2045.

Suzano outlines ESG milestone achievements and commitments at second annual ESG call (relevance: 11.1%, date: Jul 5, 2022)
Suzano, the world's largest hardwood pulp producer, held its second annual ESG Call centered around its ambition to be a 'regenerative company for a regenerative society'. The ESG Call spotlighted measurable progress and ambitions across three core areas of action: climate change, biodiversity and social development.

Pacific Woodtech (PWT) Acquires Louisiana-Pacific Corporation's EWP (I-Joist and LVL) Division (relevance: 11.1%, date: Jul 5, 2022)
The two companies have worked diligently to establish contract terms that recognize the value and strengths of their employees and customers, and the sale is targeted to close in early August.

Central National Gottesman acquires Lewis Paper International (relevance: 11.1%, date: Jul 5, 2022)
Central National Gottesman Inc. (CNG) announced that its North American Distribution Division has acquired Lewis Paper International, Inc., a leading distributor of paper, packaging and wide-format products headquartered in Addison, Illinois.

Allen Ennis Joins Mill Rock Packaging as CEO (relevance: 11.1%, date: Jul 5, 2022)
Mill Rock Packaging Partners ("Mill Rock Packaging"), a specialty packaging platform that invests in growth-oriented companies with advanced service and product capabilities in the consumer packaging industry, announced that it has appointed Allen Ennis as Chief Executive Officer. Mill Rock Packaging is a portfolio company of New York-based Mill Rock Capital, a growth and operations-oriented private investment firm.

Mayr-Melnhof Group acquires Essentra Packaging (relevance: 11.1%, date: Jul 5, 2022)
In addition, this acquisition will expand MM's footprint into the US market with an important position in the East-Coast pharma hub.

IT Tech Packaging, Inc. Announces Notification of NYSE American Continued Listing Deficiency and Intention to Complete a Reverse Stock Split (relevance: 11.1%, date: Jul 5, 2022)
The Letter stated that because the Company's common stock had been trading for a low price per share for a substantial period of time, the Company was not in compliance with Section 1003(f)(v) of the Company Guide.

CR Meyer Announces Leadership Succession Plan (relevance: 11.1%, date: Jul 5, 2022)
By announcing the following promotions within the senior management team, CR Meyer culminates a thorough and well-crafted succession planning process to lead the company to the next period of growth.

Canfor invests $25 million to modernize its Estill facility in South Carolina (relevance: 11.1%, date: Jul 5, 2022)
Canfor Southern Pine (Canfor) is investing $25 million to modernize its Hampton County facility in South Carolina, South Carolina Gov. Henry McMaster and the S.C. Department of Commerce announced.

UFP Industries acquires a 50 percent stake in Dempsey Wood Products (relevance: 11.1%, date: Jul 5, 2022)
UFP Industries announced that its affiliate, PalletOne, Inc., has acquired a 50 percent equity stake in Dempsey Wood Products, LLC. The purchase agreement includes options for PalletOne to purchase the remaining 50 percent of Dempsey after three years.

Progroup breaks ground on Euro 90 million corrugated sheetfeeder plant in Germany (relevance: 11.1%, date: Jul 5, 2022)
Progroup is building a new corrugated sheetfeeder plant in south-west Germany, between the Palatinate villages of Petersberg and Höheischweiler. The company is investing more than Euro 90 million in the new building and is thus continuing to pursue its growth strategy. Production is set to begin in the second half of 2023.