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UPM sells the industrial site of Chapelle Darblay to the Community of Rouen (relevance: 11.1%, date: May 17, 2022)
UPM had permanently ceased production and agreed a social plan for its employees at its Chapelle mill in Grand-Couronne, France already in June 2020.

UFP Industries acquires Cedar Poly LLC (relevance: 11.1%, date: May 17, 2022)
UFP Industries announced that its affiliate, Deckorators, Inc., acquired Cedar Poly LLC, for $17 million. The purchase price includes incentive payments of up to $1.5 million over three years if Cedar Poly meets certain performance goals.

Iconex Acquires Phoenix-Based Liberty Greenleaf (relevance: 11.1%, date: May 17, 2022)
Iconex, the world's leading provider of highly differentiated label solutions and low-cost paper receipts, announced the acquisition of Liberty Greenleaf. Founded over three decades ago, Liberty Greenleaf is one of the premier manufacturers of point-of-sale (POS) and industrial packaging solutions, with operations in Phoenix, Arizona and Morristown, Tennessee.

What they are telling us on LinkedIn--May 2022 (relevance: 11.1%, date: May 3, 2022)
Have you ever lied to your boss?

ANDRITZ to upgrade wet section of special paper machines at Papierfabriek Doetinchem, Netherlands (relevance: 11.1%, date: May 3, 2022)
The start-ups are scheduled for 2022.

Papierfabriek Doetinchem upgrades wet sections of special paper machines in Netherlands (relevance: 11.1%, date: May 3, 2022)
Andritz has received an order from Papierfabriek Doetinchem, Netherlands, to upgrade the wet sections of its PM1 and PM3 special paper machines. The start-ups are scheduled for 2022.

Valmet to supply a fine paper making line to Asia Symbol (Shandong) in China (relevance: 11.1%, date: May 3, 2022)
The start-up of the new production line PM14 is scheduled for 2023.

Claw Forestry Services to build new sawmill in Gloster, Mississippi (relevance: 11.1%, date: May 3, 2022)
Work on site will begin late in 2022 and startup of the sawmill is scheduled for the 1Q 2024.

Apollo Funds Complete Acquisition of Majority Stake in Novolex (relevance: 11.1%, date: May 3, 2022)
Apollo announced that funds managed by Apollo affiliates have completed the acquisition of a majority stake in Novolex Holdings LLC, a leading global manufacturer of diverse and sustainable packaging products for the foodservice, delivery and carryout, food processor and industrial markets, from funds managed by Carlyle. Carlyle will retain a minority stake in the Company.

Smurfit Kappa reports significant progress in its Sustainability goals (relevance: 11.1%, date: May 3, 2022)
The report highlights the company's progress towards its long-standing goal of driving change and supporting a greener planet through the three main pillars of Planet, People and Impactful Business. It shows that the company's actions are delivering today, and together with its ongoing investments and continuous improvement, it is well positioned to deliver on its long-term ambition to have net zero emissions by 2050.

West Fraser to buy back up to $1.25B in stock (relevance: 11.1%, date: May 3, 2022)
West Fraser Timber Co. Ltd. announced that its board of directors (the "Board") has approved the commencement of a substantial issuer bid (the "Offer") pursuant to which the Company will offer to purchase from shareholders for cancellation up to US$1.25 billion of its outstanding Common shares (the "Shares").

Swiss Chalet Partners with WestRock to Launch Recyclable Paperboard Packaging Throughout Restaurant Chain in Canada (relevance: 11.1%, date: May 3, 2022)
WestRock Company, a leading provider of differentiated paper and packaging solutions, has announced a partnership with Recipe Unlimited to implement a suite of recyclable paperboard packaging, intended to divert 31 million plastic containers from landfills across Canada each year. The packaging began appearing at Swiss Chalet restaurants in October, 2021 and is now available across all its locations.

Sylvamo Adopts Shareholder Rights Plan (relevance: 11.1%, date: May 3, 2022)
The board adopted the plan after Atlas Holdings confirmed it entered into a block trade that would give Atlas nearly 14% of Sylvamo's outstanding shares and informed Sylvamo it also holds an unspecified amount of derivatives on Sylvamo shares. Sylvamo's leaders maintain open dialogue with Sylvamo's investors, including Atlas, and plan to continue these conversations. Sylvamo recognizes Atlas' extensive experience in the paper industry.

Södra hikes timber prices (relevance: 11.1%, date: May 3, 2022)
Södra raises prices for softwood and hardwood pulpwood. The background is the market's high demand in the short and long term.

Tetra Pak partners with leading beverage brands to launch the world's first tethered caps on carton packages (relevance: 11.1%, date: May 3, 2022)
Joining forces with leading beverage producers, Tetra Pak is launching tethered caps on carton packages. Marking a significant milestone in the company's long-term work on design for recycling, five new tethered cap solutions are currently being introduced across Ireland, the Baltics, Spain and Germany in different product categories - a market first for these geographies.

Neenah Brings Paper-Based, Radiation-Resistant Medical Packaging to Market (relevance: 11.1%, date: May 3, 2022)
Neenah, Inc., a leading global manufacturer of materials focused on filtration media, specialty coatings, engineered materials as well as imaging and packaging, announced a versatile paper-based medical packaging capable of withstanding all three widely used sterilization processes, including radiation, autoclave, and ethylene oxide.

Weyerhaeuser to Acquire Timberlands in North and South Carolina (relevance: 11.1%, date: May 3, 2022)
Weyerhaeuser Company announced an agreement to purchase 80,800 acres of high-quality timberlands in North and South Carolina from a fund managed by Campbell Global for approximately $265 million.

Canfor invests $130 million to modernize Urbana facility in Arkansas (relevance: 11.1%, date: May 3, 2022)
Canfor Corporation will invest approximately $130 million to significantly upgrade and expand its sawmill and planer facility located in Urbana in Union County, Arkansas. The investment will capitalize on the abundant supply of high-quality fiber to enhance the manufacturing of high-value products, increase annual production at the facility by 115 million board feet, and result in a meaningful reduction in the facility's cost structure.

Stora Enso divests its sawmills and forest operations in Russia (relevance: 11.1%, date: May 3, 2022)
Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company's Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso's Russian forest operation which through its harvesting supplies wood to the sawmills.

UFP Industries announces the planned retirement of President and COO Pat Webster (relevance: 11.1%, date: May 3, 2022)
UFP Industries, Inc. announced that President and COO Pat Webster will retire at the end of 2022 after a remarkable career spanning nearly four decades at the company. Over the next several months, Pat's duties will be transferred to existing or new members of the leadership team as part of the company's 2020 reorganization plan.

Disconnected Comparisons (relevance: 11.1%, date: May 3, 2022)
In this issue of Disconnected Comparisons, we evaluate Amcor and Louisiana Pacific.

RearView (relevance: 11.1%, date: May 3, 2022)
The PM40 closed 29 April 2022 up 3.3% from the 30 April 2021 level.

PM40 (relevance: 11.1%, date: May 3, 2022)
The PM40 closed Friday, 29 April 2022, at 4473.

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

The Final Word by Helen Roush (relevance: 11.1%, date: May 3, 2022)
In an article from Kenora Online, it stated that Ontario, Canada will use leftover wood from mills for energy and new products.

Disconnected Comparisons (relevance: 11.1%, date: Apr 19, 2022)
In this issue of Disconnected Comparisons, we evaluate International Paper and Avery Dennison.