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Stora Enso intends to divest its Kvarnsveden site in Sweden to Northvolt (relevance: 11.1%, date: Mar 1, 2022)
Stora Enso announced that it has signed a letter of intent to divest the Kvarnsveden site in Sweden to Northvolt. Due to structural decline in demand for graphical paper, in April 2021 Stora Enso announced a plan to close its Kvarnsveden paper production site. Founded in 1900, Kvarnsveden produced pulp and paper for over 120 years until production ended in September 2021.

Menasha Packaging signs agreement to acquire the assets of Color-Box, a business unit of Georgia-Pacific (relevance: 11.1%, date: Mar 1, 2022)
Menasha Packaging Company, LLC, a subsidiary of Menasha Corporation, announces it has signed an agreement to acquire the assets of Color-Box, a business unit of Georgia-Pacific, LLC. Terms of the transaction were not disclosed. The acquisition is expected to close in early summer 2022.

Canfor Announces Capacity Reduction at Plateau Sawmill (relevance: 11.1%, date: Mar 1, 2022)
Canfor Corporation has announced the permanent reduction of 150 million board feet of production capacity at its Plateau Sawmill to resize the facility and align it with the available, sustainable timber supply in the region following the devastating impacts of the Mountain Pine Beetle infestation and other constraints on the timber harvesting land base.

Clearwater Paper CEO: Consolidation could be on the horizon (relevance: 11.1%, date: Mar 1, 2022)
Clearwater Paper is examining opportunities in a potential consolidation of the private label tissue industry after losing $28 million in 2021.

Columbia Pulp shuts down 'most operations' citing need to better develop customer base for alternative fiber (relevance: 11.1%, date: Mar 1, 2022)
The majority of operations at Columbia Pulp LLC will shut down for an undetermined length of time starting Friday, Feb. 18, while the young company works on developing a market for its unique product.

Graphic Packaging to Close in Battle Creek, Mich. in August 2022 (relevance: 11.1%, date: Mar 1, 2022)
In 2019 when the company announced its new facility in Kalamazoo, representatives at the time described a new machine that would be housed at the new location would be used to replace other production facilities like the one in Battle Creek.

Domtar on track to open repurposed paper mill at the end of 2022 (relevance: 11.1%, date: Mar 1, 2022)
Ahead of schedule, Domtar's Kingsport plant manager said roughly 170 employees are currently in training to be able to safely produce the brown paper cardboard.

Interfor Completes Acquisition of EACOM Timber Corporation (relevance: 11.1%, date: Mar 1, 2022)
Interfor announced that it has completed the previously announced transaction to acquire 100% of the equity interests of EACOM Timber Corporation from an affiliate of Kelso & Company, effective February 22, 2022.

Sappi expands mill facility in Italy for sublimation papers (relevance: 11.1%, date: Mar 1, 2022)
The conversion is scheduled for completion by the end of 2023.

UPM strike extended three more weeks (relevance: 11.1%, date: Mar 1, 2022)
Today (Feb. 24) the union announced a three weeks' extension to the strike at most UPM's Finnish mills, until 2 April 2022, unless new collective labour agreements are reached before that.

RRD stockholders approve Chatham deal (relevance: 11.1%, date: Mar 1, 2022)
Upon completion of the transaction, RRD's shares will no longer trade on the New York Stock Exchange, and RRD will become a private company.

Neenah Invests in Meltblown Capacity to Meet Increased Demand (relevance: 11.1%, date: Mar 1, 2022)
Neenah, Inc., a leading global manufacturer of specialty materials focused on filtration media, specialty coatings, engineered materials, and imaging & packaging, announced a 25 million euro investment in new meltblown capacity in our German filtration facility.

Kimberly-Clark Acquires Majority Interest In Thinx (relevance: 11.1%, date: Mar 1, 2022)
Kimberly-Clark Corporation, the pioneer of menstrual hygiene products, announced that it has completed its acquisition of a majority stake in Thinx, Inc., an industry disruptor and the leader in reusable period and incontinence underwear category. The company made an initial minority investment in Thinx in 2019.

Disconnected Comparisons (relevance: 11.1%, date: Feb 15, 2022)
In this issue of Disconnected Comparisons, we evaluate 3M and Clearwater Paper.

RearView (relevance: 11.1%, date: Feb 15, 2022)
The PM40 closed 11 February 2022 up 18.7% from the 12 February 2021 level.

PM40 (relevance: 11.1%, date: Feb 15, 2022)
The PM40 closed Friday, 11 February 2022, at 4256.

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

DuPont Named to Bloomberg's Gender-Equality Index for Fifth Consecutive Year (relevance: 11.1%, date: Feb 15, 2022)
DuPont announced it has been named to the 2022 Bloomberg Gender-Equality Index (GEI) for the fifth consecutive year, recognizing the company's continued commitment to policies and practices that advance gender inclusion and parity in the workplace.

Valmet Oyj to supply quality control system to Papeterie Le Bourray in France (relevance: 11.1%, date: Feb 15, 2022)
The target is to optimize production and improve the end-product quality.

Nature's Flame wood pellets production company sold to New Zealand-based Talley's Group (relevance: 11.1%, date: Feb 15, 2022)
Norske Skog has entered into agreement with Talley's Group, a New Zealand based dairy, fishing, produce and food company, to sell the Nature's Flame pellets company for a consideration of approximately NZD 47.8 million (approximately NOK 280 million). The transaction is expected to close during the first quarter of 2022.

Mayr-Melnhof Holz completes acquisition of Bergkvist Siljan (relevance: 11.1%, date: Feb 15, 2022)
Mayr-Melnhof Holz has received the necessary approval from the competition authorities, and thereby completes its acquisition of the Swedish sawmill group Bergkvist Siljan.

Sun Chemical to Globally Increase Prices on Color Materials Portfolio (relevance: 11.1%, date: Feb 15, 2022)
Sun Chemical will increase prices across selected parts of its pigments, dyes and preparations portfolio, effective February 14, 2022 or as contracts allow. The price increase affects all market segments.

Essity included in Sustainability Yearbook 2022 (relevance: 11.1%, date: Feb 15, 2022)
Essity has been included in S&P Global's Sustainability Yearbook 2022. In its review of more than 7,000 companies globally, Essity received silver medal within the category Household Products, and is ranked as one of the 150 most sustainable companies.

Sonoco Named to FORTUNE's World's Most Admired Companies List (relevance: 11.1%, date: Feb 15, 2022)
Sonoco has been selected to FORTUNE magazine's World's Most Admired Companies list for 2022. The Company was listed first in the Packaging/Container industry and No. 1 for Innovation as well as Quality of Products/Services.

SCA appoints new CFO (relevance: 11.1%, date: Feb 15, 2022)
Ewertz replaces current CFO, Toby Lawton, who is leaving his position for personal reasons.

Mondi & Henkel partner to launch fully recyclable mono-material refill pouch for Pril (relevance: 11.1%, date: Feb 15, 2022)
The two companies worked together on a packaging solution for Henkel's hand dishwashing products that allows refilling plastic bottles from flexible pouches.