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$50M in upgrades announced at Paper Excellence Vancouver Island mill, 100-plus employees to be brought back (relevance: 22.2%, date: Feb 7, 2023)
The $50 million in upgrades include restarting the mill's C2 paper machine, which will now produce new water-resistant paper grades that are intended to replace single-use plastic products.

Stora Enso signs an agreement to divest its Hylte paper site and will discontinue the Anjala site divestment process (relevance: 22.2%, date: Feb 7, 2023)
Stora Enso has signed an agreement to divest its paper production site in Hylte, Sweden and all its related assets to Sweden Timber, a Sweden-based sawmill and planing mill company. The enterprise value is approximately EUR 18 million. The completion of the transaction is expected in the first half of 2023. Concerning the Anjala paper site in Finland, Stora Enso has decided to discontinue the divestment process.

Michigan legislature approves $200 million for Billerud paper mill (relevance: 22.2%, date: Feb 7, 2023)
The roughly $200 million in state tax dollars earmarked for the Escanaba Mill will supplement a $1.06 billion investment by Swedish parent company Billerud to expand paper product production at the mill. The project would help the mill retain nearly 1,200 jobs at the 2,000-acre site in Wells and Escanaba townships in Delta County.

Port Hawkesbury Paper sister company pitches Guysborough County wind farm (relevance: 22.2%, date: Feb 7, 2023)
Port Hawkesbury Paper Wind has submitted a proposal to the province to construct a 29-turbine wind farm.

UFP Industrial Changes Name to UFP Packaging (relevance: 22.2%, date: Feb 7, 2023)
To better reflect its business focus and opportunity, UFP Industrial, LLC, a leading supplier of total packaging solutions, packaging logistics support and OEM components, and a subsidiary of UFP Industries, Inc. (Nasdaq: UFPI), is changing its name to UFP Packaging, LLC. The change is effective February 1, 2023.

Capital projects of note in 2023 (relevance: 22.2%, date: Jan 17, 2023)
We are updating this list as these happen in the pulp, paper and forest products industry

Closures and cutbacks in 2023 (relevance: 22.2%, date: Jan 17, 2023)
We are updating this list as these happen in the pulp, paper and forest products industry

Disconnected Comparisons (relevance: 22.2%, date: Jan 17, 2023)
In this issue of Disconnected Comparisons, we evaluate International Paper and Nine Dragons.

Graphic Packaging kicks off 2023 with a bang with double success at Worldstar Awards (relevance: 22.2%, date: Jan 17, 2023)
The prestigious awards, held every year by the World Packaging Organization, celebrate the best of the best in structural design innovation across a variety of sectors. They are only open to packaging innovations that have previously won one of a select group of awards in the previous 12 months. This year's scheme received almost 500 entries.

Canfor to extend sawmill curtailments in British Columbia by two weeks (relevance: 22.2%, date: Jan 17, 2023)
Canfor Corporation will extend sawmill curtailments in British Columbia (B.C.) due to ongoing weak market conditions and the lack of available economic fibre, company announced.

Paper Excellence commits to takeover of Resolute despite lumber slump (relevance: 22.2%, date: Jan 17, 2023)
Paper Excellence Group, a private company controlled by an Indonesian billionaire, is poised to expand in Canada's forestry industry by diversifying into the lumber sector with its contentious takeover of Resolute Forest Products Inc.

Progroup starts operations at PW14, new corrugated sheetfeeder plant in Strykow, Poland (relevance: 22.2%, date: Jan 17, 2023)
Progroup has invested around Euro 72 million in the project at the site, which covers around 28,000 square metres, and created 50 new jobs.

Canfor Pulp Announces Permanent Closure of Pulp Line at Prince George Pulp and Paper Mill (relevance: 22.2%, date: Jan 17, 2023)
The pulp line is expected to close by the end of the first quarter of 2023 and is anticipated to impact approximately 300 positions across the organization by the end of the year.

Disconnected Comparisons (relevance: 22.2%, date: Jan 3, 2023)
The PM40 closed 30 December 2022 up 8.3% from the 31 December 2021 level. Over the same period, the Invesco Equal-Weight S&P 500 Index was down 13.2%.

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Runtech supplies vacuum system rebuild to Norske Skog Golbey in France (relevance: 22.2%, date: Jan 3, 2023)
Runtech Systems will supply a vacuum system rebuild to Norske Skog Golbey PM1 in France. The delivery includes eight RunEco EP600 Turbo Blowers with EcoDrop water separators and two low vacuum blowers. With the new RunEco vacuum system, PM1 will gain significant energy and water savings.

Clearwater Paper revises outlook amid higher maintenance costs (relevance: 22.2%, date: Jan 3, 2023)
Due to higher-than-expected major maintenance related costs at the company's Lewiston, Idaho mill, and other operational issues, the company now expects adjusted EBITDA for the fourth quarter of 2022 to be in the range of $28M-$34M and full year 2022 adjusted EBITDA of $227M-$233M.

Michigan sues Domtar over alleged 'forever chemical' contamination (relevance: 22.2%, date: Jan 3, 2023)
Domtar operated a disposal site for the waste from production from 1998 to 2020, when the Port Huron plant closed.

Fire shuts down Tolko's Armstrong mill (relevance: 22.2%, date: Jan 3, 2023)
An electrical fire knocked the power out to the Tolko Industries sawmill in Armstrong after the site's electricity substation went up in flames early Dec. 28.

Stora Enso and Huhtamaki advance European paper cup recycling initiative with new partners (relevance: 22.2%, date: Dec 20, 2022)
The Cup Collective, a programme founded by Stora Enso and Huhtamaki to capture the value of used paper cups through recycling at an industrial scale, has welcomed its first partners. The new partners include McDonald's, SSP - The Food Travel Experts, C2 Centre, and the National Railway Company of Belgium (SNCB), all further supporting the initiative's ability to significantly increase paper cup recycling volumes in Europe.

Disconnected Comparisons (relevance: 22.2%, date: Dec 20, 2022)
In this issue of Disconnected Comparisons, we evaluate Kimberly-Clark and UPM Kymmene.

Valmet's climate work recognized in CDP's climate listing (relevance: 22.2%, date: Dec 20, 2022)
CDP's evaluation is based on the company's disclosure about its strategy, targets, governance, risks and opportunities, risk management and actions in the last reporting year related to climate change mitigation and development of low-carbon technology and solutions.

Valmet Oyj and Opal Botany Mill extend the Mill Maintenance Operations Agreement in Australia (relevance: 22.2%, date: Dec 20, 2022)
Valmet and Opal have agreed to extend the Mill Maintenance Operations Agreement and thus continue the long-term co-operation for mill maintenance services at Opal's B9 board making line in Sydney, New South Wales, Australia.

UPM sells the Renforsin Ranta business park in Kajaani to Kansallisholding Oy (relevance: 22.2%, date: Dec 20, 2022)
UPM has agreed to sell the Renforsin Ranta business park in Kajaani to Kansallisholding Oy. The site will be operated by Redeve Oy, the parent company of Kansallisholding, specialising in the ownership and development of industrial real estate.

Stora Enso invests Euro 80 million in pulp mills in Finland and Sweden (relevance: 22.2%, date: Dec 20, 2022)
Stora Enso is investing Euro 38 million in unbleached kraft pulp (UKP) production at its Enocell site in Finland and Euro 42 million in fluff pulp production improvement at its Skutskär site in Sweden. These investments will support the growing consumer demand for non-bleached renewable packaging materials and hygiene products respectively.

Billerud Michigan paper mill could get $1 billion upgrade (relevance: 22.2%, date: Dec 20, 2022)
Billerud, a Swedish paper and pulp manufacturer, is eyeing the Escanaba Mill to upgrade from producing paper to making an advanced paper product known as paperboard or cartonboard.