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Domtar announces permanent closure of mill in Crofton, B.C.; Hundreds of Vancouver Island mill workers lose jobs ahead of Christmas (relevance: 11.1%, date: Dec 16, 2025)
Domtar pulp mill in Crofton to close, leading to 350 job losses.

UPM discontinues label materials production in Nancy, France (relevance: 11.1%, date: Dec 16, 2025)
The change will impact 79 employees.

UPM plans to increase its growth focus through streamlined business portfolio (relevance: 11.1%, date: Dec 16, 2025)
UPM is a material solutions company with world-class businesses in growth markets. With the intended graphic paper Joint Venture between UPM and Sappi announced today, UPM aims to position the communication paper business for continued value creation for its customers in a way that benefits UPM shareholders. Assuming the Joint Venture is formed, UPM would achieve a stronger growth profile, improved margins and leverage, with no direct sales exposure to the declining European and North American graphic paper markets.

UPM, Sappi to Form $1.7 Billion Graphic Papers Joint Venture (relevance: 11.1%, date: Dec 16, 2025)
The transaction would create a more efficient, adaptable and sustainable graphic paper business. It would create a structurally competitive cost base and supply security for the European and global customers.

Packaging Corporation of America to shut down machines in Washington, affecting 200 jobs (relevance: 11.1%, date: Dec 16, 2025)
Packaging Corporation of America announced that it will permanently shut down the No. 2 paper machine (W2) and kraft pulping facilities at its Wallula, WA containerboard mill. PCA will continue to operate the No. 3 paper machine (W3) and recycled pulping facilities at the mill.

Boise Cascade Announces CEO Transition: Nate Jorgensen to retire, Jeff Strom appointed successor (relevance: 11.1%, date: Dec 16, 2025)
Boise Cascade Company announced that Nate Jorgensen, Chief Executive Officer, plans to retire effective March 2, 2026. The board of directors has unanimously appointed Jeff Strom, Chief Operating Officer, to succeed Jorgensen effective March 3, 2026. Jorgensen will continue to serve as a director on the Company's board after his retirement. The Company does not plan to backfill the chief operating officer role after the transition.

ProAmpac to Acquire TC Transcontinental Packaging from TC Transcontinental (relevance: 11.1%, date: Dec 16, 2025)
ProAmpac, a global innovator in flexible packaging and material science, announced that it has signed a definitive agreement to acquire TC Transcontinental Packaging ("TCP") from TC Transcontinental for US$1.51 billion (approximately CAD$2.1 billion), subject to customary adjustments for debt and debt-like items, cash, and net working capital.

Graphic Packaging appoints new CEO and announces cost cutting measures (relevance: 11.1%, date: Dec 16, 2025)
Robbert Rietbroek Appointed President and CEO, Effective January 1, 2026; Michael P. Doss to Step Down as President and CEO, Effective December 31, 2025

CEO of Lenzing AG Rohit Aggarwal resigns due to personal reasons, effective 31 January 2026 (relevance: 11.1%, date: Dec 16, 2025)
CEO of Lenzing AG Rohit Aggarwal resigns due to personal reasons, effective 31 January 2026. Following Mr. Aggarwal's departure, Lenzing AG will be led by a three-member Managing Board. The process to appoint a new Chief Executive Officer has been initiated by the Supervisory Board and an appointment will be announced at the appropriate time.

Voith to cut up to 2,500 jobs (relevance: 11.1%, date: Dec 16, 2025)
German machine manufacturer Voith said it plans to cut up to 2,500 jobs, representing about 10% of its workforce, as part of a strategic review of its organizational structure and staffing levels.

Atlas Holdings Completes Acquisition of The ODP Corporation; Craig Gunckel Named Chief Executive Officer (relevance: 11.1%, date: Dec 16, 2025)
Atlas Holdings ("Atlas") completed the previously announced acquisition of The ODP Corporation ("ODP" or the "Company"), a leading provider of products, services and technology solutions to businesses and consumers, in an all-cash transaction valued at approximately $1 billion.

Rayonier Advanced Materials President and CEO De Lyle W. Bloomquist announces intention to retire (relevance: 11.1%, date: Dec 16, 2025)
Rayonier Advanced Materials Inc., a global leader of cellulose-based technologies, announced that President and Chief Executive Officer De Lyle W. Bloomquist has informed the Board of Directors of his intention to retire by the time of the Company's 2026 Annual Meeting of Stockholders, expected in May 2026. Mr. Bloomquist also confirmed he will not stand for re-election to the Company's Board of Directors. To ensure continuity and a smooth transition, Bloomquist will remain in his role as CEO until a successor is appointed.

Weyerhaeuser and Aymium Enter Agreement to Rapidly Scale Biocarbon Market (relevance: 11.1%, date: Dec 16, 2025)
Partnership will expand manufacturing platform to convert wood fiber into biocarbon products, accelerating scale supply to global metals producers.

PM40 (relevance: 11.1%, date: Dec 2, 2025)
The PM40 closed Friday, 28 November 2025, at 5233.


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

Essity Selects NIQ as Primary Data & Insights Provider for North America (relevance: 11.1%, date: Dec 2, 2025)
NIQ's omnichannel coverage, technology and category expertise to empower Essity's growth and innovation.

UPM Adhesive Materials and GeBE reach high-performance milestone leading to lower maintenance costs and longer equipment life span (relevance: 11.1%, date: Dec 2, 2025)
A recent long-term test conducted by GeBE Elektronik und Feinwerktechnik GmbH, a leading provider of thermal printing systems, using UPM Raflatac OptiCut™ RL54 linerless label material has reached an impressive milestone: two million cuts without the need for blade cleaning.

Weyerhaeuser Announces Appointment of Rick Beckwitt to Board of Directors (relevance: 11.1%, date: Dec 2, 2025)
Beckwitt served in various executive leadership capacities at Lennar Corporation, one of the nation's leading homebuilders, with 2024 revenues exceeding $35 billion.

Mayr Melnhof Karton: MM Kwidzyn Accelerates Path towards CO2 Neutrality with Continuous Digester Investment (relevance: 11.1%, date: Dec 2, 2025)
MM Kwidzyn is taking a decisive step towards a more sustainable future with the installation of a state-of-the-art continuous digester in its integrated pulp mill, complemented by additional energy improvement measures focusing on the reutilization of residual heat and reducing overall energy consumption.

Smurfit Westrock wins the 2025 Portafolio Award for Corporate Social Responsibility (relevance: 11.1%, date: Dec 2, 2025)
Smurfit Westrock has been honored with the 2025 Portafolio Award for Corporate Social Responsibility for its A Cauca of Opportunities program--an integrated territorial development model that, for more than 40 years, has worked hand-in- hand with rural and urban communities in the Cauca region to build real, long-term opportunities.

UPM welcomes new EU Bioeconomy Strategy as catalyst for sustainable growth and innovation (relevance: 11.1%, date: Dec 2, 2025)
UPM welcomes the European Union's new Bioeconomy Strategy, published today in Brussels, as a decisive move to elevate the bioeconomy as a driver of growth, innovation, and climate neutrality. The strategy reinforces the bioeconomy's central role in revitalizing European industries and boosting competitiveness through renewable and circular solutions.

Boise Cascade reaches agreement to purchase Holden Humphrey (relevance: 11.1%, date: Dec 2, 2025)
Boise Cascade has reached an agreement to purchase Humphrey Company, Inc., a two-step distributor of building materials located in Chicopee, Massachusetts, with $145 million in revenue over the last 12 months, according to Boise Cascade.

Stora Enso To Revamp Financial Reporting Structure In 2026 (relevance: 11.1%, date: Dec 2, 2025)
Under the new setup, Stora Enso will reorganize its businesses into four segments: Consumer Packaging, Integrated Packaging, Biomaterials, and Other, which replaces its current six-segment model.

Palm Group picks 50-percent stake in Czech company Power Packaging (relevance: 11.1%, date: Dec 2, 2025)
German paper and packaging company Palm Group has taken a 50% interest in Power Packaging, which is based in the Czech Republic.

Mondi opens new kraft paper machine at mill in Czech Republic (relevance: 11.1%, date: Dec 2, 2025)
The installation is one element of a €400m ($463.8m) investment program to boost capacity at the mill.

Andritz Receives Contract From Fapajal To Supply PrimeLineTM Tissue Production Line (relevance: 11.1%, date: Dec 2, 2025)
The contract is for the supply of PrimeLineTM tissue production line for its mill in São Julião do Tojal.