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Cascades: Cost of Bear Island Conversion Project Has Increased (relevance: 11.1%, date: Aug 16, 2022)
Cascades Inc. said the cost of its Bear Island conversion project has increased amid higher labor costs and reduced availability of materials.

Imperial Dade Adds Scale in Florida, Acquires Palm Paper Supply (relevance: 11.1%, date: Aug 16, 2022)
Palm Paper is a market leading distributor of foodservice and janitorial sanitation products.

BillerudKorsnas and Viken Skog to establish pulp mill in Norway (relevance: 11.1%, date: Aug 16, 2022)
Viken Skog and the Swedish packaging manufacturer BillerudKorsnäs are collaborating to establish a wood pulp facility in Treklyngen Industripark, the area Viken Skog bought after Norske Skog Follum shut down paper production in 2012.

West Fraser Timber cuts production capacity at three mills in Canada (relevance: 11.1%, date: Aug 16, 2022)
West Fraser Timber is permanently curtailing approximately 170 million board feet of combined production at its Fraser Lake and Williams Lake sawmills and approximately 85 million square feet of plywood production at its Quesnel Plywood mill in Canada. The curtailments will be realized through the elimination of one shift at each facility.

Kimberly-Clark Recognized as One of the 2022 World's Most Ethical Companies by Ethisphere (relevance: 11.1%, date: Aug 2, 2022)
Kimberly-Clark announced that it was once again named one of the World's Most Ethical Companies by Ethisphere for the fourth consecutive year. This recognition honors the company's exceptional leadership and commitment to business integrity through best-in-class ethics, compliance and governance practices.

Katri Hokkanen appointed CFO at Valmet (relevance: 11.1%, date: Aug 2, 2022)
Ms. Katri Hokkanen (M.Sc. Econ) has been appointed CFO at Valmet as of August 1, 2022. She will report to President and CEO Pasi Laine. Katri Hokkanen has worked as Valmet's interim CFO since May 1, 2022.

Recession (relevance: 11.1%, date: Aug 2, 2022)
I think it was Ronald Reagan who said, "A recession is when your neighbor loses their job, a depression is when you do." The powers that be tell us the United States is in a recession now--two quarters of declining GDP growth.

Disconnected Comparisons (relevance: 11.1%, date: Aug 2, 2022)
In this issue of Disconnected Comparisons, we evaluate Boise Cascade and Graphic Packaging.

RearView (relevance: 11.1%, date: Aug 2, 2022)
The PM40 closed 29 July 2022 up 13% from the 30 July 2021 level.

PM40 (relevance: 11.1%, date: Aug 2, 2022)
The PM40 closed Friday, 29 July 2022, at 5281.

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

ANDRITZ to supply four stock preparation systems for tissue production to Guangxi Sun Paper, China (relevance: 11.1%, date: Aug 2, 2022)
Start-up is scheduled for the third or fourth quarter of 2022.

ABB wins order for electrification of Klabin Puma II to drive increased production (relevance: 11.1%, date: Aug 2, 2022)
ABB has been appointed by Klabin, Brazil's largest producer and exporter of packaging paper and sustainable solutions for paper packaging, to deliver the management and power distribution system (PDS) for their Puma II Project, which will support their production target of 920,000 tons per year.

What they are telling us on LinkedIn--August 2022 (relevance: 11.1%, date: Aug 2, 2022)
First impressions are very important.

Roseburg El Dorado plant achieves one full year of no injuries (relevance: 11.1%, date: Aug 2, 2022)
Congratulations to the team at Roseburg's El Dorado MDF plant in Arkansas, which recently achieved a full year injury-free.

Sofidel Celebrates 10 Years in the U.S. (relevance: 11.1%, date: Aug 2, 2022)
This year, Sofidel celebrates its 10-year anniversary in the U.S. The company has achieved significant growth in the U.S. by offering unique sustainable paper products to both business-to-business (B2B) customers and consumers.

Resolute gets green energy award (relevance: 11.1%, date: Aug 2, 2022)
Resolute Forest Products is once again turning heads to the Thunder Bay pulp and paper plant after their thermal energy project was awarded the 2022 Environment + Energy Leader Award.

Sappi becomes 5th South African company to receive approval of Science Based Targets in pursuit of its decarbonisation goals (relevance: 11.1%, date: Aug 2, 2022)
Sappi is pleased to announce that the science-based carbon emission reduction target of 41.5% per ton of product has been approved by the Science Based Targets initiative (SBTi). The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

Mill Rock Packaging Acquires Impressions Incorporated (relevance: 11.1%, date: Aug 2, 2022)
Impressions, based in St. Paul, MN and founded in 1967 by Mark Jorgensen, Sr., is a market leader in the design, engineering and production of high-end paperboard packaging and commercial printing products for a variety of end markets.

Mondi expands capacity in sustainable pet food packaging solutions (relevance: 11.1%, date: Aug 2, 2022)
Mondi, a global leader in packaging and paper, is investing nearly €65 million in three Consumer Flexibles packaging plants in Europe in order to meet growing customer demand for sustainable pet food packaging solutions.

Brazil's Klabin to invest up to $287 million in corrugated box plant (relevance: 11.1%, date: Aug 2, 2022)
The new unit, called Figueroa, will be built in the city of Piracicaba and will have an annual production capacity of 240,000 tons of corrugated boxes, Klabin said in a securities filing.

Antalis to acquire Cohal Group in Spain (relevance: 11.1%, date: Aug 2, 2022)
Antalis has signed a binding offer to acquire the Cohal Group (Autoadhesivos Cohal, S.A. and Garalmi, S.A.), a leading supplier in the Spanish self‐adhesive labels and packaging products distribution market.

AWPPW Local 78 Graphic Packaging ULP Strike (relevance: 11.1%, date: Aug 2, 2022)
Association of Western Pulp & Paper Workers (AWPPW) workers went on strike at 12:30 a.m. Sunday on July 17th, 2022, over unfair labor practices (ULPs) at Graphics Packaging International in Portland, Oregon. AWPPW Local 78 members have overwhelmingly authorized a strike in response to the company's pattern of allegedly violating federal labor laws.

Lawsuit filed against New-Indy for CAA, EPA violations (relevance: 11.1%, date: Aug 2, 2022)
A group of community members has filed a citizen suit against New-Indy Containerboard paper mill for Clean Air Act violations.

WestRock to Acquire Remaining Interest in Grupo Gondi (relevance: 11.1%, date: Aug 2, 2022)
WestRock Company announced that it has entered into an agreement to acquire the remaining interest in Grupo Gondi for $970 million, plus the assumption of debt, representing an estimated implied enterprise value of $1.763 billion.

Heinzel Group becomes strategic investor in project to build Paraguay's first pulp mill (relevance: 11.1%, date: Aug 2, 2022)
Heinzel Holding GmbH and Paracel S.A. jointly announce that Heinzel has entered into an investment agreement to become the strategic equity investor in Paracel, an afforestation and pulp mill project in Paraguay, South America.