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PM40 (relevance: 11.1%, date: Jul 5, 2022)
The PM40 closed Friday, 1 July 2022, at 3933.

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

Middle East Paper Company taps SAP for digital transformation (relevance: 11.1%, date: Jul 5, 2022)
The Middle East Paper Company, the largest paper manufacturer in the Middle East and Africa, is deploying solutions from global software company SAP SE in an effort to streamline its business processes and increase efficiencies as part of a regional and global expansion strategy.

Asia Symbol Group in China expands use of ABB's MES to increase productivity (relevance: 11.1%, date: Jul 5, 2022)
ABB has been awarded a software and service contract by Asia Symbol Group in China to provide the ABB Ability™ Manufacturing Execution System (MES) for a new production line, with delivery and commissioning ongoing throughout 2022.

Valmet to deliver two chip washing and defibrator systems to Siempelkamp (relevance: 11.1%, date: Jul 5, 2022)
Valmet will deliver two chip washing and defibrator systems to Siempelkamp Maschinen- und Anlagenbau GmbH as part of Siempelkamp's panelboard plant deliveries to two different end customers, one in Europe, one in Asia. The start-ups of the systems are planned for 2023 and the beginning of 2024.

What they are telling us on LinkedIn--July 2022 (relevance: 11.1%, date: Jul 5, 2022)
When should you arrive for an important meeting or video (or conference) call?

Greif Certified as a Most Loved Workplace for 2022 (relevance: 11.1%, date: Jul 5, 2022)
Greif, Inc. announced that it has been certified as a Most Loved Workplace®, backed by Best Practice Institute (BPI) research and analysis. Most Loved Workplace® validation provides the most comprehensive look at workplace sentiment for organizations today.

Sonoco raises profit guidance due to strong, sustained customer demand for packaging (relevance: 11.1%, date: Jul 5, 2022)
Sonoco expects operating results to be significantly better than previously projected due to sustained customer demand particularly in its Consumer Packaging and All Other segments, as well as continued strong performance in price recovery.

Graphic Packaging International commitment to sustainability showcased in new documentary (relevance: 11.1%, date: Jul 5, 2022)
The commitment of Graphic Packaging International ('Graphic Packaging') to sustainability and to supporting the circular economy is the focus of a new documentary. The short film, which was released on June 17 2022 on reuters.com, reflects upon the leading fiber-based consumer packaging provider's ongoing involvement in an initiative called Vision 2045.

Suzano outlines ESG milestone achievements and commitments at second annual ESG call (relevance: 11.1%, date: Jul 5, 2022)
Suzano, the world's largest hardwood pulp producer, held its second annual ESG Call centered around its ambition to be a 'regenerative company for a regenerative society'. The ESG Call spotlighted measurable progress and ambitions across three core areas of action: climate change, biodiversity and social development.

Pacific Woodtech (PWT) Acquires Louisiana-Pacific Corporation's EWP (I-Joist and LVL) Division (relevance: 11.1%, date: Jul 5, 2022)
The two companies have worked diligently to establish contract terms that recognize the value and strengths of their employees and customers, and the sale is targeted to close in early August.

Central National Gottesman acquires Lewis Paper International (relevance: 11.1%, date: Jul 5, 2022)
Central National Gottesman Inc. (CNG) announced that its North American Distribution Division has acquired Lewis Paper International, Inc., a leading distributor of paper, packaging and wide-format products headquartered in Addison, Illinois.

Allen Ennis Joins Mill Rock Packaging as CEO (relevance: 11.1%, date: Jul 5, 2022)
Mill Rock Packaging Partners ("Mill Rock Packaging"), a specialty packaging platform that invests in growth-oriented companies with advanced service and product capabilities in the consumer packaging industry, announced that it has appointed Allen Ennis as Chief Executive Officer. Mill Rock Packaging is a portfolio company of New York-based Mill Rock Capital, a growth and operations-oriented private investment firm.

Mayr-Melnhof Group acquires Essentra Packaging (relevance: 11.1%, date: Jul 5, 2022)
In addition, this acquisition will expand MM's footprint into the US market with an important position in the East-Coast pharma hub.

IT Tech Packaging, Inc. Announces Notification of NYSE American Continued Listing Deficiency and Intention to Complete a Reverse Stock Split (relevance: 11.1%, date: Jul 5, 2022)
The Letter stated that because the Company's common stock had been trading for a low price per share for a substantial period of time, the Company was not in compliance with Section 1003(f)(v) of the Company Guide.

CR Meyer Announces Leadership Succession Plan (relevance: 11.1%, date: Jul 5, 2022)
By announcing the following promotions within the senior management team, CR Meyer culminates a thorough and well-crafted succession planning process to lead the company to the next period of growth.

Canfor invests $25 million to modernize its Estill facility in South Carolina (relevance: 11.1%, date: Jul 5, 2022)
Canfor Southern Pine (Canfor) is investing $25 million to modernize its Hampton County facility in South Carolina, South Carolina Gov. Henry McMaster and the S.C. Department of Commerce announced.

UFP Industries acquires a 50 percent stake in Dempsey Wood Products (relevance: 11.1%, date: Jul 5, 2022)
UFP Industries announced that its affiliate, PalletOne, Inc., has acquired a 50 percent equity stake in Dempsey Wood Products, LLC. The purchase agreement includes options for PalletOne to purchase the remaining 50 percent of Dempsey after three years.

Progroup breaks ground on Euro 90 million corrugated sheetfeeder plant in Germany (relevance: 11.1%, date: Jul 5, 2022)
Progroup is building a new corrugated sheetfeeder plant in south-west Germany, between the Palatinate villages of Petersberg and Höheischweiler. The company is investing more than Euro 90 million in the new building and is thus continuing to pursue its growth strategy. Production is set to begin in the second half of 2023.

IT Tech Packaging approves 1-for-10 reverse stock split to regain NYSE compliance (relevance: 11.1%, date: Jul 5, 2022)
IT Tech Packaging, Inc., a leading manufacturer and distributor of diversified paper products in North China, announced that, its Board of Directors has approved a reverse stock split of its common stock, par value $0.001 per share (the "Common Stock") at a ratio of 1-for-10 (the "Reverse Stock Split").

Worker dies at Mercer mill (relevance: 11.1%, date: Jul 5, 2022)
Mercer International Inc. is deeply saddened to announce that an employee has passed away at its Rosenthal mill in Germany on June 25, 2022. Mercer and local authorities conducted an investigation and so far determined that the tragic loss was not work related.

Fatal incident at Metsä Fibre Kemi bioproduct mill site (relevance: 11.1%, date: Jul 5, 2022)
There has been a fatal incident at the Kemi bioproduct mill site of Metsä Fibre. The accident took place at the installation site of the recovery boiler in the forenoon, the 25th of June, 2022.

Disconnected Comparisons (relevance: 11.1%, date: Jun 21, 2022)
In this issue of Disconnected Comparisons, we evaluate Boise Cascade and PCA.

RearView (relevance: 11.1%, date: Jun 21, 2022)
The PM40 closed 17 June 2022 down 5.3% from the 18 June 2021 level.

PM40 (relevance: 11.1%, date: Jun 21, 2022)
The PM40 closed Friday, 17 June 2022, at 3876.

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

Valmet to lay off 50% of its employees in Russia (relevance: 11.1%, date: Jun 21, 2022)
Valmet to lay off 50% of its employees in Russia as part of its plan to leave the country. Company has a total of approximately 140 employees in Russia, working primarily in sales, engineering, maintenance and financial administration. Valmet does not have production in Russia.