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ABB Signs Modernization Agreement with Billerud to Future-proof Operations (relevance: 11.1%, date: Mar 3, 2026)
ABB has signed an agreement with Swedish pulp and paper manufacturer Billerud to modernize Paper Machine 5 at the company's Gävle mill, one of its key sites for producing liquid packaging board and liner.

Solenis Releases 2025 Sustainability Report Highlighting Business Growth Through Customer Sustainability Advancements (relevance: 11.1%, date: Mar 3, 2026)
The Solenis 2025 Sustainability Report highlights how the company works with customers to turn sustainability goals into real progress.

Maflex Among the 10 "Imprese Vincenti" in Tuscany and Umbria by Intesa Sanpaolo (relevance: 11.1%, date: Mar 3, 2026)
Maflex has been awarded within the framework of "Imprese Vincenti", the program promoted by Intesa Sanpaolo dedicated to enhancing Italian small and medium-sized enterprises that stand out for performance, innovation, and responsibility.

PM40 (relevance: 11.1%, date: Feb 17, 2026)
The PM40 closed Friday, 13 February 2026, at 5805.

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

U.S. containerboard production falls 4 percent in the fourth quarter of 2025 (relevance: 11.1%, date: Feb 17, 2026)
U.S. containerboard production decreased by 4% for the full year 2025 compared to 2024, according to the American Forest & Paper Association. The operating rate for the sector remained stable, ending the year above 91%, the industry organization reported.

Avery Dennison Announces Fourth Quarter and Full Year 2025 Results (relevance: 11.1%, date: Feb 17, 2026)
Avery Dennison Corporation announced preliminary, unaudited results for its fourth quarter and full year ended December 31, 2025. Non-GAAP financial measures referenced in this release are reconciled from GAAP in the attached financial schedules. Unless otherwise indicated, comparisons are to the same period in the prior year.

Metsä Board completes acquisition of the Winschoten Sheeting and Distribution Hub (relevance: 11.1%, date: Feb 17, 2026)
Metsä Board has completed the acquisition of the Winschoten Sheeting and Distribution Hub in the Netherlands from Konvertia Group. The acquisition, signing of which was announced on 23 January 2026, strengthens Metsä Board's sheeting capacity and service capabilities in the European market.

Magnera Reports First Quarter Results (relevance: 11.1%, date: Feb 17, 2026)
GAAP: Net sales of $792 million, Operating income of $14 million.

Smurfit Westrock targets 40% increase in core profit by 2030 (relevance: 11.1%, date: Feb 17, 2026)
The world's biggest cardboard box maker reported full-year adjusted core earnings (EBITDA) for 2025 of $4.94 billion, at the lower end of a $4.9 billion to $5.1 billion range that was revised down in October due to weak North American demand.

Mercer International Swings to Deep 2025 Loss as Pulp Downturn Spurs Major Impairments (relevance: 11.1%, date: Feb 17, 2026)
The company is pushing cost cuts, shifting its pulp mix and expanding mass timber amid expected price gains.

Rayonier lifts 2025 adjusted EBITDA 7.7 percent (relevance: 11.1%, date: Feb 17, 2026)
Rayonier reported 2025 adjusted EBITDA of $248.0 million, up 7.7% from 2024, and says results reflect weaker timber markets through the year alongside stronger Real Estate contributions.

West Fraser Timber posts $937 million loss for 2025 (relevance: 11.1%, date: Feb 17, 2026)
Fourth quarter sales were $1.165 billion, compared to $1.307 billion in the third quarter of 2025. Fourth quarter earnings were $(751) million, or $(9.63) per diluted share, compared to earnings of $(204) million, or $(2.63) per diluted share in the third quarter of 2025. Fourth quarter Adjusted EBITDA was $(79) million compared to $(144) million in the third quarter of 2025.

Sonoco and ENGIE Announce Commencement of 140-Megawatt Virtual Power Purchase Agreement (relevance: 11.1%, date: Feb 17, 2026)
Will represent over 83% of Sonoco U.S. electricity needs.

Multi-Color Corporation has filed for pre-packaged Chapter 11 bankruptcy protection (relevance: 11.1%, date: Feb 17, 2026)
Multi-Color Corporation (MCC), a global label solutions provider, filed for Chapter 11 bankruptcy. The company has entered a restructuring support agreement with its major secured lenders to sail through the proceedings.

Edgewell Personal Care Completes the Sale of its Feminine Care Business to Essity for $340M (relevance: 11.1%, date: Feb 17, 2026)
Edgewell Personal Care Company announced that it has completed the sale of its feminine care business to Essity, a leading global health and hygiene company based in Sweden, for $340 million. Edgewell intends to use the net proceeds from the sale, after taxes and transaction costs, primarily to strengthen its balance sheet and pay down the balance of U.S. revolving credit facility while continuing to invest in the long-term growth of its core businesses.

USG Corporation Announces CEO Transition as Christopher Griffin to Retire and Chris Macey Is Named Next CEO (relevance: 11.1%, date: Feb 17, 2026)
USG Corporation, North America's leading building materials manufacturer, today announced that President and Chief Executive Officer (CEO) Christopher Griffin will retire later this year after more than 30 years of service to USG. Concurrent with this news, USG's Board of Directors and owner Knauf Group, have appointed Christopher Macey--currently USG's Chief Operating Officer (COO)--as President and CEO, effective April 1, 2026.

Veritiv Acquires Pack4, LLC (relevance: 11.1%, date: Feb 17, 2026)
Pack4 operates facilities in Lawrence, Massachusetts and Puerto Rico. The company specializes in custom protective packaging products, including foam, corrugated, tapes, bags, and stretch wrap, and serves a diverse range of industries with a focus on quality and service.

Pratt Industries expands agriculture warehouse and investment in South Georgia (relevance: 11.1%, date: Feb 17, 2026)
The expansion comes with significant investment into the company's southern Georgia operations and continued growth within the region. In addition to creating several new full-time jobs, it will bring increase service and support for Georgia's agriculture industry and the many customers Pratt serves in the region.

Cascades Announces Exit from Honeycomb Packaging and Partition Business Segments (relevance: 11.1%, date: Feb 17, 2026)
Cascades Inc. announces the discontinuation of its activities in the honeycomb paperboard and partition packaging product sectors. As a result, its three plants located in York, PA, and Saint-Césaire and Berthierville, QC, will be closed.

Nippon Paper Industries: Joint Acquisition of a New Zealand Softwood Chip Production and Export Company (relevance: 11.1%, date: Feb 17, 2026)
With the extensive sales and export experience of both NPI and PF in Australia and New Zealand, the newly established NF Wood Fibre joint venture is well positioned to fully leverage these combined strengths and to further expand the forestry and timber businesses of both partners.

Metso expands bulk material handling capabilities by acquiring MRA Automation in Australia (relevance: 11.1%, date: Feb 17, 2026)
Metso has acquired MRA Automation (Multiskilled Resources Australia Pty Ltd), a privately owned engineering company based in Newcastle, NSW, Australia. MRA Automation specializes in providing engineering, automation, and software solutions for bulk material handling operators.

Dong Tien, Vietnam, successfully starts up its third ANDRITZ OCC line (relevance: 11.1%, date: Feb 17, 2026)
Dong Tien-Long An Paper JSC has successfully started up a recycled fiber line at its board production mill in Tay Ninh Province, Vietnam.

Capital projects of note in 2026 (relevance: 11.1%, date: Feb 3, 2026)
We are updating this list as these happen in the pulp, paper and forest products industry

PM40 (relevance: 11.1%, date: Feb 3, 2026)
The PM40 closed Friday, 30 January 2026, at 5467.

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

Should the Pulp and Paper Industry prepare for War? (relevance: 11.1%, date: Feb 3, 2026)
In my nearly 76-year lifetime, I have never seen as many hot spots around the world as there are now. Starting with Ukraine, we follow with Gaza Strip, Taiwan, Venezuela, Iran, Greenland and perhaps one or two more. The Chinese Belt and Road Initiative has made substantial inroads in South America, an important source of the world's pulp.