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Valmet to deliver a coating section upgrade with electric heated air dryers to Stora Enso in Finland (relevance: 11.1%, date: Jan 3, 2023)
The value of deliveries of this type is usually around EUR 5-8 million.

Clearwater Paper revises outlook amid higher maintenance costs (relevance: 11.1%, 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.

Billerud Michigan paper mill potential $1 billion upgrade takes step forward (relevance: 11.1%, date: Jan 3, 2023)
Billerud, who took over the mill last year, plans to transform the mill, which has struggled with years of declining profits, into a state-of-the-art, high-end packaging manufacturer. Billerud's Vice President of Technical Services, Michael Glodowski sees their new product line as a way to maintain profitability for decades to come.

Saica to acquire 76% majority stake in Fox Recykling in Poland (relevance: 11.1%, date: Jan 3, 2023)
Recycled paper producer Saica Group has reached an agreement to acquire the majority of shares (76%) of Fox Recykling, a waste management company in Poland. Thanks to this acquisition, Saica strengthens its growth strategy in Eastern Europe and expands the footprint of one of its business divisions: Saica Natur.

Marcal Paper Acquires von Drehle Corporation (relevance: 11.1%, date: Jan 3, 2023)
Marcal Paper, a leading manufacturer of recycled and eco-friendly bath, towel, and tissue products, announced today that it has acquired von Drehle Corporation, a premier provider of quality towel and tissue products for the away-from-home market. Von Drehle Corporation will operate as a division of Marcal Paper.

UPM enters final phases of construction on new pulp mill in Uruguay (relevance: 11.1%, date: Jan 3, 2023)
UPM is finalizing the construction works of the new pulp mill in Uruguay and enters the final phases of the project. The start-up of the UPM Paso de los Toros pulp mill is expected by the end of the Q1 2023.

RYAM's Jesup Facility Impacted by Natural Gas Supply Disruption (relevance: 11.1%, date: Jan 3, 2023)
Rayonier Advanced Materials Inc. announced that its facility at Jesup, Georgia has been impacted by a force majeure declared by its natural gas provider, Southern Natural Gas Company, L.L.C., due to an unscheduled outage of the Elba Express Pipeline's Hartwell Compressor Station (the "SNG Force Majeure Event", or "Event").

Appvion Announces Leadership Transition (relevance: 11.1%, date: Dec 20, 2022)
Appvion, a Wynnchurch Capital, L.P. portfolio company, announced today that Paul Charapata, former President and CEO of recently acquired Nekoosa Coated Products, LLC, has been named CEO of the Appvion platform. The current CEO, Laurie Andriate, will transition to the Board of Directors.

Pregis adds digital printing capabilities at EverTec mailer production facilities (relevance: 11.1%, date: Dec 20, 2022)
Pregis®, a leading global manufacturer of flexible packaging and protective packaging solutions, recently added digital printing capabilities at production facilities across North America, offering customers high-impact protection and impactful brand messaging with the Pregis EverTec™ curbside recyclable padded mailer.

Rayonier Honored by Women Executive Leadership for Advancing Gender Diversity in the Boardroom (relevance: 11.1%, date: Dec 20, 2022)
Rayonier Inc. has been recognized for accelerating the advancement of gender diversity in the boardroom by Women Executive Leadership (WEL), a nonprofit organization that advocates, educates and connects accomplished executive women. The Elevate Award salutes public companies that have added female board members since WEL's 2017 Census. Rayonier added its first female director to its board in 1994. Currently three female directors serve on its 10-member board, two of whom have joined since 2020.

Dow Jones Sustainability Index lists UPM the leader of its industry (relevance: 11.1%, date: Dec 20, 2022)
UPM has been listed in the Dow Jones European and World Sustainability Indices (DJSI) for 2022-2023 as the only company in its industry. The DJSI indices cover environmental, social and governance aspects of responsibility.

Essity on CDP's A List for sustainability (relevance: 11.1%, date: Dec 20, 2022)
The hygiene and health company Essity has once again been recognized for its leadership in sustainability by the global non-profit environmental organization CDP. The company is awarded a place on CDP's prestigious A List for its work in combating deforestation.

Disconnected Comparisons (relevance: 11.1%, date: Dec 20, 2022)
In this issue of Disconnected Comparisons, we evaluate Kimberly-Clark and UPM Kymmene.

RearView (relevance: 11.1%, date: Dec 20, 2022)
The PM40 closed 16 December 2022 up 12.9% from the 17 December 2021 level.

PM40 (relevance: 11.1%, date: Dec 20, 2022)
The PM40 closed Friday, 16 December 2022, at 5143.

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

Celebrating all things paper: The wonder and the legacy, continued (relevance: 11.1%, date: Dec 20, 2022)
Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, more than 150 papermaking innovators and legends have been enshrined. This month, we profile Luigi Lazzareschi, who was inducted into the Hall of Fame in 2018.

LP and the LP Foundation Donate Over $680,000 in 2022 to Support Local Communities (relevance: 11.1%, date: Dec 20, 2022)
The LP Foundation's philanthropic focus aligns closely with LP's vision, values, and purpose of Building a Better World™. Donations are directed at nonprofits and public schools within the following categories: housing, environment, science, technology, engineering and math (STEM) education, and diversity, equity and inclusion (DEI).

Lenzing recognized for the second year in a row as global sustainable leader with triple "A" score by CDP (relevance: 11.1%, date: Dec 20, 2022)
The Lenzing Group, the world's leading supplier of sustainably produced specialty fibers, has been recognized for leadership in corporate transparency and performance on climate change, forests and water security by global environmental non-profit CDP, securing a place on its annual "A List".

CDP recognises UPM with triple 'A' score for climate, forests and water security actions (relevance: 11.1%, date: Dec 20, 2022)
UPM has been recognized with a triple 'A' score for its performance and transparent reporting on climate change, forests and water security by the global environmental non-profit CDP. Out of nearly 15,000 companies scored, UPM is one of only 12 companies that achieved the triple 'A'.

Mondi and FRESH!PACKING reinvent the cooler bag with recyclable kraft paper alternative (relevance: 11.1%, date: Dec 20, 2022)
Mondi, a global leader in sustainable packaging and paper, has worked with FRESH!PACKING, to design an innovative cooler bag, to protect and transport chilled or frozen goods home by consumers.

Sonoco Ranked "Gold" by EcoVadis in 2022 for the Second Consecutive Year (relevance: 11.1%, date: Dec 20, 2022)
For the second year in a row, Sonoco earns a Gold Medal rating from EcoVadis, a leading environmental, social and ethical review agency for global supply chains. This result placed Sonoco among the top 5% of more than 100,000 organizations reviewed worldwide.

Valmet's climate work recognized in CDP's climate listing (relevance: 11.1%, 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.

Canfor to reduce Canadian production due to weak market conditions (relevance: 11.1%, date: Dec 6, 2022)
Canfor Corporation is announcing a temporary reduction in Canadian production due to very weak market conditions. The production will be reduced through curtailments at all solid wood facilities in B.C. and Alberta.

UFP Packaging acquires Titan Corrugated and its affiliate, All Boxed Up, adding corrugated conversion to its industrial packaging offerings (relevance: 11.1%, date: Dec 20, 2022)
UFP Industries announced that its affiliate, UFP Packaging, LLC, has acquired Titan Corrugated, Inc., a manufacturer of corrugated packaging products, and its affiliate All Boxed Up, LLC, a corrugated box distributor. The combined companies had trailing 12-month sales through October 2022 of approximately $46.5 million.

Ahlstrom appoints Helen Mets as President and CEO (relevance: 11.1%, date: Dec 20, 2022)
Helen Mets is appointed President and CEO of Ahlstrom, effective January 1, 2023. With the company entering the next phase of growth and transformation, Helen will succeed current President and CEO Hans Sohlström, who has contributed greatly to Ahlstrom's success since 2016. Hans will leave Ahlstrom at the end of December to pursue new opportunities outside the company.