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Mercer International CEO David Gandossi to Retire (relevance: 11.1%, date: Apr 5, 2022)
Mercer International Inc. announced that David Gandossi, who has served as chief executive and president since 2015, is retiring. The company said its board of directors has appointed Juan Carlos Bueno to succeed Mr. Gandossi as CEO and president, effective May 1, 2022.

Canfor Pulp Appoints Kevin Edgson President & CEO (relevance: 11.1%, date: Apr 5, 2022)
Canfor Pulp Products Inc. is pleased to announce the appointment of Kevin Edgson as President and CEO effective April 11, 2022.

Chatham Asset Management Sends Letter to Rayonier Advanced Materials Board of Directors (relevance: 11.1%, date: Apr 5, 2022)
Chatham Asset Management, LLC ("Chatham"), a private investment firm which manages funds that beneficially own approximately 6.3% of the outstanding common stock of Rayonier Advanced Materials ("RYAM" or the "Company") (NYSE: RYAM) and is a substantial bondholder of the Company, today sent a letter to the independent members of RYAM's Board of Directors (the "Board") expressing its concerns that management is not taking action quickly enough to proactively address the Company's upcoming debt maturities.

Veritiv Announces Entry into Definitive Purchase Agreement to Sell its Canadian Operations (relevance: 11.1%, date: Apr 5, 2022)
Veritiv Corporation, a full-service provider of business-to-business products, services and solutions, announced that it has signed a definitive purchase agreement to sell its Veritiv Canada, Inc. business to Imperial Dade.

Graphic Packaging to close facility in Norwalk, Ohio (relevance: 11.1%, date: Apr 5, 2022)
Closure will be completed by the end of May 2022.

Rayonier Advanced Materials Issues Statement Regarding Letter from Chatham Asset Management (relevance: 11.1%, date: Apr 5, 2022)
Rayonier Advanced Materials Inc. issued the following statement in response to the March 17, 2022 letter from Chatham Asset Management, LLC ("Chatham") sent to the independent members of Company's Board of Directors.

Settlement proposal in the collective labour agreement negotiations for UPM Pulp (relevance: 11.1%, date: Apr 5, 2022)
Conciliator Leo Suomaa has submitted a proposal for a settlement in the collective labour agreement negotiations between UPM Pulp and the Paperworkers' Union. The conciliator has asked the parties to state their position on the proposal by 14 April 2022 at 10:00 EET.

Last straw for Mohawk Renewal Straw (relevance: 11.1%, date: Apr 5, 2022)
One of these partners, Columbia Pulp -- the only North American supplier responsible for processing wheat straw into pulp to make Mohawk Renewal Straw -- announced in February 2022 that they were ceasing operations. We have exhausted every avenue in Columbia Pulp's absence, but without a supplier, we cannot continue to support this industry-disrupting product and will have to discontinue Straw from the Mohawk Renewal portfolio effective immediately.

Mondi invests Euro 280 million in corrugated packaging operations in Europe (relevance: 11.1%, date: Apr 5, 2022)
Mondi is investing Euro 280 million in Corrugated Packaging operations across four countries. This includes around Euro 185 million across its central and eastern European Corrugated Solutions plant network and Euro 95 million at Mondi Świecie's containerboard mill in Poland. These investments together represent an important part of Mondi's announced Euro 1 billion in expansionary capital investment projects this year to accelerate growth in sustainable packaging.

Huhtamaki steps up production of advanced smooth molded fiber packaging in Alf, Germany (relevance: 11.1%, date: Apr 5, 2022)
Huhtamaki's site in Alf, Germany is switching its focus from plastics to smooth molded fiber (SMF) products to meet the growing demand for plastic free alternatives for food packaging. In 2022, the unit plans to replace more than 2,000 tonnes of plastic with fiber. Huhtamaki's state-of-the-art automated manufacturing site will have the capacity to manufacture up to 3.5 billion fiber products annually. This represents the first such large scale production capability in Europe.

Chatham Asset Management sends yet another letter to Rayonier Advanced Materials Board of Directors (relevance: 11.1%, date: Apr 5, 2022)
If you remember, Chatham also sent multiple letters to RR Donnelly.

Oxy Low Carbon Ventures and Weyerhaeuser reach lease agreement for a carbon capture and sequestration project in Louisiana (relevance: 11.1%, date: Apr 5, 2022)
The lease agreement provides OLCV with exclusive rights to develop and operate a carbon sequestration hub on more than 30,000 acres of subsurface pore space controlled by Weyerhaeuser.

Stora Enso puts four paper mills up for sale (relevance: 11.1%, date: Apr 5, 2022)
Stora is looking for buyers for its mills in Finland's Anjala, Germany's Maxau and Sweden's Hylte and Nymolla, while planning to keep its mill in Langerbrugge in Belgium.

Canfor Announces Reduced Operating Schedules at Western Canada Sawmills Due to Global Supply Chain Crisis (relevance: 11.1%, date: Apr 5, 2022)
It is anticipated that the reduced operating schedules will impact production capacity by a minimum of 100 million board feet.

Strike extended yet again at several UPM mills in Finland (relevance: 11.1%, date: Apr 5, 2022)
The Paperworkers' Union announced March 31 that the strike at most UPM's Finnish mills will continue until 30 April 2022, unless new collective labour agreements are reached before that.

Disconnected Comparisons (relevance: 11.1%, date: Mar 15, 2022)
In this issue of Disconnected Comparisons, we evaluate Rayonier and Weyerhaeuser.

RearView (relevance: 11.1%, date: Mar 15, 2022)
The PM40 closed 11 March 2022 up 10.9% from the 12 March 2021 level.

PM40 (relevance: 11.1%, date: Mar 15, 2022)
The PM40 closed Friday, 11 March 2022, at 4220.

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

Kemira discontinues deliveries to Russia (relevance: 11.1%, date: Mar 15, 2022)
Kemira has decided to discontinue deliveries to Russia and Belarus starting March 1, 2022 until further notice due to the ongoing situation in the region.

Valmet continues to strengthen its stable business by acquiring North American-based Coldwater (relevance: 11.1%, date: Mar 15, 2022)
Valmet has on March 1, 2022 acquired North American-based Coldwater Seals, Inc., a global provider of consumables and services to the pulp and paper industry. Coldwater operates manufacturing facilities in the United States and Sweden. The value of the acquisition will not be disclosed.

Essity publishes Annual and Sustainability Report 2021 (relevance: 11.1%, date: Mar 15, 2022)
Sales growth was strong during the year and net sales amounted to approximately SEK 122bn.

Glatfelter Products Nominated for IDEA®22 Award (relevance: 11.1%, date: Mar 15, 2022)
Glatfelter Corporation, a leading global supplier of engineered materials, has been nominated as a finalist for two IDEA®22 awards - the IDEA® Nonwoven Product Achievement Award for its Sontara® Silk facial sheet masks and the IDEA® Sustainability Advancement Award for its partnership with Blue Ocean Closure (BOC) and ALPLA for sustainable, fiber-based screw caps.

International Paper Named 2022 Best Company for Women to Work (relevance: 11.1%, date: Mar 15, 2022)
International Paper was recognized as a 2022 Best Companies to Work in three categories: Women, Diversity and Millennials. This award represents the fifth consecutive year the company, a leading global supplier of renewable fiber-based products, has been recognized by the Women's Choice Award®.

SCA publishes 2021 annual and sustainability report (relevance: 11.1%, date: Mar 15, 2022)
SCA has published its annual and sustainability report for 2021. In the report, SCA describes the company's work to contribute to a fossil-free society. SCA's climate benefit in 2021 amounted to 10.5 million tonnes of carbon dioxide based on the forest's net carbon sequestration, substitution effect and reduced fossil emissions.

Sun Chemical Announces New Solventless Lamination Solution for Sustainable Packaging Production with HP Indigo Digital Printing (relevance: 11.1%, date: Mar 15, 2022)
Sun Chemical has collaborated with HP to launch sustainable flexible packaging produced with HP's Indigo digital press and Sun Chemical's new solventless lamination solution SunLam.