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PM40 (relevance: 11.1%, date: Jan 18, 2022)
The PM40 closed Friday, 14 January 2022, at 4516.

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

Valmet to supply new IntelliJet V hydraulic headbox to Andhra Paper Ltd. in India (relevance: 11.1%, date: Jan 18, 2022)
Valmet will supply a new IntelliJet V hydraulic headbox to Andhra Paper Ltd. for its Kadiyam facility in India. The start-up of the equipment is scheduled for the third quarter of 2022.

Sustainability milestone reached: Voith will be operating climate neutrally at all its sites as of January 1, 2022 (relevance: 11.1%, date: Jan 18, 2022)
Voith has achieved an ambitious sustainability goal: As of the beginning of 2022, Voith has successfully reduced the CO2 emissions at all its sites to "net zero." Therefore, the Group's operations will be climate neutral from January onwards.

Metsä Board to install core handling and roll handling systems at Husum Mill (relevance: 11.1%, date: Jan 18, 2022)
Core Link has been awarded a combined contract by Metsä Board for new Core Handling and Roll Handling systems, to ensure the planned production capacity increase on BM1 at the Metsä Board Husum Mill.

Valmet launches intelligent fiber furnish control to secure better refiner operation (relevance: 11.1%, date: Jan 18, 2022)
Valmet introduces the Valmet Fiber Furnish Control application package for board and papermakers to stabilize refiner operation for maximized production efficiency with ensured furnish quality. Based on real time measurements of multiple fiber properties and freeness, the control features advanced feedback and feedforward solutions together with model predictive control.

Enviva Inc. Completes its First Full Trading Day as a Corporation, Welcomes New Board Members, and Enhances its Executive Leadership Team (relevance: 11.1%, date: Jan 18, 2022)
Jan. 3 marks Enviva Inc.'s first full trading day as a corporation on the New York Stock Exchange (NYSE: EVA) following its successful conversion (the "Conversion") from Enviva Partners, LP, a master limited partnership, to Enviva Inc. ("Enviva"), a Delaware corporation, on December 31, 2021. As part of the Conversion, Enviva also announced the appointment of three new members to its board and changes that will further strengthen its executive leadership team.

Metsä Board to purchase all shares in Hämeenkyrön Voima Oy (relevance: 11.1%, date: Jan 18, 2022)
Metsä Board, part of Metsä Group, purchases from Pohjolan Voima Oyj all the shares in Hämeenkyrön Voima Oy that it owns. Metsä Board has announced its plan to purchase the shares on 27 September 2021.

Ilim Group signs strategic partnership agreements with Chinese companies (relevance: 11.1%, date: Jan 18, 2022)
Ilim Group has signed two trilateral strategic partnership agreements with Shanghai High Hope Pulp and Paper, with the third parties to these agreements being Hengan Group and Mudanjiang Heng Feng Paper, which consume Ilim's pulp and paperboard to produce their own P&P products.

Grupo Modelo Partners With WestRock and Grupo Gondi in Transition to CanCollar® Eco Packaging, Eliminating Over 100 Tons¹ of Plastic Waste (relevance: 11.1%, date: Jan 18, 2022)
In a partnership with WestRock and Grupo Gondi, Grupo Modelo is investing roughly 4 million dollars in the sustainable, fiber-based CanCollar® Eco solution in Quintana Roo, a Mexican state on the Yucatan Peninsula. The partnership aims to help advance the beer company's sustainability goals by eliminating its use of plastic rings in Mexico.

Sonoco Prices Inaugural Green Bond Offering (relevance: 11.1%, date: Jan 18, 2022)
Sonoco, one of the largest sustainable global packaging companies, announced the successful pricing of its first green bonds to support the Company's sustainability strategy.

Greif, Inc. Announces Definitive Agreement to Divest 50% Stake in Flexible Packaging Joint Venture to Gulf Refined Packaging for $123 million (relevance: 11.1%, date: Jan 18, 2022)
Greif, Inc., a global leader in industrial packaging products and services, announced today that it has entered into a definitive agreement to divest its 50% share in the Flexible Packaging joint venture, or "FPS" to Gulf Refined Packaging (GRP) for a total cash consideration of $123 million, subject to certain conditions and post-closing adjustments. Greif expects to use the proceeds for debt repayment.

The Paperworkers' Union has announced to continue its strike in several UPM mills in Finland (relevance: 11.1%, date: Jan 18, 2022)
The Finnish Paperworkers' Union has issued a new strike announcement to UPM, declaring that their strike at UPM's Finnish mills will be extended by two weeks until 5 February 2022, unless new agreements are reached before that. The Paperworkers' Union's strike at UPM Pulp, UPM Biofuels, UPM Communication Papers, UPM Specialty Papers and UPM Raflatac units in Finland started 1 January 2022.

Pactiv Evergreen to Sell its Carton Packaging and Filling Machinery Businesses in China, Korea and Taiwan (relevance: 11.1%, date: Jan 18, 2022)
Pactiv Evergreen Inc. announced that it has entered into a definitive agreement by its wholly-owned subsidiary, Evergreen Packaging International LLC (Evergreen Packaging), to sell its carton packaging and filling machinery businesses in China, Korea and Taiwan to SIG Schweizerische Industrie-Gesellschaft GmbH, a subsidiary of SIG Combibloc Group Ltd, for an enterprise value of approximately $335 million.

Graphic Packaging International Names New Executives in Americas and International Business Units (relevance: 11.1%, date: Jan 18, 2022)
Graphic Packaging Holding Company announced that Maggie Bidlingmaier will join Graphic Packaging as EVP and President of the Americas business unit.

Huhtamaki China takes its first step towards Huhtamaki's group target of using 100% renewable energy by 2030 by installing, commissioning solar panels (relevance: 11.1%, date: Jan 18, 2022)
Huhtamaki has taken a significant first step in China towards its global sustainability ambitions by installing and commissioning its first solar panel arrays at its factories in Guangzhou and Shanghai and successfully connecting these to the electricity grid on January 1, 2022.

Metsä Fibre announces management team changes (relevance: 11.1%, date: Jan 4, 2022)
Timi Hyppänen is appointed Senior Vice President, Supply Chain of Metsä Fibre, and a member of the company's Management Team as of 1 January 2022. In his new role, Hyppänen will report to Metsä Fibre's CEO Ismo Nousiainen.

Suzano to install energy-efficient Ash ReCrystallization plant at Barra do Riacho mill Brazil (relevance: 11.1%, date: Jan 4, 2022)
Andritz has received an order from the Brazilian pulp and paper company Suzano to deliver an energy-efficient Ash ReCrystallization (ARC) plant for the recovery boilers at its eucalyptus kraft pulp mill in Barra do Riacho, Brazil. The estimated start-up date for the ARC plant is the first half of 2022.

Valmet to supply oxygen delignification system to Arkhangelsk Pulp and Paper Mill in Russia (relevance: 11.1%, date: Jan 4, 2022)
Valmet will deliver an oxygen delignification system, including additional Valmet TwinRoll presses to Arkhangelsk's Pulp and Paper Mill in Novodvinsk, Russia. The order includes both technology and automation deliveries. The start-up of the new systems is scheduled for the second half of 2022.

Oy Essity Finland Ab to install quality control system (relevance: 11.1%, date: Jan 4, 2022)
Valmet will supply IQ Quality Control System to Oy Essity Finland Ab. The new system will replace the old third-party system and will be installed on production line 9 at the company's tissue mill in Nokia, Finland. The target is to optimize production and improve the quality of end-product. The delivery will take place in the first half of 2022.

SCA to install microwave consistency measurements at Ortviken mill in Sweden (relevance: 11.1%, date: Jan 4, 2022)
Valmet will supply eleven Valmet Microwave Consistency Measurements (Valmet MCA) to SCA's Ortviken mill in Sweden.

Graphic Packaging Holding Company Named to Newsweek's List of America's Most Responsible Companies for Second Year in a Row (relevance: 11.1%, date: Jan 4, 2022)
The Company was also recognized on Forbes' inaugural list of the World's Top Female-Friendly Companies. The list was based on sentiment compiled from a women-only survey with 85,000 participants, focusing on several aspects of the female employees' experience.

UFP Industries acquires Advantage Label & Packaging (relevance: 11.1%, date: Jan 4, 2022)
UFP Industries announced that its affiliate, UFP Packaging, LLC, has acquired Advantage Label & Packaging, Inc. (Advantage Label), a provider of labels and related equipment used in industrial packaging, for approximately $16 million. The transaction also includes $2.9 million for related real estate as well as incentive payments of up to $4.5 million over five years if certain performance goals are met.

Awards for Graphic Packaging (relevance: 11.1%, date: Jan 4, 2022)
Graphic Packaging International ('Graphic Packaging') is celebrating its accomplishments after scooping up five awards at the WorldStar Global Packaging Awards 2022.

SCA to hike NBSK price (relevance: 11.1%, date: Jan 4, 2022)
SCA will increase the price on NBSK pulp (Northern Bleached Softwood Kraft) in Europe by 40 USD per tonne from January 2022. The new price will be 1,300 USD.

UFP Industries makes acquisition (relevance: 11.1%, date: Jan 4, 2022)
UFP Industries announced that its subsidiary, Deckorators, Inc., has acquired Ultra Aluminum Manufacturing Inc. (Ultra), a leading manufacturer of aluminum fencing, gates and railing, for $25 million. The transaction includes $2 million to be paid if certain future performance goals are met.