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Cruz Foam's new packaging products to become available through Atlantic Packaging partnership (relevance: 11.1%, date: Feb 21, 2023)
Cruz Foam, a circular materials company, announced the launch of a revolutionary new family of earth-friendly protective packaging products highlighting highly performant solutions to meet specific customer needs for shipping fragile and temperature-sensitive goods for consumers and businesses. Cruz Foam's patented compostable foam outperforms equivalent plastic-based products and exceeds current industry standards for sustainability.

Stora Enso publishes its 2022 Annual Report (relevance: 11.1%, date: Feb 21, 2023)
Stora Enso also reports against the SASB's Sustainability Accounting Standards for Forest Management and Containers & Packaging.

Sylvamo Enters Into Cooperation Agreement, Appoints Two New Independent Directors (relevance: 11.1%, date: Feb 21, 2023)
Effective March 1, Sylvamo will add Karl Meyers and Mark Wilde, expanding the company's board to 11 directors.

Twin Rivers Paper Recognized as Recycling Champion (relevance: 11.1%, date: Feb 21, 2023)
The Oneida-Herkimer Solid Waste Authority (OHSWA) recently honored the Little Falls, NY, operations of Twin Rivers Paper with their annual Recycling Champion Award for 2022. OHSWA recognizes one certified RecycleOne Business each year that has taken the initiative to reduce its solid waste stream through reduction, recycling and proper disposal.

Graphic Packaging eyes $1 billion investment; announces new mill in Waco, Texas (relevance: 11.1%, date: Feb 21, 2023)
The paperboard mill in Waco, Texas will follow the opening early last year of a similar plant in Kalamazoo, Mich., which was the first new coated-recycled paperboard line to be built in the U.S. in decades. Construction is expected to begin later this quarter and start-up is slated for late 2025.

Mill Rock Packaging Acquires Keystone Paper & Box Company (relevance: 11.1%, date: Feb 21, 2023)
Mill Rock Packaging Partners LLC ("Mill Rock Packaging") announced that it has acquired Keystone Paper & Box Company ("Keystone"), a leading specialty packaging company that manufactures custom folding cartons for consumer and healthcare end markets.

Procter & Gamble Paper Products Expands In Utah (relevance: 11.1%, date: Feb 21, 2023)
Procter & Gamble (P&G) will invest $400 million and bring at least 100 new jobs to rural Utah over the next 20 years.

James Kotek to Retire as Menasha President, CEO; Christopher Drees Appointed Successor (relevance: 11.1%, date: Feb 21, 2023)
Menasha Corporation announced that James M. Kotek will retire from his position as President and Chief Executive Officer in March. The Menasha Corporation Board of Directors has appointed Christopher D. Drees to succeed Kotek effective March 13, 2023. Drees will also join the Menasha Corporation Board on that date.

Ahlstrom Kaukauna mill won't be cited for worker's death (relevance: 11.1%, date: Feb 21, 2023)
One worker was killed Aug. 16, 2022 at the Ahlstrom paper mill, also known as the Thilmany mill.

Port Hawkesbury Paper agrees to harvest less (relevance: 11.1%, date: Feb 21, 2023)
The Province's agreements with Port Hawkesbury Paper have been updated to support sustainable ecological forestry practices and management of public lands.

RearView (relevance: 11.1%, date: Feb 7, 2023)
The PM40 closed 3 February 2023 up 24.4% from the 4 February 2022 level.

Counter Intuitive Management (relevance: 11.1%, date: Feb 7, 2023)
In the Wall Street Journal last Wednesday, there was a discussion on the decisions made by big oil. One had to read several stories to put it together, but the exercise was worthwhile and instructive. On the one hand, Chevron and Exxon have been following a strategy of staying the course and have been rewarded with eye-popping profits. On the other, BP has moved towards a mitigating climate change, ESG strategy and not performed so well. Just my luck, the one I owned in my little stock portfolio that my wife allows me to play with is BP. In the pulp and paper industry, senior management has the same sorts of decisions to make and I am not talking about climate change and ESG. What I mean is this--do you follow the crowd or do you chart your own path?

Valmet to rebuild cooking, fiberline and evaporation plant for Andhra Paper Limited in India (relevance: 11.1%, date: Feb 7, 2023)
Valmet has been selected to rebuild the cooking, fiberline and evaporation plant of Andhra Paper's Rajahmundry unit in India. The delivery is scheduled to take place in December 2023, and the start-up is planned for the first quarter 2024.

Valmet to rebuild Sappi's PM2 at Somerset mill in Maine (relevance: 11.1%, date: Feb 7, 2023)
Valmet will supply an extensive rebuild for Sappi's Somerset paper manufacturing facility in Skowhegan, Maine, USA. Previously, Valmet rebuilt the paper machine 1 (PM1) and with its success, Sappi has chosen Valmet again to rebuild the paper machine 2 (PM2).

Valmet to deliver key technology and automation solutions for the expansion project of Stora Enso's Oulu mill in Finland (relevance: 11.1%, date: Feb 7, 2023)
Valmet will deliver bleached chemi-thermo mechanical pulp (BCTMP), evaporation and non-condensable gas (NCG) technology as well as an extensive automation solutions package for Stora Enso's Oulu mill in Finland. The delivery is part of Stora Enso's approximately EUR 1 billion investment to convert the remaining idle paper machine at their Oulu site into a high-volume consumer board production line.

Amcor makes acquisition (relevance: 11.1%, date: Feb 7, 2023)
Amcor announced it has entered into an agreement to acquire Shanghai-based MDK. MDK generates annual sales of approximately $50 million and is a leading provider of medical device packaging, a key priority growth segment for Amcor.

Canfor Intercon Mill rocked by Dec. 13 incident that damaged dissolving tanks (relevance: 11.1%, date: Feb 7, 2023)
Nobody was injured but the mill was shut down as a result.

International Paper Company to Sell Stake in Ilim Joint Venture (relevance: 11.1%, date: Feb 7, 2023)
International Paper Company announced that it entered into an agreement to sell its 50% interest in Ilim SA to its joint venture partners for $484M. The company noted that the sale is subject to regulatory approvals in Russia.

U.S. to raise tariffs for Canada's two largest lumber companies as trade fight persists (relevance: 11.1%, date: Feb 7, 2023)
The US Commerce Department plans to raise tariffs on two of Canada's largest timber companies, while reducing tariffs on most other Canadian producers.

Michigan legislature approves $200 million for Billerud paper mill (relevance: 11.1%, date: Feb 7, 2023)
The roughly $200 million in state tax dollars earmarked for the Escanaba Mill will supplement a $1.06 billion investment by Swedish parent company Billerud to expand paper product production at the mill. The project would help the mill retain nearly 1,200 jobs at the 2,000-acre site in Wells and Escanaba townships in Delta County.

WestRock Paper Mill labor dispute resolved in Russell County, Alabama (relevance: 11.1%, date: Feb 7, 2023)
WestRock union workers have been on the picket line since Oct. 6th.

Georgia-Pacific closing facility in Texas (relevance: 11.1%, date: Feb 7, 2023)
Georgia-Pacific has scheduled the official retirement of its Quanah Acme Gypsum plant for March 1, 2023. In 2020, Georgia-Pacific announced it would be retiring the Acme plant and shifting production to other company facilities. Since then, the plant has been fully operational, producing the company's variety of gypsum products.

Capital projects of note in 2023 (relevance: 11.1%, date: Jan 17, 2023)
We are updating this list as these happen in the pulp, paper and forest products industry

Celebrating all things paper: The wonder and the legacy, continued (relevance: 11.1%, date: Jan 17, 2023)
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 the late Tad Bretting, who was president and CEO of C.G. Bretting Manufacturing Company in Ashland, Wisconsin, who was inducted into the Hall of Fame in 1999.

RearView (relevance: 11.1%, date: Jan 17, 2023)
The PM40 closed 13 January 2023 up 12.1% from the 14 January 2022 level.