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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.

PM40 (relevance: 11.1%, date: Jan 17, 2023)
The PM40 closed Friday, 13 January 2023, at 5373.

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

International Paper Announces Changes to Executive Team (relevance: 11.1%, date: Jan 17, 2023)
International Paper announced changes to its senior leadership team today including the retirement of a long-serving executive and organizational shifts to enhance agility in serving customers and driving profitable growth.

Enviva's Statement Regarding the Dutch Parliament's Motion on Sustainably Sourced Biomass (relevance: 11.1%, date: Jan 17, 2023)
Enviva fully supports the principle that financial assistance should only be provided for woody biomass that is sourced sustainably.

Graphic Packaging kicks off 2023 with a bang with double success at Worldstar Awards (relevance: 11.1%, date: Jan 17, 2023)
The prestigious awards, held every year by the World Packaging Organization, celebrate the best of the best in structural design innovation across a variety of sectors. They are only open to packaging innovations that have previously won one of a select group of awards in the previous 12 months. This year's scheme received almost 500 entries.

Austrian Mayr-Melnhof Holz sells its only sawmill in Russia (relevance: 11.1%, date: Jan 17, 2023)
Austrian Mayr-Melnhof Holz sold its sawmill MM-Efimovsky in Russia to Aspek-Les, according to the Unified State Register of Legal Entities of Russia.

Sappi Partners With EcoVadis to Assess Suppliers' Sustainability Performance (relevance: 11.1%, date: Jan 17, 2023)
Sappi Limited has partnered with EcoVadis, a global leader in third-party evaluations of business sustainability performance, to benchmark and assess the sustainability practices of Sappi's suppliers and encourage their commitment to the United Nations Sustainable Development Goals.

Canfor to extend sawmill curtailments in British Columbia by two weeks (relevance: 11.1%, date: Jan 17, 2023)
Canfor Corporation will extend sawmill curtailments in British Columbia (B.C.) due to ongoing weak market conditions and the lack of available economic fibre, company announced.

WestRock labor dispute continues at Alabama mill, union rejects contract (relevance: 11.1%, date: Jan 17, 2023)
For the third time, members from three united steel workers unions have voted to reject what Westrock paper mill representatives call the company's last, best, and final offer.

After Illinois company LSC Communications closes 2 central Pa. plants, it will move work from those facilities to locations in Minnesota and Indiana (relevance: 11.1%, date: Jan 17, 2023)
LSC Communications, which is closing two plants in Lancaster County, and will lay off about 656 people, will move the work at those two locations to its long-run print facilities in Maple Grove, Minnesota and Warsaw, Indiana.

West Fraser Announces Indefinite Curtailment of Perry Sawmill in Florida (relevance: 11.1%, date: Jan 17, 2023)
The indefinite curtailment of Perry Sawmill will impact approximately 126 employees and will reduce West Fraser's US lumber production by 100 million board feet.

Duino mill now part of Mondi Group, Mondi to invest around €200 million in mill (relevance: 11.1%, date: Jan 17, 2023)
Mondi plans to invest around €200 million in converting the existing lightweight coated mechanical paper machine at the mill into a high-quality, cost-competitive recycled containerboard machine with an annual capacity of around 420,000 tonnes.

Central National Gottesman Inc. (CNG) Acquires Business Products Wholesaler S.P. Richards (SPR) (relevance: 11.1%, date: Jan 17, 2023)
The closing is expected to take place on January 31, 2023.

Cosmo Specialty Fibers receives new ownership group (relevance: 11.1%, date: Jan 17, 2023)
Cosmo Specialty Fibers Inc. has gained new ownership following more than 12 years since the mill was bought by The Gores Group, a Los Angeles-based private equity firm, in 2010. The United Kingdom-based firm, Charlestown Investments, is the new owner.

Thunder Bay: Resolute and Unifor Agree to New Deal (relevance: 11.1%, date: Jan 3, 2023)
Over 200 Unifor Local 5025 members voted strongly in favor of a new deal with Resolute Forest Product's Thunder Bay Sawmill that will see the current collective agreement re-opened and extended by 4 years to September 8th, 2028. The new extension will include key language improvements, an additional 24% average pay raise and achieve all provisions of Unifor's Eastern Canada Pulp and Paper Pattern established back in May.