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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.

Amcor sells facilities in Russia (relevance: 11.1%, date: Jan 3, 2023)
The cash and debt free consideration value is €370 million.

Contract Ratified For Domtar Dryden Unifor Mill Workers (relevance: 11.1%, date: Jan 3, 2023)
Over 450 Unifor members in Dryden have voted overwhelmingly in favor of three new contracts with Domtar.

The Final Word by Helen Roush (relevance: 11.1%, date: Jan 3, 2023)
Major winter storm wreaks havoc

Disconnected Comparisons (relevance: 11.1%, date: Jan 3, 2023)
The PM40 closed 30 December 2022 up 8.3% from the 31 December 2021 level. Over the same period, the Invesco Equal-Weight S&P 500 Index was down 13.2%.

Click here to view the RearView.

RearView (relevance: 11.1%, date: Jan 3, 2023)
The PM40 closed 30 December 2022 up 8.3% from the 31 December 2021 level.

PM40 (relevance: 11.1%, date: Jan 3, 2023)
The PM40 closed Friday, 30 December 2022, at 5116.

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

Rocky times ahead? (relevance: 11.1%, date: Jan 3, 2023)
We are starting off 2023 with some doubts.

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.