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Nordic Paper enters into agreement to sell minority shareholding in Åmotfors Energi AB (relevance: 11.1%, date: Oct 18, 2022)
Nordic Paper has entered into a binding agreement to sell its 37.6% minority shareholding in Åmotfors Energi AB to the utility infrastructure company Nevel AB.

Paper Excellence Announces Indefinite Curtailment of Catalyst Crofton Paper Mill Operations (relevance: 11.1%, date: Oct 18, 2022)
Paper Excellence announced the indefinite curtailment of its paper operations at the Catalyst Crofton facility starting in early December 2022. Paper markets in China served by the mill have significantly weakened while there have been substantial cost escalations for chemicals, energy and wood fibre used at Crofton. The intersection of these pressures has materially impacted the financial viability of the paper operation.

Sonoco Launches New URB Machine as Part of Project Horizon (relevance: 11.1%, date: Oct 18, 2022)
Sonoco, one of the largest sustainable global packaging companies, announced that the new uncoated recycled paperboard (URB) #10 machine is operational as part of its previously announced Project Horizon--the $125 million investment to transform its former corrugated medium machine in Hartsville, S.C to a state-of-the-art URB operation.

Conifex Timber temporarily curtails production at Mackenzie sawmill in British Columbia (relevance: 11.1%, date: Oct 18, 2022)
It is anticipated that the temporary curtailment will impact production capacity by approximately 7 million board feet in the 4Q.

Atlas Holdings completes acquisition of Crown Paper Group (relevance: 11.1%, date: Oct 18, 2022)
Atlas Holdings announced that it has completed the acquisition of Crown Paper Group ("Crown"), including Port Townsend Paper Corporation and Crown Corrugated Company, an integrated mill and containerboard operation with a strategic presence in the growing markets of the Pacific Northwest and Western Canada. Terms of the transaction were not disclosed.

Smurfit Kappa invests $100 million to drive down emissions in Colombia (relevance: 11.1%, date: Oct 18, 2022)
Paper and packaging giant Smurfit Kappa said it is investing almost $100m in a sustainable biomass boiler in Colombia which will reduce its global Scope 1 and Scope 2 CO2 emissions by about 6%.

Bast Fibre Technologies Inc. secures strategic investment from Ahlström Capital  (relevance: 11.1%, date: Oct 18, 2022)
Bast Fibre Technologies Inc. (BFT), the makers of sero™ hemp fibre, announced that it has closed a major strategic financing with Ahlström Capital of Finland. BFT will immediately begin work to expand fibre manufacturing capacity at its US-flagship facility in Lumberton (NC) and its EU-facility near Düsseldorf (NRW).

Georgia-Pacific Toledo, Oregon facility fined for air, water pollution (relevance: 11.1%, date: Oct 18, 2022)
The Oregon Department of Environmental Quality recently fined Georgia-Pacific's Toledo mill about $62,000 for alleged air and water quality violations, some dating back two years.

What they are telling us on LinkedIn--October 2022 (relevance: 11.1%, date: Oct 4, 2022)
People find people between 36 - 65 most credible

Disconnected Comparisons (relevance: 11.1%, date: Oct 4, 2022)
In this issue of Disconnected Comparisons, we evaluate Veritiv and Universal Forest Products.

RearView (relevance: 11.1%, date: Oct 4, 2022)
The PM40 closed 30 September 2022 down 6.1% from the 1 October 2021 level.

PM40 (relevance: 11.1%, date: Oct 4, 2022)
The PM40 closed Friday, 30 September 2022, at 4394.

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

BID Group to deliver new turnkey composite pallet block plant for ArbaBlox in Winona, Mississippi (relevance: 11.1%, date: Oct 4, 2022)
BID Group announces a new partnership with ArbaBlox Inc. to build its first state-of-the-art turnkey composite pallet block plant in Winona, Mississippi.

Valmet to supply key technology for Cheng Loong's new board machine in Vietnam (relevance: 11.1%, date: Oct 4, 2022)
Valmet will supply the Cheng Loong Binh Duong Paper Company with key process technology for its new containerboard machine 23 (BM 23) at the company's Ben Cat mill in Binh Duong Province in Vietnam. Valmet's delivery includes approach flow systems, headboxes, a press section, a sizer, process air systems, a winder, automation systems and Industrial Internet solutions.

Valmet to supply a coated board making line to a customer in the Asia-Pacific region (relevance: 11.1%, date: Oct 4, 2022)
Valmet will supply a coated board making line with automation and Industrial Internet solutions as well as spare parts and consumables packages to one of its customers in the Asia-Pacific region. The board making line with high productivity will produce folding coated board grades of premium quality.

Procter & Gamble: Protecting Forests for Generations to Come (relevance: 11.1%, date: Oct 4, 2022)
P&G continues to make progress on our commitment to keep forests as forests for generations to come, as communicated in our recently issued Forestry Practices Report 2022.

Smurfit Kappa: Consumer appetite for sustainable packaging grows despite turbulent year (relevance: 11.1%, date: Oct 4, 2022)
A new report by fashion retail authority Drapers, in partnership with Smurfit Kappa, has revealed that sustainable packaging is still an important factor in consumers' purchasing decisions.

Ingevity awarded gold rating for corporate social responsibility by EcoVadis, places in the top 3% in its industry (relevance: 11.1%, date: Oct 4, 2022)
Ingevity Corporation announced that it has received the gold rating for sustainability by EcoVadis, an independent organization that provides evidence-based sustainability assessments for companies within global supply chains, placing Ingevity in the top 3% of respondents in the specialty chemicals sector and affirming the company's commitment to its purpose to purify, protect and enhance the world.

Glatfelter Suspends Dividend as Part of Capital Allocation Reprioritization (relevance: 11.1%, date: Oct 4, 2022)
Glatfelter Corporation, a leading global supplier of engineered materials, today announced that the Board of Directors has suspended the Company's quarterly cash dividend as part of its focused efforts to optimize the operational and financial results of the business.

Georgia-Pacific Named 2022 SmartWay® High Performer (relevance: 11.1%, date: Oct 4, 2022)
Georgia-Pacific Consumer Products LP has been named one of the EPA's SmartWay® High Performers of 2022. This recognition was based on the company's initiative to undertake the task of shipping consumer goods while keeping environmental stewardship in mind.

UPM doubles the amount of deadwood in its forests to increase biodiversity (relevance: 11.1%, date: Oct 4, 2022)
UPM has set a target to increase the amount of deadwood in its commercial forests from the current level of about five cubic metres per hectare to ten cubic metres per hectare. In UPM's protected areas and commercial forests where a specific nature management target has been set, the deadwood target is 20 cubic metres per hectare. The new targets are part of UPM Forest Action, the UPM Forest Responsibility programme.

Mohawk Launches New Sustainable Promotion Titled "The Material is The Message" (relevance: 11.1%, date: Oct 4, 2022)
Mohawk's Sustainable Collection provides a powerful opportunity to add substance to sustainable storytelling. From hemp stalks to recycled cotton fiber, to the highest levels of PCW fiber and environmental certifications, these papers' origin story is evident in every sheet.

Sun Chemical Launches SUNFOODS Natural Colorants for Food and Beverage (relevance: 11.1%, date: Oct 4, 2022)
Sun Chemical has launched SUNFOODSTM Natural Colorants, a product line available in the Americas, Europe, Middle East, and Africa that can match a wide array of industry standard and custom colors that can be applied to a variety of food and beverage products.

Graphic Packaging Michigan mill issued emission violations after 'unannounced' state inspection (relevance: 11.1%, date: Oct 4, 2022)
State of Michigan environmental investigators have issued Graphic Packaging International multiple violations after an unannounced inspection in July, including one violation for releasing a chemical at a rate that exceeds the permitted emission limit.

Canfor Taylor pulp mill restart not expected until 2023 (relevance: 11.1%, date: Oct 4, 2022)
Michelle Ward, a spokesperson for Canfor, says, based on ongoing discussions with the company's transportation partners, the supply chain backlog is not expected to significantly improve before the end of the year.


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