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The Final Word by Helen Roush (relevance: 100%, date: Jan 5, 2021)
Closures, cutbacks and capital projects

Capital Projects (relevance: 71.5%)
Capital Projects

Slogging Ahead? (relevance: 59.1%, date: Jan 4, 2022)
For many, the last couple of years have seemed like a never-ending march in some not so pleasant conditions. However, I do think it will make us all stronger, like most tough situations do. Remarkably, here at Paperitalo Publications, these have been excellent years for us. We don't know what next year holds, but for me at least, it would stifle the fun of it if we did. For a moment, however, let's see what 2021 did to us as an industry.

Market News of Note (relevance: 47.3%)
Market News of Note

The Pulp and Paper Industry does not slow down (relevance: 41.9%, date: Oct 5, 2020)
In my many decades in the industry, I can seldom remember times when our industry was as active and moving forward as it is now, Covid or no Covid. Perhaps the explosion in tissue growth in the 1970's was comparable, but I even doubt that. A rival could be when China burst upon the modern scene in the 1990's perhaps, but on a worldwide basis, now is about the busiest time I can remember. What's driving this? Several key factors are at work.

British Columbia invests $8.6 million through BC Manufacturing Jobs Fund into wood-product projects (relevance: 39.1%, date: Feb 6, 2024)
Government of British Columbia is injecting up to $8.6 million through the BC Manufacturing Jobs Fund (BCMJF) into eight capital projects. These projects aim to create and safeguard hundreds of jobs in the wood-product and fabricated-metal manufacturing sectors, fostering economic growth in local communities.

Sonoco's second quarter net sales decreased by 5 percent to $1.6 billion (relevance: 37.3%, date: Aug 6, 2024)
Sonoco Products Company reported financial results for its Q2 ended June 30, 2024. Net sales decreased 5% to $1.6 billion primarily driven by the Protective Solutions ("Protexic") divestiture, the closure of a thermoformed food packaging plant, the treatment of recycling operations as a procurement function beginning January 1, 2024 and lower selling prices; overall volumes were positive and up low single digits including the impact of acquisitions.

Inside information, positive profit warning: Valmet revises upwards its Comparable EBITA guidance for 2024 (relevance: 35.3%, date: Jun 18, 2024)
Valmet estimates that net sales in 2024 will remain at the previous year's level in comparison with 2023 (EUR 5,532 million) and Comparable EBITA in 2024 will increase in comparison with 2023 (EUR 619 million).

WestRock (WRK) (relevance: 35.1%)
WestRock (WRK)

RYAM Raises €67 million Green Capital to Invest in its Biomaterials Strategy (relevance: 34.7%, date: Nov 19, 2024)
Rayonier Advanced Materials Inc., the global leader in High Purity Cellulose, announced it has raised a €67 million in green capital.

Valmet to support SCA Obbola with further fiber line improvements (relevance: 34.5%, date: Jun 6, 2023)
Valmet will deliver two fiber line improvement projects to SCA Obbola mill in Sweden. The projects support SCA's earlier investments. The first installations will take place during the mill's spring shutdown in May 2023.

West Fraser's second quarter sales increased by 4.8 percent (relevance: 34.5%, date: Aug 6, 2024)
West Fraser Timber's Q2 2024 sales were $1.705 billion, compared to $1.627 billion in the Q1 2024. Q2 2024 earnings were $105 million, or $1.20 per diluted share, compared to $35 million, or $0.42 per diluted share in the Q1 2024. Q2 2024 Adjusted EBITDA was $272 million compared to $200 million in the Q1 2024.

What in the world is going on? (relevance: 34.4%, date: Jun 6, 2023)
While there are reports of downtime and diminished warehouse stocks, this past month has recorded the most Capital Spending, by project size and number of projects, than Paperitalo Publications has recorded in its history. Financing costs are high, and demand is down in some key grades. These short-term issues usually drive capital decisions. At least they have for the last fifty plus years. Speculation on the reasons for this anomaly...

UPM listed the only forest and paper industry company in the Dow Jones World and European Sustainability (relevance: 34.1%, date: Jan 7, 2025)
UPM has been listed as the only forest and paper industry company in the Dow Jones Global and European Sustainability Indices (DJSI) for the years 2024-2025. The indices cover environmental, social and governance aspects of responsibility.

Wrapping up an interesting year (relevance: 34%, date: Dec 2, 2025)
The industry has a more or less interesting year every year. This one has fit into the more interesting category.

Helena Stjernholm is proposed as the new chairman of SCA (relevance: 34%, date: Oct 17, 2023)
The Nomination Committee of SCA proposes that Helena Stjernholm be elected as chairman and member of the SCA board at the annual general meeting on March 22, 2024. SCA's current chairman, Pär Boman, as previously communicated, has declined re-election.

Rayonier Advanced Materials, Inc. (RYAM) (relevance: 33.3%)
Rayonier Advanced Materials, Inc. (RYAM)

Sonoco Products Co. (SON) (relevance: 33.2%)
Sonoco Products Co. (SON)

PotlatchDeltic reports fourth quarter revenues of $254.5 million (relevance: 33.1%, date: Feb 4, 2025)
PotlatchDeltic Corporation reported net income of $5.2 million, or $0.07 per diluted share, on revenues of $258.1 million for the quarter ended December 31, 2024.

Kruger Inc. Shares Its 2024 Sustainability Report and Its Commitment to Sustainable Prosperity (relevance: 32%, date: May 20, 2025)
This document highlights the Company's unwavering commitment to responsible business practices, which have guided its vision and operations for decades.

Sonoco (SON) (relevance: 32%)
Sonoco (SON)

Valmet changes its financial reporting structure aligned with new strategy and provides comparative segment information for 2024, January-March 2025 (relevance: 31.8%, date: Jun 17, 2025)
Valmet changes its financial reporting structure to reflect its new strategy, which was published today, and the new operating model announced on March 31, 2025. The new operating model and reporting structure will take effect on July 1, 2025.

Inside information, positive profit warning: Kemira upgrades its outlook for 2024 (relevance: 31.6%, date: Jun 18, 2024)
Kemira upgrades its outlook for 2024, particularly for operative EBITDA. Kemira's end-markets have continued to recover, and Kemira's strong performance in both segments has continued.

West Fraser adds incoming CEO McLaren as director (relevance: 31%, date: Dec 19, 2023)
Sean McLaren will succeed Ray Ferris as president and chief executive officer following Mr. Ferris's retirement at the end of the year. The board of directors has appointed Mr. McLaren to join the board of directors effective Jan. 1, 2024, in place of Mr. Ferris.

WestRock and ENGIE Sign Agreement to Add Renewable Energy to U.S. Grid (relevance: 31%, date: Nov 21, 2023)
Texas-based solar projects to support WestRock's pursuit of science-based targets for reduction of greenhouse gas emissions.