Major Announcements

Citing market and economic conditions, Paper Excellence is confirming they will not be proceeding with plans to restart the Prince Albert pulp mill. According to a statement Thursday night, they will instead explore options to divest the mill.

The Memphis-based paper maker on Tuesday said that Silvernail, who joined the company to take over the top job in May from Mark Sutton, will succeed Sutton this time around as well.

Stora Enso has appointed Pasi Kyckling as acting CFO until Niclas Rosenlew starts in his position as new CFO. Pasi will hold the role of acting CFO from 1 November 2024 until Niclas joins Stora Enso, at the latest in January 2025. As announced in May, Stora Enso's current CFO Seppo Parvi will assume a role with a company outside of the forest industry.

Amcor, a global leader in developing and producing responsible packaging solutions, announced that its Board of Directors has appointed Peter Konieczny as Chief Executive Officer (CEO). Mr. Konieczny has served as Interim CEO since April 2024. The Board also intends to nominate him as a director for election at the Company's Annual Meeting of Shareholders which is expected to be held in November 2024.

Ahlstrom, the global leader in masking and packaging tape base papers, has initiated a feasibility study for investing in tape base paper saturation and release coating capability. The feasibility study evaluates the most suitable approach to deliver these capabilities, and the final decision is expected to be made shortly after the study is completed.

Fred Stephan, previously President, Amcor Flexibles North America, has been appointed to the newly introduced role of Chief Operating Officer.

Greif, Inc., a global leader in industrial packaging products and services, announced the opening of its new facility in Pasir Gudang, Johor, Malaysia. This significant milestone marks a new chapter in Greif's commitment to delivering high-quality packaging solutions while contributing to the local economy.

CFO Mike Cole to add new role, President of Corporate Services.

Interfor announced that it will indefinitely curtail operations at its sawmills in Meldrim, Georgia and Summerville, South Carolina. These curtailments are in response to persistently weak lumber market conditions.

The Supervisory Board of Heinzel Holding GmbH announces the appointment of Karl Achleitner as Chief Operating Officer (COO) of Heinzel Holding, effective September 2, 2024. Achleitner will join the top management team of Heinzel Group, alongside CEO Sebastian Heinzel.

Nearly 10,000 Canadian rail workers will end their work stoppage after the Canada Industrial Relations Board sided with a federal order to resume operations at Canadian Pacific Kansas City and Canadian National Railway. The board also imposed binding arbitration to reach new collective agreements between the rail companies and the Teamsters Canada Rail Conference, the union representing the workers.

'We're not asking them to give the mill away," Unifor Local 233 president said, 'but to sell it for its market value and get out of town'.

While the precise intentions for the acquisition remain undisclosed, Green Bay Packaging's history of developing large plants throughout the country -- including a new 600,000-square-foot facility in Fort Worth and a 370,000-square-foot facility in Ohio -- indicates a pattern of strategic expansion, and it recently announced an expansion of its Great Lakes Packaging Division in Wisconsin with 270,000 square feet of manufacturing space.

The company that owns the mill, Willamette Falls Paper Company, says it will lay off 158 of its 223 total employees on August, 9th. Affected employees were notified on August 6th.

Mondi Group is pleased to announce the appointment of Sucheta Govil as an independent non-executive director of Mondi plc with effect from 1 October 2024.

John Baird, Chairman of the Canfor Corporation Board of Directors, announced that Don Kayne, President and Chief Executive Officer, plans to retire at the end of the year.

Suzano announces that Beto Abreu has assumed the role of CEO. As Suzano celebrates its centennial year and finalises construction of the Cerrado Project, the world's largest single-line pulp production facility in Ribas do Rio Pardo, Mato Grosso do Sul state, Abreu will now be responsible for leading the company's ambitious growth strategy.

DS Smith's Group Chief Executive has called for the new UK government to help make the UK a more attractive place to invest, and to align with EU regulation to support trade.

The Michigan Strategic Fund board on Tuesday voted to rescind $29.4 million in tax incentives for a $1.06 billion transformation of an Upper Peninsula paper mill after the facility's Swedish owner canceled the project earlier this year.

In a statement, Lenzing said its CEO Stephan Sielaff would not be renewing his contract with the company's management board, "by mutual agreement" with its supervisory board.

She is the first woman in the history of Saica as the head of the company.

Mats Nordlander, Head of Business Areas Containerboard and Pulp, has decided to leave SCA during 2024. Mats Nordlander will remain in his role as Head of the both Business Areas until December 31.

McKinley Paper Company plans to lay off 193 employees at its Port Angeles location on Aug. 25.

James K. Irving, a titan in Canadian business and industry, passed away at the age of 96, leaving behind a legacy deeply intertwined with the economic and social fabric of Canada. Born into the esteemed Irving family, James, along with his brothers, John (known as Jack) and Arthur, were the sons of K.C. Irving, whose vision and enterprise laid the groundwork for one of Canada's largest and most diversified conglomerates, J.D. Irving Ltd.

Metsä Group's pre-engineering project for a potential commercial-scale Muoto fibre product plant is progressing. After the pre-engineering phase, Metsä Group may consider making an investment decision. The partners selected for the pre-engineering project are Elomatic, SRV, Valmet Technologies and A-insinöörit Suunnittelu.