Market News of Note

The European paper and board production has decreased by 3% in 2019 (European Paper Industry countries covered by the data: Austria, Belgium, Czech Republic, Finland, France, Germany, Hungary, Italy, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom), compared to the previous year, according to the Confederation of European Paper Industries (CEPI).

Paper Excellence Canada of Richmond says it will curtail pulp and paper production for 30 days at its Crofton operation, south of Nanaimo.

The increase will be around 8 to 10% in thermal papers depending on country.

Metsä Fibre has completed preparatory work of the Kemi bioproduct mill at the mill site as planned by the end of January 2020.

Stora Enso, one of Finland's biggest paper producers, has said the strike cost it 11 million euros ($12 million) for each week of industrial action.

Domtar Corp. has warned of an expected operating loss for the fourth quarter and sales that are below analyst expectations.

The IFRS fair valuations of Stora Enso's forest have increased significantly since the publication of the Group's third quarter results in October.

While demand for the glossy coated paper that has long been the Duluth mill's bread and butter continues to dwindle, Verso is eyeing a new market and a new staple product -- packaging.

An iconic sawmill in Kelowna is no more.

Layoff notices were handed out to employees at Northern Pulp in preparation for the closure of the company's mill on Jan. 31, 2020.

LSC Communications, Inc. announced that it received notification from the New York Stock Exchange that the NYSE has determined to commence proceedings to delist the Company's common stock from the NYSE and that trading in the Common Stock on the NYSE has been suspended, effective immediately.

Pregis is announcing another $5 million investment in its Pregis Films facility located in Grand Rapids, Michigan. Additionally, Pregis is leasing an additional 35,000 square feet in the same location for expanded warehousing capability.

Corner Brook Pulp and Paper announced this monrth it is restructuring staff to keep its labour costs in line, and that will mean a loss of permanent status for some workers at Newfoundland and Labrador's only newsprint mill.

IT Tech Packaging, Inc. announced the commercial launch of a new tissue paper production line (the "PM9 Production Line"), following the success of its trial production, the receipt of its disposed wastewater discharge permits and construction completion acceptance from Chinese environmental authorities.

Canfor Corporation announced it will be curtailing operations at all British Columbia sawmills at the end of December.

The stoppages are expected to reduce production by 30,000 cubic metres.

On Friday morning, Nov. 8, managers somberly gathered at the Tolko office in Kelowna to call 140 workers one by one to tell them the lumber mill will close forever Jan. 8.

Södra is adding another shift at its facility for cross-laminated timber in Värö and doubling capacity.

Norbord Inc. announced that effective mid-November, it will indefinitely curtail production on Line 1 of its two-line oriented strand board (OSB) mill in Cordele, Georgia until further notice.

Beetles, tariffs and mill closures have cut into Canada's share of the U.S. lumber market, lifting prices by about a third over the past year and shifting even more logging to the U.S. Southeast.

A roughly 350,300-square-foot warehouse and distribution facility in Mount Pleasant, Wisc. has been acquired by ND Paper, an Illinois-based paper and paper products maker, according to county records.

Corner Brook Pulp and Paper Limited will be shutting down one of its two paper machines for 11 days.

In August 2019, Brazilian exports of wood-based products (except pulp and paper) fell 22% in value compared to August 2018, from $282.4 million to $219.7 million, according to ITTO.

Rayonier Advanced Materials Inc. will increase prices of its high-alpha and high-viscosity Cellulose Specialties products (including acetate, ethers, micro-crystalline cellulose, nitrocellulose and other grades) by 6%, effective immediately, or as contracts allow.

Domtar Corporation announced that it will permanently shut down two of its paper machines.