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The PM40 closed Friday, 15 October 2021, at 4345.

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

The PM40 closed 15 October 2021 up 38.9% from the 16 October 2020 level.

In this issue of Disconnected Comparisons, we evaluate Avery Dennison and CatchMark Timber.

Reported insider trading since the last issue of PaperMoney.

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, close to 150 papermaking innovators and legends have been enshrined. This month, we profile the late Robert W Hagemeyer, who was inducted into the Hall of Fame in 2003

AFT is pleased to announce the successful start-up of a new POM® approach flow system at Stora Enso Oulu on the recently converted and commissioned board machine 7. The machine is now producing a high quality kraftliner called AvantForte™ by Stora Enso in both brown and white top. The kraftliner product has three layers of fiber to feature the strongest in the Stora Enso kraftliner portfolio, an essential element for e-commerce and food packaging.

Allnorth Americas LLC (Allnorth) is pleased to announce the acquisition of Sheppard Engineering, LLC, (Sheppard Engineering), a full-service engineering consulting firm based out of Atlanta, Georgia. The agreement is effective October 1, 2021.

Andritz has received an order from SCA (Svenska Cellulosa Aktiebolaget) to rebuild a disc filter at their pulp mill in Ortviken, Sundsvall, Sweden.

BID Group has received an order from Georgia-Pacific to deliver a new sawmill at its Pineland, Texas operation which will replace the existing stud mill.

Bodman Services LLC is a reputed industry leader in their field with over 34 years of experience offering a full range of consulting services for chemical/vapor phase/mechanical cleaning applications.

Solenis, a leading global producer of specialty chemicals, will increase prices by 15 to 20 percent across all product lines in North America and Latin America, effective October 15, or as customer contracts allow.

Valmet will supply a complete tissue production line including stock preparation, automation system and a Focus rewinder to Arkhbum Tissue Group LLC. The new Advantage DCT 200 tissue line will be installed at the company's mill in Vorsino industrial park, Kaluga region in Russia.

The start-up is scheduled for 2023.

Ahlstrom-Munksjö expands its offering of sustainable tape backing solutions by launching a complete product range for pressure-sensitive packaging tape applications.

Essity is launching Cutimed Wound Navigator, a new digital solution for wound assessment. To provide patients with the right and most suitable care, the innovative mobile app records key wound characteristics, generates an assessment and helps healthcare professionals to select the appropriate wound product.

McDonald's is beginning to use wooden utensils, stir sticks and paper straws in more than 1,400 of its restaurants in Canada.

Mondi, a global leader in packaging and paper, is supplying a range of recyclable mono-material pet food packaging for Hau-Hau Champion, one of Finland's most recognised brands in the premium dog food segment.

Mondi, a global leader in packaging and paper, has added to its range of sustainable premium food and pet food packaging solutions with the launch of RetortPouch Recyclable.

A study released by R.R. Donnelley & Sons Company (RRD), a leading global provider of marketing and business communications, reveals that traditional marketing channels, including word of mouth, direct mail, and in-store signage, are largely untapped by marketers.

Smurfit Kappa Bag-in-Box introduces a new and more sustainable version of its highly regarded Vitop® tap, the new Vitop® Renew, which is made from bio-based PP resins. This innovative development now combines an approach already taken with the bag inside the box, which is manufactured of E-recycled film EVOH, containing raw materials issued from plastic chemical recycling. This means the new bags are composed of 53% recycled and renewable content.

Sonoco announced it has earned a Gold Medal rating by EcoVadis for the first time, the leading platform for environmental, social and ethical performance ratings for global supply chains.

Suzano, the world's leading eucalyptus pulp producer and one of Latin America's largest companies, will be showcasing its new innovative fluff pulp, Eucafluff, for the first time at Index 20 in Geneva on 19th -20th October.

UPM BioMotion™ Renewable Functional Fillers (RFF) represent UPM's latest revolutionary development in sustainable solutions. They address the urgent need to reduce CO₂ emissions of rubber and plastics products by offering a truly sustainable alternative to fossil-based carbon black and precipitated silica, the dominating functional fillers used in rubber and plastic products today.

Weyerhaeuser plans to expand its full line product offering of low-maintenance and environmentally sustainable TimberTech® Outdoor Living products and AZEK® Exteriors' products throughout the Texas market through its Dallas and Houston distribution centers.

The net proceeds from the offering of the Notes, together with cash on hand, are expected to be used to pay the purchase price of the acquisition of PMM Holding (Luxembourg) AG ("Jacob Holm"), to repay certain indebtedness of Jacob Holm, to repay outstanding revolving borrowings under the Credit Facility, and to pay estimated fees and expenses.

Greif, Inc. announced that it is implementing a $60 per ton price increase for all grades of uncoated recycled paperboard (URB) and a minimum 7.0 percent increase on all tube and core and protective packaging products.

Sonoco announced it will raise the price for all paperboard tubes and cores by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after November 8, 2021.

Sonoco said the price increase was in response to continued inflationary pressures on manufacturing costs, including energy, freight, chemicals, and packaging materials.

Essity and McDonald's are writing circular history with a recycling project that turns used paper cups into a new resource. Starting in 2020, the project consisting of a team from Essity, logistics partner HAVI, and McDonald's Deutschland LLC, has piloted different opportunities to give paper cup waste a new life.

A major new partnership between international real estate group, Lendlease, and one of the world's leading suppliers of sustainable timber, Stora Enso, is set to supercharge the use of environmentally friendly construction products in some of the world's most recognised cities.

Tetra Pak and Poka are pleased to announce the launch of a new strategic collaboration that brings together the expertise, technology, and best practices of Tetra Pak, a leader in the food & beverage packaging industry, with the power of Poka, the most comprehensive connected factory worker platform.

At this stage, UPM does not have information on the outcome of the inspection. UPM supports the Commission in its investigation but cannot comment any further on the ongoing investigation.

Mercer International Inc. announces that the European Union has opened a cartel investigation into the wood pulp sector and conducted inspections of major European pulp producers including the Company's German operations. The Company is cooperating with the investigation.

A regulatory commission in Mexico fined three manufacturers of tampons and diapers just over $15 million for allegedly conspiring to fix prices for the products.

Read Leaf Pulp says the mill will create 110 permanent full-time jobs, as well as 250 jobs during construction.

Progroup is planning to build a state-of-the-art refuse-derived fuel (RDF) power plant right next to its high-tech paper mill PM3 in Sandersdorf-Brehna, Germany. It will supply a large share of the process heat and electricity for PM3 in the future.

The transaction is expected to be completed in early November 2021, subject to the satisfaction of the remaining customary closing conditions set forth in the acquisition agreement.

Pactiv Evergreen Inc. announced that its wholly-owned subsidiary, Pactiv Evergreen Group Holdings Inc. has completed its acquisition of Fabri-Kal, a leading manufacturer of foodservice and consumer brand packaging solutions.

Pregis, a leading global manufacturer of protective and flexible packaging solutions, has acquired Danco Converting, Carol Stream, Illinois, from its privately-held owners.

The properties are located in the northeast region of North Carolina and the southeast region of Virginia, and consist of well-managed loblolly pine plantations. Roseburg already owns 158,000 acres of timberland in the Roanoke Valley, following a 2017 acquisition.

R.R. Donnelley & Sons Company announced that it has received an unsolicited proposal from Chatham Asset Management, LLC ("Chatham") to acquire all of the outstanding shares of RRD for $7.50 per share in cash.

Smurfit Kappa Group plc is pleased to announce that it has now completed the acquisition of Verzuolo for a purchase price of €360 million.

Elif employs approximately 1,500 people in its two manufacturing locations in Istanbul, Turkey and Cairo, Egypt.

West Fraser Timber Co. Ltd. announced that it has entered into an agreement to acquire the Angelina Forest Products lumber mill located in Lufkin, Texas for approximately $300 million, subject to certain post-closing adjustments.

Essity is investing in enhanced efficiency in the company´s site in Kawerau, New Zealand, including the world's first tissue machine running a fully geothermal steam drying process. Together with a reduction in pulp consumption, reduced waste and elimination of the burning of natural gas on the machine, the improvements will contribute to a reduction of carbon emissions by 23 percent from the Kawerau site.

Officials said the expansion will include the addition of a new paper machine and production line.

Metsä Tissue is planning to invest in a new tissue mill in the UK. The plan consists of 240,000 tons of tissue paper production capacity, built in several phases during the upcoming decade. The plans are part of the company's Future Mill programme to drive world class environmental performance in tissue production.

Ahlstrom-Munksjö's Cristal™ transparent packaging papers have recently achieved BPI® compostability certification and Cristal™ heat sealable papers have additionally received a How2Recycle® label.

Canfor Corporation announces our bold ambition to become a leader in sustainability, a vision that includes commitments to sustainable forestry, a stronger focus on safety, health, wellness, inclusion and diversity amongst our employees, and strengthening partnerships with Indigenous communities.

Cascades is pleased to announce that its fourth Sustainability Action Plan was a winner in the Medium and Large Business category of the Prix initiatives circulaires presented by Québec Circulaire.

The root cause of the incident is being investigated. Metsä Board is supporting the ongoing investigation with all the necessary resources.

UPM Raflatac's unprinted SmartCirle™ PE labels with acrylic and hotmelt adhesive technologies have received recognition from RecyClass.

Canfor Corporation is announcing changes to the senior leadership team. Pat Elliott has been appointed to the role of Chief Financial Officer (CFO) for Canfor and Canfor Pulp and will also retain his responsibilities as Senior Vice President, Sustainability.

Concerns over crime in downtown Seattle escalated sharply this past week after Weyerhaeuser reportedly delayed its return to its Pioneer Square headquarters due to neighborhood safety issues.