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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, more than 150 papermaking innovators and legends have been enshrined. This month, we profile Luigi Lazzareschi, who was inducted into the Hall of Fame in 2018.

The PM40 closed Friday, 12 December 2025, at 5284.

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 12 December 2025 down 10.1% from the 13 December 2024 level.

In this issue of Disconnected Comparisons, we evaluate Nine Dragons and Boise Cascade.

Split-adjusted shares expected to begin trading on January 15, 2026; Second quarter fiscal 2026 per share metrics to be reported on a split-adjusted basis

Embarks on transformational, portfolio-wide strategy to catalyze growth, further strengthen competitive position and maximize cash generation capabilities.

The installation features the highest line load ever installed for paper production in South Korea.

Sofidel has completed a major rebuild of its PM1 tissue machine at the Roanne mill in France, a project designed to improve production efficiency and reduce the plant's environmental footprint, according to Toscotec.

Valmet introduces the renewed Valmet IQ Web Monitoring System (WMS), designed to elevate quality and efficiency in pulp, paper, tissue, as well as paper and board converting industries.

The recently commissioned systems include a lamella evaporation plant, an ARC chloride removal system, and a recovery boiler engineered for maximized electricity production.

Partnership will expand manufacturing platform to convert wood fiber into biocarbon products, accelerating scale supply to global metals producers.

German machine manufacturer Voith said it plans to cut up to 2,500 jobs, representing about 10% of its workforce, as part of a strategic review of its organizational structure and staffing levels.

The negotiations involved more than 950 employees across all staff groups in Finland, primarily located in Jyväskylä, Tikkurila in Vantaa, and Raisio. Valmet employs about 19,000 people worldwide, including approximately 6,000 in Finland.

The transaction would create a more efficient, adaptable and sustainable graphic paper business. It would create a structurally competitive cost base and supply security for the European and global customers.

The $7,000 fine was documented in October 2025, though state regulators said the mill later demonstrated compliance with an air pollutant limit.

Breakthrough gasification pilot project proves recyclability of diaper waste and other absorbent hygiene products.

UPM introduces UPM Circular Renewable BlackTM, a groundbreaking innovation that redefines the role of black as a color in sustainable packaging.

As the newest addition to Veritiv's TempSafe® portfolio of curbside-recyclable shippers, which spans multiple sizes and use cases across parcel and bulk shipments, TempSafe® PalletShield™ brings scalable sustainability and validated thermal performance to today's most demanding temperature-controlled distribution channels.

This initiative brings together science and stakeholder collaboration to drive solutions to biodiversity challenges at scale.

Multiple end-of-life scenarios were assessed, including regional recycling and full incineration.

The award signifies that SCA ranks among the global top performers in terms of transparency, strategic sustainability work, and concrete actions in these areas. In this year's CDP evaluation, SCA is placed on the A-List in the Climate and Forests categories.

The offering replaces the Polish bicycle manufacturer's previous cycle packaging, which relied on plastic materials.

This year, Metsä Group has burned 90 retention tree groups and carried out controlled burning on ten sites. New forest fire habitats were thus created for a total of 100 sites all over Finland. With these measures, Metsä Group promotes the living conditions of species dependent on forest fire sites with the aim of improving the state of forest nature in line with the principles of regenerative forestry.

Building on Strong Legacies highlights progress, transparency, and commitment to responsible growth