Recent Articles

A few weeks ago, it was announced that The European Council and Parliament reached a provisional agreement to make packaging more sustainable and reduce packaging waste in the EU.

Reported insider trading since the last issue of PaperMoney.

Antti Jääskeläinen, Executive Vice President, UPM Raflatac, will be leaving UPM to assume the role of President and CEO in the Finnish logistics and distribution company Posti Group Oyj. He will continue with his duties in UPM until the end of July 2024.

Her appointment increases the percentage of women directors on Interfor's Board, to 30%.

Mercer International Inc. announced that Jimmy Lee is stepping down as Executive Chairman and director of the Company for personal health reasons.

Janne Rantanen has been appointed VP, Mill Manager of the Äänekoski bioproduct mill as of 1 April 2024. Rantanen is currently VP, Mill Manager of the Rauma pulp mill.

Metsä announced it had chosen Goole as the site for this landmark investment in September 2023. The planned investment would be worth hundreds of millions of pounds.

The Paper Workers' Union has terminated its collective agreements with UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac and UPM Biofuels businesses to expire mid-term on 21 or 22 April 2024, depending on the agreement.

Dakota Austin Cline died from blunt trauma to his head, neck and torso.

Enviva Inc., a producer of wood-based biomass, disclosed the execution of two Restructuring Support Agreements (RSAs) with its creditors, aiming to reduce its debt by approximately $1 billion.

Nordic Paper Holding AB (the "Company") has noted that Shanying International Holding Co., Ltd has announced that Shanying intends to sell all or part of its stake in Nordic Paper. It is further noted by the Company that the intentions are at an early stage and that there can be no guarantee that a sale will be achieved or at what terms, including price.

Finnish paperboard producer Metsa Board said it expects to temporarily shut down one of its mills later this week due to a two-week political strike affecting Finland's harbours and railroad system.

Godfrey Forest Products, a developer of engineered wood products like oriented strand board, plan to open a new mill on the land, creating 125 new jobs.

The change negotiations cover approximately 820 persons in UPM Pulp Finland's operations, approximately 340 persons in UPM Timber sawmills and approximately 1,100 persons in UPM Communication Papers Finnish mills.

Mondi recently puts a new slitting and rewinding unit into operation at its Slovak paper mill in Ružomberok. The equipment allows for an extended capacity in narrow reels thus complementing Mondi's portfolio offering.

Irving Forest Products, which operates sawmills in Ashland and Dixfield, Maine, announces the acquisition of Mill Services, Inc's value-added operation in Cobleskill, New York.

Deal represents a 33% premium to DS Smith's closing share price on Feb 7.

The company says the cessation of white paper production in in the Latrobe Valley contributed to the decision.

Through this expansion project, which received investments totaling $14.5 million and created 16 jobs, Kruger Products commissioned a new facial tissue converting line at its Richelieu Plant in November 2023. The additional equipment will increase the production of facial tissue by 25%.

The new Mumbai terminal, operational since February, will soon see the addition of another slitting machine. Its strategic central location extends UPM Raflatac's reach across the country.

UFP Industries' UFPI affiliate, UFP Packaging, inaugurated a new production facility and breakroom in Warrens, WI. The 11,840 sq.-ft. production facility and 2,400 sq.-ft. breakroom mark a significant expansion, allowing UFP Packaging to enhance its wood packaging offerings and accommodate up to 12 additional staff members.

The woodyard at Irving Pulp & Paper in west Saint John, New Brunswick, Canada, is reaching new heights in technological advancement with a C$110-million (approx. $81 million) project to update how the site receives and stores woodchips.

Mercer Mass Timber, a subsidiary of Mercer International Inc., announced the launch of its mass timber erection division: Mercer Mass Timber Construction Services.

Huhtamaki is planning to consolidate the production footprint in China in the Fiber Foodservice Europe-Asia-Oceania segment and will close its production sites in Tianjin and Shanghai by the end of Q2 2024.

On December 15, 2023, Essity announced that Isola Castle Ltd, a company indirectly wholly owned by Asia Pacific Resources International Limited (APRIL), has announced that it will make a pre-conditional public offer to the shareholders of Vinda International Holdings Limited (Vinda) to acquire the shares in Vinda for a price per share of HKD 23.50.