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The PM40 closed Friday, 12 September 2025, at 5492.

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 September 2025 down 4.3% from the 13 September 2024 level.

In this issue of Disconnected Comparisons, we evaluate International Paper and Louisiana Pacific.

Coniferous Bidco AB has acquired over 90% of Nordic Paper shares.

Lumber prices have dropped 25% since early August, as uncertainty over tariffs, oversupply, and a slowdown in U.S. homebuilding continue to weigh on demand. In response, major North American producers are scaling back output.

The rebuild will enable a production capacity of 750,000 tons of highquality coated primary fiber board annually a new record in Europe.

The delivery and start-up are scheduled for the Q2 2026.

The Navigator Company, a leading company in the international pulp and paper market from Portugal, has selected AFRY to conduct a comprehensive asset integrity assessment for its Setubal, Aveiro, and Figueira pulp mills.

The plant will produce up to 640,000 metric tons of recycled containerboard annually, thereby increasing Modern Karton's total production capacity to almost two million metric tons per year.

Green Bay Packaging has significantly improved operational reliability and detrashing throughput at its Green Bay, WI facility through the implementation of Voith's OnControl.Pulping Detrashing solution.

Valmet has received an order from Klingele Paper & Packaging for an automation solution to increase resource efficiency through digitalization at the Weener paper mill in Germany.

The scope of supply includes advanced automation and digitalization solutions for maximum use of the boiler's potential.

Valmet and Helen Oy have signed a comprehensive four-year service agreement to ensure long-term performance for the newly converted wood-pellet-fired K7 BFB-boiler in Helen's Salmisaari power plant in Helsinki, Finland.

Södra's sawmill in Värö is the first in the industry to adopt a new, enhanced scanning solution that enables strength grading of timber with even greater precision. This investment allows Södra to make better use of each tree and strengthen its competitiveness in the market.

In 2024, Södra decided to invest in an electric, heavy-duty truck to be integrated into the company's logistics chain. The vehicle is now being put into operation within the production activities, and its use will be evaluated under real conditions over two years.

The innovative solution is made from Mondi's re/cycle FunctionalBarrier Paper range and designed for recycling according to the 4evergreen 'Design for Circularity Guidelines'.

With SBTi validation of its emissions reduction targets for 2030.

In response to rising demand for recyclable packaging that performs under pressure, Billerud introduces two new cartonboard grades: CrownBoard Carry and CrownBoard Light. Designed for strength and moisture resistance, the new packaging materials expand the CrownBoard portfolio and support brand owners in meeting both performance and sustainability goals.

National recognition highlights LP as one of the country's top employers.

Around the world, mass timber kits are enabling faster, healthier, and more sustainable schools-designed for learning and built with high carbon-storing materials that will serve the next generations of thinkers and creators.

To further support waste diversion, customers can even leave dry, leftover paper products inside the dispensers. Once received, the dispensers are sorted, shredded and transformed into an alternative fuel source, a substitute for fossil fuel, used in the production of cement and building materials.

UPM Specialty Papers has partnered with EvoPak to support Walkers Chocolates' transition from a plastic wrapper to recyclable paper-based packaging. This will help Walkers Chocolates achieve its sustainable packaging ambition while reducing plastic usage across their site.

During the seven years of transformation since Graphic Packaging International acquired International Paper's consumer packaging business, the company has worked to become the king of cups -- an ongoing growth driver for GPI.

Sappi Europe is strengthening its position as a leader in sustainable packaging with the launch of Guard Pro OHS and Guard Pro OMH.

Employees that are closest to the work are usually the first to identify areas of improvement. The reliability team at Georgia-Pacific's Toledo containerboard mill, tasked with ensuring the machines operate optimally, planned and executed a project that brought value to the facility.