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Showing 9 articles from June 13, 2024.

Jim's Articles

Week of 17 June 2024: Procurement--Understanding the Legal Aspects
Week of 17 June 2024: Procurement--Understanding the Legal Aspects

Forty years ago, I was up to my eyeballs in a major rebuild of the paper machine where I worked. One day, a couple of months before the actual commencement of the shutdown for the rebuild, I got a call in my office. It was a truck driver that was in the administration building. He had walked there from where he left his truck, about two miles down the road (no cell phones in those days). I went out to see what I could do for him. He took me to his truck. It was barely off the two-lane highway. One set of the trailer's rear axle tires were gone, and the wheel hubs were worn down to the axle. We are talking about two axles.

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Perspectives

Wildfire Risk Management
Wildfire Risk Management

There were 55,571 wildfires in 2023 across the US, according to the National Centers for Environmental Information. On May 20, 2024, a memo was sent from the US Secretary of the Interior to several agencies with a 2024 direction to wildland fire leadership.

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Industry News

Conifex Timber secures $25 million term loan
Conifex Timber secures $25 million term loan

Conifex Timber Inc. announced that it has completed a $25 million secured term loan with PenderFund Capital Management Ltd. ("Pender"), an independent investment firm located in Vancouver, British Columbia, Canada. A portion of the term loan was utilized to repay and retire Conifex's existing lumber segment credit facility with Wells Fargo Capital Finance Corporation Canada in the amount of approximately $11 million. The balance of the term loan will be available for working capital and general corporate purposes.

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Monadnock Paper Mills Redefines Sustainable Giving with 100% Post-Consumer Waste Gift Card Solution
Monadnock Paper Mills Redefines Sustainable Giving with 100% Post-Consumer Waste Gift Card Solution

In today's retail landscape, gift cards are a popular staple of modern shopping experiences for busy consumers. However, this convenience comes at a considerable environmental cost. According to the International Card Manufacturers Association (ICMA), nearly 30 billion plastic cards are produced globally each year.

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Sappi Wins Telly and TITAN Awards for
Sappi Wins Telly and TITAN Awards for "The Power of Trees" Video

The video campaign showcases Sappi's dedication to responsible forestry management using recyclable wood fiber.

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Leading Stories

Hundreds evacuated from Kimberly Clark facility during fire
Hundreds evacuated from Kimberly Clark facility during fire

The cause is under investigation by the fire marshal's office.

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Metsä Group and Andritz start investigation on capturing wood-based carbon dioxide
Metsä Group and Andritz start investigation on capturing wood-based carbon dioxide

Metsä Group and the technology company Andritz will investigate the possibility of building a carbon capture facility in connection with the bioproduct mill. The work focuses on the capture of 4 million tonnes of carbon dioxide from a mill the size of the Kemi bioproduct mill. The Kemi mill is the largest wood-processing mill in the northern hemisphere.

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WestRock, Smurfit Kappa Stockholders Approve Combination
WestRock, Smurfit Kappa Stockholders Approve Combination

WestRock Company, a leading provider of sustainable fiber-based paper and packaging solutions, announced that, based on the preliminary vote count, WestRock stockholders voted to approve the Transaction Agreement and other proposals related to the combination of Smurfit Kappa Group plc ("Smurfit Kappa") and WestRock (the "Combination") at WestRock's Special Meeting of Stockholders held earlier today (June 13).

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Supplier News

Toscotec upgrades tissue machine at Fortissue's Viana do Castelo mill in Portugal

The project is scheduled to be completed by the end of 2024.

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