Leading Stories

Reemphasizes Need for the Board to Immediately Repay Debt and Refinance RYAM's 2024 Senior Notes.

Stora Enso invests in ACDF Industrie SAS and becomes a 35% shareholder of the French wood processing company.

Paper Excellence announced that it is nearing completion of a significant project to winterize the pulp mill at Prince Albert Pulp Inc (PAPI). Winterizing the mill means that the interior of the mill is now heated for the first time since 2014, when the site last operated. The project will cost approximately $500,000.

Atlas Packaging, based in Barnstaple, North Devon, is a corrugated packaging provider with a strong market presence in shelf ready packaging, gift boxing and the e-commerce sector.

Mondi said the net asset value of its Russian operations was 687 million euros ($724.9 million) as of Dec. 31 and that it has suspended all significant capital expenditure projects in the country.

The evaluation of options is expected to be completed by the end of 2022.

UPM Biochemicals and KRAHN Chemie Deutschland GmbH signed an exclusive distribution agreement to market UPM BioMotionTM Renewable Functional Fillers (RFF) in Germany, Austria and Switzerland. RFF are a completely new category of functional fillers, replacing fossil-based carbon black and precipitated silica.

This acquisition was made for investment purposes and builds upon, and is complementary to, Interfor's recent expansion into Eastern Canada through the acquisition of EACOM Timber Corporation in February 2022.

Veritiv's approximately 900 employees in Canada are now employees of Imperial Dade.

There were no visible flames from the "heavy smolder" in a baghouse at the mill, according to Mill Manager Marty Rector.

Stora Enso will invest EUR 10 million at its Enocell pulp mill in Finland to replace fossil-based heavy fuel oil with renewable pitch oil. This will reduce the environmental impact of the operations and help in reaching the ambitious target for reducing greenhouse gas emissions.

The renovations are expected to take three years. In addition to improving safety and efficiency, a new production line will be installed.

To achieve net-zero, Canfor has developed near term science-based targets that include reducing the carbon emissions from pulp and wood products operations, which are defined as Scope 1 and Scope 2, by 42% by 2030 compared to our base year of 2020.

Pregis has invested in a new 1960 square meter (21,000 square foot) customer experience facility in Europe designed to provide a holistic solutions approach to protective packaging challenges and reduce costly waste incurred by damaged products.

Columbia Pulp LLC, headquartered in Dayton, was ordered to hand over its assets to a property management group just a few days before a court order would have mandated an auction of the multi-million dollar pulp mill on the Columbia County Courthouse steps.

UFP Industries, Inc. announced that President and COO Pat Webster will retire at the end of 2022 after a remarkable career spanning nearly four decades at the company. Over the next several months, Pat's duties will be transferred to existing or new members of the leadership team as part of the company's 2020 reorganization plan.

Essity has been operating in Russia since 1994.

UPM and the Paperworkers' Union have agreed on first-ever business-specific collective labour agreements for five UPM businesses. The strike at UPM mills in Finland will end immediately and employees will return to work. The strike covered UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac and UPM Biofuels units in Finland. UPM will restart customer deliveries as soon as possible.

Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company's Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso's Russian forest operation which through its harvesting supplies wood to the sawmills.

Amcor, a global leader in developing and producing responsible packaging solutions, announced an investment to establish new thermoforming capabilities for medical packaging in its Sligo, Ireland, healthcare packaging facility. The multi-million-dollar investment will strengthen Amcor's leadership in the growing industry for sterile packaging, offering customers in Europe and North America another site with comprehensive healthcare solutions.

Firemen removed a portion of a metal roof to attack the fire. There was no word on the extent of the loss.

Canfor Corporation will invest approximately $130 million to significantly upgrade and expand its sawmill and planer facility located in Urbana in Union County, Arkansas. The investment will capitalize on the abundant supply of high-quality fiber to enhance the manufacturing of high-value products, increase annual production at the facility by 115 million board feet, and result in a meaningful reduction in the facility's cost structure.

Conciliator Leo Suomaa has submitted settlement proposals to five businesses in collective bargaining between UPM's businesses and the Paperworkers' Union. The conciliator has asked the parties to state their position on the proposals on April 22, 2022, at 16:00 EEST. The proposals are to be approved or rejected as a whole.

Mercer International Inc. announced its 35% Greenhouse Gas reduction target by 2030 has been approved by the Science Based Targets initiative (SBTi) as consistent with the levels required to meet the goals of the Paris Agreement. The approval formally recognizes Mercer as a leading company and the first in Canada and one of the first North American companies in the forest and paper products sector with approved targets.

Weyerhaeuser Company announced an agreement to purchase 80,800 acres of high-quality timberlands in North and South Carolina from a fund managed by Campbell Global for approximately $265 million.