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The PM40 closed Friday, 31 July 2020, at 2927.

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 31 July 2020 down 7.8% from the 2 August 2019 level.

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

Reported insider trading since the last issue of PaperMoney.

This is directed at those companies with printing & writing machines shut down. May I suggest that perhaps your job today is to create demand? Yes, I know those machines are big, and turning just one on can flood us with more fine paper than we know what to do with, but perhaps it is worth a shot.

Paper manufacturer Heinzel Group demonstrated its future focus and adaptability last year by rebuilding its PM 10 from recovered magazine paper to corrugated medium.

Valmet will supply the eighth tissue line delivery including an extensive automation package to Turkish tissue producer Hayat Kimya.

Valmet will supply the world's largest bleached chemi thermo mechanical pulp (BCTMP) line to Guangxi Sun Paper Co., Ltd's new Beihai mill in China. The start-up is scheduled for the 4Q 2021.

Valmet will supply the world's largest bleached chemi thermo mechanical pulp (BCTMP) line to Guangxi Sun Paper Co., Ltd's new Beihai mill in China. The start-up is scheduled for the 4Q 2021.

Consumers have rushed to online shopping, a "seismic shift" that will steadily grow if retailers provide convenient deliveries and environmentally friendly packaging, according to a DS Smith survey with important cues for businesses eager to flourish in a post-lockdown world.

DS Smith Tecnicarton has designed and manufactured a new packaging for the metallurgical sector in four-wave laminated cardboard, especially suitable for heavy bulks in the sector, whether they are positioned or extendable parts.

It's more than just a box. That's why International Paper is donating 2 million for hunger relief.

Mondi, global leader in packaging and paper, has developed the world's first sustainable polycoated kraft (PCK) paper release liner, which is being launched on a global scale.

Mondi has launched a health and safety app as a new way to communicate to its colleagues on well-being in the workplace.

R.R. Donnelley & Sons Company announced that it has unified its Content and Creative Services (CCS) and Global Outsourcing (GO) capabilities to expand and streamline offerings for clients. By aligning these capabilities, the Company will be able to better address client needs through a single, centralized global resource platform for creative communications, managed services, transaction processing, and intelligent digital solutions.

Veritiv launches Vine, providing customers the packaging design quality and agility of a branding firm with the sourcing strength of a leading distribution company. Vine and its experienced team, backed by Veritiv, a Fortune 500 packaging leader, bridge the gap between ideas and execution, pairing innovation and design creativity with testing and supply chain expertise.

SCA has confirmed a new harvesting plan which shows that the harvesting level in the own forest will increase over the coming five years by an additional one million cubic meters per year more than the current level. The increased harvesting level gives an increased cash flow of 300-400 MSEK per year with full effect from 2025.

The new centre will be operated by Memorial University and the College of the North Atlantic, with Corner Brook Pulp and Paper Limited putting up a vacant building and signing on to handle the maintenance of it in the future.

DS Smith and GE Gas Power, a world leader in natural gas power technology, extend their partnership at the Lucca paper mill in Italy.

Dune Packaging Ltd has partnered with Mondi to grow its market share by offering more complex, multicolour designs on its open mouth paper bag packaging.

Stora Enso and Helsinki Olympic Stadium have signed a partnership agreement to develop low-carbon, eco-friendly operations at the stadium by promoting the use of renewable materials and circular economy solutions.

More than 30 former officers and directors of bankrupt paper company Appvion Inc have won dismissal of a lawsuit by a company employee benefit plan accusing them of inflating the value of its stock.

The paper mill in Grand Rapids, Minnesota, was fined $25,000 following a federal investigation into the December incident that led to the death of former professional hockey player Scot Kleinendorst.

Verso Corporation announced that due to the public health impact of the novel coronavirus (COVID-19) pandemic and to protect the health and well-being of its employees, stockholders and the broader community, Verso will hold its 2020 Annual Meeting of Stockholders in a virtual meeting format only, via live audio webcast.

Paper maker Verso Corp. will provide death benefits of $2,750 to each of 155 union retirees of a now-shuttered paper mill in Wickliffe, Ky., ending a proposed class action filed in the Southern District of Ohio.

As part of a large-scale investment program, Ilim Group is finalizing its environmental project worth $91 million that involves construction of a new Evaporation Plant (EVAP 8) with the highest capacity in Russia at Ilim's Mill in Bratsk, Russia.

Mondi Syktyvkar has completes a major step in the modernisation of its state of the art power plant, with a capital investment of around Euro135 million.

UPM has begun the construction of its third nursery in Uruguay, located in Central Uruguay, about 10 kilometers from Sarandí del Yí, Durazno. The investment is approximately $25 million.

Atlas Engineered Products ("AEP") has completed the acquisition of selected assets of Trusstem Industries Inc., marking a major milestone in AEP's plans for expansion into the Lower Mainland region of British Columbia, Canada.

Central National Gottesman Inc. (CNG), which owns sales and distribution businesses in the global pulp, paper, tissue, packaging, wood products and metals industries, announced that its Kelly/Spicers division has acquired Northern California-based American Packaging, further expanding its packaging business throughout the Western U.S.

Brazilian pulpmaker Klabin SA said on Wednesday it is planning a 367 million-real ($70.98 million) share offering in favor of Sogemar - Sociedade Geral de Marcas Ltda - shareholders to incorporate the company to its business.

Mondi Paper Bags, part of Mondi Group, a leading global packaging and paper manufacturer, has acquired two paper bag lines from Helwan Cement Company and InterCement Sacs, two major cement producers in Egypt.

O-I Glass, Inc. announced it completed the sale of its Australia and New Zealand (ANZ) business unit to Visy Industries.

BillerudKorsnäs has appointed Christoph Michalski as new President and CEO. He succeeds Lennart Holm, who has been acting President and CEO since November 2019. Christoph Michalski will assume his new position November 1, 2020.

Saica Group, one of the largest and most advanced European players in the development and production of recycled paper for corrugated packaging announced it is establishing its first North American facility near Cincinnati, Ohio.

Cascades Inc. announced that it will close its Etobicoke, Ontario Containerboard packaging facility as part of the strategic repositioning of its Containerboard platform in Ontario and the Corporation's continuing global optimization initiatives.

Greif Inc. will close a Town of Tonawanda packaging manufacturing facility that the company has operated for 22 years.

UPM's Jyväskylä plywood mill will be permanently closed on July 31, 2020, UPM announced. The jobs cut will be 147.

Saica Group, a privately owned company that is headquartered in Spain, announced on July 30th that it will be establishing its first corrugated manufacturing facility in the United States near Cincinnati, Ohio.

Avery Dennison Label and Packaging Materials announced that its Clear Biaxially Oriented Polypropylene (BOPP) film portfolio has been certified to comply with the Association of Plastic Recyclers (APR) Critical Guidance Protocol for HDPE recycling.

This past Spring, our sawmill in Ashland, Maine turned on a turbine that reduces the site's carbon footprint by 1000 tonnes of C02.

Metsä Board, a leading European producer of premium lightweight paperboards and part of Metsä Group, is very pleased to announce that its paperboards have now achieved DIN CERTCO certificates in industrial compostability complying with DIN EN 13432 and ASTM D6400 standards.

The province has accused Northern Pulp of misappropriating taxpayer funds and misrepresenting its financial state to allow it to funnel more money back to its parent company.

PotlatchDeltic Corporation announced effective Thursday, July 30, 2020, that no campfires or open burning will be allowed on its properties in the State of Idaho due to increasing fire danger in the region.

Smurfit Kappa has unveiled a new, state-of-the-art solar panel system in its Colombian Forestry operation. The Solar One photovoltaic system will generate 50% of the energy needs of the nursery and the entomology and plant pathology laboratories.

Sonoco has released its 2019-20 Corporate Responsibility Report highlighting the Company's ongoing efforts to achieve greater packaging sustainability and recycling and including an update on the ongoing efforts to improve environmental, governance and social measures.

Weyerhaeuser Company announced the launch of a new sustainability strategy that maps out ambitious commitments and goals for the next decade and beyond.

Ahlstrom-Munksjö announces a further investment in its Binzhou plant to be able to produce abrasive backing papers locally in China.

Earlier this year, everything was proceeding according to plan for the Dryden Mill's spring maintenance outage. The small community of about 8,000 people located in Northwestern Ontario, Canada, was also preparing for an influx of about 500 vendors and contractors.

Government and business leaders are working to save or find a buyer for a Verso Corp. paper mill that shut down in June, laying off hundreds of workers.

Ilim Group says it has started up a new woodroom at its Bratsk mill in Russia. The new woodroom includes three lines with an aggregate capacity of 5 million cubic meters of chips per year. The project investments amounted to $125 million.

Our Sawmills Division has recently completed a $4.9 million investment at the Kedgwick Sawmill. The modernization has meant work for nearly 60 contractors from other small communities from Bathurst to Edmundston.

At about 7:30 p.m. on Thursday, July 16, deputies were dispatched to the back gate of Verso's Escanaba Mill. While preparing to dump a wood chip trailer at the mill, a driver had heard a man yelling from inside the trailer. The driver left the mill and called law enforcement.

Sappi Europe is very pleased to report that its Alfeld site PM 3 is operational again as of the 20th of July, significantly ahead of the planned restart date. As previously reported the largest area of reconstruction focused on the machine hall with limited damage to the machine.

SCA has appointed Anders Edholm as new Senior Vice President Communications and member of SCA's Executive Management Team. Anders is succeeding Björn Lyngfelt, who will retire.

Overheating machinery is thought to be the cause of a minor fire at Sappi's Somerset Mill.

The Verso mill is in the process of idling this week in Wisconsin Rapids, but task force leaders say they have to continue to endeavor to find solutions for the future of the site.