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The PM40 closed Friday, 28 February 2025, at 5826.

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 28 February 2025 up 5.6% from the 1 March 2024 level.

In this issue of Disconnected Comparisons, we evaluate International Paper and Rayonier Advanced Materials.

The Trump Administration's executive orders cut across dozens of industries. This searchable tool breaks down the orders and their impact.

The tissue industry has done this before, are they about to do it again?

Five Continents Special Paper (Hubei) placed an order with A.Celli for new E-WIND P100 paper winder for the test liner and fluting paper production plant in Hanchuan, Hubei Province, China.

Aikawa Fiber Technologies (AFT) is pleased to announce the appointment of Mr. Jeff Hartman as Chief Operating Officer (COO), effective February 18, 2025.

The order was recorded in Valmet's fourth-quarter 2024 orders, with delivery set for the second quarter of 2025.

Suzano has reached remarkable production milestones at its new pulp mill in Ribas do Rio Pardo, Brazil, delivered by ANDRITZ.

Toscotec has recently completed a dryer section rebuild including more than 10 TT SteelDryer cylinders at a leading American paper producer that remains confidential. This group has placed numerous repeat orders relating to four different production bases in the USA. In North America, Toscotec has installed more than 70 TT SteelDryers to date.

Rexcell Tissue & Airlaid started up PM1 after a complete rebuild of the drying section supplied by Toscotec at its Skåpafors mill in Sweden. With this successful project, Rexcell achieved the targets of substantially bringing down PM1's thermal energy consumption through the use of energy-efficient drying technology and increase the machine's production capacity.

In Ovar, Portugal, Valmet manufactures dryer fabrics used in board and paper production.

The start-up is scheduled for the third quarter 2025.

Valmet is to supply the first Valmet IQ Quality Management System for a barrier coating line to Santa Maria's paper mill in Guarapuava, Paraná state, Brazil.

With the CleanLine Extract360, leading full-line supplier Voith is launching a new, highly effective fabric cleaning system for the dryer section of paper machines.

In West Monroe, La. Voith Paper is modernizing and expanding its roll service facility. According to officials, the project is expected to support regional economic growth with an increase in operational capacity and additional manufacturing jobs.

Andritz has successfully started up another pressurized refining system at the Wisewoods mill in Phetchaburi, Thailand.

U.S. President Donald Trump announced on Thursday, Feb. 27, that his proposed 25% tariffs on Mexican and Canadian goods will take effect on March 4 as planned.

The U.S. Department of Commerce has launched its seventh administrative review of anti-dumping and countervailing duties on Canadian softwood lumber for the period from January 1, 2024, to December 31, 2024.

Nippon Paper Industries, Sumitomo Corporation, and Green Earth Institute have reached an agreement to establish a joint venture company, Morisora Bio Refinery LLC, which will focus on the production and sale of bioethanol and biochemicals derived from woody biomass. Establishment of the joint venture is scheduled for March 2025.

The companies will begin a strategic review of Woodspin and will renegotiate the exclusivity rights.

According to the ordinance's language, Kimberly-Clark Corporation and Kimberly-Clark Palmetto Inc. "acting for themselves, one or more current or future affiliates, and other project sponsors" would like to "establish and/or expand a manufacturing and distribution facility in county."

First Quality Tissue Midwest will invest $984 million in the project and has committed to create more than 400 new jobs and $22.5 million in new annual payroll by 2032.

Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions for food, beverage and industrial applications, announced a $50 million investment in its Cedar Rapids, Iowa facility to modernize and expand the production of industrial starches for the packaging and papermaking industries.

Kruger Inc. announced a $6.5-million investment to implement an innovation project aimed at diversifying production at its Wayagamack Mill in Trois-Rivières.

New facility project will store up to 9,000 pallets and support local employment, reinforcing Saica Group's long-term commitment to the UK Northeast market.

Amcor plc and Berry Global Group, Inc. announce that at their respective shareholder meetings, held yesterday, shareholders of both companies overwhelmingly voted to approve the combination of these two companies. This approval satisfies the shareholder vote condition for the combination, originally announced in November 2024.

Paper and packaging company Mondi notified the European Union's merger watchdog of its plan to buy Schumacher Packaging's western European assets for 634 million euros ($660.8 million).

Tim Nicholls named Executive Vice President and President of DS Smith, an International Paper company; Lance Loeffler named Senior Vice President and Chief Financial Officer

Irving Paper says it has permanently shut down 50 percent of its operations due to New Brunswick's "uncompetitive industrial electricity rates."

ND Paper plans to re-start PM 25 at its Biron, Wisconsin mill. This machine was idled in April of 2023. With the successful conversion of PM 26 at Biron to recycled packaging and the growing demand for ND Paper's packaging products, the Company to add the capacity of PM 25 back to its portfolio.

Robert P. Mundy, PCA's Executive Vice President and Chief Financial Officer, will step down as CFO on May 1, 2025 and remain employed by PCA in an advisory role through his planned retirement date of March 1, 2026. Bob has served as PCA's CFO since 2015. Kent A. Pflederer, PCA's General Counsel since he joined PCA in 2007, will become PCA's Executive Vice President and CFO on May 1, 2025.

Sealed Air Corporation announced that Emile Chammas, Senior Vice President and Chief Operating Officer, will depart from the company effective April 1, 2025. The departure is a mutual agreement, according to the company's latest 8-K filing with the Securities and Exchange Commission.

Recyclable single coated paper cups for yogurt and diary

British Columbia-based forestry giant Interfor reaped an estimated $1.8 million in net profit from logging in old-growth areas that were meant to be preserved, a decision by the province's Forest Appeals Commission says.

The PERTE would involve a total investment of Euro 101.5 million and the creation of 440 direct and indirect jobs.

Multiple fire department responded to a structure fire at a PotlatchDeltic Forsyth Township lumber mill Friday morning, Feb. 28.

A fire was reported Sunday morning at the Procter & Gamble plant in Oxnard, resulting in apparent smoke inhalation for two workers who were taken to a local hospital for evaluation.

Tolko Industries, based in Vernon, B.C., has cut its consultant workforce, resulting in several people losing their jobs.

Two of Domtar's values are collaboration and entrepreneurship, qualities the Nekoosa, Wisconsin, mill recently demonstrated via a partnership that turned a costly sourcing challenge into an innovative project with environmental, operational and economic benefits.

Firefighters arrived at the scene at 7:51 a.m. to find a large explosion had occurred, with fire spreading throughout the east end of the building. Multiple agencies from nearby cities also responded to the incident.

Firefighters put out a fire at the Georgia-Pacific paper mill in Zachary on Thursday, Feb. 27.

Fire crews returned to the Weyerhaeuser Plant in Columbia Falls early Friday morning, Feb. 21, to extinguish a fire.

Firefighters responded to a call of a fire at Cheney Pulp and Paper in Franklin at around 6:25 a.m. on Wednesday, Feb. 19. Upon arriving they found nobody suffering from injuries, and managed to extinguish the majority of the fire relatively quickly.