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The PM40 closed Friday, 16 May 2025, at 5241.

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 16 May 2025 down 9.5% from the 17 May 2024 level.

In this issue of Disconnected Comparisons, we evaluate Clearwater Paper and Boise Cascade.

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

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, more than 150 papermaking innovators and legends have been enshrined. This month, we profile the late John Frambach Stoveken, who was inducted into the Hall of Fame in 2011.

I solemnly swear. Have you ever had to testify on behalf of your employer in a legal matter?

ABB has signed a Memorandum of Understanding (MoU) agreement with Raumaster Paper to jointly explore integrated winder solutions in the US, helping paper mills enhance operational efficiency and extend the lifecycle of existing equipment.

Aikawa Fiber Technologies (AFT) is proud to announce it has been selected to supply a complete stock preparation system for a new 250 TPD production line at Papertech's mill in Bangladesh.

Start-up of the new equipment is scheduled for the second half of 2027.

Questions and answers on the topic by Maflex.

Andritz has successfully started up a complete neXline spunlace line for International Paper LLC Uzbek at its plant in Tashkent, Uzbekistan.

This installation marks the ninth shoe press delivered to Lee & Man Paper by Andritz and the sixth PrimePress X shoe press installed in Malaysia.

The newest addition to the SupplyOne portfolio is a national leader in digital packaging production and distribution, including custom boxes, retail displays, and product labels.

The new operation is scheduled to start in the Q3 2026.

Tietoevry Tech Services has signed a new three-year agreement with Metsä Group. The agreement covers all of Metsä Group's IT infrastructure services, according to a press release.

The delivery is scheduled for August 2025, and the start-up for September.

Ahlstrom, a global leader in fiber-based specialty materials, launches Ahlstrom Optipad™, a new high-performance filter pad, designed for hot cooking oil filtration. It's a cutting-edge solution that brings together innovation, sustainability, and simplicity, extending oil lifetime up to 50% and enhancing ease of use.

The Supplier Innovation Award celebrates partners who deliver creative, value-driven solutions that extend beyond contractual obligations.

It offers the optimal balance between quality, a natural look and excellent machine performance.

The storefront, originally launched in 2023 for LP® Structural Solutions, now offers expanded product options.

The global environmental non-profit CDP has published the corporate scores for 2024 disclosures. Out of 22,700 companies scored, only eight companies globally received the best Triple A rating across climate, forests and water security. Metsä Board, part of Metsä Group, was one of these eight companies and the only forest industry company among these highest scored companies.

Eco-Products' new line of Veda containers is honored with the Bronze Stevie Award in the Reuse and Recycle category of the American Business Awards.

New access to programmatic buying makes it easier than ever for CPGs to advertise on In-Store Connect by Quad.

Rayonier Advanced Materials Inc., the global leader in High Purity Cellulose, today announced that Chief Financial Officer and Senior Vice President of Finance, Marcus Moeltner, will participate in a fireside chat with coverage analyst Dmitry Silversteyn from Water Tower Research on Wednesday, May 21, 2025.

"The Touch Advantage" reveals how premium packaging influences sales and customer satisfaction.

Stora Enso is expanding its core packaging material offering with the launch of Performa Nova, a next-generation folding boxboard (FBB) that combines high yield with exceptional performance. The new board is designed to meet the growing demand for renewable, recyclable, and efficient packaging solutions in segments such as dry, frozen, and chilled food, chocolate, and confectionery.

Canada and the United States have been without a softwood lumber deal since 2015 and B.C. softwood lumber exporters pay duties of 14.4 per cent with those expected to jump to 34.5 per cent in the fall.

Q1 2025 operating loss of $29 million; shareholder net loss of $31 million, or $0.26 per share.

Sales of $1,154 million (compared with $1,211 million in Q4 2024 and $1,109 million in Q1 2024)

"Most of our customers that export, especially to the U.S., really don't know what the price of their goods is going to be," said Cristian Infante, who heads Copec's forestry arm Arauco, in a presentation. "So they're trying to buy as little as possible."

Operations generated $2.8bn in 2024 in three countries with eight mills and two conversion facilities.

Adjusted EBITDA of $49 million and Net Loss of $35 million

Kimberly-Clark expects that its common stock will cease trading on the NYSE at market close on Thursday, May 29, 2025, and will commence trading on Nasdaq on Friday, May 30, 2025.

Revenue was $546.1 million in Q1 2025 compared to $479.4 million in Q1 2024, an increase of $66.7 million or 13.9%.

Net sales for the first quarter of 2025 remained flat at $724 million.

GAAP: Net sales of $824 million, Operating income of $4 million.

Sales of $484.8 million decreased 3.1% year over year, and 0.2% on an organic basis

Mondi PLC reported on Thursday its profitability was robust for the first quarter of 2025, crediting a rise in sales volumes and cost-control efforts.

Net Loss for the quarter of $32 million, a $30 million decline from prior year quarter.

Suzano, the world's largest pulp producer, announces its first quarter results for 2025 (1Q25) with record net revenue of R$11.6 billion, up 22% on the same quarter last year (1Q24). The result was driven by the exchange rates, increased pulp sales volumes from the new Ribas do Rio Pardo mill, higher paper volume and prices and the positive contribution from our paperboard mills recently acquired in the U.S.

Net income of $27 million ($0.65 per diluted share) vs. $81 million ($1.94 per diluted share)

Hoffmann Green Cement Technologies, an industrial player committed to the decarbonation of the construction sector that designs and markets innovative clinker-free cements, today announces the signing of a strategic partnership with Norske Skog Golbey, a key player in the recycled fiber paper industry and France's leading paper recycler.

Domtar is working to build circular economies at each of our mills. That includes partnerships with maple syrup producers and events that share a love of maple syrup -- a Canadian staple -- with local residents.

Metsä Group and Amcor, a global leader in developing and producing responsible packaging solutions, announced a strategic collaboration to develop three-dimensional moulded fibre packaging solutions with lidding and liner for a variety of food applications.

The settlement, which the company said is not an admission of liability, stems from a 2019 lawsuit, in which New Jersey officials sued chemical makers DuPont, Chemours and 3M to pay for the clean-up of years of contamination caused by toxic chemicals commonly known as PFAS.

Södra has reached an agreement with Robert Jan de Waard and Ronald Rijswijk to acquire all shares in the Dutch company Smartt Timber BV.

Smurfit Westrock says it intends to prepare its closing St. Paul paper recycling facility site for sale and redevelopment "as soon as possible" following a planned closure this summer.

Operations generated $2.8bn in 2024 in three countries with eight mills and two conversion facilities.

Employees at the Cedar Springs Containerboard mill in Georgia were told today (May 14) that Georgia-Pacific plans to permanently close the operation later this year. Most positions will be eliminated by August 1, 2025. All jobs at the Cedar Springs mill will eventually be impacted.

Torres has served as President of Kimberly-Clark's North America business since October 2024, responsible for the Company's personal care, family care and professional businesses in North America.

Two-Day Online Auction Scheduled for June 4-5, 2025, Featuring Extensive Paper Production Equipment from a 135-Year-Old Facility

Essity's Board of Directors has today appointed Ulrika Kolsrud as President and CEO. Ulrika Kolsrud will assume her position on June 1, 2025. Currently, she holds the position as President of Essity's business unit Health & Medical. She succeeds Magnus Groth, who earlier this year informed the Board that he will leave his position during the year.

As part of its strategic growth initiative, and commitment to the Rio Grande Valley, the company will make strategic investments to convert the current Edinburg, Tex. sheet plant into a warehouse, invest in its current facility in McAllen, Tex. to increase capabilities and shift its current Reynosa, Mexico operations to a new, more modern and capable facility that is currently under construction in Reynosa. The company will close its box plant and sheet plant in Edinburg, Tex.

Stakeholder-Driven Strategy Sets Performance Targets to Track Progress and Ensure Transparent Delivery of Impacts

Georgia-Pacific's Savannah River mill in Rincon, Georgia, now accepts polyethylene (PE)-coated paper cups in its mixed paper stock for recycling.

This document highlights the Company's unwavering commitment to responsible business practices, which have guided its vision and operations for decades.

Sonoco Products Company, a global leader in value-added sustainable packaging, has released its 2024 Corporate Sustainability Report, marking its transformation into a more sustainable packaging company following the acquisition of Eviosys, Europe's leading metal packaging manufacturer.

Clearwater Paper Corporation announced that on July 1, 2025, Michael S. Gadd will step down as Senior Vice President, General Counsel and will serve as a Senior Vice President of the Company.

The negotiations involve the entire personnel of these production facilities, a total of approximately 465 people.

The estimate of the final number of redundancies is 7 employees.

Employees at the Emporia Plywood mill in Emporia, Virginia, were told that Georgia-Pacific will permanently close the plant, effective May 2. Approximately 550 jobs will be impacted. Normal operations will cease May 2 - and the site will be permanently closed on July 1.

The Vernon-based forest company said in an email they expect the downtime to begin as early as May 12 at the Armstrong plant and May 15 at White Valley.

The strikes at the mills are ending and work will start immediately.