Recent Articles

Kadant Solutions, a division of Kadant Inc. (NYSE: KAI), announced the launch of the Kadant Access Portal (KAP). KAP is designed for Kadant Solutions' customers across all industries to enhance the customer experience and provide online self-serve tools. The portal offers users a comprehensive suite of information management tools through a secure online portal that is tailored to the specific wants and needs of each customer.

Andritz has received an order from Papierfabriek Doetinchem, Netherlands, to upgrade the wet sections of its PM1 and PM3 special paper machines. The start-ups are scheduled for 2022.

Starting from January 1, 2022, Valmet has decided to change its financial reporting structure to better highlight the performance of Valmet's businesses. The new reporting structure reflects Valmet's operational model, anticipates the integration of Neles into Valmet, and is aligned with the way Valmet management follows the operational performance of Valmet's businesses.

The start-ups are scheduled for 2022.

LD Celulose S.A, a joint venture between the Austrian company Lenzing and the Brazilian company Dexco, invested about $1.3 billion in a 500,000 tonne/year dissolving wood pulp mill in the Triângulo Mineiro region in Brazil. Valmet delivered the key process islands and integrated automation solutions for the mill. The equipment operations and the production ramp-up in the new mill have now successfully started.

Valmet will deliver a TwinRoll™ Evolution wash press and a screw conveyor to Nippon Paper Industries Co. Ltd. Akita mill. The start-up is scheduled for end of May 2023.

In an article from Kenora Online, it stated that Ontario, Canada will use leftover wood from mills for energy and new products.

Reported insider trading since the last issue of PaperMoney.

"We're very honored to be in Cedar Hill and we're committed to the great state of Texas - in fact this is our fifth box factory here," Anthony Pratt, executive chairman of Pratt Industries, said in a statement. "We have long prided ourselves on the fact that we employ 11,000 Americans in well-paying, green-collar manufacturing jobs and we have now invested in America to the value of $10 billion. Cedar Hill will be our 71st factory in the U.S.A."

The acquired production lines will increase Mondi's capacity by around 150-180 million bags annually and strengthen Mondi's position in the Egyptian paper bag market.

The Mill is located on an approximately 30-acre leased site on the Fraser River in Delta, B.C. The Mill was built in 1963 and was acquired by Interfor in 2001 from Primex Forest Products.

Georgia-Pacific announced it has officially opened new facilities in McDonough, Georgia and Jonestown, Pennsylvania to produce an innovative, recyclable paper padded mailer. When combined with the recently added manufacturing capacity of a third production line at the company's Phoenix-area plant, Georgia-Pacific has expanded its recyclable mailer production by 350% to help meet growing demand for more sustainable e-commerce packaging options.

Conciliator Leo Suomaa has submitted a proposal for UPM Biofuels in the collective labour negotiations with the Paperworkers' Union. The conciliator has asked the parties to state their position on the proposal by 14 April 2022 at 10:00 EEST, which is also the deadline for the settlement proposals for UPM Pulp, UPM Specialty Papers and UPM Raflatac, given earlier by the conciliator.

Weyerhaeuser has broken ground on its new 7,860-square-foot building that will serve as its regional timberlands office.

Conciliator Leo Suomaa has submitted proposals for UPM Specialty Papers and UPM Raflatac in the collective labour negotiations with the Paperworkers' Union. The conciliator has asked the parties to state their position on the proposals by 14 April 2022 at 10:00 EEST, which is also the deadline for the settlement proposal for UPM Pulp, given earlier by the conciliator.

Huhtamäki Oyj's President and CEO Charles Héaulmé will resume his duties on April 19, 2022. On December 21, 2021, Huhtamaki announced that he was diagnosed with cancer and had to take a leave of absence.

The conciliator has announced that the conciliation between UPM Communication Papers and Paperworkers' Union has been interrupted, as the parties' views are still far apart. At the same time, the conciliator announced that the conciliation in UPM Specialty Papers, UPM Raflatac and UPM Biofuels continues. For UPM Pulp the conciliator has already submitted a settlement proposal.

Pine Bluff fire officials started investigating a fire that happened at the Twin Rivers Paper Mill on Thursday, April 7.

WestRock says the Panama City mill would "require significant capital investment" to maintain and improve. The press release on the WestRock website says, "By closing this mill, significant capital that would be required to keep the mill competitive in the future will be deployed to improve other key assets."

Antalis has signed a binding offer to acquire BB Pack Group in Germany - BB Pack, cr8 Packaging and Printmate. The offer is subject to the satisfaction of customary conditions precedent, including the approval of the German competition authority.

West Fraser Timber Co. Ltd. announced that it will permanently reduce capacity at its pulp mill in Hinton, Alberta ("Hinton Pulp") by the end of this year. One of Hinton Pulp's two production lines will shut, and the remaining line will produce Unbleached Kraft Pulp ("UKP") rather than Northern Bleached Softwood Kraft Pulp ("NBSK").

Enviva Inc., the world's leading producer of sustainable wood bioenergy, announced it will invest approximately $250 million in Bond, Mississippi to build a new wood pellet production plant. The facility is a key component of the company's growth strategy to double production capacity from the current 6.2 million metric tons annually to approximately 13 million metric tons annually over the next five years.

Firefighters responded to a fire at International Paper in Cantonment Friday morning, April 1.

Firefighters spent more than five hours tackling a blaze at a wood panel manufacturing plant near Inverness on April 4.

Pixelle Specialty Solutions Holding LLC, a leading provider of fiber-based specialty solutions in North America and portfolio company of Lindsay Goldberg, announced that it has signed a definitive agreement to be acquired by an affiliate of H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $48 billion of equity capital under management. Terms of the transaction were not disclosed.