Leading Stories

UPM Specialty Papers will invest over 10 million euros in the modernization of UPM Tervasaari mill in Valkeakoski, Finland. The investment will allow UPM Specialty Papers to boost capacity and improve production stability in its highly specialized products, such as glassines and flexible packaging papers.

The duration of temporary layoffs is up to 90 days.

Domtar's environmental penalties at its Skookumchuck mill were dropped to $17,200, from an initial $39,000 recommended by ministry inspectors

Following extended technical, commercial and strategic evaluations UPM plans to discontinue the development of its potential second biomass-to-fuels refinery at the Port of Rotterdam. As a result, UPM plans to halt all engineering work related to the CAPEX investment in Rotterdam and to withdraw from all site-related commitments associated with the Rotterdam investment.

Tom Erik Foss-Jacobsen has been appointed CEO of Borregaard ASA. He succeeds Per A. Sørlie, who will retire after 26 years in the position.

Norske Skog has reached an important and historic milestone with start of recycled containerboard production at the Golbey mill. The total investment of approximately EUR 400 million makes it the single largest investment in Norske Skog's history.

Capitalizing on unique off-market opportunity to further enhance Southern Timberlands portfolio with highly productive and strategically located acreage

It has proposed closing five packaging sites in the UK following a strategic review of the region. It did not specify which locations are earmarked for closure.

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

Stora Enso has entered into an agreement to divest approximately 175,000 hectares of forest land, equivalent to 12.4% of its total forest land holdings in Sweden for an enterprise value of EUR 900 million, equivalent to SEK 9.8 billion or US$1.02 billion.

Agreement with local buyer includes manufacturing facility and associated timber licenses in British Columbia

This latest Euro 15 million investment in Saint-Séverin underscores Ahlstrom's enduring commitment to sustainable innovation.

The engineering firm is cutting 325 jobs in Finland, and placing more than 1,000 other employees on unpaid leave. Valmet has not yet said where the cuts will take place, but the Jyväskylä region could bear the brunt of the reductions.

At the end of March, Rottneros announced a reduction corresponding to 47 positions. The notice applied to both Rottneros Mill and Group functions.

Sofidel raised acquisition bid from $126 million to $180 million; Kimberly-Clark named back-up bidder for Royal Paper assets

A packaging and labeling company in southwestern Wisconsin is preparing to shut down one of its facilities, citing shifting business conditions and resulting in layoffs affecting dozens of workers.

Smurfit Westrock--the packaging company formed through the merger of Ireland's Smurfit Kappa and U.S.-based Westrock--has approved a $150 million (about R$840 million) investment to expand and modernize its operations in Brazil. The investment, already cleared by the board, is expected to be implemented over a period of 18 to 22 months.

When a recruiter approached Andy Silvernail about joining International Paper to turn around the 127-year-old company, he initially said no.

Kadant Black Clawson LLC, a subsidiary of Kadant Inc., successfully started up a new lightweight recycled containerboard line at Cascades' Bear Island facility in Ashland, Virginia.

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.

The partnership with Suzano, one of the ten largest consumers of natural gas in Brazil and one of the main customers in this segment, marks the beginning of Petrobras' operations in the free market in the state.

Under the deal, J&F will repurchase Paper Excellence's 49% stake in pulp producer Eldorado Celulose for approximately $2.7 billion (R$15.2 billion).

Weyerhaeuser Distribution announced a partnership with Nichiha USA that will make Nichiha's full portfolio of siding and trim products available in Texas through its distribution centers in Dallas, Houston and San Antonio.

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

"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."