Paper Clips

International Paper (IP) is in talks with bidders about the potential sale of its Europe, Middle East and Africa (EMEA) packaging business. The paper and packaging producer says the sale process is in an early stage and that there is “no certainty” a deal will be agreed. “No assurance can be provided at this stage regarding the ultimate timing or structure of the proposed separation of the EMEA Packaging Business from IP,” says the company. The announcement came after the Financial Times reported that private equity firms Lone Star and Atlas Holdings were exploring separate bids for the business, potentially valuing it at less than US$6 billion, according to Reuters.

UPM inaugurated its biorefinery in Leuna, Germany, establishing a commercial-scale platform for wood-based renewable chemicals. The facility represents an investment of €1.37 billion and has an annual production capacity of 220,000 tonnes. The plant converts lignocellulosic biomass into biochemicals. Its feedstock consists primarily of wood from sustainably managed forests and sawmill residues. UPM describes it as the largest facility of its kind worldwide.

A Canadian coalition bringing together local managers at RYAM's Temiscaming mill, unionized workers and First Nations is pursuing the purchase of the mill. The initiative aims to secure the future of the mill's operations and protect the jobs that support families across the region. "The future of our mills should not be decided far from the communities that keep them running. This initiative offers a path to Canadian ownership, with local partners who have a direct stake in the company's long-term success. Unifor supports this effort," said Unifor National President Lana Payne. By bringing together people with a direct stake in the mill's future, the coalition aims to develop a locally driven solution and explore what is needed to restart operations.

Domtar’s mill in Nekoosa, Wisconsin, earned a 2026 Energy Efficiency Excellence Award from Focus on Energy. The award celebrates the mill’s implementation of projects that reduce energy use, improve operations and deliver long-term savings.  “Our partnership with Focus on Energy has supported efforts to enhance the facility’s efficiency while saving hundreds of thousands of dollars in energy-related expenses,” says Craig Helgeson, general manager of the Nekoosa Mill.  For more than a century, the Nekoosa mill has been part of the community and Wisconsin’s forest products industry. Today, the fully integrated specialty paper mill employs more than 400 Wisconsinites and generates an estimated annual economic impact of more than $600 million.   The mill produces specialty papers for food packaging, security, publishing, functional coating base stocks and other applications. It can also generate 100 percent of the electricity needed for its operations.

Port Hawkesbury Paper announced the promotion of Bruno D'Amato to Director, Canadian and Specialty Paper Sales. He will also retain his current role as Technical Field Sales Manager. D'Amato brings more than 40 years of experience in the printing and paper industry. He graduated in Graphic Arts from Central Technical School in Toronto, Ontario, and began his career in 1984, "Bruno understands our customers' business from the pressroom floor up," commented John Picklesimer, President of Sales for Port Hawkesbury Paper. "He has bought, scheduled and run paper himself, and for more than 20 years he has helped our customers succeed on press. That combination of technical knowledge and long-standing relationships makes him the right person to lead our Canadian and specialty paper sales, while continuing to guide our technical field service."

Norske Skog has made a positive investment decision to rebuild paper machine 6 (PM6) at Norske Skog Saugbrugs in Halden. The investment of up to approximately NOK 850 million (approx. US$88.9 million) will enable flexible production of thermomechanical pulp-based kraftliner and SC magazine paper. The rebuilt PM6 will have flexible production capacity of up to approximately 300,000 tonnes per year (tpy) of TMP-based kraftliner or approximately 230,000 tpy of SC magazine paper. Compared with the existing PM4 (installed capacity of 100,000 tpy of SC paper) and PM5 (installed capacity of 110,000 tpy of SC paper) production lines, PM6 is expected to have a materially improved cost position through more efficient energy consumption, a streamlined production process and reduced staffing requirements. Following start-up of PM6, production on PM4 and PM5 is planned to cease permanently without interruption of customer deliveries.

Speculation has circled for more than a month regarding potential impacts to the packaging industry from the U.S.-Canada trade war, but now more companies are disclosing concrete business impacts. Wood and paper products and raw materials are heavily traded across the border, raising tariff concerns from companies and trade groups in both countries. Like RYAM, many fiber companies also have operations both in Canada and the U.S. In late August, RYAM announced its intention to suspend Témiscaming mill operations in September, but that was postponed until October, according to Unifor.

As sustainability expectations continue to rise across Europe, it is becoming increasingly important to look for ways to reduce emissions and improve transparency across value chains. For Huhtamaki Foodservice Ukraine, this journey has reached an important milestone: the Kyiv production site is now powered by 100% verified renewable electricity. Achieving this milestone is especially meaningful given the ongoing war in Ukraine. The conflict has significantly disrupted the country’s energy infrastructure in recent years, making reliable energy supply an ongoing challenge for businesses.  By transitioning to 100% verified renewable electricity, Huhtamaki Ukraine is reducing the emissions associated with the electricity used in its manufacturing operations, known as Scope 2 emissions. This also helps customers reduce emissions across their own value chains.

The paper and forest products industry sits at the crossroads of sustainability, innovation, and advanced manufacturing, yet it remains one of the best-kept secrets in engineering. At NC State University, the Paper Science and Engineering (PSE) program is working to change that, producing graduates who are uniquely equipped to lead an industry undergoing rapid transformation. NC State’s PSE program offers something rare in higher education: a dual degree in Paper Science and Chemical Engineering that blends rigorous theoretical foundations with deeply applied, industry-relevant training. The paper and forest products sector faces a talent pipeline challenge of significant scale, with demand estimated at nearly 1,000 engineers annually due to an aging workforce. The next generation brings critical capabilities: fluency in advanced data analysis and AI-driven predictive process control, comfort with non-traditional solutions, and a broader perspective that balances engineering excellence with economic reality.

Sappi Europe announces a price increase of €89 per tonne across the Paper Board portfolio in response to sustained cost pressures currently impacting the industry. This pricing adjustment will enable Sappi to continue providing the high levels of product quality, service excellence, and supply security that customers rely on across the company's Paperboard portfolio. Despite productivity and efficiency initiatives as well as  cost cutting, market conditions require a Paper Board  price increase. Effective for all new orders and deliveries from 1 November 2026, prices for Paper Board products will increase by €89 per tonne.

UPM and Sappi have received a Letter of Facts from the European Commission stating that it continues to have serious concerns about the proposed graphic paper Joint Venture. The parties are in the process of analyzing and responding to the Letter of Facts. UPM disagrees with the Commission's preliminary assessment and will continue to engage with the review process. UPM continues to believe that the proposed Joint Venture would support the long-term competitiveness, sustainability and resilience of the European graphic paper industry. To address the Commission’s concerns, the parties are planning to submit proposals for specific remedies, but given the rationale of the transaction, not divestments.

Pixelle Specialty Solutions and Nekoosa entered into a definitive agreement under which Nekoosa has acquired Pixelle’s Carbonless Sheets business, including the ExcelOne® brand. Following a comprehensive evaluation of the business and the markets where we can best focus our resources and capabilities to drive long-term growth, Pixelle made the decision to sell the ExcelOne® business to Nekoosa, a company well positioned to carry it forward and continue serving the customers and applications that depend on it. This transaction is specific to our carbonless sheet business.

The global pulp and paper industry is entering a new phase of structural transformation. While overall growth remains steady, regional divergence is becoming more pronounced, product demand is shifting, and trade and regulatory pressures are reshaping traditional expansion paths. At the same time, mergers and acquisitions are increasingly serving as a strategic tool for companies seeking scale, resilience, and access to new markets. This article examines key global development trends in the pulp and paper industry from 2009 through 2028, highlights the changing role of emerging economies, and explores how investment and M&A strategies—particularly among Chinese producers—are evolving in response to these dynamics.

Nippon Dynawave Packaging employees will soon return to work at the Longview, Washington, pulp and paper mill that has largely been idled since the May 26 white-liquor tank implosion there that killed 11 people and injured eight others. The goal is to get the “majority” of employees back to the facility on or around Oct. 12, and after that reentries will be on a staggered schedule to be determined by NDP, said Scott Tift, president of the Association of Western Pulp and Paper Workers The entire pulp and paper mill employs about 550 people, according to the Washington Department of Ecology. It produces market pulp as well as paperboard for liquid packaging. A small number of employees previously had been called back to the site for limited operations, but full production remains stalled.

Intertape Polymer Group , a global leader in packaging, films, specialty materials, and protective solutions, backed by Clearlake Capital Group, L.P. , announced today that it has acquired Clysar, LLC , a North American manufacturer of premium polyolefin shrink film. Financial terms were not disclosed. Located in Clinton, Iowa, Clysar has spent more than 60 years developing innovative film solutions that seek to address evolving market demands and packaging requirements. Clysar shrink films are trusted by many North American distributors and end users for their quality, performance and reliability. Clysar will go to market as Clysar, an IPG Company, and the trusted Clysar® brand will remain in place alongside IPG’s Exlfilm® brand, giving IPG two established brands in the shrink film category.

Sappi announces retirement of Mike Haws and appointment of Kirk Ross as President and Chief Executive Officer of Sappi North America Kirk Ross, who currently serves as Vice President Manufacturing for Sappi North America, will succeed Mike Haws (63), who will retire in February 2027 following a distinguished 40-year career in the pulp and paper industry, including 14 years with Sappi and seven years as President and CEO of Sappi North America.

U.S. Paper Mill is preparing to resume paper manufacturing at its Chillicothe facility, with the plant’s No. 12 paper machine expected to be running again by December, the company announced. The company has begun recruiting for paper-production positions and is prioritizing former mill employees among applicants, according to the release. U.S. Paper Mill estimates the restarted operation could add up to 350 jobs over the next year. Thirteen current employees have already been assigned to prepare the No. 12 machine, nicknamed “The Chief,” for production, the company said. Once running, it will mark the first paper manufactured at the site since the plant’s closure in August 2025.

Smurfit Westrock has announced its agreement to acquire the Chilean Containerboard and Corrugated business of Empresas CMPC S.A. for $420 million, which represents a post-synergy transaction multiple of less than 6 times Adjusted EBITDA. Smurfit Westrock intends to fund the transaction using its own liquid resources. The deal includes one recycled containerboard mill (with a network of fiber collection centers), three corrugated plants, and one molded tray facility.

Valmet has been selected to supply a coated board making line, automation, and lifecycle services to a customer in Asia. The new line will produce premium-quality coated board grades and support the customer’s targets to strengthen their position as a leading producer in their field. The delivery will support the customer’s unique know-how and enable them to reach new levels of combined quality and production efficiency. The start-up of the machine is scheduled for 2028. The extensive board line order includes stock preparation and a complete board machine from headboxes to reel and winders. The consistent lifecycle performance of the machine is secured with automation, digital services, and paper machine clothing and spare parts packages. The order is included in Valmet's orders received for the third quarter of 2026. The value of the order will not be disclosed.

Finland's UPM-Kymmene and South Africa-listed Sappi are set to face an EU antitrust veto against their proposed €1.42 billion ($1.66 billion) paper joint venture after the companies declined to offer concessions to address competition concerns, people familiar with the matter said.  The companies also failed to convince regulators of the merits of their deal at a closed-door hearing earlier last week even after they argued about the sustainability and resilient impact of the deal, one of the people said. Difficulties finding a buyer for any potential asset sales mean it is not an option. Regulators, which will decide on the deal by November 11, also warned the combined entity could jack up prices.

Asia-to-U.S. container spot rates have surged more than 320% since the February Strait of Hormuz crisis, with East Coast pricing hitting $11,259 per FEU — within 11.2% of the January 2022 pandemic-era record — while West Coast rates reached $7,960; carriers are adding 6-7% more East Coast capacity in September and analysts expect another spike in early October as shippers rush exports ahead of China's Golden Week shutdown.

Sappi Europe has announced a price increase for its range of coated mechanical papers. According to the company, the increase will apply to all deliveries of coated mechanical reels (CMR) from October and prices will rise by €20/t, or the equivalent amount in local currencies.

Voith has successfully started up PM 47, a new packaging paper machine supplied to Sun Paper at its Yanzhou production site in Shandong Province, China. With a wire width of 8.66 meters and an annual design capacity of 700,000 tons, PM 47 achieved its maximum operating speed of 1,400 m/min only 10 days after start-up, making it among the fastest-running multi-fourdrinier packaging paper machines worldwide. A key component of the project is the OCC line, designed for a capacity of 2,200 tons per day, making it among the highest-capacity OCC lines in Asia.

Ohio-based Greif plans to close its Sweetwater paperboard mill in Austell, Georgia, by year’s end, in turn exiting the coated recycled paperboard market entirely. The closure will remove approximately 120,000 tons of annual production capacity. The site — which makes CRB and uncoated recycled paperboard, as well as gypsum facing and backing paper grades — dates back to Greif’s 2019 acquisition of Austell-based Caraustar Industries. But the mill has proven to have “limited integration” within Greif’s network and failed to be competitive, the company said. Greif aims to continue serving affected URB customers through the company’s broader North American mill network.

Trade (Consumer Book) Revenues Up 12.1% for Month of June, and Up 3.8% Year-to-Date The Association of American Publishers (AAP) released its StatShot report covering June 2026, reflecting reported revenue for Trade (Consumer Books), Education (combines PreK-12 Instructional Materials and Higher Education Course Materials), and Professional & Scholarly Publishing. Total revenue across all categories for June 2026 was up 11.0%

The following people have been conditionally nominated for the management team: -Jan Gustafsson, Senior Vice President, Human Resources, with responsibility for HR, Strategy, Communications, Sustainability, and Legal. He is currently Vice President, Human Resources, UPM Communication Papers.   -Marco Eikelenboom, Senior Vice President, Sales and Marketing, with responsibility for Sales and Marketing. He is currently Chief Executive Officer of Sappi Europe SA. -Antti Hermonen, Senior Vice President, Operations, with responsibility for Operations, R&D, Energy, and Sourcing. He is currently Senior Vice President, Operations, UPM Communication Papers. -Jan-Sander van Tuijl, Senior Vice President, Supply Chain. He is currently Vice President, Supply Chain & Procurement, Sappi Europe SA.

Sappi Europe, a leading producer of high quality graphic papers, today announces a price increase of 5-7% across its full range of Woodfree Coated (WFC) papers sold in European Markets. The increase will apply to all new orders and deliveries from 12 October 2026. The adjustment is necessary to address the continued escalation of costs across the supply chain. These cost increases have placed significant pressure on the economics of paper production and require a corresponding market response to ensure sustainable operations.

The American Forest & Paper Association is calling for commercial paper and packaging recycling to be excluded from extended producer responsibility (EPR) programs, arguing that these materials already move through established, privately funded recycling systems. Under the model described by AF&PA, businesses contract directly with recycling companies. The association says keeping these materials separate from household recycling reduces contamination and maintains more consistent quality, supporting their use in new paper and packaging products. AF&PA argues that businesses using these arrangements already finance their recycling services. Including their packaging in EPR programs could therefore require them to contribute to residential systems from which they receive no collection services. The association also contends that additional fees and compliance requirements could disrupt established recycling markets and ultimately increase consumer costs.

Smurfit Westrock has once again been recognized by TIME in its World’s Best Companies list. The company’s inclusion on the prestigious global listing is based on excellent scores across the following three dimensions: employee satisfaction, revenue growth and sustainability transparency. Climbing 15 places from last year’s position, the 2026 ranking reflects the company’s industry leadership and its ongoing commitment to sustainability and its workforce. Highlights from Smurfit Westrock’s 2025 Sustainability Report include the launch of its Better Planet Targets and issuance of more than $1.3 billion of green bonds. Smurfit Westrock was ranked 190 on the list and 12th in the engineering, manufacturing and medical technology category. The TIME World’s Best Companies analysis is based on an independent methodology developed by TIME and Statista.

In August 2025, Domtar broke ground on a multi-year project to modernize the Rothschild Dam near our mill in Rothschild, Wisconsin. The Rothschild Dam modernization is just one example of Domtar’s continued investment in Wisconsin, supporting the long-term future of the mill and the surrounding community.  “The Rothschild Dam modernization is important to Domtar, our community and north central Wisconsin,” says Dave Faucett, general manager, Rothschild Mill. “Along with the Nekoosa Mill, located downstream, we support an estimated 3,500 local jobs, including 750 direct employees, and generate $1 billion in annual economic impact to the local economies in Wisconsin.

Corner Brook Pulp and Paper has registered an ambitious renewable energy project with the provincial government for environmental assessment. If approved, Project Tuckamore will see the development of a 155 MW wind farm in western Newfoundland, including 22 wind turbines and associated infrastructure. For example, a transmission line will connect the wind farm to the existing substation in Massey Drive. The proposal also includes upgrades to Deer Lake Power’s facilities, road improvements, site preparation, turbine installation and the construction of electrical infrastructure. Kruger announced its plans to help revitalize Corner Brook Pulp and Paper earlier this summer.

UPM and Sappi have conditionally selected nominees for the roles of Chief Executive Officer and Chief Financial Officer of the planned graphic paper Joint Venture. Gunnar Eberhardt has been nominated as Chief Executive Officer of the Joint Venture. Stephen Blyth has been nominated as Chief Financial Officer of the Joint Venture. The nominations are conditional on receipt of all regulatory approvals and completion of the transaction. Gunnar Eberhardt has successfully led the UPM Communication Papers business as Executive Vice President since October 2024. Stephen Blyth was appointed as CFO of Sappi Europe SA in July 2014. Prior to this he was the Deputy Group Treasurer for Sappi International in Brussels since 2010

Hesperaloe is a desert plant native to Arizona, California, and Sonora, Mexico. Its long, slender fibers may allow it to provide strength similar to northern softwood pulp while maintaining very low fiber coarseness. The plant also grows with very little water, particularly compared with cotton, one of the thirstiest commercial crops. Its low lignin content may make pulping easier and less capital-intensive. As a result, Hesperaloe is a candidate for simpler chemical-mechanical processes that are also being explored for other non-wood fibers. The idea itself is not new. Hesperaloe first appeared in the patent literature in a 1993 James River (Georgia-Pacific) patent, followed by a 1999 pulping process developed by Hurter Consulting and North Carolina State University. What has changed is the scale of the effort to determine whether the fiber can become commercially viable. The opportunity is significant, but so is the risk. Developing Hesperaloe into a commercially viable fiber source will require breakthroughs in agriculture, processing, and supply-chain development. Kimberly-Clark’s recently announced $100 million pilot plant in Yuma, Arizona, suggests the company believes the potential is worth exploring.

As Europe looks for ways to strengthen its industrial base and competitiveness, much of the debate understandably focuses on building new industrial capacity. But retaining viable manufacturing also means enabling established industries to adapt to structural changes in demand. European demand for graphic paper has fallen by more than 60 per cent since 2007. A market of more than 40 million tonnes in 2008 had contracted to around 13 million tonnes by 2025 and is projected to reach just over eight million tonnes by 2030. This decline in demand reflects long-term structural changes in how information is consumed and distributed, driven principally by the continued shift towards digital alternatives. That scale of change presents an unavoidable question for our industry. How do we reshape a manufacturing base built for a much larger market while continuing to serve customers reliably and invest in sustainable European production? It is a question both Sappi and UPM are facing. The proposed 50/50 joint venture would bring together our graphic paper businesses in an independent company, creating a broader industrial base better able to respond to the market Europe now has.

In 2025, the U.S. recycled around 45 million tons of paper. That’s 123,000 tons every day being turned into essential products American families and businesses rely on. The U.S. paper recycling rate was 61-65%, and the cardboard recycling rate was 70-75%. Paper recycling is one of the most successful recycling systems in America. Our industry voluntarily started setting its own paper recycling goals back in the early 1990s—and we've kept raising the bar ever since.  Today, we recycle nearly 60% more paper than we did in 1990. More than 2/3 of all paper recycled in the U.S. is turned into new products at mills nationwide. Here’s where it goes: -Nearly half, or about 20 million tons, became containerboard—the material used to make cardboard boxes. -About 29% was exported. Paper mills around the world rely on it to manufacture new products. -The rest went on to make everyday essentials like cereal and medicine boxes, tissue products and printing papers.

The U.S. Chemical Safety and Hazard Investigation Board is “greatly concerned” by interim findings regarding the deadly white liquor tank implosion in May. CSB’s investigation is still ongoing, and it’s expected to release its final report in spring 2027.  The agency said in Friday’s update that it found NDP conducted two additional tank inspections, in October 2025 and February 2026, confirming the July 2025 conclusion that substantial portions of the tank’s shell were below the calculated minimum safe thickness. But NDP “still did not internally inspect or repair the tank shell, remove it from service, or reduce its operating conditions before it failed,” CSB said. “Although the CSB’s investigation is still ongoing, we are greatly concerned that the tank was not promptly removed from service or properly repaired after the clear findings in the inspection report,” said CSB Chair Steve Owens in the update. CSB members say they’re also investigating why NDP left the tank in service without repairing it or reducing its operations.

Port Hawkesbury Paper announces the release of its 2025 Sustainability Report, which details a year of meaningful progress across safety, clean energy, environmental accountability, and community investment. The report highlights PHP's activities and accomplishments through 2025, underscoring the company's continued dedication to safety, sustainability, and long-term value for its customers, partners, employees, and the broader Nova Scotia community. download a copy of the report here: https://www.porthawkesburypaper.com/images/documents/ph-sustainability-brochure-2025-single-web-071426-reduced.pdf

Rayonier Advanced Materials said it plans to temporarily halt operations at its Témiscaming industrial complex in Quebec on Sept. 15 for an undetermined period, affecting approximately 400 unionized workers. Managers and other employees will also be affected, while contractors, suppliers, transportation companies and forestry businesses connected to the facility could face broader economic repercussions. The temporary economic shutdown will cover all remaining activities at the site except the wastewater treatment plant and Boiler No. 4, which will continue operating. RYAM has not provided a timetable for restarting production. The decision followed the imposition of additional U.S. tariffs of 50% on certain Canadian goods on Aug. 22. RYAM said the new duties compounded persistent pulp and paper market pressures, leaving the site without an economically viable path to continue operating.

UPM announced that as part of the merger control approval process for the planned graphic paper Joint Venture between UPM and Sappi, the European Commission has issued a Statement of Objections. In a press release, UPM said, "The adoption of a Statement of Objections (SO) is a customary step during an in-depth merger investigation by the European Commission. In the SO, the Commission has provided more details on its preliminary concerns. Together with Sappi, UPM is reviewing the SO carefully and will respond in due course. UPM is confident that it will be able to respond fully to the Commission's preliminary concerns.

The European Commission (EC) has issued a Statement of Objections (SO) as part of the merger control approval process for the planned graphic paper joint venture between UPM and Sappi and warned that the deal could restrict competition. The EC said its preliminary view was that the proposed joint venture “may restrict competition in the markets for different types of communication paper”. “In particular, the Commission is concerned that the joint venture would be able to increase prices and that customers would have less choice as a result of the transaction,” it further stated. The EC opened its investigation in late April to assess if the transaction would allow UPM and Sappi to reduce competition for certain communication papers, specifically in the markets for magazine paper and coated woodfree paper in the European Economic Area (EEA), UK and Switzerland. It explained: “The Commission conducted a wide-ranging investigation to understand the affected markets and the potential impact of the transaction. This investigation has included, among others, the analysis of internal documents provided by the parties and the gathering of views and data from competitors and customers. “As a result of this in-depth investigation, the Commission is concerned that the joint venture between UPM and Sappi would acquire market power allowing it to increase prices and decrease quality to the detriment of its customers for coated mechanical paper, a type of magazine paper, and for coated woodfree paper. “The Commission is currently unconvinced that integrating the relevant activities in the joint venture would bring enough benefits – in terms of cost savings or environmental or resilience improvements – to offset the potential harm.”

On August 17, 2026, the Canada Border Services Agency (CBSA) initiated investigations to determine whether paperboard cups and containers are being sold at unfair prices in Canada (dumped), subsidized, or both. The investigations focus on imports from producers operating in or exporting from China. These practices can harm Canadian industries by undercutting prices, which undermines fair competition. The CBSA's investigations follow a complaint filed by Great Pacific Enterprises Limited Partnership (the complainant). The complainant alleges that as a result of an increase in the volume of the dumped and subsidized imports, they have suffered material injury in the form of price undercutting, price depression, price suppression, lost sales, lost market share, decline in margins, reduction in capacity utilization, reduced employment, and negative impact on investments. The CBSA and the Canadian International Trade Tribunal (CITT) both play a role in the investigations. The CITT will begin a preliminary inquiry to determine whether the imports are harming Canadian producers and will issue a decision by October 16, 2026.

Domtar will indefinitely idle its Howe Sound mill and Bayview Fibre chipping facility in Port Mellon, British Columbia, affecting approximately 400 employees. The indefinite idling will remove about 380,000 metric tonnes of annual northern bleached softwood kraft (NBSK) pulp capacity from the market. Domtar attributed the decision to weaker demand from Asia, persistently low global pulp prices and declining access to affordable domestic fibre. These pressures have continued despite nearly C$500 million in capital investments since the company acquired the Howe Sound mill in 2010, as well as the construction of the Bayview Fibre facility.

Building on decades of expertise in lightweight publishing papers, Twin Rivers is pleased to introduce Snowbrite™ Gloss No. 3 Coated Freesheet paper. Snowbrite Gloss is engineered to deliver exceptional print quality, proven runnability and dependable press performance.  Available in 45, 50, 60 and 70 lb. basis weights, Snowbrite Gloss features an 88 bright, blue-white shade and is ideal for a variety of commercial print applications, including magazines, catalogs, brochures, direct mail and promotional materials.

The American Forest & Paper Association (AF&PA) released the July 2026 Printing-Writing Monthly report. According to the report, total printing-writing paper shipments decreased 9% in July compared to July 2025. Total printing-writing paper inventory levels increased 3% when compared to June 2026.

The American Forest & Paper Association (AF&PA) released the July 2026 Packaging Papers Monthly report. According to the report, total packaging papers & specialty packaging shipments in July increased 1% compared to July 2025. They were up 5% when compared to the same 7 months of 2025. The unbleached packaging papers operating rate increased to 87.5% in July, up from 85.7% in June, but below the rates seen between February and May this year. The year-to-date operating rate was 5.1 points higher than last year.

Nippon Dynawave Packaging has begun work aimed at restarting its Longview, Washington, pulp and paper mill, nearly three months after the May 26 white-liquor tank failure that halted normal operations. Crews began dismantling and removing three out-of-service tanks on August 17, including the damaged white-liquor tank. The company also plans to stage temporary tanks for white and black liquor, two essential streams in the kraft pulping and chemical recovery process. Nippon Dynawave said the temporary storage will be used for an operational restart. However, no timetable for a full mill restart has been announced. Importantly, Nippon Paper previously reported that no severe damage had been confirmed to major production equipment, including pulp-making machinery, boilers, paper machines and extruders. That could prove significant as the company evaluates the scope of work required to restore operations.

The Alberta government will provide more than C$1.5 million to support a nearly C$50-million expansion of Alberta Newsprint Company’s paper mill in Whitecourt. Funding will be provided through the province’s Investment and Growth Fund. The project will modernize the facility and enable it to manufacture multiple paper grades as the company seeks to diversify beyond its traditional newsprint operations. The expansion is expected to create 13 permanent full-time positions and 25 temporary construction jobs. It will also help retain more than 220 existing jobs at the Whitecourt mill.

The Saint-Paul-de-Montminy Wind Farm Project will comprise 28 wind turbines with a total installed capacity of 196 MW, to be distributed over the municipalities of Saint-Paul-de-Montminy and Sainte-Apolline-de-Patton. Both municipalities, which will be hosting the wind farm project, will receive more than $20 M in fixed payments over the project’s life, allocated proportionally based on the number of MWinstalled in each municipality. The wind farm is slated to be commissioned in December 2027. In addition to supporting Québec’s energy transition, the Saint-Paul-de-Montminy Wind Farm Project will generate considerable benefits for Eastern Energy Alliance community members: 15 RCMs in Eastern Québec, the Magdalen Islands Maritime Community, and the Wolastoqiyik Wahsipekuk First Nation.

Pricing proved to be a central topic during major fiber companies’ second-quarter earnings calls. Executives frequently cited higher transportation and raw material costs as reasons for significant price hikes from companies including Packaging Corporation of America, Smurfit Westrock and others, which have since prompted some blowback. Containerboard producers also noted signs of improving supply and demand dynamics. Clearwater Paper’s Q2 shipment volumes were up 8% year over year. The company reduced net debt by $59 million in the quarter. The Spokane, Washington-based company recently announced its second $60 per ton price increase of 2026 for all products. Executives expect it will take a couple quarters for that to be recognized in Fastmarkets RISI’s index. For Finland-based Huhtamaki, which has 18 locations across North America, overall net sales in Q2 were relatively flat year over year at 1 billion euros. But North American net sales decreased by nearly 10% year over year. Adjusted EBITDA was down 2% year over year to 151.7 million euros. The flexible packaging segment was a leader for the company, with a nearly 11% year-over-year increase in net sales. Fiber packaging net sales increased 6.7% year over year. U.K.-based Mondi, which has 13 locations across North America, offered a look at its first half of the year, showing a 1.7% increase in revenue compared with the first half of 2025. Revenue for the corrugated packaging segment came in at 1.98 billion euros, a 4.4% year-over-year increase, while the flexible packaging segment charted a 1.1% year-over-year decrease to just over 2 billion euros. 2026 is a transition year,” said Sylvamo CEO John Sims during an Aug. 7 earnings call. The Memphis, Tennessee-based company launched its “lean transformation” intended to improve operations and results.  Sylvamo’s net loss grew to $11 million during Q2 compared with a net loss of $3 million in Q1. Net sales increased 1.3% year over year.

Interfor Corporation expects to record a non-cash incremental expense of approximately US$76 million in the second half of 2026 following an increase in preliminary U.S. duties on Canadian softwood lumber. The estimate, which includes interest, is based on a preliminary combined anti-dumping and countervailing duty rate of 25.18%. The rate applies to Interfor under the “all others” category of the seventh administrative review conducted by the U.S. Department of Commerce. Preliminary Rate Remains Subject to Change The Department of Commerce issued its preliminary anti-dumping and countervailing duty rates on April 9, 2026. The review covers shipments made during the year ended December 31, 2024. On June 30, 2026, the preliminary countervailing duty rate was increased by 0.35 percentage points, bringing the combined “all others” rate to 25.18%.

Kimberly-Clark will invest more than $100 million in a new pilot facility in Yuma, Arizona, aimed at extracting fibers from hesperaloe, a drought-tolerant plant native to the US Southwest. The 50,000-square-foot facility is already under construction and is expected to begin operations in 2027, according to an August 3 announcement from the Greater Yuma Economic Development Corporation (GYEDC), the City of Yuma and the Arizona Commerce Authority. The project is expected to create around 50 full-time jobs. The facility will process fibers from hesperaloe, a rapidly renewable, low-water-use plant, for potential use in Kimberly Clark's future hygiene products.

North American newsprint production fell sharply in June and remained down by nearly one-third through the first half of 2026, while domestic shipments showed a more moderate decline and overseas exports continued to contract, according to the latest statistics from the Pulp and Paper Products Council (PPPC). North American mills produced 103,000 tonnes of newsprint in June, down by 29.5% from 146,000 tonnes in June 2025. For the first six months of 2026, production totaled 618,000 tonnes, down by 32.8% from 919,000 tonnes in the same period last year. The operating rate, adjusted for idled capacity, was 90% in June, compared with 85% in June 2025, while the year-to-date operating rate was 77%, compared with 89% a year earlier. As reported by RISI/Fastmarkets.

The YIMBYism of Jay, Maine-Home to the Androscoggin Mill Opposition to data centers may be the singular unifying issue in American politics. Seventy percent of Americans are against data-center construction in their communities. They worry about the environmental dracularity of these facilities, the electrical costs they may impose, and the imperiousness with which tech companies target struggling communities while drastically altering the landscape. Bernie Sanders and Alexandria Ocasio-Cortez have spoken out against data centers; so have Steve Bannon and the right-wing podcaster Matt Walsh. Jay, Maine (population: 4,620; motto: “Proud of our past and working for our future!”) wants a data center. It had one in the works, and town officials lobbied the governor to preserve it. Mills listened. “We must consider the perspective of the Town of Jay,” she wrote. Fascinating article from The Atlantic on a former mill town and its desire to build a data center.https://www.theatlantic.com/technology/2026/08/jay-maine-wants-data-center/688043/?gift=MVwpCrggHJ34j2jmxOPPkTjBsoxoFd1X3t2zTMEbj8s

The company confirmed the milestone in its second-quarter results. It had originally targeted completion during the third quarter of 2026. International Paper has not disclosed the converted machine’s expected production capacity or confirmed when full commercial output will begin. Before the conversion, the No. 16 machine supplied Sylvamo with approximately 260,000 short tons of cutsize uncoated freesheet annually. The supply arrangement was wound down in May 2026 as International Paper prepared the machine for its new role.

An early milestone toward Fedrigoni Special Papers’ ESG 2030 goal of 100% recyclability. Over the past year, Fedrigoni Special Papers carried out a comprehensive assessment of the recyclability of its entire specialty papers portfolio using the Aticelca method. The company adopted this independent, third-party certification scheme to provide a robust and transparent evaluation. This initiative is part of Rethink Eco Design and Circular Approach, the second pillar of Fedrigoni Special Papers’ ESG strategy, which focuses on transforming industrial practices through innovation in eco design and circular economy principles. The assessment resulted in a certified recyclability rate of 99.9% across the tested portfolio as of 2026.

After review of our coated groundwood products, and consultation with industry trade experts, we now believe that our 50#, 55# and 60# CGW grades, all brightness levels, would be subject to this recent tariff threat on Canadian goods, should it be imposed. As part of the plan to mitigate the impact on our customers, for future production we plan on offering a temporary 48.5# basis weight in all levels of brightness, similar to the 50# equivalent grades (specifications forthcoming). The 48.5# temporary basis weight would not be subject to the tariff and is 3% lighter than 50#. Many customers have already moved to our 45#, which is also not part of this tariff.

In the second quarter, we reached two important milestones in the transformation of UPM. We signed the definitive agreement to create the graphic paper joint venture with Sappi, and advanced…

This statement is from Neenah. "On Monday, July 27, 2026, our distribution center located in Menasha, WI was impacted by a severe tornado. Our teams are currently assessing the damage to determine when operations can safely resume. We are evaluating the potential impact on production, inventory and shipping activities to minimize disruption and continue serving our customers. We will provide additional updates once we have a better understanding of the situation and its impact on our operations." Reports are that there was no damage to the mill, but the warehouse is severely damaged. Significant paper losses are reported and access to inventory is not possible at this time.

Clearwater Paper Corporation announced the launch of Circa™ paperboard, a new line of coated recycled board (CRB) for folding carton and carrier applications in the United States, developed through a strategic collaboration with Greenpaper, a global producer of 100% recycled fiber paperboard. Made from 100% recycled fiber, Circa paperboard supports customers’ sustainability goals while maintaining the strength and performance required across a wide range of packaging applications. Greenpaper produces paperboard on its newly-reinvested state-of-the-art recycled paper machine using a circular manufacturing model that incorporates post-consumer materials into new packaging solutions. Productora de Papel, S.A. de C.V., doing business as Greenpaper, is a privately held paper and packaging company with more than 80 years of experience and over 360,000 tons of annual production capacity. Based in Monterrey, Mexico, Greenpaper specializes in 100% recycled paperboard grades, including CRB, Carrier and URB, as well as containerboard products such as liner, medium and white-top liner, and corrugated packaging solutions.

Graphic Packaging Holding Company , a global leader in sustainable consumer packaging, announced the launch of PaceSetter RidgelineTM, marking the company's entry into the uncoated recycled paperboard (URB) market. The URB offering — a high-performing solution for folding cartons, laminations, edge protectors, tubes and cores, and other specialty purposes — positions Graphic Packaging to serve a broader spectrum of paperboard and consumer packaging customers. Made from 100% recycled fiber, with at least 45% post-consumer recycled content, PaceSetter Ridgeline is available in 14- to 30-point calipers and produced at Graphic Packaging's state-of-the-art Waco, Texas, paperboard mill. The Waco facility enables seamless transitions between coated and uncoated recycled paperboard, giving the company flexibility to respond quickly to shifts in customer demand. Its advanced technology also supports sheet squareness, color consistency, quality assurance and converting performance across high-volume applications.

AF&PA has supported the Administration’s strong actions to defend U.S. manufacturers from unfair trade practices and strengthen domestic production. However, broad tariffs on Canadian inputs could create real disruptions and uncertainty for industries like ours, which depend on integrated North American supply chains to make pulp, paper, packaging and tissue products. Those same supply chains also support hundreds of thousands of jobs in communities across the United States. At a time when our industry is competing against unfair global trade practices, non-market economies and evidence of potential excess capacity from places like China, it is important for the United States to continue to strengthen North American competitiveness and preserve the supply-chain certainty companies need to make long-term investment decisions in U.S. mills, equipment and workers.

Region North America grew currency-neutral net sales by 11% compared with last year. Shipments in the quarter were the highest since the end of 2022, once again confirming our strong position in the US, where we can offer reliability and predictability from the attractive Midwest region. Pricing has more than offset cost inflation linked to higher oil prices. The biennial maintenance shutdown at Quinnesec impacted earnings negatively. Our journey to evolve towards packaging materials in North America is making steady progress and it gained further momentum during the quarter. Interest in our locally produced coated liner has been particularly strong, and we continue to qualify our products with both existing and new customers.

The tariffs appear to include imported containerboard, uncoated freesheet and boxboard, according to a Tuesday note to investors from Michael Roxland, senior paper and packaging analyst at Truist Securities. The United States imports annually from Canada approximately 1.12 million tons of containerboard, or approximately 3% of total supply, and approximately 400,000 tons of UCFS, or roughly 7% of supply, Roxland said. However, the measure should have a lesser influence on boxboard, as the U.S. imports a “nominal” amount of that grade from Canada, he said. The duties apply to all covered goods, regardless of whether they originate under the U.S.-Mexico-Canada Agreement, per a fact sheet released by the White House.

The American Forest & Paper Association (AF&PA) released the June 2026 Printing-Writing Monthly report. According to the report, total printing-writing paper shipments decreased 8% in June compared to June 2025. Across the 3 major printing-writing categories — uncoated free sheet (UFS), coated free sheet (CFS), and mechanical (MECH) — year to date U.S. shipments in June showed negative results when compared to the same period last year. UFS shipments decreased 9%, CFS shipments decreased 3%, and MECH shipments decreased 28%.

Trade (Consumer Book) Revenues Up 7.6% for Month of May, and Up 2.3% Year-to-Date Today, the Association of American Publishers (AAP) released its StatShot report covering May 2026, reflecting reported revenue for Trade (Consumer Books), Education (combines PreK-12 Instructional Materials and Higher Education Course Materials), and Professional & Scholarly Publishing. Total revenue across all categories for May 2026 was up 6.8% as compared to May 2025, coming in at $931.1 million. Year-to-date revenues were up 2.6%, at $4.7 billion.

Suzano announced the completion of its acquisition of a 51% equity interest in FamPro Tissue Holdings B.V. from Kimberly-Clark Corporation, which has resulted in a new joint venture called Arbex. Arbex on July 1 began operations as an independent business. Announced in June 2025 as a $3.4 billion joint venture between Suzano (NYSE: SUZ), the world's largest pulp supplier, and Kimberly-Clark (NASDAQ: KMB), a global leader in consumer goods and personal care, the new business will manufacture, market and distribute consumer and professional products across more than 70 markets on five continents.

The Washington state attorney general’s office announced July 1 that it’s investigating whether any criminal activity contributed to the May 26 white liquor tank implosion at Nippon Dynawave Packaging in Longview that killed 11 people and injured eight others. Futhermore, the Washington State Department of Labor & Industries announced July 2 that in addition to its ongoing investigation of the disaster, it opened new inspections at two other kraft pulp and paper mills in the state: at Smurfit Westrock’s Longview plant down the road from NDP, and at Port Townsend Paper Co. in Port Townsend. Production at NDP’s site remained suspended as of parent company Nippon Paper’s most recent update on June 24. It said the financial impact is still being assessed.

A data center is part of the redevelopment plans at the former site of the Pixelle Specialty Solutions paper mill in Chillicothe. The site will be turned into a “21st-century regional hub for advanced manufacturing, aerospace innovation, medical device production, research and development, and next-generation computing technologies” by U.S. Paper Mill, according to a news release from the Chillicothe Ross Chamber of Commerce. The campus will be developed in partnership with Amphibian Aerospace Industries, U.S. Medical Glove Company, Aligned, and U.S. Box Company. Aligned is a company that develops data centers and has two campuses in Ohio — one in Coshocton County and one in Sandusky, according to its website.

Smurfit Westrock has once again been included on the Forbes Global 2000 list of the world’s most successful public companies.  The prestigious ranking measures global impact and financial strength and is determined by criteria including sales, assets and market value.  The 2000 companies on this year’s Forbes Global 2000 list account for $56 trillion in annual revenue, $5.5 trillion in profit and $121.9 trillion in market value. Smurfit Westrock was also recognized this week as one of TIME magazine’s World’s Most Sustainable Companies. Smurfit Westrock operates in 40 countries worldwide and has approximately 97,000 employees.

After a relatively quiet second quarter so far, the company has resumed its 20-month string of facility closure and layoff announcements affecting more than 5,800 employees. -International Paper late Friday announced plans for four closures across the United States by the end of the third quarter. It will close a sheet plant in Aurora, Illinois, along with converting plants in Elk Grove, California, and Barrington, New Jersey. It will also cease preprint operations at a facility in Richwood, Kentucky. -The company said via email that a total of 330 employees are affected: 136 in California, 133 in New Jersey, 41 in Illinois and 20 in Kentucky. IP said in a news release that it will offer impacted employees outplacement assistance, severance and benefits.

Suzano and Kimberly-Clark, a global leader in the consumer staples industry, announced in early June the creation of a US$3.4 billion joint venture focused on the manufacture, marketing, and distribution of consumer and professional tissue products, such as toilet paper, napkins, paper towels, and facial tissues, in over 70 countries. Suzano will acquire a 51% interest in the new entity, with Kimberly-Clark holding a 49% interest. Globally, the tissue industry consumes more than 65 million tons of fiber each year. The tissue market is highly fragmented; however, major companies hold a significant share of the industry, with the top 10 producers accounting for approximately 28% of total production capacity. Establishing a joint venture with one of the top 10 companies provides a rapid and highly predictable path to scale and market positioning.

The International Paper NORPAC mill operates three industry-leading machines that produce approximately one million tons of containerboard and other grades annually. We are currently operating and anticipate a return to full production in the near future,” an IP offcial said to Fastmarkets. The update comes amid ongoing market attention on the mill’s operating status after an outage linked to a recent incident at the nearby Nippon Dynawave pulp facility, which had disrupted pulp supply flows to NORPAC’s uncoated freesheet paper production.

Founded in 1896 along the Wisconsin River, the Biron Mill has long been part of one of the world’s most respected papermaking regions. Since becoming part of ND Paper in 2018, the facility has continued to modernize while maintaining its important role in the local community. As energy costs rose, ND Paper looked for practical ways to reduce energy use without slowing production or hurting performance. Focus on Energy helped the ND Paper team identify opportunities, confirm savings, and move high-impact projects forward. “With the help of Focus on Energy, ND Paper’s Biron Division has become a safer, more energy-efficient, and profitable mill, bringing back more than 100 jobs and generating millions of dollars of economic impact for the community. Our energy demand and environmental footprint have been reduced because of our close partnership and teamwork with Focus on Energy.”  —Steve Demyon

UPM announced that it will temporarily shut down UPM Kaukas pulp mill as of August 3 for approximately six weeks. In addition, a potential temporary shutdown of the UPM Pietarsaari pulp mill is being planned for October. The Kaukas pulp mill is located in Lappeenranta in South East Finland. The pulp mill has the capacity to produce 700,000 tonnes per year of softwood pulp on two production lines. The mill site also consists of a paper mill (shutdown in 4Q 2025), a sawmill, a biorefinery producing wood-based diesel and UPM's research centre.

U.S. printing-writing paper shipments dropped 14% in May compared to May 2025, while purchases of total printing-writing papers declined 2% in April versus the same month last year, based on data from the U.S. Census Bureau and the American Forest & Paper Association (AF&PA).  Across the three major printing-writing categories – uncoated free sheet (UFS), coated free sheet (CFS), and mechanical (MECH) – U.S. purchases in April showed mixed year-over-year results, with UFS purchases decreasing 5%, CFS purchases increasing 3%, and MECH purchases increasing 1%.

Ahlstrom, a global leader in fiber-based specialty materials, announces today that its Ahlstrom EBF 903™ specimen collection card has been selected for a microplastic blood test kit developed by ArrowLab and PlasticTox. The application demonstrates how Ahlstrom’s fiber-based solution can contribute to an innovation that enables the measurement of microplastics in human blood, helping advance understanding of their effects on people’s health.

Effective July 1, 2026, each business unit will adopt its own brand identity as part of the Group’s ongoing transformation. This transition will affect the business units: -Cartiere del Garda (Fine Papers including C2S and Uncoated) -Torraspapel (Specialties including C1S, Flexible Packaging, Labels and Carbonless) -Adestor Self-Adhesives What will change: -Company names, visual identities, websites, and email communications. -Administrative documents, including invoices, delivery notes, purchase orders, and contracts.

UPM Communication Papers has published its 2025 climate report, showing strong progress on the climate action roadmap. In Europe, fossil CO₂ emissions from own operations and purchased energy (Scope 1 and 2) fell by 38% per tonne of paper in 2025, measured against the 2023 baseline year. The reduction demonstrates accelerated implementation of the climate action roadmap. In November 2025, UPM Communication Papers launched its climate action roadmap with a target to reduce fossil CO₂ emissions from its own operations and externally sourced energy at European mills to an average of ≤100 kg per tonne of paper by 2030. This equals a reduction of more than 70% compared to the 2023 baseline.

The pulp and paper packaging industry is undergoing a structural reset. For several years, the industry has faced slowing demand with limited growth, partially due to factors such as the COVID-19 pandemic, the war in Ukraine, the conflict in Iran, and increased use of tariffs. Persistent overcapacity across grades and elevated volatility in input costs, particularly for fiber (in certain geographies such as Europe and large parts of North America) and energy (across the globe), have also had an impact. For decades, the pulp and paper packaging industry operated on a stable economic model: high asset intensity, strong variable margins, and a focus on maximizing throughput to absorb fixed costs. That model is now under sustained pressure. At the same time, companies have expanded their capacity and converted legacy assets (such as reconfiguring newsprint machines to produce containerboard), creating persistent oversupply in several segments. In parallel, postpandemic demand has normalized, e-commerce growth has stabilized, and consumer demand has weakened, leading to flat or declining volumes across many end markets.

Based on its strong industry and systems expertise, HEIDELBERG has adopted an approach centered on dual-use technologies to systematically tap into additional markets in the areas of defense, security, energy, charging infrastructure, and industrial system solutions. One key aspect of this strategy is combining all relevant activities under the umbrella of HD Advanced Technologies GmbH.  By systematically building up its defense business, HEIDELBERG has established a further new mainstay alongside its e-mobility subsidiary Amperfied. One example of this strategy in action is ONBERG, a joint venture with the US‑Israeli technology company Ondas that is focusing on autonomous anti-drone defense and security systems. The plan under this collaboration is to initially use the Brandenburg site for the sale and distribution of state-of-the-art anti-drone systems and subsequently industrialize these systems and put them into series production at the site. This strategy is drawing attention to the technological strength of HEIDELBERG in new markets, too.

Fastmarkets reports that the European Commission has said that it “stopped the clock” in its investigation into the joint venture by UPM and Sappi on May 29, with effect from May 26. According to an EU spokesperson, “the ‘clock’ in merger investigations can be suspended if the parties fail to provide, in a timely fashion, an important piece of information that the Commission has requested from them [for its competition assessment] within a prescribed deadline.” The Commission added that once the information is supplied by the parties, the clock will be restarted and the legal deadline for the decision will be “adjusted accordingly.” The initial deadline was set to be October 26.

A week after the white liquor tank implosion disaster, the Longview community mourns the 11 people killed. Implications are emerging for paper and packaging industry supply chains. The pain and sense of loss is palpable in this 38,000-person community in Southwest Washington, as well as in the surrounding areas of the state and neighboring Oregon. Gov. Bob Ferguson called for Washington state agency buildings’ flags to remain at half staff through sunset on June 7. For generations, Longview has had the distinction of being a “mill town,” even as the industrial strip has grown to include other industries such as metals production. Locals describe a tight-knit community where nearly everyone knows someone who has worked at one of the wood or paper mills. Nippon Paper continues to state that the Longview incident’s impact on production, shipments and financial performance is still being assessed. But the paper and packaging industry is beginning to get a sense of current and potential future supply chain effects from the production curtailment. Analysts are flagging that fallout from the Nippon Dynawave incident likely will ripple through the paper and packaging industry. The Longview mill produces roughly 300,000 metric tons of paperboard for cartons and cups annually.

White liquor, a superheated chemical mixture used to break down wood into paper pulp, is at the center of the deadly tank implosion at the Nippon Dynawave paper mill in Longview. The facility employs a common process for making paper known as kraft or kraft pulping. In kraft pulping, wood chips are processed under high pressure and heat (anywhere from 300 to 330 degrees Fahrenheit) while being exposed to extremely caustic chemicals that cause the wood to break down into pulp. White liquor is one of the three main chemical solutions used in this paper-making process. It's a highly alkaline solution, similar to bleach, that will cause severe chemical burns if it comes into contact with skin.  White liquor is arguably the strongest and most important substance in kraft pulping. It's the first compound that the wood is exposed to, and it quickly breaks down the wood chips into a thick pulp. Almost half of the wood completely dissolves into the liquid. Ultimately this compound is extremely dangerous. The chemical solution is so hot and caustic that it will almost immediately cause second and third-degree burns upon contact with skin. Vapors released by white liquor are also flammable, and can cause damage to the eyes, lungs and throat if inhaled.

UPM has signed a definitive agreement to form a graphic paper Joint Venture with Sappi, and the parties have secured financing arrangements that will provide a robust financial standing for the Joint Venture. A non-binding letter of intent (LOI) on the transaction was signed on December 4, 2025. As earlier announced, the planned Joint Venture will include the entire UPM Communication Papers business and Sappi’s graphic paper business in Europe. The Joint Venture will be owned 50/50 by UPM and Sappi. It will operate as an independent company, managing its own operations, resources, and decisions within agreed shareholder boundaries.

The company said it’s evaluating impacts to shipments following an incident at Nippon Dynawave Packaging, which produces paperboard cartons, cups and other products. A deadly incident occurred at Nippon Dynawave Packaging’s pulp and paper mill on Tuesday morning in Longview, Washington, where a chemical tank containing white liquor imploded. The site produces three-layer bleached paperboard, among other outputs.  The Longview Fire Department and other emergency responders have been offering updates. One person is confirmed dead, nine people are unaccounted for, and there were nine confirmed injuries, as of the most recent update. Additional rescues are not expected, according to local news outlets. Japan-based parent company Nippon Paper confirmed in a notice Wednesday that a chemical tank at the facility collapsed, resulting in “multiple casualties,” and the cause of the accident is currently under investigation. “The impact of this accident on our financial performance, the environment, production, and shipments is currently being assessed,” the company said. “We express our deepest condolences and offer our heartfelt sympathies to the bereaved families. We also sincerely apologize for the immense concern and inconvenience this has caused to the local community, our business partners, and all related parties,” Nippon Paper wrote.

One person was killed, nine were injured and nine others remain missing after a major chemical implosion at a Longview pulp and paper mill Tuesday morning, authorities said. The rupture of a tank was reported around 7:20 a.m. at the Nippon Dynawave Packaging facility in Longview, according to the city’s fire department. The incident involved a vat of chemical treatment product described as white liquor. Eight employees and a firefighter were injured; it’s unclear if the person who died was an employee. All nine of the people who remain unaccounted for work at the mill, according to a joint statement sent by the city of Longview shortly before 5 p.m.

It is with profound sadness that the family of Robert Kenneth Irving mark his passing today in Moncton, New Brunswick, following a courageous battle with cancer. Robert K. Irving, Co-CEO of J.D. Irving, Limited, was born on December 3, 1954, in Saint John, New Brunswick. He was the second-oldest son of James Kenneth Irving and Jean Elizabeth Saunders Irving, a grandson of K.C. Irving, and a devoted brother to James (Jim), Mary-Jean and Judith. Together with his wife of nearly 40 years, Jill (née Gougeon), he raised four children: Megan (Jordan), Meredith (Lance), Olivia (Christopher), and Robert James (R.J.) (Samantha). His children were a great source of pride and joy, and he celebrated their accomplishments with love and admiration. That joy only grew when he became a grandfather to Warren, Sutton, Collins, and Fraser – a role he cherished deeply. An innovative and tireless entrepreneur, Robert established and grew successful businesses in various sectors including paper products, food processing, agriculture and transportation. He believed in doing things right the first time and no detail was too small to ignore. He embodied a sentiment his father often quoted: “The best fertilizer is the farmer’s footsteps in the soil.” He thrived on being where the action was – in the fields with farmers, on the manufacturing floor, or in transport terminals. He especially enjoyed meeting with customers at their offices or hosting them at J.D. Irving locations.

Sylvamo is making significant progress on $145 million in high-return projects at its South Carolina facilities.  The investments will improve long-term efficiency, lower costs and increase capacity at the company’s Eastover, South Carolina mill, only strengthening its position as one of the most competitive paper mills in the world.  These projects are part of an overall strategy to invest in low-risk, high-return projects that strengthen business and create long-term value. The $100 million project to optimize and speed up the No. 2 Paper Machine remains on schedule, with most work planned during the extended fourth-quarter maintenance outage. Once complete, this project is expected to improve flexibility, reduce costs and enhance product mix across both paper machines, resulting in approximately 60,000 additional short tons of uncoated freesheet annually.

International Paper has acquired Delmarva Corrugated Packaging in Dover, Delaware. The strategic acquisition of this facility will enhance International Paper's capabilities, expand its market presence, and increase its capacity to produce the highest-quality sustainable packaging solutions for customers.

Fastmarkets reports that Sappi North America sold 106,000 tonnes of graphic papers in the first quarter of 2025, or 18.5% less compared with the 130,000 tonnes sold in the same quarter last year. Slightly lower than the 103,000 tonnes sold in the fourth quarter of 2025.

A Canadian First: The new production line will manufacture a new generation of plastic-free, chemical-free materials Kruger Inc. today announced a $333 million investment marking its entry into the nonwovens sector and advancing its long-term portfolio diversification strategy. This new division will focus on manufacturing some of the industry’s most sustainable materials for a broad range of wipe applications. Central to this major project is the installation of the first production line of its kind in Canada, to be built on Île-de-la-Potherie in Trois-Rivières, adjacent to Kruger’s Wayagamack paper mill, with commissioning scheduled for 2028. Key characteristics of the future materials Nonwoven materials made from 100% natural ingredients, including wood fibres sourced from responsibly managed forests, primarily from Canada Plastic-free and chemical-free Biodegradable and compostable Wet and dry strength, high absorbency, and added bulk for a more cloth-like feel, all exceeding current industry standards

Tony Smurfit, President and Group Chief Executive of Smurfit Westrock, was presented with the ‘Distinguished Leadership Award’ at The Ireland Funds’ 50th Anniversary Gala in New York on May 7. This award recognizes an individual whose leadership and pioneering contributions have made a lasting impact on the world. At the event, Tony was commended for being an ‘outstanding’ business leader for his role at the helm of a packaging giant which spans 40 countries.  “It’s both an honor and a privilege to receive this prestigious award from The Ireland Funds,” said Tony Smurfit. “At Smurfit Westrock, I work alongside a team of talented and dedicated people who have all played their part in building the global leader in sustainable packaging that we have today. It’s quite a transformation journey from where we started with one small box plant in Dublin.”

The paper and building products company is using guidance developed by nonprofit GS1, which manages UPC standards. Seven states have passed extended producer responsibility laws: California, Colorado, Maine, Maryland, Minnesota, Oregon and Washington. UPC barcodes are used by more than 2 million companies globally. Georgia-Pacific is adding packaging-specific metrics, including the glue and tape. Georgia-Pacific has started tracking package weight, materials and origins — alongside traditional retail metrics — using existing barcodes.  That change will make it simpler for the maker of Brawny and Dixie products to prepare filings for extended produce

The hygiene and health company Essity initiates a strategic review of the Consumer Tissue business area's global operations. The review will evaluate strategic alternatives with the aim of creating the best possible conditions for the Consumer Tissue business and the Group to develop to their full potential and maximize value creation. "Essity's Consumer Tissue business has a strong offering under its own brands, retailer brands, and through private label, with leading market positions and an efficient supply chain. The strategic review will evaluate different options for the ownership of Consumer Tissue and is part of our efforts to optimize Essity's product portfolio and maximize value creation," says Ulrika Kolsrud, President and CEO, Essity.

Twin Rivers Paper today announced the acquisition of Potsdam Specialty Paper Inc. , a leader in the development and manufacturing of specialty latex, acrylic, and other saturated base papers. Terms of the deal were not disclosed. PSPI's paper mill in Potsdam, New York, adds 26,000 tons of annual production capacity to Twin Rivers' asset base.

Suzano, the world’s largest pulp producer, announces its results for the first quarter of 2026 (1Q26), achieving a new all‑time record in pulp sales. Over the 12‑month period from April 2025 to March 2026, the company sold 12.7 million tonnes of pulp, the highest volume ever recorded in its history. During the same period, Suzano also sold 1.7 million tonnes of paper across the packaging, printing and writing, specialty, and tissue segments.

UPM has been included among the leading companies and as the only company in its sector in the Dow Jones World and European Sustainability Indices (DJSI) for 2025–2026, placing it among the world's most rigorously assessed sustainability leaders for several years in a row. The DJSI evaluates thousands of the world's largest companies based on environmental, social and governance performance. Companies are evaluated through S&P Global's Corporate Sustainability Assessment, and only the top-ranked in each industry are selected for inclusion. “This recognition reflects the disciplined work we have done across our company for years. UPM offers a broad range of materials and solutions that hundreds of millions of people rely on every day. The renewable fibres, advanced materials, and decarbonization solutions we offer transform supply chains and enable daily sustainable choices,” says Saara Tahvanainen, EVP, UPM Marketing, Sustainability and Communications.

Avondale Global Gateway (AGG) and Suzano today announced a five-year terminal services agreement that will bring regular wood pulp imports back to Louisiana for the first time in more than 30 years. Under the agreement, AGG will serve as one of Suzano’s terminals in the Central Gulf Coast for their wood pulp shipments arriving from Brazil, to be distributed across North America by rail. The first vessel is scheduled to arrive at AGG in the first week of May this year. The agreement marks a significant milestone for both Louisiana and Suzano, the world’s largest pulp supplier and one of Brazil’s biggest exporters which has been present in the American market for over 40 years.

Graphic Packaging Holding Company , a global leader in sustainable consumer packaging, announced a virtual power purchase agreement (VPPA) with NextEra Energy Resources, LLC. Through the agreement, NextEra Energy Resources plans to build a 250-megawatt solar energy plant in West Texas, advancing Graphic Packaging's commitment to source renewable electricity and reduce its greenhouse gas (GHG) emissions. This North America agreement builds on the momentum from a VPPA that Graphic Packaging supported in Spain, consisting of three solar plants expected to cover 70% of the company's energy demand in Europe. Renewable energy is a key driver within Graphic Packaging's Better, Every Day sustainability program, which aims to reduce the Company's GHG emissions and achieve net zero emissions by 2050.

“The American Forest & Paper Association (AF&PA) opposes proposals to expand Renewable Fuel Standard (RFS) incentives to include whole trees, pulpwood and other woody biomass. These policies would raise wood fiber costs and put U.S. pulp and paper mill jobs at risk. This initiative runs contrary to the Administration’s efforts to reshore U.S. manufacturing. “Renewable fuel incentives should not sacrifice U.S. mill jobs by incentivizing wood fiber away from the manufacturing sector. Expanding RFS incentives to whole trees or pulpwood would distort the market for fiber and undermine mill competitiveness.

UPM announced in December 2025 the conclusion of a non-binding letter of intent to form a graphic paper Joint Venture with Sappi. The proposed transaction is subject to merger control approval from the European Commission and authorities in other jurisdictions such as the US and China. On April 28, 2026 the European Commission announced the opening of a Phase II investigation, which is a normal step in the Commission’s merger review process in cases where initial concerns have not been fully resolved during Phase I. UPM continues to engage openly and constructively with the Commission during this second part of the process to address the initial concerns set out in the Commission’s Phase II opening decision. UPM remains convinced of the Joint Venture’s benefits to customers and the entire industry by strengthening the resilience of European graphic paper supply in declining markets.

Hansol Paper and Moorim, South Korea’s first- and second-largest paper companies, issued formal apologies on the 23rd after the Korea Fair Trade Commission (KFTC) sanctioned them for price-fixing. The KFTC imposed corrective orders and a total fine of 338.3 billion Korean won on six paper companies—Hansol Paper, Moorim Paper, Moorim P&P, Moorim SP, Hankuk Paper, and Hongwon Paper—for colluding to raise printed paper prices from February 2021 to December 2024, a period of 3 years and 10 months. This marks the largest-ever penalty in the domestic paper industry’s history. The companies were found to have met at least 60 times, coordinating seven rounds of price hikes by raising base prices or reducing discounts, resulting in an average 71% price increase.

A new report from the Book Manufacturers’ Institute on the state of the book industry predicts that printing is on the cusp of potential major changes. The report notes that because American book manufacturers are no longer preoccupied with meeting European Union Deforestation Regulation (EUDR) requirements (print products were removed from the regulations late last year), they are better positioned to integrate digital printing, AI tools, and better communication with publishers to create a more efficient manufacturing environment. One potential shift in the publisher-printer relationship could stem from publishers' growing acceptance of digital printing, as they become more willing to deviate from offset printing in order to lower costs. “Historically, purchasing has trended toward sourcing books at the lowest unit cost, which would then be printed with conventional technology and stored in inventory as needed,” the report states. “As book demand has dropped amidst digitization, publishers are now increasingly less inclined to purchase in such high volumes with inventory and disposal costs potentially negating the low unit cost savings.”

Rayonier Advanced Materials Inc. ("RYAM" or the "Company") announced that the Company is engaged in a formal process to explore strategic alternatives to maximize shareholder value. In connection with the strategic alternatives review The strategic review will consider a range of potential strategic, business and financial alternatives, which may include, among other things, a sale of all or part of the Company, a strategic investment, a merger or other business combination, or other strategic or financial alternatives, as well as continuing to execute on the Company's standalone strategic plan.

Kruger Energy has begun construction of the Saint-Paul-de-Montminy wind farm in Quebec, a project with an installed capacity of 196 MW and an investment of more than $580 million. The facility is being developed across the municipalities of Saint-Paul-de-Montminy, Notre-Dame-du-Rosaire and Sainte-Apolline-de-Patton and is expected to begin operations in December 2027. The project is being carried out in partnership with the Alliance de l’énergie de l’Est and Potentia Renewables. Following the completion of regulatory approvals, construction activities have entered the implementation phase.

In the midst of widespread funding shortfalls for most rural Alabama hospitals, Georgia-Pacific operations in Escambia and Monroe counties are helping hospitals there with a much-needed funding boost. Georgia-Pacific’s Brewton Containerboard and Alabama River Cellulose facilities donated a total of $500,000 to three rural hospitals in Alabama. The funding will help local hospitals provide critical health services to the community.

Ecostrat and BMI Group recently announced a collaboration to leverage BDO Zone Ratings to 'ready-state' BMI's legacy pulp and paper assets across Canada for next-generation investment in the bioeconomy. The collaboration will use BDO Zone Ratings to advance the development of multi-product biorefinery platforms capable of producing biofuels, renewable chemicals, biogas, engineered wood products, including mass timber, and other advanced manufacturing technologies at BMI properties. BMI Group has acquired a portfolio of nine former pulp and paper mill sites across Canada with the intention of repurposing them for new industrial uses.

Kimberly-Clark announced the organizational structure and key leadership that will become effective upon completion of its pending acquisition of Kenvue Inc. Kimberly-Clark and Kenvue first announced the $48.7 billion deal on Nov. 5, 2025. Some of Kenvue's well-known brands include Tylenol, Aveeno, BAND-AID Brand, Johnson's, Listerine and Neutrogena. After close, the combined company will operate with four business segments, each driving a focus on winning in its local markets. The transaction remains on track to close in the second half of 2026, subject to the receipt of regulatory approvals and satisfaction of other remaining customary closing conditions.

Clearwater Paper announced the restructuring of its Cypress Bend, Arkansas facility, resulting in the reduction of approximately 20% of salaried and hourly roles at the facility. The company plans to operate the facility at about half of its production capability.  "We are faced with a supply driven downturn in our industry that is pressing margins and cash flows. We've made this difficult decision to improve our operating rates and reduce costs," said Arsen Kitch, president and chief executive officer. Clearwater Paper has an installed capacity of about 1.4 million tons of SBS across 3 mills and 5 paper machines: Lewiston, Idaho; Cypress Bend, Arkansas; and Augusta, Georgia.

"We are disappointed by the court's decision denying our motion to join the challenge to Oregon's Recycling Modernization Act. While we respectfully disagree with the ruling, AF&PA remains fully committed to pursuing all available legal and strategic options to protect our members' interests. "As Oregon's program moves into implementation, it is becoming clear that the law imposes significant and unnecessary burdens on paper products that are already among the most successfully recycled materials in the United States.

An Oregon judge offered new clarity this past week on who is temporarily exempt from enforcement of the state’s extended producer responsibility for packaging law, and imposed limits on other…

Market dynamics continue to create significant cost pressures across our business. After careful evaluation, Sappi North America is implementing a transactional and list price increase of 6% on new and unconfirmed Graphics orders for the following sheet and web products, effective immediately: McCoy Opus Somerset Flo Euroart Galerie Private Label These increases apply to all weights and finishes, and standard differentials and upcharges will remain in effect.

We were honored to welcome John Miller, Secretary and CEO of the Wisconsin Economic Development Corporation, to our Biron Mill this month. Mill Manager Steve Raczek led the visit, showcasing ND’s continued commitment to Wisconsin’s economy and environment. The tour highlighted our $315 million in strategic investments since 2018, our partnerships with more than 900 Wisconsin-based vendors, and the significant environmental impact of our 100% recycled fiber-based packaging grades, which help keep valuable materials out of landfills. We’re proud to contribute to Wisconsin’s economic vitality and to demonstrate the sustainable innovations happening at Biron.

According to Fastmarkets reporting the European Commission is expected to complete the first phase of its review into the proposed graphic paper joint venture between UPM and Sappi before the end of April.

Georgia-Pacific announced that effective immediately, David Duncan, Executive Vice President of Georgia-Pacific's consumer products group, has been named President and CEO. Mark Luetters, who currently serves as executive vice president of Koch, Inc., with responsibility overseeing several Koch companies, had temporarily served as President and CEO of Georgia-Pacific since 2025.

NORPAC will cease production of newsprint at its Longview, WA mill effective May 1. After NORPAC stops making newsprint in May, there will be only one newsprint mill in operation in the US - Inland Empire’s Millwood mill, also in Washington state. There are nine newsprint mills in Canada: three owned by White Birch Paper, two owned by Domtar, two owned by Kruger, and one each owned by Alberta Newsprint and Kap Paper.

Following Sappi’s recent price increase communications for Graphic Paper products (WFC/UWF/MC) effective 16 March 2026, today they are announcing necessary further pricing adjustments. To address the underlying margin gap, Sappi Europe will implement an additional price increase of €40 per ton on all Mechanical Coated Reels and €50 per ton on all Woodfree products for deliveries from 15 April 2026 onwards.

Voith has reached an important milestone with the delivery of its 3,000th headbox. Since the first Voith headbox was supplied in 1914, the company has continuously improved one of the most critical components of the paper machine. Today, Voith headboxes are installed in paper mills around the world and form the technological basis for stable production, consistent quality and high operational efficiency. Headboxes play a central role in papermaking. Their primary task is to ensure uniform basis‑weight profiles across paper webs that can reach widths of up to ten meters. Headboxes are not only essential for new paper machines, but also play a major role in rebuild projects, capacity increases and grade conversions.

In December 2022, 3M shocked the chemicals world when it announced it would stop PFAS production. The company, which pioneered PFAS in the 1950s and now faces billion-dollar lawsuits over the resulting pollution, said it would stop making PFAS by the end of 2025. “3M completed its exit of PFAS manufacturing at the end of 2025,” says 3M’s annual report, published earlier this month. It means this huge multinational has taken an important step towards detoxifying its production. When it announced it would stop making PFAS, the company said it would also “work to discontinue the use of PFAS across its product portfolio by the end of 2025”. Indeed, we can see that 3M has removed PFAS from almost 7,000 products during the past three years – that’s about one-third.

Norske Skog said that work is nearing completion on PM1 at its mill in Skogn, Norway, that will give the machine the capability to produce high-quality book paper, along with its usual paper grade, newsprint. The new book paper will be marketed under the brand name "NOR Book." "The development represents an investment of NOK 40 million (EUR 3.5 million), giving us the flexibility to produce more than 140,000 tonnes annually," the company said. "NOR Book will be produced from 100% virgin fibre and is designed to deliver industry-leading low CO2 emissions.

The American Forest & Paper Association (AF&PA) released the February 2026 Printing-Writing Monthly report. According to the report, total printing-writing paper shipments decreased 6% in February compared to February 2025. Across the 3 major printing-writing categories — uncoated free sheet (UFS), coated free sheet (CFS), and mechanical (MECH) — net imports declined 16% in January compared to the same month last year.

Members of the United Steelworkers (USW) have ratified a new four-year collective agreement covering approximately 2,400 employees across several Domtar paper mills in the United States. The agreement, which runs through December 2029, includes significant wage increases and enhanced benefits. The negotiations took place under specific conditions. It was the first agreement reached since Domtar’s integration into Paper Excellence in 2021, followed by the acquisition of Resolute Forest Products in 2023. Talks also occurred against a backdrop of market slowdown and production downtime across the industry. Despite these challenges, the union points to meaningful gains. The contract provides for wage increases exceeding 12% over its term, along with a signing bonus, improved pension plans, and continued access to affordable health care.

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Lecta Paper Industries Intermediate Financing S.à r.l. ('Lecta') by Apollo Capital Management ('Apollo Funds'), a private equity firm based in New York. According to information on Lecta's website, the company has a production capacity of approximately 1.6 million tons of paper and about 2,700 employees.

HD Advanced Technologies (HDAT), a wholly owned subsidiary of Heidelberger Druckmaschinen AG (HEIDELBERG), and Ondas Autonomous Systems (OAS), a subsidiary of US-based Ondas, Inc (Nasdaq: ONDS) (“ONDAS”) and a leading American-Israeli provider of autonomous defense and security systems, are joining forces by creating ONBERG Autonomous Systems (ONBERG), a joint venture (JV) for autonomous drone defense systems. The partners are thus implementing the Memorandum of Understanding signed in December 2025. In the long term, ONBERG aims to close the existing market gap in the protection of critical infrastructure in Europe as a one-stop shop for autonomous drone defense systems. The solution portfolio is geared toward the highest requirements of national security, border protection, and the protection of critical infrastructure, and addresses military, civil, and industrial applications. It is based on OAS‘s battle-proven systems, which will be gradually supplemented with additional autonomous technologies as well as sensor and communication technologies. ONBERG will use HEIDELBERG’s existing infrastructure, particularly its site in Brandenburg an der Havel, which is being expanded into a leading center of excellence for drone defense and autonomous security systems.

PaperAge is proud to announce that Mike Haws, President and CEO of Sappi North America, is the recipient of our 2026 "Executive Papermaker of the Year" award. PaperAge selects its…

Sofidel has finalized the details of the tissue capacity expansion plan announced last October to further strengthen the company's production capacity in the United States. The expansion will take place at the company's integrated facility in Inola, Oklahoma. The plan includes the construction of a new building to house the previously announced 75,000 tonnes per year Valmet Through-Air-Drying (TAD) tissue machine, along with the installation of converting lines with matching capacity for the production of finished goods. The project also includes the expansion of the pulp and parent reel warehouse, and the construction of a fully automated finished goods warehouse — developed using E80 technology — with 100,000 pallet positions. The new buildings will cover a total area of approximately 1,000,000 square feet (90,000 square meters). The total investment amounts to $775 million.

Recent results from forest products producers suggest that lumber and pulp markets remain under pressure but are beginning to show early signs of stabilization. North American lumber markets remained difficult through the final quarter of 2025. Elevated U.S. countervailing and anti-dumping duties continued to weigh on exports, while a 10% tariff introduced under Section 232 in October added further uncertainty for Canadian producers. Demand conditions also softened across offshore markets. China’s prolonged housing downturn continued to suppress lumber consumption, while Japan saw weaker demand linked to declining housing starts. In Europe, high log costs and constrained spruce supply limited purchasing activity despite seasonal inventory restocking. However, supply conditions began to tighten late in the quarter. Industry-wide sawmill curtailments announced in mid-December, combined with already low inventories, helped support modest gains in benchmark lumber prices as observed late in the fourth quarter. These improvements have carried into early 2026, although market participants remain cautious amid ongoing economic uncertainty and unresolved trade tensions between Canada and the United States. Pulp markets showed a similar pattern of weakness followed by tentative stabilization.

Ahlstrom on Feb. 27 filed a WARN letter with Wisconsin's Department of Workforce Development stating that it plans to close the pulp mill and two paper machines — M2 and M3 — at its mill site located at 100 Main Street, Mosinee, Wisconsin. The closings will take place or begin starting on June 30, 2026. In the letter, Ahlstrom said, "We expect the closing of the Pulp Mill and the M2 and M3 paper machines to be permanent in nature. This closing will involve cessation of all operations and termination of the identified areas. The number of affected employees is approximately 21 salary and a significant number of hourly positions that will not be certain until after effects bargaining."

International Paper wants to “liberate” its “two regional powerhouses” with the planned split into one North America and one Europe-focused company, CEO Andy Silvernail discussed Thursday morning at the Bank of America Securities 2026 Global Agriculture and Materials Conference. “When I joined the company, my goal was to turn this into exclusively a packaging business,” said Silvernail, who became CEO in 2024 following a background in private equity and other manufacturing and technology companies. IP accomplished that with the $1.5 billion sale last year of its global cellulose fibers business, he said. While IP has good positions in both the North America and EMEA markets, “they really don’t have anything to do with each other,” he said. “That really started my thinking around then they shouldn’t be together.”

The forest sector is a lifeline for communities across the country and an important pillar of Canada’s economy. In the face of unjust U.S. trade measures, the Government of Canada is taking decisive action to support the forest sector, protect workers and their jobs, and give Canadian companies the stability they need to weather short-term shocks and retool for a stronger, more diversified future. In August 2025, Prime Minister Mark Carney announced a series of new measures to help the forest sector transform and remain competitive. These measures will help unlock the full potential of our industry as the federal government scales up housing and major infrastructure construction and drives long-term economic growth, rooted in Canadian resources and innovation. Today, the Government of Canada is taking the next step to support and retool our forest sector. The Honourable Tim Hodgson, Minister of Energy and Natural Resources, launched a national Calls for Proposals under Natural Resources Canada’s forest sector transformation programs, supported by a $500-million commitment. Canada’s forest sector is a major economic driver, supporting nearly 200,000 workers, including over 11,000 Indigenous people and contributing more than $20 billion to our GDP.

The union that represents workers at Corner Brook Pulp and Paper and Deer Lake Power is requesting an urgent meeting with top brass at Kruger Inc., as questions mount about the future of the newsprint sector, and Kruger's ambitious plan to diversify its operations in Newfoundland and Labrador. In a letter to Kruger Inc. CEO Joseph Kruger that was obtained by CBC News, Unifor president Lana Payne expressed concerns about the "lack of clarity and transparency" from the company about its business plan for the century-old operation, and the future of the roughly 300 people who work at the newsprint mill.

Domtar’s Calhoun, TN site has begun installation of a new, world-class high-speed tissue converting line designed to increase operational output, enhance efficiency, and support long-term scalability. The advanced equipment will help better align the mill’s tissue production capacity with its converting capabilities, strengthening overall operational performance to better service the US tissue market. To complement the new line, the mill is also expanding its existing warehouse space for parent tissue rolls. This additional capacity will support improved inventory management and provide greater operational flexibility. “This investment underscores the Company’s continued commitment to operational excellence and future growth in the US tissue market,” said Tony Sanders, vice president of sales and marketing.

Finnish pulp engineering and paper mill technology group Valmet expects growth to stall as economic uncertainty leads customers to postpone investment decisions. The company reports declining new orders and forecasts that sales this year will remain roughly in line with 2025 levels. Over the past year, the value of new orders fell by just over ten per cent compared with the previous year. The trend weakened toward the end of the year, and in the fourth quarter incoming orders dropped to nearly half the level recorded in the same period a year earlier.

tora Enso is stepping up its strategic transformation as it sharpens its focus on renewable materials and fibre-based packaging, while reshaping its portfolio to support long-term value creation. A key milestone is the planned separation of the company’s Swedish forest assets business into a new, independently listed entity. Expected to be completed in the first half of 2027, the move aims to create two companies with distinct strategic profiles: a packaging-focused renewable materials group and Europe’s largest listed pure-play forest company. In parallel, Stora Enso has launched a strategic review of its Central European sawmills and building solutions operations. Several scenarios are being assessed, including a potential divestment, as part of the group’s active portfolio management and tighter strategic focus. Packaging growth remains anchored in the Oulu site in Finland, where the ramp-up of a new consumer board production line continues. While still impacting short-term profitability, production volumes are gradually increasing, with full capacity expected in 2027. The acquisition of Junnikkala Oy further strengthens the wood supply chain supporting the site. From 2026, Stora Enso will also introduce a new reporting structure, consolidating packaging activities into Consumer Packaging and Integrated Packaging, alongside Biomaterials and Other, to reflect a more business-focused operating model.

Metsä Board has suspended its plans to convert production at its Husum mill in Sweden, putting an indefinite hold on a project that would have repositioned part of the site toward specialty packaging grades. The company had been evaluating a conversion of the BM 2 production line to manufacture food-grade packaging papers and siliconised greaseproof papers — segments seen as aligned with evolving brand and consumer expectations around sustainable packaging solutions. That transition is now paused, with operations continuing under the mill’s current production configuration. The decision reflects softer visibility in market demand and shifting conditions for those specialty grades. In a context marked by cautious ordering patterns and uneven recovery across packaging markets, the move signals a preference for operational stability over near-term capacity repositioning.

inland’s forest industry could be forced to reduce capacity again as rising raw material costs and weaker market conditions weigh on profitability. That assessment comes from Juha Varis, senior portfolio manager at S-Bank, who warned in the Talousaamu programme that the sector faces mounting pressure. The warning comes amid a more challenging environment for pulp and paper producers. Wood prices remain elevated while demand for several forest industry products has developed more weakly than expected, increasing investor expectations that production cuts may follow. Stora Enso CEO Hans Sohlström commented on the situation in the same programme, noting that the company’s Finnish pulp production is integrated with its paperboard operations, which affects overall profitability assessments. UPM CEO Massimo Reynal gave a similar view in an interview with Kauppalehti. He said the situation is challenging for forest companies across the northern hemisphere. – If the situation continues in the same way going forward, it becomes increasingly difficult to imagine that mill closures would not occur. This is not a matter of opinion, but a fact, he told the newspaper.

Smurfit Westrock announced it will permanently close one of the two paper machines at its La Tuque, Quebec, mill. The machine's annual production capacity of 127,000 tons of solid bleached sulfate (SBS) paperboard has faced ongoing scale and cost challenges. SBS is used for foodservice and frozen foods packaging, along with healthcare, premium consumer goods and more. The machine closure is part of the company's commitment to strengthen its SBS portfolio and ensure the long-term competitiveness of its paperboard operations.

The decision was announced during the Unifor Eastern Forestry Wage Policy Conference, held February 4–6, 2026, in Montreal. Delegates representing workers from paper mills, sawmills, and forestry operations met to establish common bargaining priorities and define a unified approach ahead of negotiations. “This is a critical moment for our forestry sector and for the members we represent across Eastern Canada,” said Lana Payne, National President of Unifor. She pointed to ongoing economic and trade pressures while expressing confidence in local leadership to secure agreements that deliver tangible gains for workers.

Sappi Europe announced a price increase of EUR 50 per ton on its Woodfree Coated (WFC) sheets portfolio, effective 16 March 2026. In a press release Sappi said, "Over the past months, market prices for Woodfree Coated sheets have fallen heavily, driven by weak demand and intense competitive pressure. This decline has pushed selling prices to levels that no longer reflect the underlying cost realities of the industry.

Henkel has purchased the Dutch Stahl Group for €2.1 billion (US$2.5 billion) from the majority owner, Wendel SE, a French investment firm. Through the acquisition, Henkel gains access to Stahl’s high-performance specialty coatings for flexible materials used in packaging. Stahl’s portfolio includes leather finishing coatings, performance coatings, as well as high-performance paper packaging and graphics coatings.

UPM Communication Papers delivered Q4 results on par with Q4 2024. However, the annual results were lower due to continued structural market decline. During the quarter UPM Communication Papers stopped production at its Kaukas mill in Finland and at its Ettringen mill in Germany, reducing its paper production capacity by 13%. We are entering 2026 with some cautious optimism. The business environment at the beginning of the year is showing signs of stability, even if there continue to be uncertainties in geopolitics and trade. We will continue to focus on performance, cash generation, strengthening the balance sheet and successfully completing the strategic portfolio initiatives.

Investment is rising in domestic production, automation, M&A and more. At the same time, manufacturers are navigating a complex  environment due to trade policies and changing regulations. U.S. manufacturing investment and policy will once again be in the spotlight during 2026, after a very eventful year in 2025.  President Donald Trump’s administration is aiming to bolster domestic investments through tariffs, as well as an ongoing deregulatory push. Federal jobs data and economic reports show a more complex picture about how quickly that rebound may be happening. Meanwhile, investment continues to ramp up in the space via M&A activity, major facility projects, automation, artificial intelligence and more.

Billerud closed 2025 with another year of standout performance in North America even as the company grappled with a far more challenging environment in Europe and Asia. In the fourth quarter, Billerud North America delivered a 20% earnings before interest, tax, depreciation and amortization (EBITDA) margin, continuing its trend of “excellent profitability". The company’s mill operating rates rose to 79% in the fourth quarter, up from 68% in the same period of 2024. Across the full year 2025, North America again accounted for roughly half of Billerud’s group EBITDA despite representing only one third of total net sales.

The manufacturing sector expanded in January for the first time in a year, with the Institute for Supply Management’s latest Purchasing Managers’ Index reaching its highest point since February 2022.  ISM’s index registered 52.6% last month, up 4.7 percentage points from December, which was the lowest manufacturing activity point in 2025. A PMI index below 50% indicates an industry in contraction. Only 20% of the manufacturing sector is in contraction, compared to 85% in December. Printing and related support activities are in the growth category.

The American Forest & Paper Association (AF&PA) released the Q4 2025 Boxboard Quarterly report. According to the report, total boxboard production in Q4 decreased 2% compared to Q4 2024. It was down 1% when compared to the same 12 months of 2024. The boxboard operating rate in Q4 2025 was 85.6%, down 2.3 points from the same quarter in 2024.

The American Forest & Paper Association (AF&PA) released the Q4 2025 Containerboard Quarterly report. According to the report, total containerboard production in 2025 decreased 4% compared to 2024. Operating rates stayed flat over the same time period, ending the year above 91%. While linerboard production for export declined throughout 2025, medium production for export finished the year up 3%. Semichemical medium and recycled linerboard production were fairly consistent over the year, with overall declines of 1% and 2% respectively.

The American Forest & Paper Association (AF&PA) today announced Steve Henry, Domtar’s Paper & Packaging CEO & President USA, as incoming Board chair. He joined other pulp, paper, packaging and tissue product industry leaders at the association's Winter Board of Directors’ Meeting on January 29. The AF&PA Board of Directors consists of top industry leaders who represent a broad spectrum of companies in the paper and wood products manufacturing sector.  These companies operate mills and converting operations in nearly every state across the country, often in rural communities.

International Paper, a global leader in sustainable packaging solutions, has completed the sale of its Global Cellulose Fibers (GCF) business to funds affiliated with American Industrial Partners (AIP). As part of the sale agreement, AIP acquired the GCF business for $1.5 billion including the issuance to International Paper of preferred stock with an aggregate initial liquidation preference of $190 million. The GCF business creates safe, high-quality pulp for a wide range of applications such as towel and tissue products, diapers, feminine care, incontinence and other personal care products that promote health and wellness. In addition, its specialty pulp serves as a sustainable raw material used in construction materials, paints, coatings and more. The GCF segment of International Paper generated $2.8 billion in revenue in 2024, including contributions from mills that have since closed.

The packaging and manufacturing industries are navigating a period of significant disruption, driven by persistent workforce challenges, according to a report entitled “2025: Inside the Workforce Gap” from PMMI, The Association for Packaging and Processing Technologies. From high turnover and an aging labor force to evolving technology and rising difficulty in talent acquisition and retention, companies are being forced to adapt. Studies from the United States Bureau of Labor Statistics predict that an additional 3.1 million jobs in maintenance and repair occupations will be added by 2031. This is a disconcerting possibility, as many manufacturers report that attracting and retaining a quality workforce already ranks among their most critical hurdles. Workforce challenges are placing increased strain on both consumer packaged goods (CPG) companies and original equipment manufacturers (OEMs), as evidenced by CPG personnel interviewed for the PMMI report, who cited retirements of experienced staff (especially since COVID), high turnover among new hires, and intense competition for technicians, which leave many companies unsure how the labor pool will improve.

Thunder Bay Pulp and Paper will exit the newsprint segment in the first quarter of 2026, concluding that structural demand erosion has rendered the business no longer viable under current market conditions. The company will file formal notices with Ontario’s Ministry of Labour to cease newsprint operations at its Thunder Bay site, following several years of sustained demand contraction. Company management cited a 40% decline in North American newsprint consumption since 2022 including an 18% year-over-year reduction in 2025 as the decisive factor behind the move, outweighing all previously explored repositioning and optimization scenarios. Thunder Bay Pulp and Paper is a producer of northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp, as well as paper and newsprint. The company was acquired by Atlas Holdings from Resolute Forest Products in 2022.

Domtar has announced a temporary reduction in its lumber production for the first quarter of 2026, citing difficult market conditions, ongoing U.S. tariffs and persistent economic uncertainty.  The company plans to curtail output by 150 million board feet, a measure that will affect its facilities in Quebec, Ontario and the United States. According to the company, the move primarily reflects the current weakness in North American lumber demand. “Demand for lumber remains low, which requires us to adjust our production levels in line with market conditions,” said Luc Thériault, Chief Executive of Wood Products and President – Canada, at Domtar.

Sappi has expanded its range of functional packaging papers with a full set of heat-sealable solutions designed for converters, printers, and brand owners who want fibre-based alternatives to plastic.  The papers are designed as mono-material to be recyclable in the paper waste stream, where suitable collection and sorting systems exist, and are suitable replacements for PE-coated papers and many plastic-based laminates. The broad mix of grammages and finishes makes it easier to replace existing solutions with minimal disruption.

Total printing-writing paper shipments decreased 11% in December compared to December 2024 and 8% on a year‑to‑date basis. Total printing-writing paper inventory levels decreased 2% when compared to November 2025. Using the latest available trade data from the U.S. Census Bureau, October 2025, across the 3 major printing-writing categories – uncoated free sheet (UFS), coated free sheet (CFS), and mechanical (MECH) – purchases declined 14% in October, compared to October 2024. Individually, MECH purchases decreased the most, down 18% over the same time period.

Total packaging papers & specialty packaging shipments in December increased 2% compared to December 2024. They were up 1% when compared to the same 12 months of 2024. The bleached operating rate increased slightly from November to 74.5% but remained below the year-to-date rate of 75.1%. Capacity was down 2.6% for the year. Unbleached bag & sack shipments were down 2.6% from last December, and down 2.2% year‑to‑date. Total inventories were up 6% from the same month last year.

The restart will be phased, allowing the company to align operating levels with market conditions and workforce readiness as crews return across key areas of the mill. CBPPL said the approach is intended to ensure a stable and controlled ramp-up. The site produces newsprint for North American and international markets and supports more than 1,000 direct and indirect jobs across the province. Corner Brook Pulp and Paper has been owned by Montréal-based Kruger Inc. since 1984. Founded in 1904, Kruger is a privately held family company active in tissue, recycled containerboard, packaging, pulp and paper, and renewable energy, with operations across Canada and the United States.

More North American uncoated freesheet (UFS) paper producers announced price increases for the first quarter of 2026, driven by reduced supply, industry contacts reported to Fastmarkets. Domtar, Sylvamo, Finch Paper, North Pacific Paper Company (NORPAC), Twin Rivers and French Paper have joined Pixelle Specialty Solutions, Neenah and Mohawk in announcing higher prices.

Managing overcapacity and the low profit margins that follow is a well-known headache for paper and packaging executives. A new multiyear study by Bain & Company shows why overcapacity persists across industries: Executives are overly optimistic when they make their strategic plan. Most companies aim to grow their revenues at twice the rate of the underlying market and profits at four times the rate of the market. In reality, only 7% of industrial companies achieve this goal. Furthermore, in capital-intense industries like paper and packaging, these optimistic plans often lead to significant capital spending and persistent overcapacity. Recent geopolitical uncertainty and tariffs have only added further complexity to the overcapacity conundrum. In paper and packaging, leading companies do not bet on competitors scaling down or disappearing; instead, they focus on improving their own cost advantage, as overcapacity could reoccur. This might mean proactively closing capacity when necessary and avoiding the scenario in which supply so outstrips demand that players keep undercutting each other on price, until only a few can make money. For example, leading producers of graphic paper like UPM, Domtar (formerly Paper Excellence Group), Stora Enso, and Nippon Paper have all closed meaningful capacity in recent years as demand declined.

As expectations rise for sustainability data to be credible, comparable and usable in real-world decisions, Sappi has been recognised by CDP for the quality and maturity of its environmental disclosures. Sappi achieved a prestigious Carbon Disclosure Project (CDP) ‘A’ score for Forests in 2025, ranking highly among nearly 20,000 companies scored. Recognition for Sappi’s ongoing progress in Climate Change (A-), Water Security (B) attained; both remain key priorities in Sappi’s recently announced targets leading up to 2030.

The global environmental non-profit CDP has published its annual A Lists, recognising companies for leadership in environmental transparency and performance. Out of nearly 20,000 companies scored globally, only 23 achieved the highest rating – the Triple A. Metsä Board was one of these companies and the only Nordic company on the Triple A list. CDP scores companies on Climate Change, Forests, and Water Security, with an ‘A’ marking the highest level of achievement. Securing a Triple A rating places Metsä Board among global leaders demonstrating comprehensive disclosure, mature environmental governance, and meaningful progress toward environmental resilience.

Stora Enso Oyj announces the proposed members for the Board of Directors of the new forest asset company planned to be demerged from Stora Enso (the "New Company"). The demerger is expected to be completed in the first half of 2027.

Cascades is moving forward with a $6 million expansion at its Eau Claire facility, a project expected to create 36 new jobs over the next two years and reinforce Wisconsin’s role as a key hub for the paper and tissue industry. The project is supported by the Wisconsin Economic Development Corporation (WEDC), which has approved up to $200,000 in performance-based state income tax credits. The final value of the incentives will depend on the number of jobs created and the level of capital investment completed by the company. Cascades’ investment centers on the installation of a state-of-the-art converting line, described as one of the most advanced in the company’s asset portfolio. The new equipment will enable the introduction of premium product lines, expand converting capacity and improve integration rates, strengthening the company’s market coverage in the region.

U.S. manufacturing activity contracted at a faster month-over-month pace in December, decreasing to its lowest point since October 2024, according to the Institute for Supply Management’s latest Purchasing Managers’ Index. Continued tariff uncertainty and weak demand are leading factors. ISM’s index registered 47.9% in December, down 0.3 percentage points compared with November. A PMI index below 50% shows an industry in contraction. Despite improvements in three of the four main demand areas — including new orders, backlog of orders and new export orders — the indexes continued to be in contraction. Meanwhile, production slipped 0.4 percentage points, but expanded for the second month in a row.

The American Forest & Paper Association (AF&PA) released the November 2025 Printing-Writing Monthly report. According to the report, total printing-writing paper year to date shipments decreased 8% in November compared to November 2024, yet the YTD operating rate is nearly 4 points higher in 2025 compared to 2024. Total printing-writing paper inventory levels in November decreased 5% when compared to October 2025. Using the latest available trade data from the U.S. Census Bureau, September 2025, across the 3 major printing-writing categories — uncoated free sheet (UFS), coated free sheet (CFS), and mechanical (MECH) — purchases declined 12% in September, compared to September 2024.

Suzano has started operations this week at its new fluff pulp production line located in its Limeira mill in Brazil's São Paulo state. This R$490 million investment increases Suzano's total fluff pulp production capacity by more than 400%, from 100,000 to 440,000 tonnes per year. The project, which Suzano first announced in October of 2023, involved converting the existing pulp line at the Limeira unit into a flexible machine, capable of producing both Eucafluff® and market pulp. Eucafluff is used in the production of absorbent and personal hygiene products, such as baby and adult diapers, sanitary pads and pet pads. Market pulp is used for making products like toilet paper, printing and writing papers, and paper packaging.

The American Forest & Paper Association (AF&PA) released the November 2025 Packaging Papers Monthly report. According to the report, total packaging papers & specialty packaging shipments in November decreased 10% compared to October, though they were up 1% from November 2024. They were also up 1% when compared to the same 11 months of 2024. The unbleached operating rate decreased to 79%, its second lowest level for the year behind May's 76.9%; capacity was down 1.6% year-to-date. Bleached food wrapping shipments were down 2.2% from last November, but up 7.4% year to date.

China's pulp and paper sector is witnessing transformative growth with Huatai Group's announcement of its monumental $2.3 billion investment in a fully integrated forest-pulp-paper project located in Yulin, Guangxi. This state-of-the-art facility is designed to produce 400,000 tons of dissolving pulp, 600,000 tons of chemical wood pulp, and 900,000 tons of eco-friendly industrial paper each year. Supported by a vast 1.5-million-mu raw material forest base—equivalent to approximately 100,000 hectares—the project exemplifies the industry's shift toward vertical integration, securing supply chains against volatile raw material prices and enhancing operational resilience. As China accelerates toward high-quality development, projects like Huatai's exemplify capacity optimization and sustainability. Peers such as Nine Dragons and Sun Paper are pursuing similar strategies, fostering competition while driving innovation in **Recycling / Deinking Technologies** for pulp processing. This integration model not only stabilizes domestic supply but also challenges traditional exporters in North America and Europe to adapt strategies.

UPM announced that it will permanently close its paper mill in Ettringen, Germany, on December 31, 2025. "With the plans announced [March 11, 2025], we are continuing to selectively adjust our paper capacity to a profitable customer demand. This would ensure an efficient and flexible use of our remaining paper assets." UPM said the respective employee consultation process has now been completed, and the closing impacts 189 employees. Following the closure of the Ettringen mill, UPM's uncoated mechanical paper production capacity will be reduced by 270.000 tonnes per year.

The Coastal Forest Policy Coalition is sounding the alarm over what it describes as a structural crisis in British Columbia’s coastal forest sector, citing mill closures, job losses, and a chronic lack of economically viable fibre supply driven largely by policy constraints. Coastal harvesting volumes have fallen sharply over the past decade. In 2025, the Coast is expected to harvest 6.5 million cubic metres of timber, less than half of the 15 million cubic metres considered the sustainable allowable annual cut. The Coalition says the shortfall reflects a permitting system that has become increasingly complex and time-consuming. Permit submissions have dropped 93%, from roughly 2,300 per year in 2016 to just 167 by mid-2025. At the same time, permit preparation timelines have stretched from about 90 days historically to 300 days today. As a result, coastal harvesting has declined by 50% over the past ten years, contributing to the closure of nine mills since 2018 and the loss of 5,400 jobs since 2022.

More than a century of paper making at Feldmuehle will come to an end with the shock announcement that the mill cannot continue and will be shut down. Feldmuehle announced that it was “not economically viable” to keep operating. A source close to the company said the news had come as a shock for employees. In a statement, the mill hit out at the energy situation in Germany, and stated: “It seems that there is no desire for energy-intensive industry to remain in Germany.” Explaining the dramatic decision, Feldmuehle said: “In recent years, our company has made high-quality, capital-intensive investments in sustainability and energy efficiency. “We have optimised and modernised processes, committed ourselves to training the next generation, developed new products and reduced our costs – all in a highly competitive environment. Paper production at Feldmuehle has ceased, and the Uetersen mill will now finish and sell its remaining stocks over the coming weeks. It made wet strength label papers and flexible packaging papers, with annual capacity of around 80,000tpa. The mill had been in operation for more than 120 years, with the business dating back to 1904.

UPM is a material solutions company with world-class businesses in growth markets. With the intended graphic paper Joint Venture between UPM and Sappi announced Friday, UPM aims to position the communication paper business for continued value creation for its customers in a way that benefits UPM shareholders. Assuming the Joint Venture is formed, UPM would achieve a stronger growth profile, improved margins and leverage, with no direct sales exposure to the declining European and North American graphic paper markets. Assuming the Joint Venture is formed, the future UPM would have an attractive business portfolio focused on renewable fibres, advanced materials and decarbonization solutions that all operate on growing markets. Across these businesses UPM has shown a strong track record of realized growth above GDP, with an aggregate annual sales growth of about 4.4% (CAGR) during the past decade (2014-2024). These businesses are leading in their fields and aim for world-class performance. The company has global market presence, which enables its businesses to capture opportunities in faster-growing markets, serving them from competitive production platforms.

Sappi and UPM have today announced the signing of a non-binding letter of intent to form a non-listed, independent 50/50 Joint Venture for graphic paper. This Joint Venture will bring together Sappi’s European Graphic Paper business with UPM’s Communication Papers business in Europe, the UK and the US. Sappi and UPM will sell their respective businesses and assets mentioned below to the newly formed Joint Venture with a combined enterprise value of €1,420 million excluding the value of the expected synergy benefits. At closing the Joint Venture will raise debt to fund the purchase prices payable to Sappi and UPM respectively. The Joint Venture’s dividend policy will be to distribute all excess cash to its shareholders.   The Sappi business is valued at €320 million which, based on an FY2025 EBITDA of €64 million represents a 5x multiple. Sappi will transfer pension and other liabilities of €53 million and net assets valued at €267 million to the Joint Venture. In return Sappi will receive cash of €139 million and 50% shareholding in the Joint Venture.   The UPM business is valued at €1,100 million, which represents a 4.6x multiple of the last reported 12 months to September 2025 EBITDA. UPM will transfer pension and other liabilities of €360 million and net assets of €740 million to the Joint Venture. In return UPM will receive cash of €613 million and 50% shareholding in the Joint Venture.  Sappi will contribute the following assets: Gratkorn Mill (Austria); Ehingen Mill (Germany), Maastricht Mill (The Netherlands), and Kirkniemi Mill (Finland); as well as Sappi Europe’s wood supply Joint Ventures. UPM will contribute their Communication Papers business assets which are located at the following UPM mills: Augsburg (Germany), Schongau (Germany), Nordland paper lines 1 and 4  (Germany),  Rauma including UPM RaumaCell (Finland), Kymi (Finland), Jämsänkoski paper line 6 (Finland), Caledonian (United Kingdom), and Blandin (United States of America).

Domtar, which owns the mill, cited the lack of available fibre and poor pricing in global pulp markets for the shutdown. The Crofton pulp and paper mill, a fixture in the region since 1956, is closing permanently. Domtar, which owns the mill, cited the lack of available fibre and poor pricing in global pulp markets for the shutdown, which will put 350 employees out of work. The company said the mill will cease operations on Dec. 15, but will continue to employ workers at the site until February. It said it is exploring possibilities for the property, including putting the site up for sale. The closure follows the curtailment of the mill’s paper machines in late 2024, which sidelined more than 100 workers. Steve Henry, Domtar paper and packaging president, said Tuesday the Crofton mill has faced challenges for some time. “Over the last 18 months, Crofton employees worked hard to reduce operational costs, and they made some extraordinary gains,” Henry said in a statement. “Unfortunately, continued poor pricing for pulp and lack of access to affordable fibre in B.C. necessitate the closure.”

From November 10 to 21, 2025, nations and organisations gathered in UN’s annual climate conference COP30 to discuss global climate action, including nature and communities. This year, the conference took place in Belém, Brazil, and Stora Enso was proud to be part of the Finland Pavilion. We partnered with Veracel, our Brazilian joint-operation with Suzano, that produces eucalyptus pulp for the needs of a circular bioeconomy. Now as a week has gone past since COP30, it’s time to take look at some of our key takeaways. Session 1: Resilient communities – Mitigating climate change impacts on livelihoods Session 2: Forest restoration – From incremental gains to systematic impact Session 3: Towards net positive impact on nature – Using science-based metrics to measure biodiversity gains

Monadnock Paper Mills has appointed Andrew Manns as Chief Executive Officer, following the planned leadership transition initiated by the late Richard G. Verney. Manns brings 30 years of experience with Monadnock, joining the company in 1995 as Vice President of Finance and serving as Chief Financial Officer and Treasurer before being personally requested by Verney to lead the company as CEO.

Suzano’s new pulp mill in Ribas do Rio Pardo, Brazil, which operates entirely with ANDRITZ technology, has reached its nominal production capacity of 2.55 million metric tons of bleached pulp per year in record time. After just three months of stabilization following start-up, the mill entered a production ramp-up and reached nominal capacity within one year – a new benchmark in the industry. This milestone establishes the mill as one of the largest and most efficient pulp production facilities in the world.

China’s paper industry is undergoing a profound transformation characterized by a dramatic surge in production capacity, which is set to reshape the global pulp and paper market landscape in 2025 and beyond. In coastal hubs like Shandong and Guangxi, new large-scale paper production facilities are coming online led by top manufacturers such as Sun Paper and Huatai Group, both of which are pursuing ambitious integrated production strategies. Sun Paper’s state-of-the-art Beihai base and Huatai’s major new project in Shandong are just two examples due to commission by late 2025, which will further consolidate China’s dominance in global paper output. Zhiyan Consulting reports that from January to August 2025, China’s machine-made paper and paperboard output achieved 106.659 million tons—a year-on-year increase of 2.7%—demonstrating the rapid growth trajectory and scale of operations now standard in the industry.

Kruger Products has unveiled plans to build a new state-of-the-art tissue facility in the western United States, a major investment designed to support the company’s fast-growing U.S. consumer tissue business. The announcement accompanied the company’s third-quarter financial release. The project includes a modern through-air-dry (TAD) machine and associated converting lines, with an estimated annual capacity of 75,000 metric tonnes. Production is expected to begin in 2028. Kruger Products has invested more than $1 billion in Canadian manufacturing since 2018, and the new U.S. site marks the next phase of its North American expansion strategy. The facility will enhance service to U.S. retailers and strengthen the company’s position in the premium and ultra-premium tissue categories.

Following the strategic review, the Board of Directors of Stora Enso has decided to initiate preparations for the separation of the Swedish forest assets business of Stora Enso into a new publicly-listed company through a statutory partial cross-border demerger, expected to be completed during the first half of 2027. All shares in the new company would be wholly owned by Stora Enso's shareholders. The separation of the Swedish forest assets was assessed to be the best alternative to enhance focus on respective businesses’ core strengths and market opportunities, maximising operational and shareholder value, as well as to reduce group complexity. It intends to create Europe's largest listed pure play forest company, comprising over 1.2 million hectares of forest land in Sweden with a fair value of approximately EUR 5.7 billion as of 30 September 2025.

Sylvamo outlined its global strategy and operational priorities in its third-quarter 2025 financial report, emphasizing initiatives to strengthen efficiency, reduce costs, and secure long-term competitiveness across its worldwide operations. Following International Paper’s decision to convert its Riverdale, Alabama, mill to containerboard, Sylvamo confirmed that its supply agreement will remain in effect until May 2026. The mill is expected to deliver approximately 260,000 short tons of uncoated freesheet in 2025 and 100,000 short tons in 2026. After the agreement ends, Sylvamo plans to leverage production from its European mills and additional Eastover capacity to maintain supply to U.S. and Mexican customers. Sylvamo remains singularly focused on uncoated freesheet paper, the largest and most resilient segment of the graphic paper market. By reinforcing its core business and investing in operational excellence, the company aims to deliver consistent earnings, reliable cash flow, and enduring shareholder value.

West Fraser announced that it will permanently close both its Augusta, Georgia and 100 Mile House, British Columbia lumber mills by the end of 2025 following an orderly wind-down. The decision is the result of timber supply challenges and soft lumber markets. The 100 Mile House lumber mill is no longer able to reliably access an adequate volume of economically viable timber. Challenging softwood lumber demand, higher duties and additional tariffs have compounded this situation. The mill closure will impact approximately 165 employees at the site and reduce West Fraser's capacity by 160 million board feet. The closure of the Augusta lumber mill is a result of challenging lumber demand, and the loss of economically viable residual outlets, which combined has compromised the mill's long-term viability. The closure will impact approximately 130 employees at the site and reduce West Fraser's capacity by 140 million board feet.

Billerud announced that the North American operations will meet EUDR compliance effective December 1, 2025. Aaron Haas, Sr Vice President of Marketing stated "We expect to be able to provide compliant due diligence statements and GeoJSON files for newly manufactured product starting December 1st. For customers that have requested EUDR information, EUDR data files will be generated the first week of December for shipments invoiced starting on December 1st. EUDR information will be communicated via emails generated after the time of shipment."

Sappi Europe, a leading producer of high-quality graphic papers, announced a general price increase of 5-7% across its Coated Mechanical portfolio, effective from 1 January 2026 This adjustment is driven by a continued escalation in key input costs and the need to ensure the long-term financial sustainability of our operations. Despite significant internal efficiency programs and cost-saving initiatives, the industry continues to face a structurally elevated cost environment. Costs related to energy, transport, labour, chemicals, and fibre remain at levels that materially impact production economics.  "The cost situation has not reverted to pre-crisis levels, and the paper value chain continues to operate under inflationary pressure. At the same time, profitability in coated mechanical reels remains unsatisfactory and below the level required to justify ongoing investment and secure future supply. This price adjustment is therefore necessary to continue serving our customers reliably and sustainably." said Antti Makkonen, Sales Director Graphic Papers

Voith and Wuzhou Special Paper have successfully commissioned the new PM 21 specialty paper machine in Hanchuan, Hubei Province. It is the world's widest machine for the production of release paper. The machine, supplied entirely by Voith, demonstrates the technology group's leading role in the field of high-quality specialty papers. With a working width of 8.100 meters at the reel, the PM 21 produces around 300,000 tons of specialty paper per year with basis weights ranging from 35 to 120 g/m² – primarily lightweight glassine base paper. Release paper is often used in everyday life to protect sticky surfaces, e.g., in separation applications. The base paper must meet specific requirements in terms of tear resistance, tensile strength, transparency, dense sheet structure, and low surface absorbency. It is characterized by a non-stick surface, which is achieved by coating it with silicone.

Asia-Pacific's tissue and household paper sector is undergoing a period of unprecedented consolidation and transformation in 2025, propelled by a series of landmark mergers and acquisitions that are fundamentally reshaping regional competitive dynamics, supply chain control, and sustainability strategies. The region, long characterized by rapid market growth and aggressive capacity expansions, now faces a new reality where scale, integration, and environmental stewardship are critical to achieving long-term profitability and operational resilience. The two most prominent moves this year are the USD 3.4 billion joint venture between Brazil's Suzano and Kimberly Clark, and the complete integration of Vinda International Holdings (now part of Indonesia’s Royal Golden Eagle, RGE group) following Indonesian tycoon Sukanto Tanoto’s USD 3.3 billion acquisition in late 2023. These transactions position their respective entities as dominant pan-Asian players: the Suzano-Kimberly Clark alliance forms a global tissue leader with 22 manufacturing sites across 14 countries, covering key Southeast Asia markets and holding about 1 million tonnes of annual capacity, while Vinda’s absorption into RGE achieves vertical integration spanning plantation supply, pulp production, and finished household tissue and hygiene products.

The European paper market is witnessing a period of dynamic growth and transformation in 2025 as regional manufacturers, technology providers, and supply chain stakeholders adapt to rapidly changing consumer demands, regulatory mandates, and global supply chain pressures. According to the latest industry analysis, the Europe paper market size stood at 71.14 million tonnes in 2025 and is projected to reach 87.84 million tonnes by 2030, reflecting a compound annual growth rate (CAGR) of 4.31%. This trajectory highlights robust demand across packaging, hygiene, printing, and specialty sectors, with sustainability and resource efficiency emerging as dominant drivers shaping investment, manufacturing processes, and product innovation. A major catalyst for the sector's expansion is the European Union's decisive regulatory push toward circular economy goals. The EU mandates that all packaging placed on the market must be recyclable or reusable by 2030, creating a surge of demand for fiber-based packaging materials. Packaging manufacturers and converters are accelerating the adoption of advanced de-inking, closed-loop recovery, and process automation systems to maximize yields from recycled fiber sources and track regulatory compliance.

Kimberly-Clark Corporation (NASDAQ: KMB), a global personal care leader, and Kenvue Inc. (NYSE: KVUE), a global consumer health leader, today announced an agreement under which Kimberly-Clark will acquire all of the outstanding shares of Kenvue common stock in a cash and stock transaction that values Kenvue at an enterprise value of approximately $48.7 billion, based on the closing price of Kimberly-Clark common stock on October 31, 2025. The total consideration represents an acquisition multiple of approximately 14.3x Kenvue's LTM adjusted EBITDA1 or 8.8x including expected run-rate synergies of $2.1 billion, net of reinvestment. This transaction brings together two iconic American companies to create a combined portfolio of complementary products, including 10 billion-dollar brands, that touch nearly half the global population through every stage of life. The combined company, with teams of talented people around the globe, will harness a superior commercial engine – fueled by strategic customer partnerships, category-defining growth, industry-leading science and innovation, a differentiated digital model, best-in-class marketing and a culture of operating excellence – to unlock the full potential of the combination and better meet the evolving needs of consumers.

Kruger has once again halted newsprint production at its Corner Brook Pulp and Paper mill in Newfoundland and Labrador, eastern Canada, this time due to historically low water levels at the Grand Lake reservoir that have forced a temporary shutdown effective Monday, November 3. The company declared force majeure, citing extremely low precipitation in Newfoundland and Labrador that has left Deer Lake Power unable to supply enough energy to keep the mill running. The shutdown will remain in effect until water levels recover, with workers reassigned to other duties in the meantime. Kruger said it will manage customer needs by "leveraging inventories to minimize disruption"

Although box shipments ticked up in September and early October, full-year volumes are now expected to be down, executives said on Thursday’s earnings call. “The North American team is facing headwinds that we didn’t expect, but we’re being aggressive with the realities of that. We’re getting after it,” said International Paper CEO Andy Silvernail during the company’s third-quarter earnings call Thursday. “In Europe, it’s been a tough market, no doubt about it.” Specifically, “the soft market has cost more than $500 million in profit this year alone,” he said. September box shipments were up 1% year over year, and that trend continued into October, said CFO Lance Loeffler.

Domtar marked the first anniversary of its unification under the single brand “Domtar – The Fiber for the Future,” reflecting a year of strategic growth, environmental stewardship, and strengthened partnerships across North America. In its statement, the company emphasized the progress made since integrating the former Paper Excellence, Domtar Corporation and Resolute Forest Products businesses under one brand. John Williams, Non-Executive Chairman of Domtar’s Management Board, commended the teams’ efforts over the past year, calling it “an important moment to recognize the milestones that define our first year as one company.” Domtar received multiple honors during the year, including the AF&PA Leadership in Sustainability Award for Water Management, recognition by Corporate Knights among the 25 most sustainable private companies, and awards from the National Recycling Coalition and Crayola for corporate leadership and renewable energy initiatives. The company also aligned its corporate policies on environment, sustainability and Indigenous relations, reinforcing its shared values and guiding principles across all divisions.

As reported by Fastmarkets, International Paper (IP) and Sylvamo reached a new agreement that will see IP continue supplying uncoated freesheet (UFS) paper to Sylvamo from its Riverdale, Alabama, mill until April 30, 2026. Under the revised terms, IP will maintain supply to Sylvamo through the end of April 2026, with a wind-down period in May. The supply agreement is set to terminate on May 30, 2026, unless it is further extended.

Sappi Europe announced in July the commencement of a consultation process for the potential closure of Paper Machine 1, Paper Machine 4, Offline Coater 2 and Sheet Finishing at its Alfeld Mill in Germany. The consultation process, aimed at improving the mill’s profitability and cost competitiveness, has been completed, resulting in the final closure of the assets. The closures will lead to a reduction of approximately 180 positions, to be realised through a combination of unfilled vacancies, voluntary agreements, and, where necessary, redundancies. Sappi is committed to managing this process in a responsible and considerate manner.

The formal takeover of the new containerboard machine PM1 at Norske Skog, Golbey in France was completed during the 3rd quarter, marking a major step in the group’s long-term transformation from publication paper to packaging paper production. Norske Skog expects full utilization during the first half of 2027.

Billerud recorded another strong quarter in North America, where favourable market dynamics and increasing customer interest following the US import tariffs supported growth. In contrast, the European operations continued to face difficult conditions due to muted packaging demand, cost inflation and structural overcapacity in board grades. In North America, local production remains a key competitive strength, ensuring high-quality products with short and predictable lead times. Currency-neutral net sales increased by 4%, and the EBITDA margin reached 16%. Demand for graphic and label papers remained strong, and the company reported growing customer interest in its new packaging materials, Tribute® and Voyager™, which have seen accelerating deliveries from the Upper Michigan mills. In Europe, market conditions remained weak across all product segments except market pulp. The board sector continued to suffer from overcapacity and declining demand. Maintenance stops and higher fixed costs further weighed on performance, leading to an EBITDA margin of 10% for the quarter.

China’s General Administration of Customs (GACC) announced important new regulations tightening the importation of recycled paper pulp, an action reverberating through the Asian pulp and paper industry and the global recovered fibre trade. Under the directive, all importers must now officially declare whether imported recycled pulp has been produced using a dry or wet process. This targeted policy shift is China’s response to ongoing concerns over improper importation channels and attempts to disguise unprocessed waste paper as legally compliant pulp. For context, recycled wet pulp is manufactured via the disintegration, cleaning, and beating of waste paper, then formed into compressed, dewatered blocks. Dry-milled pulp, however, is processed by crushing waste paper into small fragments and compressing them into dense bales, a method that generally lacks rigorous purification, disinfection, and sterilization steps.

Smurfit Westrock was dismissed Monday from a price-fixing lawsuit against numerous major paper and packaging companies. The antitrust case continues against other defendants, a list that includes Smurfit Kappa and WestRock, the companies that combined last year to create Smurfit Westrock The defendants — which include Cascades, Georgia-Pacific, Graphic Packaging International, Greif, International Paper, Packaging Corporation of America and Pratt Industries — collectively filed a motion on Monday to dismiss the case on the grounds of plaintiff Artuso Pastry’s “failure to state a claim.” Separately, Packaging Corporation of America and Pratt Industries each filed their own motions to dismiss. Artuso’s responses to the motions to dismiss are due in December, and the defendants will have until January to submit reply briefs.

INTERFOR CORPORATION announced revised operating plans for the fourth quarter of 2025. Due to persistently weak market conditions and ongoing economic uncertainty, Interfor will further temporarily reduce lumber production across its operations in British Columbia, Ontario, the US Pacific Northwest and the US South. These curtailments are expected to reduce lumber production in the fourth quarter of 2025 by approximately 250 million board feet, or 26%, as compared to the second quarter of 2025, which reflected a more normal operating stance. The curtailment volumes are approximately evenly split between Interfor’s Canadian and U.S. operations.

Condat paper mill will file for protection with the Commercial Court in Bordeaux on October 22 to facilitate the search for potential buyers, while safeguarding jobs. Since 2019, the Group has invested heavily to modernise the site with a state-of-the-art glassine paper line and a new biomass boiler. Despite these major upgrades, successive market crises have significantly impacted Condat’s financial stability. Through this legal procedure, Condat aims to temporarily freeze its debts—which are held mostly by the Group —and work with the Court to identify solutions that ensure business continuity and preserve employment. Production at the Condat site will continue as normal during the procedure, maintaining the quality of service to its customers and safeguarding jobs.

The Kapuskasing paper mill is resuming operations, after securing funding from the federal and provincial governments. At the end of September, Kap Paper announced it would start the idling process because it no longer had the money to keep running without more government support. Most of the 350 mill workers were sent home, while about 2,500 forestry workers in the area also faced possible layoffs. On Friday, Minister of Jobs and Families, Patty Hajdu announced the federal government is giving Kap Paper a $10 million conditional repayable loan through FedNor’s Northern Ontario Development Program. It’s also giving an additional $2 million conditional repayable contribution through the Regional Economic Growth through Innovation Program. Additionally, the Ontario government said Friday it is providing the company a $16.8 million dollar loan to support its continued operation. That money is on top of a $10 million provincial loan Kap Paper received in January 2025.

Sappi has once again earned a place on the prestigious Forbes magazine and Statista World’s Best Employers list for 2025 (#289 globally and #5 in South Africa) as well as the World’s Top Companies for Women list for 2025 (#144 globally and #2 in South Africa). These recognitions reaffirm Sappi’s continued commitment to creating an inclusive, engaging and purpose-driven workplace - one where people feel valued, empowered and inspired to grow. The dual recognition highlights the company’s strong international standing, as well as its leadership within the local business landscape and across its sector.

To meet the growing demand in the North American market, Sofidel, tissue paper group headquartered in Lucca (Italy) and one of the world’s leading manufacturers of paper for hygienic and household use – known especially in Italy and Europe for its Regina brand – today announces a new investment to further expand its production capacity in the United States. The investment includes the installation of a Valmet TAD (Through-Air-Dried) paper machine with an annual production capacity of 75,000 metric tons, along with related converting lines – for an equivalent production capacity – for the manufacture of finished products. The location for the new investment, intended to be within one of Sofidel’s existing facilities, has not yet been finalized. Overall, the Sofidel Group now operates 14 production sites across 11 US states – Idaho, Nevada, Arizona, Oklahoma, Minnesota, Illinois, Mississippi, Florida, Ohio, South Carolina, and North Carolina – and has a corporate office in Horsham, Pennsylvania. In just over 10 years, the Group has become the fourth-largest tissue producer in the North American market and one of the leaders in the Private Label sector.