Billerud today announced that its President and CEO, Christoph Michalski, is leaving the company, with immediate effect. Michalski has held the position of CEO since November 2020. Billerud’s Board of Directors has appointed the current CFO and deputy CEO, Ivar Vatne, as acting CEO. Vatne joined the company as CFO in May 2019 and has […]
Monthly Archives: July 2023
30
Jul
Jul
Canfor Pulp Products Inc. (CPPI) today reported its second quarter of 2023 results. Overview Q2 2023 reported operating loss of $38 million; net loss of $28 million, or $0.44 per share Significant deterioration in global pulp market fundamentals throughout the quarter driven by record high pulp producer inventory levels and weak global pulp demand Completed […]
30
Jul
Jul
The Paper Excellence Group (Paper Excellence) today announced its updated organizational structure for its business units following the recent acquisitions of Resolute Forest Products in March 2023 and Domtar in November 2021. Steve Henry, currently Domtar’s Executive Vice President and Chief Operating Officer, has been named President of the Paper & Packaging business unit with […]
28
Jul
Jul
Packaging Corporation of America (PCA) reported Q2 2023 net income of $203 million, or $2.24 per share, and net income of $209 million, or $2.31 per share, excluding special items. Q2 net sales were $2.0 billion in 2023 and $2.2 billion in 2022. Excluding special items, the ($.92) per share decrease in Q2 2023 earnings compared to the Q2 2022 was driven primarily by lower volumes […]
28
Jul
Jul
Advance results indicate that total manufacturing sales in Canada decreased 2.1% in June 2023. The largest declines were in the petroleum and coal product, chemical, and food product industries, as Statistics Canada reports. canadian lumber production and export also suffered from same effects as we have mentioned in the previous report. This estimate was calculated based on a […]
28
Jul
Jul
Lumber production in Canada decreased 14.9% from March to 4 074.0 thousand m3 in April. Production was down 6.1% from April 2022, reports Statistics Canada. Sawmills shipped 3 935.0 thousand m3 of lumber in April, down 8.2% from March and down 7.9% from April 2022. According to Analytics, in April 2023, Canada decreased exports of lumber to the United States by 4.4% year-on-year. Supplies to China increased by 54.9%, […]
27
Jul
Jul
Deublin Company, a leading provider of steam joints and siphons for the paper industry is pleased to announce that Gardner Systems is now a key part of Deublin. This broadens Deublin’s capabilities in the design, supply, and installation of steam and condensate systems for paper machine dryer sections. “We are excited to welcome Gardner Systems […]
27
Jul
Jul
UPM Communication Papers today announced plans to permanently close its Plattling mill in Bavaria, Germany, reducing the uncoated and coated publication paper capacity by 595,000 tonnes in Europe. UPM said, “These plans are a continuation of necessary steps to proactively ensure competitiveness of our operations and align graphic paper capacity to profitable customer demand. “Should […]
27
Jul
Jul
DS Smith announced a significant investment plan to be implemented in the next two years across its three packaging sites in Greece. The EUR 33.9 million investment is focused on equipment upgrades including purchasing state-of-the art machinery for innovative packaging to boost productivity as part of the company’s growth strategy in the East European market. […]
26
Jul
Jul
Huhtamaki is making a significant investment in its Paris, Texas facility in the U.S. The investment consists of an expansion of its manufacturing capacity as well as a consolidation of an external warehouse. The investment into production assets is approximately $30 million, and the warehouse and manufacturing facility will be leased. This will significantly increase […]