Leading Stories

After a three-year battle in court, lawyers for New-Indy Catawba LLC; parent company New-Indy Containerboard LLC and roughly 6,000 plaintiffs have reached settlement agreements of about $103 million.

Texas-based solar project propels WestRock's pursuit of its science-based targets to reduce greenhouse gas emissions.

International Paper Co.'s top boss traveled to London to reaffirm his company's commitment to merger partner DS Smith Plc, downplaying a takeover offer from Suzano SA that threatens to derail their pending $7.4 billion deal, according to people with knowledge of the matter.

The Company has activated its contingency plan including leveraging its 9 other plants in its network to ensure the ongoing supply of tissue products to its customers.

Crews were on the scene of a fire May 30 at Sonoco in Hartsville, according to Hartsville Fire Chief Jeff Burr.

On May 30, 2024, Twin Rivers Paper Company Inc. was fined $250,000 in New Brunswick Provincial Court after pleading guilty to one charge of contravening subsection 36(3) of the Fisheries Act by permitting the deposit of a deleterious substance, namely pulp and paper process water called groundwood white water, into the Madawaska River. The fine will be directed to the Government of Canada's Environmental Damages Fund.

Huhtamaki has decided to consolidate its three Flexible Packaging manufacturing sites in the United Arab Emirates, keeping one factory in Jebel Ali and expanding the one in Ras Al Khaimah. The transition will gradually take place during the second half of 2024.

After 14 years as president and chief executive officer (CEO) of Tolko, and over 40 years with the company founded by his grandfather Harold, Brad Thorlakson has transitioned to the role of executive chair of the board. Further to Brad's transition, Pino Pucci has assumed the role of president and CEO.

Irving Pulp & Paper, Limited has submitted a preliminary application to undertake a major upgrade to Saint John's westside pulp mill, representing a new long-term capital improvement plan and a potential $1.1-billion investment.

UPM Communication Papers plans to permanently close its Hürth newsprint mill and to shut down one fine paper machine at Nordland Papier (PM 3) in Dörpen, both assets located in Germany.

Progroup takes over site of Sappi Stockstadt GMBH in Germany. The current plan is for a state-of-the-art plant for sustainable production of containerboard to be operating by the end of the decade, creating roughly 200 jobs.

Gov. Brian Kemp announced a company that makes baby diapers and other items will be investing $418 million to expand its footprint in Bibb County and create 600 new jobs.

The company received the $12 million in exchange for job creation in late 2014. To receive the funds, the company was required to employ a minimum of 800 full-time employees for the duration of the 10-year contract.

Suzano SA, the world's largest producer of pulp, is in talks with banks including Mizuho Financial Group, Nomura Holdings Inc. and Mitsubishi UFJ Financial Group on the financing of a potential bid for US packaging giant International Paper Co., according to people familiar with the matter.

Paper Excellence Canada announced that it has reached a settlement with the Province of Nova Scotia, Canada, that acknowledges plans to transform and reopen Northern Pulp Nova Scotia in Pictou will not proceed and provides for a review process agreed between the Northern Pulp group and the Province of Nova Scotia that is aimed to determine whether a new, modern mill in Nova Scotia is viable. The agreement also provides for the settlement of outstanding litigation and loans between the two parties and fully addresses the pensions of former mill employees.

The U.S. Environmental Protection Agency announced PotlatchDeltic Land & Lumber, LLC, of St. Maries, Idaho, will pay $225,000 for alleged violations of the Clean Water Act.

The plan is for DuPont to turn its electronics and water businesses into their own companies in a transaction that is tax-free to shareholders. The new companies are unnamed as of now.

International Paper ("IP") announced that Jamie A. Beggs and Scott A. Tozier have been elected to IP's Board of Directors, effective May 21, 2024. The company also announced that Ilene S. Gordon has retired from the Board citing personal and health reasons, effective May 21, 2024.

Mondi is investing €200 million into a high-quality recycled containerboard machine with an annual capacity of around 420,000 tonnes at its Duino mill near Trieste, acquired in January 2023.

Sonae Arauco announces an investment in two new recycling centres in Portugal, totalling more than Euro 5 million. Strategically located in the Minho region and north of Lisbon, these two centres will complement the activity of the three already operating in the country.

Brazilian pulpmaker Suzano confirmed on Wednesday it is interested in assets owned by International Paper, but said that it has not reached any final decision about a deal.

Graphic Packaging expects to close its Randleman operations around July 9, according to paperwork filed with the N.C. Department of Commerce.

All of the employees were able to escape unharmed. The fire is believed to be electrical in nature.

Brazilian pulp and paper company Suzano has been in talks with its advisers about sweetening its $15 billion acquisition offer for International Paper, people familiar with the matter said on Monday.

Billerud's Board of Directors has decided to not proceed with plans to convert its Escanaba mill to cartonboard production. Instead, the company will target to shift its product mix gradually towards packaging materials in North America with a moderate investment level.