Market Roundup
UPM Reports Record Earnings for Second Quarter 2022

Over the Wire

TAPPI

Thursday, July 28, 2022 - Member
Weekly Spotlight
The Georgia-Pacific corrugated plant in Bradford, Pennsylvania, will undergo a significant upgrade with an investment topping $34 million. The funding will provide new equipment to modernize the plant's operations.
 
ProJet received an order for 2 Power Cleaners (dryer fabric cleaners) from Keryas Paper mill for their Paper Machine # 1. The order is a spin-off of the successful installation of Power Cleaners that were already installed in the Middle East area.
 
Polish cardboard packaging maker Janmar Centrum has opened a new production facility in Stryków, in the country’s central part, as part of a project designed to boost the company’s manufacturing capacities. 
 
U.S. paper and pulp giant Georgia-Pacific has announced a US$500 million expansion is underway at the company’s Broadway mill in the state of Wisconsin. The investment is expected to significantly expand the firm’s retail consumer tissue and towel business, Georgia-Pacific said in a statement.
 
The European Commission released the Winter Preparedness Package. The measures outlined in the package respond to the intertwined needs of European citizens and industry, in the face of a deteriorating situation regarding energy supplies.
 
From The Experts
By Marco Nottoli, A.Celli Group
The amount of dust created during slitting is of particular concern in tissue, paper and nonwovens plants, and this is especially true for producers in the hygiene industry.
 
VanTek, Inc.
UPM's President and CEO, Jussi Pesonen, made the following comments on the company's Q2 2022 results.
 
Pulp & Paper
ABB Appointed by Arauco to Provide Remote Supervision Across Five Pulp Mills in Chile
ABB has been appointed by Arauco, a manufacturer of forest products, to provide remote supervision in five of its pulp mills in Chile to ensure greater reliability and monitoring across all processes.
 
ANDRITZ to Supply Combi-Pulping System to Sichuan Huaqiao Fenghuang Paper, China
International technology group ANDRITZ has received an order from Sichuan Huaqiao Fenghuang Paper Co. Ltd. to supply a patented combi-pulping system for its mill in Guanghan, Deyang City, Sichuan Province, China. Start-up is scheduled for the third quarter of 2023.
 
Heinzel Group Becomes Strategic Investor in Pulp Mill Project Paraguay
Heinzel Holding GmbH and Paracel S.A. jointly announce that Heinzel has entered into an investment agreement to become the strategic equity investor in Paracel, an afforestation and pulp mill project in Paraguay, South America.
 
UPG Unified Purchasing Group
Containerboard/Packaging
AF&PA Releases June 2022 Packaging Papers Monthly Report
The American Forest & Paper Association (AF&PA) released its June 2022 Packaging Papers & Specialty Packaging Monthly report.
 
Graphic Packaging Holding Company Reports Second Quarter 2022 Results
Graphic Packaging Holding Company reported Net Income for second quarter 2022 of $66 million, or $0.21 per share, based upon 309.9 million weighted average diluted shares. This compares to second quarter 2021 Net Income of $38 million, or $0.13 per share, based upon 295.8 million weighted average diluted shares.
 
Packaging Corporation Of America Reports Second Quarter 2022 Results
Packaging Corporation of America reported second quarter 2022 net income of $301 million, or $3.20 per share, and net income of $304 million, or $3.23 per share, excluding special items. Second quarter net sales were $2.2 billion in 2022 and $1.9 billion in 2021.
 
Optimize Your Starch Cooking Capabilities
Hydro-Thermal Corp®
Starch cooking is a vital component in successful paper production. Hydro-Thermal’s original Jetcooker™ ensures that producers have a reliable supply of consistently cooked starch for improving wet end sheet strength, size press surface properties, and overall coating quality.  Learn more about how Hydro-Thermal is the right pick in Starch Makedown, Starch Cooking, and Cooked Starch Handling.
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New Products
Voith and BTG Present Joint Automation and Digitalization Portfolio
For maximum savings in pulp and paper production with the help of automation and digitalization, Voith and its wholly owned subsidiary BTG are merging their product portfolios. The two established data platforms, Voith’s OnCumulus and BTG’s dataPARC, will be merged into an integrated, hybrid system solution.
 
Stora Enso and Northvolt Partner to Develop Wood-Based Batteries
Stora Enso and Northvolt are joining forces to create sustainable batteries using lignin-based hard carbon produced with renewable wood from the Nordic forests.
 
Maxcess
Sustainability
Mondi Expands Capacity in Sustainable Pet Food Packaging Solutions
Mondi, a global leader in packaging and paper, is investing nearly €65 million in three Consumer Flexibles packaging plants in Europe in order to meet growing customer demand for sustainable pet food packaging solutions.
 
Woody Biomass in Power Plants Could Reduce Carbon Footprint
WGAU reports that according to a new study by researchers in the University of Georgia’s Warnell School of Forestry and Natural Resources, replacing coal in Georgia’s power plants with woody biomass could not only meet Georgia’s power needs, but reduce carbon emissions.
 
Lubrication Engineers
Free Webinar: Effectively Measure Total Dissolved Solids
Vaisala Oy®
The pulping industry can use liquid concentration or density as a key parameter for controlling processes such as brown stock washing and black liquor management. This can be done using refractometer technology or density meters, but what are the operational and economic benefits of both techniques? Register today for Vaisala’s upcoming webinar on November 15th at 10am ET to learn how measuring refractive index can optimize energy efficiency and safety.
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Capital Recovery Group, LLC
People
Valmet Appoints Katri Hokkanen as Chief Financial Officer
Valmet announced that Ms. Katri Hokkanen (M.Sc. Econ) has been appointed CFO, effective August 1, 2022. She will report to President and CEO Pasi Laine.
 
TAPPI News
 
Visit https://www.tappi.org/members/benefits-of-membership/ to view the full article online.
 
There’s Still Time to Enjoy Summer with August TAPPI Events!
Please view the list of Upcoming August Webinars and Events.
 
Need a Powerful Platform to Meet New Customers?
Showcase your product and meet key decision-makers at PEERS/IBBC 2022.
 
Get Answers to Questions on Process Chemicals for Papermaking
Attend this live online Ask the Expert Event on TAPPI Connect on August 5. No Cost! Just log in to participate.
 
Specialty Papers US: Thinking Outside the Box: Packaging Design and Materials
Join your peers in Milwaukee, October 4-6, 2022 at Specialty Papers US with speakers from Mars, Nestle, Dell Technologies, Pixelle, Eastman, Domtar and more…
 
Registration is Now Open for European PLACE Conference
Learn about the latest flexible packaging and converting innovations alongside your industry colleagues in Bratislava, Slovakia this October.
 
Time is Running Out to Nominate Your Colleagues
Nominations for Association-level awards are due August 1. Who’s worthy of TAPPI’s highest honors?
 
TAPPI Industry Career Center: Fisher International Seeks a Strategy Consultant
Fisher International is looking for applications to fill the position of a Strategy Consultant. Are you interested? If so, apply today.
 
 
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