Financial Reports & Markets
Top 10 Pulp & Paper Canada stories of 2019
By Kristina Urquhart
We’re looking back on the year that was in pulp and paper news in Canada with the top 10 stories from the Pulp & Paper Canada website in 2019.
We’ll see you back in January to embark on a new decade of pulp and paper – one that promises to be innovative as the industry continues to develop the bioeconomy.
1. Kruger’s big deal
P&PC talked to the CEO of Kruger Products about the company’s $575-million investment to construct a new tissue facility in Quebec.
2. Northern Pulp to close after N.S. premier says ‘no extension’
Capping off a year of debate, Nova Scotia’s environment minister said he would not approve Northern Pulp’s pipeline proposal without further scientific information. Then the province refused to extend the deadline of the Boat Harbour Act, meaning Northern Pulp will close Jan. 31, 2020.
3. Columbia Pulp starts up
Columbia Pulp’s new $250-million straw pulp mill in Washington started up in September and is producing tree-free pulp. » Read More
4. Paper Excellence completes acquisition of Catalyst Paper
The deal was announced in October 2018 and includes Catalyst’s three facilities located in Crofton, Port Alberni and Powell River, its Surrey distribution centre and headquarters in Richmond, B.C.
5. DMI’s former Peace River mill changes its name to Mercer Peace River Pulp
Daishowa-Marubeni International (DMI)’s Peace River Pulp Division, which was part of an acquisition by Mercer International, has formally changed its name to Mercer Peace River Pulp Ltd.
6. Winners of 2018 Safest Mill in Canada contest
The mill with the lowest total recordable incident rate (mill frequency) in each category is the winner of that class for the year. Revisit the 2018 list here.
7. Resolute sells Fort Frances pulp mill to developer
In a statement, the Town of Fort Frances confirmed the sale to a subsidiary of Riversedge Developments, held in partnership with a local entity.
8. Report: Global forest industry hit hard in Q2, pulp demand down
The global forest industry has had a difficult second quarter with softening prices and excess supply, according to Wood Resource Quarterly’s highlights from its “Global Forest Industry in the 2Q/2019” report.
9. Valmet to acquire pulp and paper tech supplier GLV
The value of the deal, which closed April 1, was approximately EUR 113 million.
10. Canadian Kraft Paper turns the page
In three years, the mill has become the comeback kid of the industry, rebounding from the brink of closure with improvements in equipment and processes, and new measures in safety and sustainability.