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          Many have been shut down or in a reduced operating mode for 45 days now. You have forgotten what "normal" was like. If you were a procrastinator before, you are relishing these times. The old saying is still true--"If you are not advancing, you are retreating." In other words, if you are not advancing, you are sinking.

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          The PM40 closed Friday, 1 May 2020, at 2465.

          Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

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          The PM40 closed 1 May 2020 down 32.4% from the 3 May 2019 level.

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          In this issue of Disconnected Comparisons, we evaluate Universal Forest Products and Kimberly-Clark.

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          Reported insider trading since the last issue of PaperMoney.

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          Coronavirus Follow-up Survey Results | COVID-19,

          On April 6, 2020, Paperitalo Publications did a follow-up survey regarding the coronavirus and how it's affecting the pulp and paper industry. Here are the responses that we received.

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          Just in....

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          Earnings & Dividends

          Market News of Note

          Nearly 700,000 tons of tissue produced by U.S. mills in March, more than any other month since 2007.

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          Supplier News

          As the leading innovator in the food packaging and processing industry, Tetra Pak ensures expansion of food availability across the world by offering products of outstanding quality and value to consumers.

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          To mark Earth Day's 50th anniversary, Earth Day Canada and Earth Day Initiative, in collaboration with Corporate Knights, have released the 50 Top Business Moves for the Planet.

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          Amusing & Interesting

          Major Announcements

          Domtar plans to temporarily idle the operations of its Hawesville, Kentucky, mill beginning May 5th 2020.

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          Reference Library

          S & F Arguments

          Read the monthly newsletters here or subscribe and have them emailed to you hot off the press!

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          Reported Risk

          Risks: Fires, Fatalities and Catastrophes in 2020 | fire, accidents, fatality, disaster, explosion, pulp, paper, industry,

          Incidents in 2020: We are updating this list as these happen in the pulp, paper and forest products industry

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          We are updating this list as these happen in the pulp, paper and forest products industry

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          We are updating this list as these happen in the pulp, paper and forest products industry

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          Corporate SEC Filings

          Pulp and Paper Manufacturers report to the US Securities and Exchange Commission

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          Corporate Finance

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          Other Corporate News

          What they want us to know...

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          Labor & Union Actions

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          Mergers & Acquisitions

          Six Democratic senators have urged the U.S. Justice Department to take a hard look at what they called a "problematic" merger of the No. 2 and No. 3 largest textbook companies, Cengage and McGraw-Hill.

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          The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NYSE: QUAD shares.

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          Major Expenditures

          Sonoco announced that its Board of Directors has approved an $83 million investment to strengthen its uncoated recycled paperboard (URB) mill system in the United States and Canada. The majority of the investment includes transforming its Hartsville, S.C., corrugated medium machine (No. 10 machine) into a state-of-the-art URB machine with annual production capacity of approximately 180,000 tons.

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          Operations News

          Domtar is temporarily laying off 60 employees at their mill in Rothschild for the next twelve weeks. The mill has around 400 employees, meaning just under one in seven people are affected.

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          Arauco will close its medium density fiberboard (MDF) production facility in Bennettsville, South Carolina May 18.

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          Final Word

          The Final Word by Helen Roush

          The FUDIPO project

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          Wise Advertising

          Something to consider...
          Something to consider...

          Having trouble reaching decision makers?

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          The Fine Print

          At your service

          Permission granted for reprinting, as long as entire articles are reprinted without modification or truncation.

          "PaperMoney" is a registered trademark (USPTO Reg. No. 2947381) of Talo Analytic International, Inc.

          Be safe, and we will talk next week,

          Jim Thompson

          Paperitalo Publications
          The Home of your Prospects (TM)

          Paperitalo Publications LLC

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