PAPER & PAPER PRODUCTS

Nov 11, 2026

Sylvamo, a Memphis-based company, is increasing its investment in its South Carolina mill by an additional $25 million for a new sheeter. This expansion is part of a larger three-year investment plan aimed at enhancing its facilities in the state. The move follows previous investments, highlighting the company's commitment to its South Carolina operations.

Nov 10, 2026

Mercer International has filed for Chapter 11 bankruptcy to implement a prepackaged restructuring plan, aiming to cut its senior note debt by approximately 88%. The plan involves bondholders swapping about $1.275 billion in notes for a majority stake in the reorganized company, significantly reducing Mercer's total funded debt from $1.6 billion to about $700 million. The company expects to eliminate over $100 million in annual cash interest and raise around $400 million in new capital, with trade creditors to be paid in full.

Nov 9, 2026

Sylvamo CEO John Sims explained the company's decision to sell its European business, stating it will allow them to concentrate on maximizing profits in North America and Latin America. This move aims to streamline operations and enhance profitability in its core markets. The announcement comes as part of a strategic shift for the Memphis-based company.

Nov 7, 2026

Sylvamo, a Memphis-based company, is planning to sell its France and Sweden mills to a private equity firm. The deal is expected to be finalized by the end of the first quarter of 2027. This move will impact Sylvamo's European business operations.