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There was more than a touch of nostalgia, but also a sense of inevitability, when Georgia Tech announced, without fanfare, that the Institute of Paper Science and Technology (IPST) would become The Renewable Byproducts Institute (RBI). The renamed institute will focus on “becoming the premier research Institute for the transformation of biomaterials into new products, including traditional and new forest products, renewable energy, chemicals, advanced materials and pharmaceuticals.” The complete press release was featured in an earlier edition of PaperMoney. RBI will continue the mission of IPST to provide graduate programs in Paper Science and Engineering. Currently, 50 funded graduate students are working towards Ph.D or MS degrees. Interestingly, 20 of the students are Chinese or of Chinese origin. The value of the education that has been provided by IPC/IPST is not lost to the burgeoning Chinese paper industry, now significantly the largest paper producer in the world. In many ways, this transition demonstrates more definitively than all the published production and demand statistics that the era of the USA’s pulp and paper leadership has peaked.

Caraustar Industries, Inc. is an integrated manufacturer of 100% recycled paperboard and converted paperboard products. The company is a socially responsible corporation, is committed to environmentally sound practices and is dedicated to providing customers with outstanding value through innovative products and services. Caraustar serves the four principal recycled boxboard product end-use segments: tubes and cores; folding cartons; gypsum facing paper and specialty paperboard products. Caraustar is headquartered in Austell, GA and is owned by H.I.G. Capital. For additional information on Caraustar, please visit the company’s website at www.caraustar.com.

Sappi Limited (JSE: SAP), is a global company focused on dissolving wood pulp, paper pulp and paper-based solutions to our direct and indirect customer base in over 100 countries around the world. Headquartered in Johannesburg, South Africa, with over 14,000 employees and manufacturing operations on three continents in seven countries, sales offices in 50 countries, and group sales of US$6 billion.

Helsinki, Finland 23 June 2014 -- Stora Enso has acquired 100% of the shares of the US-based company Virdia, a leading developer of extraction and separation technologies for conversion of cellulosic biomass into highly refined sugars and lignin. The upfront debt-free transaction value is approximately USD 33 million (EUR 24 million) with additional potential payouts totalling approximately USD 29 million (EUR 21 million) following completion of specific technical and commercial milestones by 2017. Virdia’s impact on Stora Enso’s 2014 sales and earnings is expected to be limited. The acquisition of Virdia supports the vision of Stora Enso’s Biomaterials Division in becoming a significant player in biochemicals and biomaterials. The technology enables more efficient extraction of different valuable fractions of the biomass, allowing the possibility to develop and commercialise cost-effective renewable solutions to address well-identified market-driven needs.

Metso Corporation’s stock exchange release on March 26, 2014 at 2:40 p.m. EET Metso Corporation’s Board of Directors elected members of the Audit Committee and Remuneration and HR Committee from among its members at its assembly meeting. The Board’s Audit Committee consists of Eeva Sipilä (Chairman), Lars Josefsson and Nina Kopola. The Board’s Remuneration and HR Committee consists of Mikael Lilius (Chairman), Christer Gardell and Ozey K. Horton Jr. Personnel representation Mr. Juha Lehtonen was invited to participate in the meetings of Metso’s Board of Directors as the personnel representative elected by Metso’s personnel groups in Finland. He will participate in the meetings of the Metso’s Board of Directors as an invited expert, and his term of office is the same as the Board members’ term. Metso is a leading process performance provider, with customers in the mining, construction, and oil & gas industries. Our focus is on the continuous development of intelligent solutions that improve sustainability and profitability. Metso’s shares are listed on the NASDAQ OMX Helsinki Ltd. Metso employs around 16,000 professionals in 50 countries.

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