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RBC highlights paper products news for week of May 12: US recovered paper prices tick up in May; major producers announce containerboard price hikes for June; Suzano reportedly approaches IP to express interest in all-cash deal for US$42/share

New Delhi-based Securipax Packaging invests in new BHS Ecoline, a fully automatic corrugated board production line with capacity of 3,000 tonnes per month at Roorkee, Uttarakhand site; JK Papers owns 85% stake in the company

Progroup takes over site of Sappi Stockstadt, will begin selective dismantling of Sappi plant shortly, with work set to be complete by end of 2026; current plan is for sustainable containerboard mill to be operating by end of the decade, creating 200 jobs

Turkish paper manufacturer KMK Paper resumes production on PM1 following extensive rebuild supplied by Toscotec at its Kahramanmaraş facility in Turkey; PM1 produces packaging paper grades, including fluting, testliner, kraft paper, gypsum board

RBC maintains Cascades at sector perform with C$11 target, expects containerboard results can trend higher as prior price increases flow through and Bear Island continues to ramp up, but remaining cautious on company's exposure to rising OCC costs

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