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Brazilian pulp and paper company Suzano has approached U.S.-based International Paper to express interest in an all-cash acquisition that would be worth almost $15 billion, according to people familiar with the matter.
Clearwater Paper Corporation announced the successful completion of its strategic acquisition of the Augusta, Georgia bleached paperboard manufacturing facility from Graphic Packaging International, LLC. Terms of the acquisition were first announced on February 20, 2024.
Nine survivors of a deadly 2017 paper mill explosion in DeRidder, Louisiana have won a record $141 million award for the Middle District of Louisiana in a lawsuit filed after the fatal blast at the Packaging Corporation of America mill.
Nine Dragons, Inc. (ND Paper) and Billerud Wisconsin LLC (Billerud) closed on an Asset Purchase Agreement, whereas ND Paper will own and operate Billerud's Wisconsin Water Quality Center (WQC) and associated landfill and F&E landfill assets.
Project aims to sell energy to N.B. Power, but no agreement yet.
A Federal Court of Appeals revives a portion of a lawsuit accusing former Appvion officials of inflating the company's value before it went bankrupt. The lawsuit was filed in 2018 by Appvion workers that were involved in the company's Employee Stock Option Plan.
Once fully operational, the two new plants will employ approximately 120 people in the community where Roseburg was founded nearly 90 years ago.
Kelly Trumbo, communications manager with International Paper, confirmed there was an incident on-site Wednesday evening where a team member was injured and transported to a local hospital.
Sappi Europe, a major producer of coated fine paper, recently announced the successful completion of the second phase of a three-part modernisation project at its Gratkorn Mill in Austria.
Canfor Corp. says it has signed a deal with an affiliate of Domtar Corp. to buy its El Dorado lumber manufacturing facility in Arkansas for US$73 million.
Rayonier Advanced Materials Inc. (RYAM) is announcing that, effective July 2, 2024, it will suspend operations at its Temiscaming High Purity Cellulose (HPC) plant for an indefinite period.
Transaction further advances Twin Rivers' focus on core specialty papers business.
CMPC has signed a deal with Brazil's southernmost state of Rio Grande do Sul to evaluate building a new pulp plant there, which would require $4 billion in investments, it said on Monday .
The temporary curtailments will impact all of Interfor's operating regions, including the US South, through a combination of reduced operating hours, prolonged holiday breaks, reconfigured shifting schedules and extended maintenance shut-downs.
The Tennessee Department of Environment and Conservation has fined Domtar $64,650 for violating its water discharge permit multiple times in the months following startup of its new Kingsport recycled packaging facility.
Firefighters were dispatched at 9:25 p.m. Monday to an area between the lagoon and the mill where 15 refrigerator-sized bales of cardboard were on fire, according to a Port Angeles Fire Department press release.
Muskogee's largest private employer, Georgia Pacific announces a $50-million expansion at its port of Muskogee mill. This is a big deal not just for Georgia-Pacific - but also for the port and city where the company continues to make big investments.
Mativ Holdings, Inc. announced it has appointed Dr. Kimberly E. Ritrievi as Chair of the Board of Directors, succeeding Dr. John D. Rogers, who will continue to serve as a director of Mativ and will assume the role of Audit Committee Chair.
The enhancement will increase the mill's folding boxboard output by approximately 10,000 tonnes annually, raising its total capacity to around 310,000 tonnes.
Suzano Ventures, the corporate venture capital arm of Suzano, the world's largest market pulp producer, is funding up to US$5 million for Canadian startup, Bioform Technologies.
In 2023, North America's net sawmill capacity decreased by 2%, triggered by diminishing lumber demand and past overproduction issues, according to a report by Russ Taylor Global. This trend has led to the permanent closure of nine sawmills and reductions in shifts, particularly in British Columbia (BC) and the US South, where economic pressures have also forced mills to shut down to balance timber supplies.
Kimberly-Clark raised 2024 sales and profit forecasts after it topped quarterly expectations, banking on higher pricing and steady demand for its premium personal care and household products, sending its shares about 8% higher in early trading.
The decision affects 93 employees.
Eldorado Brasil Celulose has launched a significant R$25 ($4.81) billion investment for a new production line in Três Lagoas, Mato Grosso do Sul.
Visy Board Pty Limited (Visy) was fined $375,000 after the NSW District Court handed down its findings earlier this month.
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