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Showing 17 articles from December 20, 2018.

Supplier Showcase

[Adv.] Airmaster Aerator
[Adv.] Airmaster Aerator
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People in the News

Huhtamaki appoints Michael Orye as Executive Vice President, Fiber Packaging

Michael Orye has been appointed Executive Vice President, Fiber Packaging and member of the Global Executive Team at Huhtamaki latest as of June 12, 2019.

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Jim's Articles

Week of 24 December 2018: Where it started
Week of 24 December 2018: Where it started

Until about 1712, humankind depended largely on human and animal exertion for work. There was the occasional water-power dam and, in parts of the world, windmills, but these were specifically location- dependent. Thomas Newcomen freed work from location and muscle, with the invention of his atmospheric steam engine around 1712. There had been precursors to this invention, but Newcomen is credited with the first practical design. This was only 300 years ago, a mere dash in time when compared to all of human history...

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Spotlight

Port Hawkesbury Paper says order book full six years after reopening
Port Hawkesbury Paper says order book full six years after reopening

Port Hawkesbury Paper's order books for 2019 are essentially full, a senior company official says. It's good news for the largest industrial employer in the Strait of Canso region, which is now six years removed from a year-long shutdown and sales process following the bankruptcy of its former American parent company.

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Industry News

Borregaard signs new electric power supply contract with Eidsiva Vannkraft
Borregaard signs new electric power supply contract with Eidsiva Vannkraft

Borregaard and Eidsiva Vannkraft have entered into a new long-term supply contract for electric power for a total of 2.8 TWh to be supplied to the Sarpsborg site, Norway, in the period 2020 to 2029.

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IT Tech Packaging, Inc. launches new tissue paper production line
IT Tech Packaging, Inc. launches new tissue paper production line

IT Tech Packaging, Inc. announced the commercial launch of tissue paper production, following the completion of construction and equipment installation, the receipt of proper approvals, including wastewater discharge permit, from local authorities, and the success of trial production of its first tissue paper production line (the "PM8 ").

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Metsä Tissue considers options for its napkin business in Germany
Metsä Tissue considers options for its napkin business in Germany

Metsä Tissue, part of Metsä Group, sets the Stotzheim mill in Germany under a strategic review due to the low performance in the napkin business.

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ND Paper to receive $12M in tax credits for mill
ND Paper to receive $12M in tax credits for mill

A Chinese paper firm that bought a Maine mill is slated to receive $12 million in tax credits.

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Valmet to supply pulp drying and baling, recovery and biomass boiler for Arauco's pulp line in Chile
Valmet to supply pulp drying and baling, recovery and biomass boiler for Arauco's pulp line in Chile

Valmet and Arauco have finalized the contract to deliver pulp drying and baling, recovery boiler and biomass boiler for Arauco's MAPA project.

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Western Forest Products to sell ownership interest in Port Alberni forest operation to Huu-ay-aht First Nations
Western Forest Products to sell ownership interest in Port Alberni forest operation to Huu-ay-aht First Nations

Huu-ay-aht First Nations and Western Forest Products Inc. ("Western") have reached an agreement whereby Huu-ay-aht will acquire a 7% interest from Western in a newly formed Limited Partnership for $7.2 million, subject to closing adjustments.

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Leading Stories

Employees in Van Den Heuvel's fraudulent enterprise set for sentencing in federal court
Employees in Van Den Heuvel's fraudulent enterprise set for sentencing in federal court

Van Den Heuvel is awaiting sentencing in federal court for fraudulently soliciting loans and investments to pursue his business, Green Box, which he represented as a plan to buy equipment for converting solid waste into consumer products and energy.

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Greif buying Caraustar for $1.8 billion
Greif buying Caraustar for $1.8 billion

Greif Inc. is acquiring a recycled paperboard and packaging based outside Atlanta in a $1.8 billion deal announced Thursday.

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International Paper to re-invest up to $150 million in Coosa mill
International Paper to re-invest up to $150 million in Coosa mill

International Paper is once again planning a major re-investment in its Coosa linerboard mill, to the tune of up to $150 million.

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Stora Enso divests Swedish packaging manufacturer June Emballage
Stora Enso divests Swedish packaging manufacturer June Emballage

Stora Enso has divested 100% of the shares of its Swedish subsidiary June Emballage AB to its current management team. June Emballage is a manufacturer specialized in small-batch custom-made transport packaging in corrugated board.

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Stora Enso introduces a new grade of Performa Brilliance board
Stora Enso introduces a new grade of Performa Brilliance board

Stora Enso is introducing a new and advanced 395 g/m2 grade of Performa Brilliance, enhanced with micro-fibrillated cellulose (MFC), an advanced, renewable, recyclable and biodegradable fibre-based material that can be used in creating lighter, stronger and more sustainable material.

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UPM and United Bankers' forest funds have signed a contract on forest estate transaction and long-term partnership
UPM and United Bankers' forest funds have signed a contract on forest estate transaction and long-term partnership

UPM and United Bankers have signed a contract on forest estate transaction and long-term partnership. UPM sells over 21,000 hectares of land, located mainly in Kainuu region, to United Bankers forest funds UB Timberland and UB Nordic Forest Fund III.

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Capital Arguments

Capital Arguments for December 2018
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