Based on received proxies and voting instructions, UPM confirms that it has received a sufficient majority of votes to support the proposed resolutions on the agenda of the Annual General Meeting on 31 March 2020. Therefore, decisions on items on the meeting agenda can be made in accordance with the proposals if the meeting will be arranged.
Weyerhaeuser Company announced the completion of the sale of its 630,000 acres of Montana timberlands to Southern Pine Plantations for approximately $145 million in cash.
The Company is postponing the planned extended spring maintenance shut at Northwood Pulp Mill until later this year, and instead will curtail the mill for three weeks during the period the turnaround was originally scheduled to occur. This will result in a reduction of approximately 35,000 tonnes of Northern Bleached Softwood Kraft pulp production.
The COVID-19 pandemic is creating disturbance in Huhtamaki's global trading conditions and the demand for food-on-the-go packaging is being significantly impacted.
New-Indy Containerboard has chosen technology leader ABB to provide the integrated electrical and automation systems and equipment for its Columbia paper machine rebuild in Catawba, South Carolina, USA. New-Indy Containerboard is rebuilding its paper machine 3 to diversify its product capabilities.
