Canfor Corporation announced today that it and certain of its subsidiaries (collectively, 'Canfor') have entered into an approximately USD$315 million loan agreement with an affiliate of Farallon Capital Management, L.L.C. and received all advances thereunder, totaling approximately US$232 million. The loan is secured by certain accounts receivable related to countervailing and anti-dumping duties paid to the US government.
In honor of World Rivers Day, International Paper (IP) and the National Fish and Wildlife Foundation (NFWF) are celebrating their longstanding collaboration through the Forestland Stewards Partnership. This partnership, supporting grantees like The Longleaf Alliance, underscores the critical intersection of water quality and sustainable forestry management to maintain healthy ecosystems for people and wildlife.
By 2030, Metsä Group aims to have reduced fossil-based carbon dioxide emissions from its wood supply by 30% from the 2022 level. In wood supply, the bulk of emissions derives from wood being transported by lorry, train and ship to the mills for refinement.
UPM Raflatac announces its collaboration with Eurostampa on the innovative Envelope 2024 project. This year's project showcases cutting-edge design and sustainable materials, highlighting the synergy between technology and creativity. After being printed using innovative techniques, the labels are showcased at the Luxe Pack 2024 Monaco.
Softys S.A., a subsidiary of Empresas CMPC S.A. (CMPC), has signed an agreement with Ontex Hygienic Spain S.L., a unit of the Belgian Ontex Group, to purchase all shares of Falcon Distribuição Armazenamento e Transporte S.A. (Falcon), a Brazilian company specializing in baby diapers and adult incontinence products.
Suzano, the world's largest pulp producer, has completed the acquisition of two industrial assets from Pactiv Evergreen in Arkansas and North Carolina, United States. All conditions for completing the agreement announced in July have been fulfilled.
The Argentinian tissue paper producer Papelera San Andres de Giles chooses A.Celli technology and orders a new E-WIND P80 for its Buenos Aires plant to produce their own cardboard cores.
SPM has received a strategically important order from Swedish sawmill Södra Wood Långasjö for online systems and wireless vibration sensors for monitoring production-critical equipment.
