When I was a little boy and dad came home from work talking about firing someone, I took it literally and was alarmed. His further explanation to clarify the firing comment was not of help. "What do you mean, you canned them?" Being burned or put in a can did not seem to be very humane to an eight-year-old. When it comes to your career, though, such actions are equivalent to the literal.
Mayr-Melnhof Karton AG (MM) has agreed with Evergreen Hill Enterprise, Pte. Ltd., part of an Indonesian-based privately held group of diversified companies, on the sale of 100 % of the shares in TANN Group, headquartered in Traun, Austria, for a cash and debt-free enterprise value of EUR 360 million.
Statkraft and Norske Skog Skogn have entered into a 3-year industrial power agreement for the supply of approximately 1 TWh (40 MW) during the period 2027-2029 to the company's paper mill in Skogn (Norway). Together with previous contracts, the agreement secures a significant portion of the mill's power supply at competitive terms through 2030.
Sonoco Products Company, a global leader in high-value sustainable packaging, announced it has entered into an agreement to sell its Thermoformed and Flexibles Packaging business ("TFP") to TOPPAN Holdings Inc. for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments.
Chilean forestry group Celulosa Arauco y Constitución S.A. (Arauco) will invest $4.6 billion in building a bleached eucalyptus market pulp mill in Brazil.
