Recent Articles

Conifex Timber Inc. announced that it has completed a $25 million secured term loan with PenderFund Capital Management Ltd. ("Pender"), an independent investment firm located in Vancouver, British Columbia, Canada. A portion of the term loan was utilized to repay and retire Conifex's existing lumber segment credit facility with Wells Fargo Capital Finance Corporation Canada in the amount of approximately $11 million. The balance of the term loan will be available for working capital and general corporate purposes.

The project is scheduled to be completed by the end of 2024.

Under the terms of the agreement, Suzano will acquire a 15 percent stake in Lenzing from B&C and the two shareholders will form a long-term syndicate which will hold the majority stake (52.25 percent) in the company. Subject to the closing of the transaction, B&C will hold a 37.25 percent stake in Lenzing and keep the role as controlling member of the new syndicate, with Suzano holding the minority stake of 15 percent. The price per share will be EUR 39.70, with a total acquisition purchase price of EUR 230 million to be fully paid at closing.

The recent financing, which includes new capital investment and amendments to the Company's credit facilities, was completed in collaboration with the Company's existing lenders and has substantially bolstered the Company's cash liquidity position.

Mondi introduces ProVantage SmartKraft Brown and White, an innovative blend of fresh and recycled fibres, setting new standards in sustainability and performance.

According to GEF, the tube and core and protective packaging products price increase is a consequence of the URB price increase, the primary raw material contained in those products.

Tetra Pak announces the launch of the Tetra Pak® Industrial Protein Mixer, a groundbreaking new product designed to reduce product loss in liquid protein mixing.

Georgia-Pacific is relaunching its ARIA® brand of bath tissue as a three-ply premium product made from 100% recycled fiber and wrapped in recyclable paper packaging.

Smurfit Kappa, Europe's largest paper packaging producer has invested over €30 million across two projects in Spain to further reduce CO2 emissions.

While the American Forest & Paper Association (AF&PA) supports efforts to improve recycling, the legislation lacked provisions to ensure it would not negatively impact highly recycled materials like paper and paper-based packaging.

Metsä Board, the leading European producer of premium fresh fibre paperboards, has once again, achieved the highest Platinum level in EcoVadis' sustainability assessment with a record score. The company has achieved the highest level rating every year since 2017.

On Tuesday, June 5, KBX Logistics/Georgia-Pacific surprised the Paper Transport (PTI) team with the prestigious 2023 CPG Dedicated Carrier of the Year award. Receiving the award for the 10th time in company history reflects the consistent capacity and superior service of PTI.

Valmet has secured a contract to provide a 50 MW pellet-fired heating plant to Göteborg Energi AB, which will be located at Mölndal Energi's Riskulla site in Mölndal, Sweden. The plant, set to start operations in late 2026, will enhance the renewable energy capacity in the region​​.

Solenis, a leading global producer of specialty chemicals, announced it has acquired Aqua ChemPacs, LLC, on June 10, 2024.

Runtech delivers a ropeless tail threading systems to Munksjo Caieiras Ltda, Brazil. The delivery includes Runshooter technology with detailed engineering and startup support. With the upgrade Caieiras targets more fluent and faster tail threading and improved operator safety.

Sappi say the company's most recent three-year contract offer included wage increases, retirement plan improvements and a signing bonus but said a majority of the 150 union workers represented by the National Conference of Firemen and Oilers Union turned down the company's offer and have voted to authorize a potential strike.

Starkraft, a business unit of Heinzel Pöls, part of the Heinzel Group, announces the successful launch of its PM6 at the Steyrermühl paper mill in Austria, marking a significant milestone in its journey towards enhanced productivity and global expansion. With this strategic investment, Starkraft elevates its production capacity to a total of 350,000 tons of kraft paper per year.

Analysts from Jefferies are predicting a potential cash offer for IP in the range of $54-57 per share, a figure that aligns with previous investor expectations. However, IP's board may value the company significantly higher.

Mercer is spearheading the advancement of wood technology to redefine the North American construction landscape and is being recognized for its leadership and commitment to educating customers on the value of sustainably managed forests and promoting SFI certification in the supply chain.

Partnership to feature award-winning innovations, including Tork PeakServe Continuous Hand Towel System and Tork Vision Cleaning, helping arena reduce waste and increase efficiency.

LP Building Solutions (LP), a leading manufacturer of high-performance building products, announced that it has been recognized for the third consecutive year as a winner of the Top Workplaces of Middle Tennessee Award by The Tennessean, the state's largest newspaper and a member of the USA Today Network.

Aligned with its ESG strategy, the report presents last year's progress on implementation of the 2030 Agenda.

This price action is necessary to offset increased input costs, the company insists.

Accelerates alternative fiber strategies with new ambition to be 100% Natural Forest Free across product portfolio beyond 2030.

Anu Pires joins Valmet from Paulig Group, where she has worked as SVP, Human Resources since 2018.