Recent Articles

Interfor Corporation announced that it recently closed an early renewal and extension of its revolving credit facility with its syndicate of major Canadian and U.S. banks. The commitment amount under the facility was renewed at approximately C$560 million, and the maturity of the facility has been extended from December 2026 to July 2029.

The company said its net loss for the quarter came to $26m due to the costs associated with previously announced closures and other restructuring actions totaling $280m.

A major component of this investment is the complete rebuild and modernization of the woodyard at the Escanaba Mill.

Sami Pauni, Executive Vice President, Sustainability, Corporate Affairs and Legal, and a member of the Huhtamaki Global Executive Team, has decided to pursue career opportunities outside of Huhtamaki.

Mondi is the first company in South Africa to receive this globally respected certification.

The operating rates for all four major grades declined from Q1, with the overall rate dropping 2.7 points.

Chillicothe's Pixelle paper mill, which is set to close in August, has a secondary function: it helps contain a toxic plume of cancer-causing chemicals underground that were spilled by a former cookware manufacturer decades ago.

Funding supports dislocated workers in 14 counties.

Unifor is encouraged by Kruger Inc.'s announcement that it plans to invest up to $700 million in its Corner Brook, N.L. mill to modernize the facility.

The U.S. Department of Commerce has finalized antidumping duties on softwood lumber imports from Canada, setting rates between 9.65% and 35.53% for entries made during 2023.

He will assume his role by January 24, 2026, at the latest.

Innovative collaboration supports long-term fibre security and economic development.

PotlatchDeltic operates six lumber mills and an industrial plywood facility. Each mill operates subject to stringent limits and legal requirements within various environmental permits and regulations that are in place to protect air and water quality.

Rengo Co., Ltd. announces that its consolidated subsidiary, Tri-Wall Limited, has acquired a 100% stake in Scart Imballaggi S.r.l. (Scart), through Tri-Wall's wholly owned subsidiary.

Stora Enso Oyj reported that its second quarter net result declined to 15 million euros from 35 million euros, prior year.

Andrex® and Kleenex® producer Kimberly-Clark, together with partners HYRO and Carlton Power, invest a combined £125 million into UK green hydrogen.

Kruger announced to its employees a comprehensive diversification strategy to secure future operations of Corner Brook Pulp and Paper Limited contingent on timely endorsement by key industry partners. Kruger is proposing to invest up to $700 million to transform the mill into a modernized and sustainable manufacturing complex that will become one of the most competitive in the industry.

The company expects the $80.5 million project to create up to 515 jobs.

Civil Society criticizes the move, citing failure to conclude investigations into the scope of forestry giant's empire and gross misrepresentation of community views.

Asia Pulp and Paper (APP) has downgraded their long-standing commitment to no deforestation and peatland restoration with the announcement of its new 'Forest Positive Policy' today in Jakarta.

A new recyclable solution for flexible packaging of food products requiring high barrier properties.

The Seattle based company reported a profit of $87 million, or 12 cents per share in the quarter ended June 30, compared with $173 million, or 24 cents per share a year earlier.

Driven by structural overcapacity in the graphic paper markets and the need to ensure long-term competitiveness of its operations, UPM Communication Papers plans to end paper production at UPM Kaukas paper mill, Finland, reducing the annual production capacity of coated mechanical paper by 300,000 tonnes.

Canfor Corporation announced that its 77%-owned subsidiary, Vida AB, has entered into an agreement to purchase AB Karl Hedin Sågverk from Mattsbo Såg AB and certain minority shareholders for a purchase price of $164 million (1.15 billion Swedish Krona), including working capital of approximately $39 million.

UPM Adhesive Materials, formerly known as UPM Raflatac, plans to increase its production capacity in the high-growth market for advanced labels with an investment in its factory in Mills River, North Carolina, USA.