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Recent Articles

Displaying 7976 - 8000 of 19726 articles

Lecta Publishes it 2020 Environmental Report
Lecta Publishes it 2020 Environmental Report

Lecta has published its new 2020 Environmental Report, highlighting actions and improvements carried out over the last two years. As a responsible company firmly committed to sustainability, minimizing our environmental footprint is one of our main objectives.

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BillerudKorsnäs launches strong, super-light cartonboard
BillerudKorsnäs launches strong, super-light cartonboard

BillerudKorsnäs is introducing two new low grammages of their flagship cartonboard product, CrownBoard Prestige®. Made at KM7, the world's most modern board machine, the two new low grammages are particularly interesting for the graphical industry.

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In $5.25 billion deal, Clayton, Dubilier & Rice and BASF sell Solenis
In $5.25 billion deal, Clayton, Dubilier & Rice and BASF sell Solenis

The transaction, expected to close before the end of 2021, implies an enterprise value for Solenis of $5.25 billion. CD&R and Solenis management currently collectively own 51% of Solenis, and chemical company BASF holds the remaining 49%. Both CD&R and BASF will fully exit Solenis as part of the transaction announced today.

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Essity invests in improved recycling of food and beverage cartons in France
Essity invests in improved recycling of food and beverage cartons in France

Essity will invest approximately EUR 11m (approximately SEK 110m) in its Hondouville mill in France, allowing to extract 98% of paper fibers contained in food and beverage cartons.

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Weekend fire at West Fraser facility
Weekend fire at West Fraser facility

Crews cleared just prior to 3:00 a.m. Saturday.

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Cascades selling controlling interest of RDM Group to Apollo
Cascades selling controlling interest of RDM Group to Apollo

Cascades Inc. is pleased to announce that it has entered into an agreement with an affiliate of funds managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, "Apollo") to sell its 57.6% equity interest in Reno De Medici S.p.A. ("Reno de Medici", or "RDM") for an all-cash price of €1.45 per share, corresponding to a total net cash consideration of approximately €315.3 million (approximately CAN$461 million).

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Roseburg announces major new sawmill in North Carolina, 137 jobs
Roseburg announces major new sawmill in North Carolina, 137 jobs

The new 375,000-square-foot facility will be called Roanoke Valley Lumber and will be located on approximately 200 acres of land in Halifax County. Construction on the state-of-the-art sawmill is expected to begin in the first quarter of 2022, with startup scheduled for later that year. Roanoke Valley Lumber will be one of the highest-capacity sawmills on the East Coast, capable of producing as many as 400 million board feet of dimensional lumber per year.

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Update: Neenah Paper closing Appleton mill
Update: Neenah Paper closing Appleton mill

Neenah, Inc. announced a number of operational changes consistent with the Company's commitment to accelerating growth, strengthening margins, and creating value for customers and shareholders.

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Clayton, Dubilier & Rice Leads Merger of Fort Dearborn and Multi-Color Corporation to Create Scaled Global Label Manufacturer
Clayton, Dubilier & Rice Leads Merger of Fort Dearborn and Multi-Color Corporation to Create Scaled Global Label Manufacturer

Clayton, Dubilier & Rice ("CD&R") announced a definitive agreement under which CD&R funds will acquire and combine Fort Dearborn and Multi-Color Corporation ("MCC"), to create the world's largest label solutions company serving customers worldwide. The CD&R funds are acquiring Fort Dearborn and MCC from global private equity investors Advent International and Platinum Equity, respectively. Terms of the transaction were not disclosed.

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Smurfit Kappa buys Cartonbox in Mexico
Smurfit Kappa buys Cartonbox in Mexico

Smurfit Kappa said the deal represents an important milestone for the company as it strengthens its participation in the paper packaging solutions business in Mexico, while it also sees the company expand its presence to four folding carton locations in the country.

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Novolex Closes on Acquisition of Flexo Converters USA, Inc.
Novolex Closes on Acquisition of Flexo Converters USA, Inc.

Flexo is a manufacturer of stock, custom and recycled paper bags, and sacks. A family-owned business, Flexo was founded in 1994. It is headquartered and has a manufacturing facility in Meriden, CT and an additional plant in Monroe, GA.

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Neenah, Inc. Taking Further Actions to Accelerate Annual Revenue Growth, Profitability and Value Creation
Neenah, Inc. Taking Further Actions to Accelerate Annual Revenue Growth, Profitability and Value Creation

Neenah, Inc. announced a number of operational changes consistent with the Company's commitment to accelerating growth, strengthening margins, and creating value for customers and shareholders.

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Paper mill loan bill heads to Wisconsin governor's desk despite disagreement over whether federal funds can be used
Paper mill loan bill heads to Wisconsin governor's desk despite disagreement over whether federal funds can be used

The bill passed 63-35 in the Assembly and 20-12 in the Senate. It would allow the Wisconsin Economic Development Corporation to provide a timber cooperative, which is made up of people throughout the timber industry in the state, a $50 million loan to purchase the Verso Mill in Wisconsin Rapids and a $15 million loan to purchase the Flambeau River Papers Mill in Park Falls.

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Gregory Morrison Named to Veritiv Board of Directors

Morrison spent 18 years at Cox Enterprises, a leading communications, media and automotive services company, where he retired as Senior Vice President and Chief Information Officer in January 2020.

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Metsä Spring names Mikko Himanen as Process Specialist

Before joining Metsä Spring, Mr. Himanen worked at Metsä Tissue. His latest position at Metsä Tissue was as a process operator of the Mänttä mill. Before that Mikko has worked for years in PM operations at different UPM paper mills.

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Essity's acquisition of ABIGO Medical is completed
Essity's acquisition of ABIGO Medical is completed

The process following the acquisition of the remaining 25% of the shares of ABIGO Medical AB is completed and the company is now a wholly owned subsidiary of Essity. As per the terms of the transaction, ABIGO Medicals pharma business has been divested and sold to the company's founder Jan G. Smith.

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Voith to supply complete board production line to Asia Symbol in China

Start-up of the new high-speed line is scheduled for mid-2023.

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Valmet completes acquisitions of EWK Umwelttechnik and ECP Group

EWK Umwelttechnik is a German company manufacturing and supplying air emission control systems and after-installation services. ECP Group is a manufacturer and maintainer of electrostatic precipitators (ESP), focusing on power plants and pulp and paper industry, in Finland.

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Valmet and Neles Agree to Merge

EWK Umwelttechnik is a German company manufacturing and supplying air emission control systems and after-installation services. ECP Group is a manufacturer and maintainer of electrostatic precipitators (ESP), focusing on power plants and pulp and paper industry, in Finland.

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Australian hygiene company Asaleo Care becomes Essity
Australian hygiene company Asaleo Care becomes Essity

Asaleo Care manufactures and markets Personal Care and Professional Hygiene products in Australia, New Zealand and Fiji and Consumer Tissue in New Zealand and Fiji.

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Job cuts: Stora Enso completes co-determination negotiations at Kvarnsveden site concerning the closure of pulp and paper production
Job cuts: Stora Enso completes co-determination negotiations at Kvarnsveden site concerning the closure of pulp and paper production

Stora Enso has completed the co-determination negotiations concerning the closing down the pulp and paper production at its Kvarnsveden site in Sweden. The closure will take place by the end of the third quarter of 2021.

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Pregis invests more than $14 million in new Atlanta area manufacturing facility to support e-commerce growth
Pregis invests more than $14 million in new Atlanta area manufacturing facility to support e-commerce growth

The McDonough facility will be producing the recently rebranded Pregis EverTec™ mailer which features lightweight, recyclable all-paper cushioned construction. Pregis is currently looking to fill 80 new manufacturing positions there, with room to expand production and employment opportunities in the future. In total, the new EverTec manufacturing locations are expected to create approximately 450 new jobs.

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Week of 5 July 2021: Environmentalism--Science
Week of 5 July 2021: Environmentalism--Science

In the innocent days of the 1970's, the US Environmental Protection Agency was formed. It came into being on 9 July 1970. Other countries had formed similar bodies in the same era. Sweden's was founded in 1967, for instance. Others were formed as late as the 1990's. Back in those days, air and water pollution were spewing forth with little control and little was being done about it. The correct approach was science coupled with appropriate regulations. This has happened worldwide now, by one of two methods.

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Sonoco Enters into New $750 Million Revolving Credit Facility
Sonoco Enters into New $750 Million Revolving Credit Facility

Sonoco announced it has entered into a new five-year $750 million revolving credit facility (the "Credit Agreement") with a syndicate of banks. The Credit Agreement replaces an existing credit facility entered into on July 20, 2017, and reflects substantially the same terms and conditions.

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Importance of the Convergence of IT and OT

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Displaying 7976 - 8000 of 19726 articles

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