The Swedish Government has decided to ban public gatherings and public events with more than 50 people as of March, 29. Since this decision is also the norm for other types of gatherings, Holmen's Board of Directors has decided to postpone the Annual General Meeting (AGM), which was planned to be held on March 30, 2020 in Stockholm, Sweden.
A Delaware judge has granted the DuPont Co.'s request to dismiss a lawsuit alleging that it massively downplayed the cost of environmental liabilities imposed on spinoff company Chemours.
Metsä Fibre, part of Metsä Group, has made the decision to build the world's most modern sawmill in Rauma. The value of the investment is approximately EUR 200 million.
We recently had the opportunity to sit down with Jay Miele, Vice President of Allnorth Americas in Alpharetta, Georgia. Allnorth Americas (www.allnorth.com) is an engineering firm headquartered in Vancouver, British Columbia, with offices across North America. Allnorth has perfected working remotely, meaning using professionals in their various offices collaboratively in real time to execute clients' projects. No longer is there a need to move people from office to office or office to site to quickly and efficiently execute engineering projects.
The Board of Directors' previous assessment of a dividend of SEK 6.25 per share remains. The final assessment on the size of the dividend will, however, be taken at a later date when the effects of the current COVID-19 pandemic are better understood.
The company has received a sufficient number of shareholders' proxies and cancellations of attendance, allowing the meeting to be held in accordance with the regulations set by authorities following the coronavirus pandemic.
In October, Orora entered into a binding agreement with Nippon Paper Industries to sell its Australasian Fiber Business for $1.72 billion.
Weyerhaeuser Company announced the completion of the sale of its 630,000 acres of Montana timberlands to Southern Pine Plantations for approximately $145 million in cash.
Based on received proxies and voting instructions, UPM confirms that it has received a sufficient majority of votes to support the proposed resolutions on the agenda of the Annual General Meeting on 31 March 2020. Therefore, decisions on items on the meeting agenda can be made in accordance with the proposals if the meeting will be arranged.
In order to mitigate a potentially stronger than expected decline in earnings, Lenzing has already started to implement cost saving measures across its sites globally.
Rayonier Inc. announced with great sadness that Richard D. Kincaid, Chairman of the Rayonier Board of Directors, passed away unexpectedly on March 20, 2020. Mr. Kincaid had served on the Rayonier Board of Directors since 2004, and was appointed Chairman in June 2014 in connection with Rayonier's spin-off of its Performance Fibers business.
Branded as Natrellis™, the fiber bowl is dual-ovenable, PFAS-free, and provides an alternative to more traditional rigid plastic packages used by the majority of refrigerated and frozen food products on the market.
At Domtar, we are not just a fiber company. We are a company of fiber. This has never been more evident than during these past several weeks as we have navigated the unprecedented and unsteady path created by the worldwide COVID-19 pandemic.
So far, Norske Skog's business units operate as normal except for Golbey, which has ceased production at PM2 due to one confirmed case of coronavirus at the PM2 line requiring a 14 day quarantine for co-workers.
Cascades Inc. has provided an update regarding the evolving COVID-19 landscape.
Like many other forestry companies, Tolko Industries shared their response to COVID-19.
Toilet and tissue paper shortages in Japan amid the spread of the new coronavirus are expected to be resolved in about a week, industry leader Susumu Yajima said Monday.
Toilet paper sales nationally jumped about 213% in the week ending March 14, compared to the same period a year before, according to market research firm Nielsen.
Going forward, Huhtamaki will focus on growth, competitiveness, talent and sustainability. The company's ambition is to become the first choice in sustainable food packaging.
These measures are taken to enable that the AGM may convene and decide upon the agenda items, such as payment of dividend, in accordance with the notice to the AGM published on 30 January 2020 while securing the health and safety of individual shareholders.
If you are looking for goods and services in the pulp and paper industry, you need to check out the Paperitalo Directory!
Reports on Tuesday evening stated that a contractor employed at the Kimberly-Clark facility in Conway was confirmed positive for COVID-19, the illness caused by the coronavirus. However, the spokesperson for the facility along with the Arkansas Department of Health has stated that the test is not confirmed positive and that the employee is only awaiting test results.
In response to the coronavirus infection risk, Ahlstrom-Munksjö has decided to make certain changes to the practical arrangements of its Annual General Meeting at Finlandia hall, in Helsinki on March 25, 2020, at 13:00 EET.
Metsä Board takes the Covid-19 threat seriously and wants to secure a safe meeting for the company's shareholders and employees.
Based on the development of the coronavirus situation and the announcements by the Finnish Government, Stora Enso has decided to cancel its Annual General Meeting on Thursday 19 March 2020.