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Hygiene and health company Essity is strengthening its offering in incontinence products through the acquisition of the Dutch company Novioscan. The company develops a wearable ultrasound technology that monitors the bladder and enables continence control. The purchase price is approximately SEK 70m (EUR 6.5m) on a debt-free basis.
Kimberly-Clark's Huggies® brand announced that it will donate five million diapers to the National Diaper Bank Network (NDBN) to meet this growing need, and $1 million to United Way COVID-19 Community Response and Recovery Fund to support community social services.
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.
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.
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.
The plastic-free eco-barrier paperboard, MetsäBoard Prime FBB EB, has recently achieved DIN CERTCO certificates in both industrial and home compostability.
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.
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.
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.
In October, Orora entered into a binding agreement with Nippon Paper Industries to sell its Australasian Fiber Business for $1.72 billion.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Like many other forestry companies, Tolko Industries shared their response to COVID-19.
Cascades Inc. has provided an update regarding the evolving COVID-19 landscape.
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.
Metsä Board takes the Covid-19 threat seriously and wants to secure a safe meeting for the company's shareholders and employees.
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