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Mill CEO said he was disappointed by the auction's outcome, including the fact the winning bid was less than he expected and that no paper operators participated. The four eligible bidders were all liquidators, he said.
After receiving demolition permits from both the state Department of Environmental Protection (DEP) and the town, AIM will begin demolishing the mill on 30 Nov., company official Jeffrey McGlin said.
Graphic Packaging Holding Co. has promoted Michael P. Doss to president and CEO. He will replace David Scheible.
Instead, Verso says it is considering the potential sale of the Duluth and Stevens Point mills.
An oft-repeated message at a full-day conference was that despite the headlines, the industry is still strong.
At its recent annual meeting in San Antonio, the American Forest & Paper Association presented eight Better Practices, Better Planet 2020 sustainability awards to seven companies.
The Quad/Graphics plant has 422 employees, according to a notice filed with the state Department of Labor & Industry, and some of those workers could relocate to other company facilities across the country.
The transaction is expected to close during Q1 2016, subject to approval by the Wausau Paper shareholders and other customary closing conditions.
As a result of the name change, the ASX ticker code will change from PPX to SRS and be effective from 17 November 2015.
The planned production capacity would be approximately 450,000 tons of liner annually. LEIPA intends to continue all employment relations with the current employees of the UPM Schwedt mill.
Firefighters tackled an early afternoon blaze at a Kruger facility in St Henri on Sunday.
Universal Forest Products, Inc. announced that its CEO, Matthew J. Missad, has been included in Fortune magazine's Businessperson of the Year list, an annual ranking of just 50 corporate leaders published today.
The current goal is to have the paper mill open and operational by late winter/early spring.
The Board intends to consider a broad range of alternatives, including continuing to hold and operate the business or a sale or spin-off of the business.
DuPont announced it has named Edward D. Breen the company's chair and chief executive officer, effective immediately.
Few know the state's timberland history better than George Mead II of Wisconsin Rapids. Mead's grandfather, George W. Mead, grew Consolidated Paper into the biggest papermaker in North America.
Campbell Global announced it is exploring strategic alternatives for Menasha Forest Products Company (MFPC), including a potential sale of MFPC.
Fibria Celulose S.A. has already structured all of the funding for the Horizonte 2 Project, which will expand production capacity at its Três Lagoas Mill, located in the state of Mato Grosso do Sul, Brazil.
Registered as Bucksport Generation LLC and majority owned by AIM Development, that business is a separate entity from the former paper mill that AIM purchased from Verso Paper Corp. last January.
Cascades Inc. announced Tuesday it is investing $26.4 million at its Norampac corrugated board conversion plant in Drummondville, to install a new corrugator, thus increasing its production capacity.
Under a tolling agreement of limited duration, BASF will continue to manufacture and supply PHK products to Imerys to enable a smooth transition for customers.
Cascades Inc. announced that it will be making strategic investments amounting to $4.5M in its Plastiques Cascades plant in Kingsey Falls and its Cascades Inopak plant in Drummondville.
Seven weeks after ending their 12-day strike, KapStone employees in Longview still are working without a contract.
KapStone Paper and Packaging Corp. lost an estimated $14 million in the 12-strike at the Longview paper mill, the company announced in its third-quarter earnings report Wednesday.
Mondi on Thursday said it has struck a deal to sell its Raubling containerboard mill in Germany.
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