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McHugh succeeds H. Edwin Kiker, who is transitioning to the newly created position of Chief Accounting Officer, responsible for financial reporting, accounting operations, and implementing and ensuring proper financial controls and systems
Norbord Inc. and Ainsworth Lumber Co. Ltd. announced that they have signed a definitive agreement under which they will merge to create a leading global wood products company focused on oriented strand board across North America, Europe and Asia
Tembec and Unifor Local 233 confirmed that they have signed a Memorandum of Agreement and a Return to Work Protocol towards the settlement of the Collective Agreement at its Temiscaming Site in Quebec
Iroquois Falls (Ontario) mill and pair of paper machines in Quebec to be permanently idled
Bemis Company, Inc. announced that its Board of Directors has elected Michael B. Clauer to the position of Vice President and Chief Financial Officer
Schweitzer-Mauduit announced that it has signed a definitive agreement to acquire certain assets from Smith & Nephew's Advanced Wound Management division
Stora Enso has completed the divestment of its Corenso business operations to the Finnish packaging materials company Powerflute Oyj
As previously disclosed, the total consideration received by GLV for the sale of the Division is $67 million and remains subject to certain post-closing adjustments
Bertel Karlstedt has been appointed President of Pulp and Energy business line at Valmet as of 1 Feb 2015
Universal Forest Products, Inc. announced that one of its subsidiaries has acquired an 80% interest in certain assets of Packnet, Ltd., with the ability to purchase the remaining 20% in three years
Ethos Private Equity says it has entered into an agreement to acquire Nampak's tissue, corrugated and sacks divisions for $143 million
The new plant located in the Nanjing Chemical Park will add a production capacity of about 100,000 tons annually, providing a wide range of chemical products for paper and pulp manufacturing
GLV Inc. has announced that, following a Special Meeting of the shareholders of GLV, a resolution approving the sale of GLV's Pulp & Paper Division to 9027173 Canada Inc., a corporation owned by Richard Verreault, the President and Chief Executive Officer of GLV and Laurent Verreault, the Executive Chairman of the Board of GLV, was adopted by GLV shareholders.
Universal Forest Products, Inc. announced that one of its subsidiaries has closed on the acquisition of certain assets of Bigs Packaging and Lumber, LLC, a Dallas, Texas-based manufacturer of industrial wood and packaging solutions.
New York-based private equity firm Patriarch Partners closed Old Town Fuel & Fiber indefinitely 14 Aug. 2014, furloughing 180 workers
Cenveo will reportedly close its Minneapolis facility and eliminate 112 jobs. Layoffs could start as soon as 31 Dec 2014.
Momentive Specialty Chemicals Inc. announced this week the latest expansion of its Forest Products business through the construction of two new formaldehyde plants in Geismar, Louisiana and Luling, Louisiana
The new mill will have an annual production capacity of 1.5 million tons of pulp, of which 1.1 million tons is short fiber (eucalyptus) and 400 thousand tons islong fiber (pine), part of which will be converted into fluff pulp
The acquisition of J&L Fiber Services' screen cylinder product line further extends Kadant's stock-preparation product offerings of screen cylinder products applied to recycled fiber lines, thick stock, broke, and other aggressive applications
The company cautions that this unplanned suspension may potentially reduce fourth quarter revenue by $6 million to $8 million when compared to previously issued guidance
Ahlstrom Corporation, Munksjö Oyj and Munksjö AB received on February 25, 2014 a Statement of Objections from the European Commission with respect to alleged incorrect or misleading information provided in connection with the merger notification to the European Commission, submitted in 2012
The Albury Mill began operations in 1987 and produced nonwoven fabrics for use in sterile medical applications (surgical wraps and gowns), industrial applications and as a component for the manufacture of nappies
Stora Enso announced that it will invest Euro 27 million to improve the quality and cost-competitiveness and to increase the capacity of the consumer board machine 5 by 20,000 metric tons at its Imatra Mills in Finland
The company said the job cuts were part of a restructuring plan meant to reduce its costs and create greater efficiency. The cuts will amount to about 2 percent of the company's total work force of about 58,000 people world-wide
Cascades and Rackam started work on the ground-level facility in June, installing a powerful concentrated solar power (CSP) system with a surface area of 1490 m2 on a 4000 m2 lot, with the aim of reducing the consumption of natural gas used to produce the hot water required for operations at the industrial complex. The project is a first in the pulp and paper industry
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