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International Paper, a leader in sustainable packaging solutions, announced Jan. 29 its plan to create two independent, publicly traded companies: International Paper will be comprised of its current business in North America including both legacy IP and DS Smith assets, and the EMEA Packaging business will be comprised of both legacy DS Smith and IP assets in EMEA. The separation will create two leading sustainable packaging solutions companies, each with focused management teams and business models, tailored investment and capital allocation strategies, and compelling financial profiles.
Key milestone in creating a global health and wellness leader; Transaction expected to close in the second half of 2026
A long-idle paper manufacturing site in Port Huron is moving closer to redevelopment with new state support.
Sprinklers helped control a fire inside industrial equipment at the longtime Ahlstrom facility, and no injuries were reported.
Kasie Malcolm, a chemical engineering student participating in a co-op program through UMaine, died at the hospital last night from injuries sustained at the plant. Malcolm had worked at the mill since June.
Another worker involved in the incident was sent to Calais Hospital Tuesday night as well, with serious injuries; their condition is unknown at this time.
The cause of the pipe break is under investigation, and officials are assessing the extent of the damage to the property.
A state appeals court rejected an attempt by members of the Appvion Employee Stock Ownership Plan to recover damages after a bankruptcy filing.
Forests minister scrambles to increase timber to B.C.'s forest industry.
Merger expected to close after market close on January 30, 2026.
No injuries were reported in the incident.
A Chinese firm, Huanrong Paper, is set to construct a paper manufacturing plant in Uzbekistan's Samarkand region, in a project valued at around $500 million, local authorities have said.
Tetra Pak takes another major step towards the next generation of sustainable packaging materials with its €60 million investment in a new pilot plant for its paper-based barrier technology at the company's facility in Lund, Sweden.
International Paper, a global leader in sustainable packaging solutions, has completed the sale of its Global Cellulose Fibers (GCF) business to funds affiliated with American Industrial Partners (AIP). As part of the sale agreement, AIP acquired the GCF business for $1.5 billion including the issuance to International Paper of preferred stock with an aggregate initial liquidation preference of $190 million.
Thunder Bay Pulp and Paper has decided to halt its newsprint production due to a significant decline in demand. This decision will impact 150 jobs as per their latest announcement on January 22. The company will be filing notices with the provincial labor ministry to implement this change within the current quarter.
About 120 employees were laid off in July, with hopes they would return to work in the new year.
Metsä Board has today signed an agreement to acquire the Winschoten Sheeting and Distribution Hub in the Netherlands from Konvertia Group. The transaction is expected to be completed in February 2026. The parties have mutually agreed not to disclose the acquisition price.
Packaging stocks rose on Friday after Packaging Corp. of America announced plans to increase containerboard prices by $70 per ton effective March 1, according to Bloomberg's Green Markets Box Report.
The statement says a major factor was last month's announcement of the closure of Domtar's pulp mill in Crofton, B.C., which Atli says effectively eliminated the demand for wood chips produced at Beaver Cove.
The Nottingham company - now part of the Smurfit Westrock firm - pleaded guilty to breaching Regulation 8(1)(a) and (c) of the Lifting Operations and Lifting Equipment Regulations 1998.
Both face burglary charges.
The construction of the terminal will be carried out through a joint venture between CMPC and Neltume Ports.
Since becoming Chief Operating Officer (COO) in 2020, Fuller has been responsible for the Company's global consumer and industrial operations as well as its diversified businesses and Information Technology.
The agreement enables Canfor Corporation to acquire all Canfor Pulp shares it does not already own. Shareholders will receive either 0.0425 Canfor Corporation shares or $0.50 in cash per Canfor Pulp share. Canfor Corporation currently owns 54.8% of Canfor Pulp's issued shares.
The Canadian Forest Sector Transformation Task Force has held its first meeting to begin work on restructuring and modernizing Canada's forest industry. The initiative aims to enhance competitiveness, sustainability, and product diversification.
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