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The transaction includes an annual production capacity of 340,000 metric tons distributed across four production sites in Shelby, North Carolina, Lewiston, Idaho, Las Vegas, Nevada, and Elwood, Illinois. The completion of the acquisition is expected within 2024, subject to receipt of customary regulatory approvals and satisfaction of other customary closing conditions.
International Paper reported Q2 2024 financial results. Net sales for the Q2 increased to $4.73 billion, compared to $4.68 billion in the Q2 2023.
With a capacity production of 440.000 tonnes of paper and 535 million square meters of corrugated board packaging, Schumacher Packaging employs 1,540 people in Poland. The turnover of the Polish sites was 327 million euros in 2023 (aggregated sales).
Bolt-on additions will further enhance Southern Timberlands portfolio and expand footprint in attractive markets.
With reference to the fire and subsequent explosion which occurred on a supplier truck delivering liquid oxygen to the Sappi Saiccor Mill in Umkomaas, KwaZulu-Natal, the following update can be provided.
Kimberly-Clark says supplies are constrained and private-label brands are offering more promotions.
Stora Enso invests EUR 3O million to upgrade and grow its corrugated packaging production in Ostrołęka, Poland, where the company already has a solid foothold. Stora Enso's corrugated products are currently being used in many industry segments, such as food and beverage, electronics, furniture and e-commerce.
John Baird, Chairman of the Canfor Corporation Board of Directors, announced that Don Kayne, President and Chief Executive Officer, plans to retire at the end of the year.
Brazil's Suzano, the world's largest pulpmaker, is looking to expand its paper footprint internationally while continuing to increase production at home, the company's chief financial officer said.
Weyerhaeuser will close a lumber mill in Vanceboro in September, resulting in the loss of 73 jobs, according to paperwork filed with the state.
Clearwater Paper Corporation, a premier supplier of quality consumer tissue and bleached paperboard, today announced that it has entered into a definitive agreement to sell its tissue business to Sofidel America Corporation, a subsidiary of Sofidel S.p.A., a leading manufacturer of paper for hygienic and domestic use, for $1.06 billion, subject to adjustments for debt, cash, transaction expenses and net working capital.
Cerrado Project required investment of around US$4.3 billion and will contribute to increase Suzano's production by more than 20%.
Capital Recovery Group will hold an online auction July 23-25 for equipment and machines from the idled portions of the Wisconsin Rapids paper mill.
In late April, the company announced the plant would shut down this month, for an indefinite amount of time.
No injuries as all personnel and onsite contractors taken to safety.
New support for a mass-timber production facility is protecting sustainable forestry jobs in Okanagan Falls, British Columbia (B.C.), Canada, and continuing to strengthen B.C.'s position as a leader in mass-timber innovation.
Georgia-Pacific's Big Island containerboard facility in Virginia earned its first EPA ENERGY STAR® Certification for energy efficiency this year. The facility joins two other Georgia-Pacific facilities - Brewton containerboard in Brewton, Alabama, and Leaf River Cellulose in New Augusta, Mississippi in earning this prestigious recognition for environmental stewardship.
Fire Chief Dave Bissat said crews were called out to the mill at 5:37 a.m. on Saturday, July 13 for a fire "inside a fine dust silo." The silo was around 120 feet tall and 30 feet wide. Around 15 firefighters responded and Bissat said that the fire was brought under control by mid-morning, however, the fire was still burning inside the silo.
Heinzel Group has made the decision to close its subsidiary, Raubling Papier GmbH, in Germany, due to persistently difficult market conditions and challenging economic circumstances. This decision follows comprehensive discussions with the local works council, resulting in a successfully concluded social plan.
Suzano announces that Beto Abreu has assumed the role of CEO. As Suzano celebrates its centennial year and finalises construction of the Cerrado Project, the world's largest single-line pulp production facility in Ribas do Rio Pardo, Mato Grosso do Sul state, Abreu will now be responsible for leading the company's ambitious growth strategy.
Sappi has paid tribute to the six heroic employees of Famusa Contracting who lost their lives on Sunday fighting fires which destroyed hundreds of hectares of farmland in the KZN Midlands.
Ricky Tyrone Williams is in custody after shooting a co-worker at Pactiv Evergreen, according to officials with the Greensboro Police Department.
The new Atlanta facility will begin operations in early September 2024.
Montana governor Greg Gianforte and the Montana Department of Labor & Industry (DLI) announced the state secured a nearly $2 million investment to provide workforce retraining and support services for workers impacted by the closures of Pyramid Lumber in Seeley Lake and Roseburg Forest Products in Missoula.
The transaction is valued at US$110 million and includes two mills in Pine Bluff, Arkansas, and Waynesville, North Carolina, that manufacture liquid packaging board and cupstock.
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