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Management Side
Displaying Articles 1 - 25 of 4406
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Billionaire Businessman James K. Irving Passes Away at 96
Billionaire Businessman James K. Irving Passes Away at 96

James K. Irving, a titan in Canadian business and industry, passed away at the age of 96, leaving behind a legacy deeply intertwined with the economic and social fabric of Canada. Born into the esteemed Irving family, James, along with his brothers, John (known as Jack) and Arthur, were the sons of K.C. Irving, whose vision and enterprise laid the groundwork for one of Canada's largest and most diversified conglomerates, J.D. Irving Ltd.

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Amazon replaces plastic air pillows with recycled paper for North American packaging
Amazon replaces plastic air pillows with recycled paper for North American packaging

Amazon is replacing plastic air pillows with recycled paper filler in North American packaging to address environmental concerns. The company has already replaced 95% of plastic air pillows in delivery packaging and aims for full removal by the end of the year, company said in a statement.

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Sonae Arauco launches digital plant model in Nettgau, Germany
Sonae Arauco launches digital plant model in Nettgau, Germany

Sonae Arauco, one of the world's most relevant companies for engineered wood solutions, has transformed its first plant in Germany, the Nettgau site, into a digital plant, a format that provides an extensive and relevant set of data in real-time to support decision-making.

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Metsä Group restarts Kemi bioproduct mill after gas explosion
Metsä Group restarts Kemi bioproduct mill after gas explosion

The repair work caused by the gas explosion in the mill's evaporation plant in March has been completed, and other annual maintenance work was done during the production shutdown.

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S&P to include Smurfit WestRock in indices
S&P to include Smurfit WestRock in indices

London-listed shares in Smurfit Kappa rose on Wednesday after Bloomberg News reported that Smurfit WestRock, the company formed by a merger between the Irish packaging group and U.S. peer WestRock, will be included in S&P Dow Jones Indices's averages.

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Clearwater Paper invests $22 million, adds jobs in Shelby, North Carolina
Clearwater Paper invests $22 million, adds jobs in Shelby, North Carolina

Clearwater Paper will invest $22.59 million in an expansion in Shelby that will create 13 jobs paying $60,769, on average.

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DS Smith boss insists £5.8bn takeover is on track amid concerns over deal
DS Smith boss insists £5.8bn takeover is on track amid concerns over deal

Merger with International Paper moving at 'absolutely full steam' in face of separate interest from Brazil's Suzano.

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Mondi celebrates completion of €125 million containerboard mill upgrade in Kuopio, Finland
Mondi celebrates completion of €125 million containerboard mill upgrade in Kuopio, Finland

Mondi has completed a €125 million investment project in its Kuopio mill, which will increase production capacity by 55,000 tonnes per annum while enhancing efficiency and improving environmental performance.

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Investments approved for the Sappi mill in Maastricht
Investments approved for the Sappi mill in Maastricht

With a second e-boiler, Sappi takes a further step towards sustainability and advancing decarbonisation.

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Mativ Announces Changes to Its Board of Directors
Mativ Announces Changes to Its Board of Directors

Mativ Holdings, Inc. announced it has appointed John K. Stipancich as an independent member of its board of directors, effective June 13, 2024, for a term of office expiring at the 2027 annual meeting. In connection with his appointment, Stipancich has also been appointed to serve on the Board's audit committee.

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SEC Charges R.R. Donnelley & Sons Co. with Cybersecurity-Related Controls Violations
SEC Charges R.R. Donnelley & Sons Co. with Cybersecurity-Related Controls Violations

The Securities and Exchange Commission today announced that R.R. Donnelley & Sons Company (RRD), a global provider of business communication and marketing services, agreed to pay over $2.1 million to settle disclosure and internal control failure charges relating to cybersecurity incidents and alerts in late 2021.

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Curtailments slated for Canfor Mill in Fort St. John
Curtailments slated for Canfor Mill in Fort St. John

The first curtailment will begin June 28th and run until July 15th, 2024, with a second set of reduced employee hours slated to begin august 26 to September 6th, according to the memo.

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DS Smith Iberia Installs a New Single-pass Digital Printer with Water-based Inks
DS Smith Iberia Installs a New Single-pass Digital Printer with Water-based Inks

State-of-the-art technology increases the production speed of sustainable fiber-based packaging solutions.

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Sodra invests in new GIS switchgear at Mönsterås pulp mill in Sweden
Sodra invests in new GIS switchgear at Mönsterås pulp mill in Sweden

Sodra's Mönsterås mill is strengthening its position as a producer of green electricity with a new GIS switchgear from Siemens Energy.

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Metsä Group selects key partners for pre-engineering project for Muoto packaging facility in Finland
Metsä Group selects key partners for pre-engineering project for Muoto packaging facility in Finland

Metsä Group's pre-engineering project for a potential commercial-scale Muoto fibre product plant is progressing. After the pre-engineering phase, Metsä Group may consider making an investment decision. The partners selected for the pre-engineering project are Elomatic, SRV, Valmet Technologies and A-insinöörit Suunnittelu.

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Essity presents new financial targets following the divestment of Vinda
Essity presents new financial targets following the divestment of Vinda

Hygiene and health company Essity is presenting new financial targets based on the company's portfolio following the divestment of the subsidiary Vinda. The new targets are an increase in ambition with an emphasis on profitable growth and are based on the company's robust platform with leading positions in growing and attractive markets.

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Södra to invest in bark-based tanning agent production at Varo mill in Sweden
Södra to invest in bark-based tanning agent production at Varo mill in Sweden

Södra is investing in a production line at Värö which will create a vegetable tanning agent from bark. This new tannin can be used to process leather in a more environmentally friendly way. Scheduled to be commissioned in 2026, the plant will have the capacity to produce tannins for millions of square metres of leather.

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Sealed Air Names WestRock's Patrick Kivits as New CEO
Sealed Air Names WestRock's Patrick Kivits as New CEO

Protective packaging supplier Sealed Air (SEE) has announced the appointment of Patrick Kivits as its new chief executive officer, effective 1 July 2024. Kivits is now serving as president of corrugated packaging at paper and packaging company WestRock, overseeing all the company's business in Central America.

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Conifex curtails sawmill and planer operations due to transportation challenges
Conifex curtails sawmill and planer operations due to transportation challenges

Conifex announced the curtailment of its sawmill and planer operations for two weeks starting June 17, 2024. This decision follows ongoing weather-related transportation issues that have delayed spring log deliveries, resulting in lower-than-expected log inventories, according to the company.

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Tumut paper mill fined more than $200,000 for water pollution
Tumut paper mill fined more than $200,000 for water pollution

Visy Pulp and Paper Pty Ltd must pay more than $200,000 after untreated wastewater from their Tumut paper mill polluted local creeks in October 2022.

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WestRock, Smurfit Kappa Stockholders Approve Combination
WestRock, Smurfit Kappa Stockholders Approve Combination

WestRock Company, a leading provider of sustainable fiber-based paper and packaging solutions, announced that, based on the preliminary vote count, WestRock stockholders voted to approve the Transaction Agreement and other proposals related to the combination of Smurfit Kappa Group plc ("Smurfit Kappa") and WestRock (the "Combination") at WestRock's Special Meeting of Stockholders held earlier today (June 13).

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Metsä Group and Andritz start investigation on capturing wood-based carbon dioxide
Metsä Group and Andritz start investigation on capturing wood-based carbon dioxide

Metsä Group and the technology company Andritz will investigate the possibility of building a carbon capture facility in connection with the bioproduct mill. The work focuses on the capture of 4 million tonnes of carbon dioxide from a mill the size of the Kemi bioproduct mill. The Kemi mill is the largest wood-processing mill in the northern hemisphere.

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Hundreds evacuated from Kimberly Clark facility during fire
Hundreds evacuated from Kimberly Clark facility during fire

The cause is under investigation by the fire marshal's office.

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Pixelle Specialty Solutions Announces Significant New Funding
Pixelle Specialty Solutions Announces Significant New Funding

The recent financing, which includes new capital investment and amendments to the Company's credit facilities, was completed in collaboration with the Company's existing lenders and has substantially bolstered the Company's cash liquidity position.

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Suzano S.A. acquires a 15 percent stake in Lenzing from B&C Group
Suzano S.A. acquires a 15 percent stake in Lenzing from B&C Group

Under the terms of the agreement, Suzano will acquire a 15 percent stake in Lenzing from B&C and the two shareholders will form a long-term syndicate which will hold the majority stake (52.25 percent) in the company. Subject to the closing of the transaction, B&C will hold a 37.25 percent stake in Lenzing and keep the role as controlling member of the new syndicate, with Suzano holding the minority stake of 15 percent. The price per share will be EUR 39.70, with a total acquisition purchase price of EUR 230 million to be fully paid at closing.

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Displaying Articles 1 - 25 of 4406
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