A consortium including Bain Capital said on Thursday, Sept. 24 it was offering to buy specialty paper maker Ahlstrom-Munksjo Oyj in a deal valuing the Finnish firm at around 2.1 billion euros ($2.45 billion).
When a major U.S. paper producer decided over the summer to shut two of its mills, citing the drop in demand for paper amid the coronavirus pandemic, it sent reverberations through a region that is highly reliant on its timber industry.
As a company, Mondi's goal is to continuously delight their customers with innovative and sustainable packaging and paper solutions. To do that, they wanted to get closer to their customers to better understand their unique needs and provide them with tailor-made information, in a way that is scalable and future-proof.
Stora Enso will start codetermination negotiations with employees at its Hylte Mill in Sweden regarding a plan to reorganise the mill, including permanent closure of paper machine PM3 and the deinking plant (DIP).
Mondi is launching a fully recyclable 80% paper-based packaging solution for cold meats and cheese. The new packaging will reduce plastic usage for Austrian dairy producer SalzburgMilch by approximately 40 tonnes per year, compared to its previously used rigid plastic trays.
Over the last two years, Domtar has evaluated the merits of repurposing key paper machines as we adjust our white paper production capacity to match our customer demand. That's why we recently announced we are converting our Kingsport, Tennessee, paper mill into the company's first containerboard facility.
The investment of approximately Euro 10 million enables the development and production of paperboard with barrier properties that are easier to handle in a recycling process, have a lower carbon footprint and can be compostable in industrial facilities.
Shandong Century Sunshine Paper Group Co. Ltd. is a modern enterprise that focuses on papermaking, printing, and packaging.To improve its business processes and achieve more-efficient collaboration between production and marketing, Century Sunshine has embarked on a new digital transformation journey.
Due to market conditions that remain unfavorable, after a 6-month temporary shutdown, Kruger Specialty Papers is forced to permanently shut down its newsprint, specialty papers and pulp production at its Brompton Mill. However, the water treatment plant will continue to operate and the biomass cogeneration plant will restart.
R.R. Donnelley & Sons Company announced that it has signed a definitive agreement to sell its DLS Worldwide Logistics business to TFI International for $225 million in cash, subject to a customary working capital adjustment.
Packaging Corporation of America PKG had ramped down its DeRidder containerboard mill operations before the arrival of Hurricane Laura. On Aug 27, the storm made landfall approximately 100 miles south of the company's containerboard mill in Louisiana. Notably, the storm did not make any significant property damages to the mill.
LSC Communications, Inc. announced that the Company has entered into a stock and asset purchase agreement with an affiliate of Atlas Holdings LLC with the support of certain of LSC's secured creditors.