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Displaying Articles 1 - 25 of 5313
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Weyerhaeuser completes $459 million timberland acquisitions and advances $410 million divestitures
Weyerhaeuser completes $459 million timberland acquisitions and advances $410 million divestitures

Weyerhaeuser Company reports it completed two timberland acquisitions valued at $459 million and advanced three divestitures of non-core properties totaling $410 million in expected proceeds. The company confirms the third divestiture will close in early 2026 and expects the total cash inflow from all sales to exceed the funds spent on the acquisitions.

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Sappi Europe completes closure of Alfeld mill assets, cuts 180 positions
Sappi Europe completes closure of Alfeld mill assets, cuts 180 positions

The measure will result in the reduction of approximately 180 positions through unfilled vacancies, voluntary agreements, and redundancies.

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Smurfit Westrock to close California corrugated facility, affecting 141 workers
Smurfit Westrock to close California corrugated facility, affecting 141 workers

Smurfit Westrock plans to permanently close a corrugated sheet and box facility in California, and 141 employees will be affected, according to a company worker adjustment and retraining notification letter the state.

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International Paper swings to quarterly loss on $1 billion impairment charge
International Paper swings to quarterly loss on $1 billion impairment charge

The company posted a net loss of $1.10 billion, or $2.09 per share, for the quarter ended September 30, compared with a profit of $150 million, or 43 cents per share, a year earlier.

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Kimberly-Clark beats quarterly sales estimates as demand holds for household staples
Kimberly-Clark beats quarterly sales estimates as demand holds for household staples

Net sales of $4.2 billion were in line with prior year with organic sales growth of 2.5 percent offset by divestitures and business exits.

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Domtar celebrates one year under united brand
Domtar celebrates one year under united brand

Domtar is proud to celebrate its one-year anniversary of uniting under a single brand: Domtar - The Fiber for the Future. The year has been one of expansion, achievement and living Domtar's new values.

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Clearwater Paper reports $53 million loss in third quarter
Clearwater Paper reports $53 million loss in third quarter

Company's stock prices drop as solid bleached board continues to be oversupplied.

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Weak pulp and paper demand cuts UPM's EBIT 47% in Q3, high wood costs and low pulp prices weigh on results
Weak pulp and paper demand cuts UPM's EBIT 47% in Q3, high wood costs and low pulp prices weigh on results

UPM-Kymmene reported a 47% decline in comparable EBIT to Euro 153 million in the third quarter of 2025 as weak global pulp and paper demand and elevated wood costs continued to pressure earnings. Group sales fell to Euro 2.3 billion, down from Euro 2.5 billion a year earlier.

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International Paper Cantonment mill spills nearly 2 million gallons of wastewater into Eleven Mile Creek
International Paper Cantonment mill spills nearly 2 million gallons of wastewater into Eleven Mile Creek

The Florida Department of Environmental Protection is reporting that International Paper in Cantonment spilled nearly 2 million gallons of treated wastewater and stormwater into Elevenmile Creek after heavy rain.

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Smurfit Westrock cuts profit forecast on weak U.S. demand
Smurfit Westrock cuts profit forecast on weak U.S. demand

The Ireland-headquartered company now expects full-year adjusted core earnings (EBITDA) to rise by between 4% and 8.5% to between $4.9 billion and $5.1 billion, from a previous $5.0 to $5.2 billion range.

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Crews respond to fire at Domtar's Meadow Lake Mechanical Pulp
Crews respond to fire at Domtar's Meadow Lake Mechanical Pulp

Chris Stoicheff with the mill said there are no reports of injuries. It is unknown how the fire started.

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Ahlstrom workers launch class action, claim wage shaving and overtime violations
Ahlstrom workers launch class action, claim wage shaving and overtime violations

Workers claim Ahlstrom shaved time and miscalculated overtime, sparking a class action in Wisconsin.

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Beach Energy Inks Gas Supply Deal With Visy
Beach Energy Inks Gas Supply Deal With Visy

Beach has partnered with prominent recycling and manufacturing company Visy through a new two-year natural gas supply contract.

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Worker dies following workplace incident in Smurfit Westrock Florence Co., South Carolina facility, officials say
Worker dies following workplace incident in Smurfit Westrock Florence Co., South Carolina facility, officials say

Separately, this week other defendants filed individual and collective motions to dismiss the containerboard price collusion lawsuit.

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Interfor shuts down Gogama sawmill for two weeks
Interfor shuts down Gogama sawmill for two weeks

Union head expects shift reduction, extended layoff of 25 workers come November.

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Chief Financial Officer of Metsä Board Corporation to change; Anssi Tammilehto appointed, Henri Sederholm will leave the company
Chief Financial Officer of Metsä Board Corporation to change; Anssi Tammilehto appointed, Henri Sederholm will leave the company

M.Sc. (Econ.) Anssi Tammilehto has been appointed Chief Financial Officer (CFO) and member of the Corporate Leadership Team of Metsä Board Corporation. He will start in the new position no later than February 2, 2026, and will report to CEO Esa Kaikkonen.

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Fire hits Enviva pellet dome holding 20,000 tons at Pascagoula port in Mississippi
Fire hits Enviva pellet dome holding 20,000 tons at Pascagoula port in Mississippi

A fire broke out Monday, Oct. 20, inside a wood pellet storage dome operated by Enviva at the Port of Pascagoula, triggering emergency efforts to control the incident and protect surrounding infrastructure.

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Georgia-Pacific completes acquisition of Anchor Packaging from TJC
Georgia-Pacific completes acquisition of Anchor Packaging from TJC

The acquisition includes Anchor Packaging's four manufacturing facilities in Jonesboro, Marmaduke and Paragould, Arkansas, and Janesville, Wisconsin, and the headquarters office in St. Louis, Missouri. Operated by approximately 1,250 employees, Anchor Packaging and its facilities now become a wholly owned subsidiary of Georgia-Pacific in the acquisition.

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B.C. hits Domtar mill with another wave of environmental penalties
B.C. hits Domtar mill with another wave of environmental penalties

The Skookumchuck, B.C., mill's latest $62,950 in environmental penalties is the third major enforcement action against the Kootenay facility this year.

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Kimberly-Clark contaminated New Milford, Connecticut waterways with PFAS, new lawsuit alleges
Kimberly-Clark contaminated New Milford, Connecticut waterways with PFAS, new lawsuit alleges

A new lawsuit is accusing the Kimberly-Clark Corp., a producer of paper goods for household brands such as Huggies, Kleenex and Scott, of contaminating local water sources, including the Housatonic River, with dangerous "forever chemicals" over the course of decades.

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Smurfit Westrock removed from price-fixing case, others file for dismissal
Smurfit Westrock removed from price-fixing case, others file for dismissal

Separately, this week other defendants filed individual and collective motions to dismiss the containerboard price collusion lawsuit.

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Layoffs expected after International Paper partners with outside IT firm
Layoffs expected after International Paper partners with outside IT firm

The Memphis-based company announced it is partnering with Infosys for its IT needs at its Packaging Solutions North America business.

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Saica Group breaks ground on $110 million facility in Anderson, Indiana
Saica Group breaks ground on $110 million facility in Anderson, Indiana

Spain-headquartered Saica Group says the $110 million project, covering the space of roughly six American football fields, should open by the end of 2026. It could employ more than 100 people once it's at full capacity. It will also serve as a backup plant for Saica Pack in the Cincinnati suburb of Hamilton, Ohio, enhancing the company's U.S. supply chain security.

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USG Workers Faces Life Sentence For Leaving Daughter To Suffocate To Death In Texas
USG Workers Faces Life Sentence For Leaving Daughter To Suffocate To Death In Texas

According to court documents, the tragic incident occurred on July 1, 2025, when Akayinode drove to her job at the USG Corporation mineral plant in Galena Park, a suburb of Houston, leaving her daughter inside the vehicle for more than eight hours.

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Senate committee advances Fix Our Forests Act to cut wildfire risk and boost timber access
Senate committee advances Fix Our Forests Act to cut wildfire risk and boost timber access

The U.S. Senate Committee on Agriculture, Nutrition, and Forestry has approved the Fix Our Forests Act (S. 1462) by an 18-5 vote. This bipartisan legislation aims to reduce the frequency and severity of catastrophic wildfires, expedite forest management projects, and address legal and regulatory barriers to timely wildfire response.

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Displaying Articles 1 - 25 of 5313
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