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Klabin started up of the first paper machine (MP27) of the Puma II Project located in Ortigueira, Paraná, Brazil , which is its largest investment to date. With production capacity of 450,000 tons, MP27 launches production of Eukaliner, the world's first kraftliner paper made 100% from eucalyptus fiber.
Verso Corp. announced Tuesday it would continue considering Atlas Holding's offer to purchase the company if Atlas increased its offer to more than $20 per share.
This program replaces the existing $500 million share repurchase program authorized in February 2019.
Cumberland Wood Products and Prince Albert Pulp sign a Letter of Understanding that sets out the intentions of all parties to build a collaborative relationship with each other in Saskatchewan, Canada./p>
The new owners of the shuttered Ponderay Newsprint in Usk, Washington, have formally requested enough power to restart the mill and build what could be one of the largest cryptocurrency mining operations in the country.
RR Donnelley issued notice it would permanently close its Lewisburg plant in November, with an estimated 70 employees losing jobs.
Glass-Gard® interleaving papers protect automotive glass applications such as windshields, backlights, sunroofs, or side windows from scratching, breakage, abrasion and hazing prior to their installation in vehicles.
Metsä Group is planning to construct a new Kerto LVL mill on its expanding mill area in Äänekoski, Finland. The final decision on the investment, the value of which is approximately Euro 200 million, is pending the completion of a local detailed plan for the area. The new Kerto LVL mill is expected to use around 375,000 m3 of log procured from Finland.
Saica Group, a leading manufacturer of recycled paper for corrugated board, recently announced it will be investing $800 million in the U.S. market, growing through strategic acquisitions or new plant construction during the next five years. This growth follows last year's announcement of Saica's first U.S. corrugated plant in Hamilton, Ohio, scheduled to open in early 2022.
Ahlstrom-Munksjö announced it plans to temporarily idle No. 8 paper machine in December 2021 at its Rhinelander mill. It will also idle its No. 20 supercalender and No. 21 rewinder in July 2022.
Roger Stone, who built his family's paper firm into a $6 billion industry leader through leveraged acquisitions that ultimately forced its sale, died Sept. 12 at his Lake Forest home, according to his daughter, Karen Stone Kaplan. He was 86 and had been in failing health.
The Carlyle Group has consulted banks about either selling or taking Novolex public in a deal that would value the South Carolina-based packaging company at around $6 billion, news outlets reported this week.
Södra is now launching its complete offering for the assembly of cross-laminated timber (CLT) framing in Denmark. This is due to the high interest in Södra's products, and it represents the first step towards an establishment of the building systems in Europe. Kenny Holm will be Marketing Manager for the business in Denmark.
By switching from an unrecyclable plastic multi-layer material to paper-based packaging, the carbon footprint has been reduced significantly.
P&G publishes Climate Transition Action Plan and sets new science-based targets.
By joining these initiatives, Suzano is also taking part in the United Nations-supported "Race to Zero" campaign, which rallies for a zero carbon recovery.
Open innovation Company SOSA will run a four-month long program for Suzano, identifying growth opportunities and embedding advanced technologies in its Industrial IoT.
The incident occurred at the West Fraser Forest Products mill on South Byron Butler Parkway at approximately 3 a.m. Monday, Sept. 13. According to Perry Police Chief Jamie Cruse, the suspect entered the building with two guns, an AR style rifle and 9 mm handgun. He then fired multiple shots near the maintenance area.
Paper Excellence has announced that its Prince Albert facility has been granted a softwood fibre allocation of 1,033,564 cubic meters per year by the provincial government.
An inaugural, green, EUR 1 billion, Regulation S, senior, unsecured, dual-tranche offering with 8-year and 12-year maturities is expected to follow, subject to market conditions.
Global Win Capital Corporation (GWCC) ultimately owned by Shanying International, announced the appointment of Michael Grimm as its new president and chief executive officer. Grimm assumes day-to-day leadership of the North American business unit and underlying investment in North America which includes Phoenix Paper Wickliffe LLC. Mr. Grimm brings more than 30 years of relevant manufacturing experience to his new role.
Graphic Packaging International, LLC, the primary operating subsidiary of Graphic Packaging Holding Company, announced that it has entered into an agreement for $100 million aggregate principal amount of tax-exempt green bonds due 2061 with a mandatory purchase date of October 1, 2026 (the "Tax-Exempt Green Bonds"). The offering is being executed through the Michigan Strategic Fund ("MSF") Private Activity Bond Program.
The MM (Mayr-Melnhof) Group has appointed Päivi Suutari as the new Managing Director of MM Kotkamills. She will start in her role on October, 1.
Phoenix Paper finished a $5 million recommissioning project for its pulp dryer at its Wickliffe Mill. The addition of the pulp dryer will allow Phoenix Paper to more efficiently operate the back end of the mill, as well as add a secondary product of baled pulp.
Pactiv Evergreen Inc. announced that its wholly-owned subsidiary, Pactiv Evergreen Group Holdings Inc. has reached a definitive agreement to acquire Fabri-Kal, a leading manufacturer of foodservice and consumer brand packaging solutions.
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