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Saica Pack successfully manufactured more than 1 million square meters worth of corrugated cardboard at its Thrapston facility near Northampton, the UK.
Klabin started construction on its new terminal on the quay of the Port of Paranaguá in Brazil. In this phase, the project is expected to create 180 new jobs. Once the terminal starts commercial operations, it will require around 170 direct and indirect employees.
At Verso's second quarter earnings conference call Friday morning, Randy Nebel, Verso's president and CEO, said the special committee is made up of two non-executive parties and "disinterested parties" and retained independent advisors to evaluate the proposal from Atlas Holdings LLC and any other options Verso might have. The committee will then make a recommendation to the Verso board.
The name Sylvamo speaks to the company's connection to trees and highlights its role as a steward of sustainable forests. Sylvamo combines the Latin words for forest, "silva," and love, "amo." Company leaders translate this unique combination as "love of forests."
Klabin has announced investments of R$ 40 million ($8 million) in the technology employed to apply dispersible barrier in the paperboard used to produce diverse types of packaging present in everyday life.
Gov. John Bel Edwards and Interfor on Friday announced the company's plans to spend up to $8 million to revive the old Georgia-Pacific sawmill near DeQuincy.
The Kwidzyn business has approximately 2,300 employees with an annual capacity to produce 740,000 metric tons of folding boxboard, uncoated freesheet, specialty kraft papers, and market pulp on four machines.
Verso says its requirements were over when the mill was sold and the new owner started making electricity payments.
"A PCA employee died at the Counce Mill in Counce, Tennessee as a result of a clamp truck accident. Our condolences and prayers are with his family and others in his life."
Charles Swanson, an architect for the project, said the facility would be one of the two largest facilities of its kind in North America. Atlantic Packaging is building a similar facility in Canada.
The expansion comes as a result of an increase in global shipping and logistics needs and will include an addition of more than100,000 square feet to Pratt's existing facility. Upgrades will include new machinery, new scrap recycling system, waste water system and additional warehouse space.
The Mayr-Melnhof Group ("MM") announces the closing of the divestment of its virgin fiber-based cartonboard mills located in Eerbeek, Netherlands, and Baiersbronn, Germany, to a subsidiary of funds managed by Oaktree Capital Management, L.P. The divestment is in line with MM's strategy to focus on new acquisitions and growth capex.
Interfor is expecting production disruptions at its British Columbia Interior, Canada, sawmills during the 3Q 2021 due to the ongoing impacts of wildfires and other factors on log supply.
Platinum Equity announced that it has completed the acquisition of McGraw Hill, a global leader in educational content and digital platforms, for a purchase price of approximately $4.5 billion.
MM strengthens its position in virgin-fiber based cartonboard and innovative barrier cartonboard solutions for plastic replacement.
"It will be the world's most advanced, environmentally-friendly 100% recycled paper mill," said company owner and executive chairman Anthony Pratt. "And it means Pratt Industries will have built 6 of the last 8 paper mills in the United States."
The company plans to acquire and install by the spring of 2022 an Engico Jumbo Flexo Folder Gluer from Haire Group that converts corrugated scored sheets into boxes.
Pratt Paper, a part of sustainable packaging company Pratt Industries, is planning to invest $400 million in a paper mill in Henderson, Gov. Andy Beshear announced Thursday -- resulting in 320 high-paying full-time jobs.
Stockholders of Domtar Corporation today approved a proposal to adopt a business combination with Paper Excellence B.V. whereby Karta Halten B.V., an affiliate of Paper Excellence, will acquire all of the issued and outstanding shares of Domtar common stock for $55.50 per share in cash pursuant to an agreement and plan of merger dated May 10, 2021 (the "Merger").
Metsä Board, part of Metsä Group, invests EUR 210 million in increasing folding boxboard capacity at its Husum mill in Sweden. The company is responding to growing demand for sustainably produced packaging materials that support the circular economy. The investment strengthens Metsä Board's position as the leading producer of folding boxboard in Europe.
BillerudKorsnäs is in a process with the aim of divesting the paper mill in Beetham, UK. The process is ongoing and no binding agreement to divest the mill has yet been entered into. Since BillerudKorsnäs' machine glazed (MG) paper business has primarily been focused in Skärblacka, the strategic importance of Beetham to the rest of the group has been reduced.
As a minority partner, Green Bay Packaging is in full support of CompanyBox's growth.
As a result, Pactiv Evergreen will permanently cease production of coated groundwood paper at its Pine Bluff, AR location by October 31, 2021.
Gov. John Bel Edwards, Hunt Forest Products co-owner James D. Hunt and Tolko President and CEO Brad Thorlakson announced that the companies will develop a new $240 million sawmill in Bienville Parish. Resulting from the collaboration of these two companies, the joint venture company will create 130 direct new jobs, with an average salary of $57,400, plus benefits. Louisiana Economic Development estimates the new sawmill will result in 387 indirect jobs for a total of more than 500 new jobs in Louisiana's Northwest Region. Approximately 300 construction jobs will be created.
This decision follows a series of investments announced by the group in the last few years to strengthen the company's industrial platform and support demand growth in the industrial and engine filtration industry globally. Recent investments to strengthen the platform include a new saturator in Madisonville, Kentucky, US; a machine rebuilt in Binzhou, China; capacity expansions in Fabriano, Italy and Malmedy Belgium; and a new micro glass line in Turin, Italy.
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