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UPM has signed an agreement to sell its Shotton newsprint mill site in North Wales, United Kingdom and all related assets to Eren Paper Ltd, a subsidiary of Modern Karton Sanayi Ve Ticaret A.Ş., the containerboard and corrugated packaging business of the Turkish industrial conglomerate Eren Holding ("Eren").
BTG Pactual announced that a consortium led by its Timberland Investment Group (TIG), along with British Columbia Investment Management Corporation (BCI), one of Canada's largest institutional investors, and APG, one of the world's largest pension providers, has agreed to acquire Chilean timberland assets from Arauco for US$ 385.5 million.
Graphic Packaging Holding Company, a leading vertically-integrated provider of sustainable fiber-based consumer packaging solutions, and CVC Capital Partners Fund VI today announced a definitive agreement under which Graphic Packaging will acquire AR Packaging Group AB ("AR Packaging"), Europe's second largest producer of fiber-based consumer packaging, for approximately $1.45 billion in cash, subject to customary adjustments.
A federal bankruptcy judge gave final approval Thursday to the sale of the shuttered Ponderay Newsprint mill in Usk to Allrise Capital Inc.
According to plant manager, Paul Nelson, an employee was offloading a rail car at around 6:30 a.m. when a corrosive chemical splashed on him. Nelson said the employee was wearing PPE and did undergo a chemical wash.
Based on the current number of shares outstanding, the special dividend will result in an aggregate distribution of approximately $130 million.
Suzano, a global reference in the production of bioproducts developed from the cultivation of eucalyptus, announces the construction of a new plant with annual production capacity of 2.3 million tons of eucalyptus pulp.
Gov. John Bel Edwards and Weyerhaeuser announced the company plans to make a two-phased capital investment in its Holden facility. The project would result in approximately $157 million invested over several years to upgrade equipment and modernize the sawmill. Phase one includes nearly $19 million to upgrade lumber kiln-drying capacity, while the second phase will include a major investment of approximately $138 million to completely modernize the facility.
Company executives, Gov. Tate Reeves and Grenada County officials announced the $12.9 million investment.
Sonoco announced an agreement to repurchase $150 million of its outstanding common shares in an accelerated share repurchase ("ASR") transaction with Wells Fargo Bank, N.A., using available cash on hand.
Governor Brian P. Kemp announced that Interfor, a forest products company and the largest lumber producer in the state, will invest $30 million in expanding their sawmill operations in Perry.
Canadian paper and packaging company Paper Excellence will buy U.S rival Domtar Corp in an all-cash deal valued at about $3 billion, the companies said on Tuesday.
Sustainable packaging leader DS Smith, bolstering its commitment to accelerate its work in the circular economy, announced today a $140 million investment in research and development, including developing new materials to replace plastics and a testing program to strengthen corrugated cardboard and reduce G-force shock in home delivery packaging.
Local aid helps close the funding gap as ST Paper negotiates to purchase Verso Corp.'s Duluth mill and convert it to tissue production.
South Carolina environmental officials are demanding that the New-Indy mill in Catawba lower gas emissions that are making the area smell like rotten eggs.
Drax Group will begin constructing the first of three new "satellite" pellet plants in Arkansas. The plants are together expected to produce around 120,000 metric tons of sustainable biomass pellets a year from sawmill residues, supporting the renewable energy company's plans to increase self-supply to its power station in the UK.
The Verso mill was the largest employer in Wisconsin Rapids, with 905 employees, until June 2020 when the mill closed.
Interfor is announcing a $35-million improvement project in its Castlegar facility, according to vice-president of western operations Andrew Horahan.
West Fraser plans to invest roughly US$150 million at five of its U.S. South lumber mills under its strategic capital program. Already, it's increasing the number of working shifts at mills where possible, the company said.
DS Smith, the FTSE 100 sustainable packaging company, today announced a £100m R&D and innovation package to accelerate its work in the Circular Economy. The new investment over five years includes the creation of a new breakthrough technologies hub in the UK, new materials development to replace plastics and a pilot to gauge G-force shock in home delivery packaging.
Ahlstrom-Munksjö will invest EUR 58 million in a new glass fiber tissue production line in the U.S. to support the flooring industry in North America. The investment will further strengthen the company's position as a leading global supplier of high performance materials. The new line will produce a full range of glass fiber tissue nonwovens with a main focus on Luxury Vinyl Tiles and Vinyl sheet materials. Customer deliveries from the new line are expected to start in mid-2023.
With stores, consumers well-stocked on toilet paper, company plans a temporary pause.
Following a proposed conversion, ST Paper expects to employ at least 80 people at the Duluth mill.
Clearwater Paper has filed a civil case in Nez Perce County District Court against Valmet, a company that sold it some equipment used in a $160 million upgrade at the company's Lewiston operations.
Domtar is unlikely to see a higher bid than the mid $50s/share that Paper Excellence is reported to have bid, according to KeyBanc.
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