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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.
Metsä Board announced an investment of Euro 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 company has not said how it would finance its proposed $350M reopening plan.
Sylvamo is in the process of being spun off into an independent, publicly-traded company. It will produce a variety of paper materials.
Another milestone on the path to targeted reduction of wastewater emissions.
A newly formed company, Roaring Spring Park, LLC, has just closed on the facility and has been actively involved in identifying and supporting potential uses for the plant and the site, including restarting the paper mill and/or repurposing the assets.
Glatfelter Corporation announced that it plans to acquire Jacob Holm, the leading manufacturer of spunlace nonwoven fabrics, for approximately $308 million.
Group of investors hope paper mill can resume operations.
Rayonier Inc. has sold the rights to manage two timber funds (Fund III and Fund IV) that were previously managed by its Olympic Resource Management (ORM) subsidiary, as well as its co-investment stake in both funds, to BTG Pactual's Timberland Investment Group (TIG) for an aggregate purchase price prior to closing costs of $35.9 million. The transaction will be reflected in third quarter financial results.
Stora Enso's pilot facility for producing bio-based carbon materials from lignin has started operations. This follows the company's EUR 10 million investment announced in 2019. Pilot production of Lignode® by Stora Enso, wood-based carbon for batteries, is currently being ramped up. Applications include electric vehicles and consumer electronics as well as large-scale energy storage systems.
The Vancouver-based lumber producer says about 115 million board feet of capacity will be reduced during the third quarter due to significant supply chain challenges and a transportation backlog.
Sappi said earlier it's not pleased over the mayhem going on, so the Sappi Saiccor, Tugela and Stanger Mills in KwaZulu-Natal temporarily ceased production as of Monday 12 July. They will resume once it is safe and practical to do so. Work on the nearly completed Saiccor expansion and upgrade project was suspended as of Friday 9 July.
Procter & Gamble's Fabric & Home Care division aims to reduce plastic faster in journey to create fully bio-based bottle along with group of innovators to become part of the solution for sustainable packaging.
Pregis, a leading global manufacturer of protective packaging, is announcing a $80 million investment in a new, state-of-the-art blown film extrusion facility in Anderson, South Carolina.
DS Smith Plc. announced Friday the proposed sale of its De Hoop paper mill in the Netherlands to De Jong Packaging for 50 million euros or about 43 million pounds in cash.
Hygiene and health company Essity presents new and updated sustainability targets including a commitment to develop targets to reach net-zero greenhouse gas emissions by 2050 at the latest. This includes raising the ambition level of Essity's current Science Based Targets. Other updated targets include sustainable innovations, occupational safety and responsible sourcing.
After a period of time to ramp up production, the machine is expected to resume full operation in January 2022, allowing Domtar to add 185,000 tons of uncoated freesheet capacity to its manufacturing network. The strategic initiative will help the company maintain its leadership position in the North American uncoated freesheet paper market and deliver the service and quality its customers expect. The company estimates the restart will cost approximately $10 million.
International Paper has released its 2020 Global Citizenship Report. One of the world's leading producers of fiber-based packaging, pulp and paper, the company shares the final progress it made against its 2020 goals and outlines its approach to sustainability across its value chain.
Sappi says it's not pleased over the mayhem going on, so the Sappi Saiccor, Tugela and Stanger Mills in KwaZulu-Natal temporarily ceased production as of Monday 12 July. They will resume once it is safe and practical to do so. Work on the nearly completed Saiccor expansion and upgrade project was suspended as of Friday 9 July.
Verso does not intend to make any additional comments regarding the proposal or any other related matter or potential transaction unless and until it is appropriate to do so or a formal agreement has been reached.
A Brazilian judge has authorized pulp maker Paper Excellence to conclude the acquisition of Eldorado Brasil Celulose SA, the Brazilian company said in a securities filing.
William Douglas Gregg was killed in a workplace accident at the J.D. Irving Sawmill in Feb. 2016.
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