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Norwegian company Norske Skog has accepted a $27 million offer by Melbourne businessman David Marriner for the mill at Boyer, on the edge of New Norfolk in Tasmania's Derwent Valley.
Jussi Vanhanen, LLM, MBA, has been appointed as Metsäliitto Cooperative's new CEO. He will also be the President and CEO of Metsä Group. Jussi Vanhanen will start in his new position on 1 July 2025. Until 30 June 2025, the position will be held by Metsä Group's current President and CEO Ilkka Hämälä, who will then transfer to special duties within the company. These duties will continue until 23 October 2025, when he retires.
Norske Skog Saugbrugs and its insurance company has agreed on a final settlement of all remaining insurance claims related to the rockslide at the Saugbrugs site on 27 April 2023. The settlement amount of NOK 540 million will be jointly covered by the insurance company, the Norwegian Natural Perils Pool and the reinsurers.
Metsä Board, part of Metsä Group, announced in March 2024 that it will start a development programme to produce new products on the current uncoated white kraftliner production line (BM2) at its Husum mill integrate in Sweden. The aim was to find alternatives for uncoated kraftliner production.
ACTU President, Michele O'Neil has slammed Nippon Paper's Opal management, demanding an immediate end to the lockout of over 300 production workers from its Morwell Paper Mill in the Latrobe Valley.
Domtar's subsidiary company, Paper Excellence, entered into a settlement with the provincial government following the closure of the Northern Pulp mill in 2020. As part of the settlement, which resolved a $450-million lawsuit filed by Paper Excellence against the provincial government over closure, Domtar agreed to explore the viability of opening a new mill in Liverpool.
Investment doubles site's workforce, introduces industry-first equipment, and drives digital printing evolution.
UPM Raflatac has acquired Metamark, a UK-based company to further accelerate its growth in Graphics business. UPM Raflatac's existing Graphics business complemented with Metamark will strengthen UPM Raflatac's overall competitiveness, bring major synergies and make UPM Raflatac a significant player in the fast-growing, high value-added Graphics segment. The Enterprise Value of the transaction is GBP 146 million (approx. EUR 175 million).
A process malfunction at the Georgetown paper mill caused by freezing temperatures spread a sulfur odor through the city, officials said Tuesday.
On January 16, Opal Australian Paper locked out its entire manufacturing workforce of more than 300 workers at its Maryvale Mill in Victoria's Latrobe Valley. The company also stood down around 100 workers employed by contractors at the paper mill, with more third-party workers likely to be impacted as the lockout, now in its third week, continues.
Company officials said the contractor was working last month at the Skowhegan mill when he was seriously injured.
The company's expansion of its Ackerman sawmill will increase its production capacity from 120 million board feet per year to 300 million board feet per year. To facilitate the project, Southeastern Timber Products will install a new sawmill line, new dry kilns and storage facilities.
International Paper and DS Smith, two of the leading producers of sustainable packaging, containerboard and pulp products, combined forces on January 31, 2025 to create a new global leader in sustainable packaging solutions, focused on the attractive North American and EMEA regions.
International Paper announced the completion of its acquisition of DS Smith plc. The combined company creates a global leader in sustainable packaging solutions.
Veritiv Operating Company, a leader in specialty packaging distribution, announced that it has completed the sale of Veritiv Containers, the company's rigid packaging business (formerly All American Containers) to TricorBraun.
A notice that a Smurfit Westrock facility in Illinois is closing has been filed and that will result in 88 jobs disappearing.
Nearly 500 employees lost their jobs when the International Paper facility shut down without warning last fall.
Louisiana-Pacific has been fined $15,775 for stormwater and wetland violations, according to a Minnesota Pollution Control Agency (MPCA) enforcement investigation. The company operates a wood-board manufacturing facility in Two Harbors.
Greif to close two facilities, impacting 140 jobs, due to cost increases and declining demand. Production to cease by mid-2025.
Kelly Spicers, a leading West Coast distributor of paper, packaging, wide format products and facilities solutions, announced today that it has acquired Denver-based Creative Packaging Group, an independent packaging distributor with customers across the Rocky Mountain region.
The provincial government says the loan saves 2,500 jobs in the region, including 300 at the mill.
Union members at the Sappi Somerset mill in Skowhegan have come to a contract agreement after authorizing a strike earlier this month.
Province says it won't launch its own investigation after a prorogued Parliament wiped out a motion to summon Paper Excellence owner to testify.
The European Commission said the U.S. packaging company will divest five of its plants in Europe. These include three plants in France, one in Portugal and one in Spain.
The fire apparently started in a gearbox of a conveyor belt that moves wood chips to be processed, Skowhegan fire Chief Ronnie Rodriguez said.
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