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Due to uncompetitive wood prices from the Polish State Forests' monopoly and low market demand across paper and board products, the company decided to significantly reduce the planned multiannual strategic investment project at MM Kwidzyn relating to energy, further pulp integration and the product range, which was announced end of April 2023. Instead, MM Kwidzyn will focus its investments on increasing its already high share of renewable energy of currently 69 % even further.
Smurfit Kappa, a paper-based packaging company, has announced it will make a $68 million investment and create 200 new jobs in Anderson County.
As required by the Takeovers Code in Hong Kong, Essity has today confirmed that discussions are ongoing with a number of interested parties in respect of a potential transaction regarding Essity owned shares in Vinda. No decisions relating to the future ownership of Essity's Vinda shares have been made. Vinda has made a public announcement as required by local laws.
DS Smith unveiled a major investment to transform the paper mill's energy supply at its site in Normandy, near Rouen. The project includes replacing the coal-fired boiler with a new biomass boiler that will reduce the site's emissions by 99,000 tonnes of CO2 per year.
With its new production line in the Oulu Mill in northern Finland, Stora Enso will increase its capacity and produce 1.2 million tonnes of sustainable packaging materials in one site starting from 2025.
Kronospan has executed an asset purchase agreement with Roseburg Forest Products to acquire Roseburg's Simsboro, Louisiana, particleboard facility. Completion of the acquisition is subject to customary closing conditions, including receipt of regulatory approvals.
Canfor Corporation will curtail operations at its Polar Sawmill located in Bear Lake British Columbia, north of Prince George, following an orderly wind-down. The curtailment is the result of a shortage of economically available fibre in the region and is expected to be in place for a period of approximately six months.
The company cited "the difficult business environment in the newsprint sector" as the reason.
U.S. cities, towns and water districts have challenged proposed class action settlements worth more than $11 billion with 3M, DuPont de Nemours and others, arguing the deals are too generous to the chemical companies accused of contaminating U.S. water with toxic "forever chemicals."
The Maine Bureau of Unemployment Compensation has awarded 80 striking workers at Woodland Pulp eligibility for unemployment benefits after the paper mill hired temporary workers to fill the empty positions.
A move by RGE could add a new dimension to the bidding for Essity AB's 52% stake in Vinda, which has drawn bidders such as Suzano SA, the world's largest producer of hardwood pulp from Brazil. Buyout firms Bain Capital, CVC Capital Partners and DCP Capital also advanced in the process, it was reported in August.
The net investment amount for the conversion project at Norske Skog Golbey will increase from EUR 265 to 300 million.
Huhtamaki's subsidiary in India has recently consolidated five manufacturing sites into larger local units. Following the reorganization, the company has sold its real estate in Thane, India, from where a manufacturing facility and offices have been transferred.
Cascades deeply regrets and is saddened to announce the death of one of its cofounders, Mr. Bernard Lemaire, at the age of 87.
The owner of a Whiting paper mill faces a fine of more than $55,000 from federal inspectors after an employee's arm got stuck in a machine and he died earlier this year.
Progroup AG and Sappi Stockstadt GmbH signed a contract to take over the site of the paper and pulp mill in Germany. Terms of the deal were not disclosed.
For over 70 years, TriState has provided corrugated packaging products and services to customers located in the Northeastern United States.
Clearwater Paper Corporation reported that it temporarily suspended certain manufacturing operations at its Lewiston, Idaho facility. An incident impacting the regional natural gas system has resulted in the disruption of natural gas deliveries to the mill and the surrounding areas.
The Company's current operations in Lathrop, CA, will relocate to this new facility, which includes office space and 190,000 sq. ft. enclosed warehouse served by rail.
Complaint claims Paper Excellence ineligible for credential due to alleged ties with Indonesian conglomerate.
MM Kotkamills has completed the change negotiations regarding the company's sawmill that started in September. After the negotiations, it has been decided that the sawmill will be closed permanently.
Mark McHugh named President and CEO, effective April 1, 2024.
Targeting $1 billion of select asset sales over the next 18 months.
Nonwovens Industry recently named Kimberly-Clark as a Top 40 Nonwovens Industry Company in recognition of the role nonwovens continue to play as a key driver of innovation and growth for both our business and brands.
UPM supports the third and final phase of the Hiitolanjoki river restoration project in South Karelia, where the dam of the Ritakoski hydropower plant was demolished and the rapid restored. The restoration will allow Ladoga's landlocked salmon to rise to its old spawning waters and improves the status of the aquatic habitat of the river.
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