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As a precaution, a part of the mill was evacuated.
The companies will collectively establish and contribute a total of $1.185 billion to a settlement fund.
UPM made its decision to invest in the Paso de los Toros pulp mill in 2019.
The closure will take place during the fourth quarter of 2023 and affect 89 people, of whom 50 will be made redundant.
DS Smith Cartogal packaging plant located in the town of A Pobra do Caramiñal, in Galicia, Spain, will soon see an increase in size, production and storage capacity after a milestone investment of Euro 11.35 million.
It was reported on Monday Mondi said it terminated a 95 billion rouble ($1.17 billion) deal to sell its largest plant in Russia to an investment vehicle owned by Russian billionaire Viktor Kharitonin due to a "lack of progress" in getting approvals.
UMC Print has been a leading trade-only printer and provider of commercial printing services since 1936.
Elopak has announced that it will build a new plant in the USA to better serve its customers in the Americas and accelerate growth in the region. The new plant will allow Elopak to build on an already strong track record of organic and profitable growth driven by high customer demand in the region.
The closures come just five months after senior governments contributed $18.8 million to support the Crofton mill and its jobs.
North Carolina Attorney General Josh Stein toured Canton on Wednesday morning. Along with Mayor Zeb Smathers, he walked in the shadow of the soon-to-be shuttered Pactiv Evergreen paper mill. He said Pactiv Evergreen is in violation of a contract it signed for a $12 million state grant promising the plant would stay open through next year. And Stein said the state will enforce its rights under that contract.
Visy has unveiled a major $48 million upgrade to its recycling and remanufacturing facility on Gibson Island in Brisbane.
Notice comes as Paper Excellence executives grilled by members of Parliament.
Action taken as part of Company's Turnaround Strategy to Divest Unprofitable Non-Core Assets.
Mercer to acquire substantially all of Structurlam's assets, including its state-of-the-art mass timber facility in Conway, Arkansas, cementing Mercer's position as a leading mass timber provider in North America.
In light of what happened, Mativ suspended operations at the Whiting facility for one week.
Connecticut-based Atlas Holdings to close deal with Resolute on mill later this year.
Shortly after buying the facility in 2018, ND Paper announced it would invest $189 million in the Biron mill. The company pointed to growth in packaging and e-commerce, as well as consumer demand for more sustainable products, for the changes it has made.
UPM Fibres prepares to temporary layoff personnel of the Kaukas pulp mill, sawmill and wood reception for a fixed term period. The possible temporary layoffs could take place in several periods and would last a maximum of 90 days. The total number of employees covered by the employee consultations is approximately 370.
Stylecraft is a trade only printer since 1967 specializing in business forms, integrated products and commercial printing.
After over a century of service providing the town with thousands of jobs, the Canton paper mill sounded its final bell May 24, signaling the permanent closure of the iconic site.
Conifex Timber Inc. announced that it has made the difficult decision to take unscheduled downtime for four weeks at its Mackenzie, British Columbia sawmill commencing June 5, 2023. It is anticipated that the unscheduled downtime will impact production capacity by approximately 16 million board feet.
Klabin, the largest producer and exporter of paper for packaging and sustainable solutions in paper packaging in Brazil, celebrates this month the 25th anniversary of the first certificate (1998) of excellence in forest management granted by Forest Stewardship Council® (FSC), when it became the first Brazilian company in the pulp and paper sector in the Southern Hemisphere to obtain the seal.
Mitch Butier has decided to retire as CEO, effective September 1; will remain as Executive Chairman Deon Stander appointed President and Chief Executive Officer
Amcor, Delterra, Mars and P&G jointly announced the launch of a strategic partnership to stem the tide of plastic pollution in the Global South. These global leaders will work together to scale upstream and downstream solutions for a circular plastics economy, jointly committing $6 million USD over five years.
UPM Biochemicals and URSA, one of the leading producers of glass wool and mineral wool in Europe, today announced the development of more environmentally friendly building insulation that will help to reduce energy consumption and lower CO2 emissions.
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