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Verso Corporation announced the filing of a preliminary proxy statement for a special meeting of stockholders, at which Verso stockholders will consider and vote upon various items related to the proposed and previously announced transaction with BillerudKorsnäs AB. If approved, all Verso stockholders will receive $27.00 per share in cash upon closing of the transaction, representing immediate and certain value at a significant premium.
Officials said the bitter-cold temperatures slowed their efforts when water lines froze on their trucks.
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The Finnish Paperworkers' Union has issued a new strike announcement to UPM, declaring that their strike at UPM's Finnish mills will be extended by two weeks until 19 February 2022, unless new agreements are reached before that. The Paperworkers' Union's strike at UPM Pulp, UPM Biofuels, UPM Communication Papers, UPM Specialty Papers and UPM Raflatac units in Finland started 1 January 2022.
Appvion, LLC, a portfolio company of Wynnchurch Capital, L.P., announced that it has appointed Laurie D. Andriate as Chief Executive Officer, succeeding George Wurtz upon his retirement.
These price increases are in response to strong demand across the Greif paperboard and converting network and inflationary cost increases in energy, labor, transportation, maintenance, chemicals and other raw materials.
The news could upend R.R. Donnelley's agreement to be bought by Chatham Asset Management LLC for $10.85 a share.
For the third consecutive year, Cascades has been recognized as one of the world's 100 most sustainable corporations, according to the prestigious Global 100 index, produced by media, research and financial information products company Corporate Knights. Cascades ranks 18th among the 6,914 public companies analyzed worldwide with more than $1 billion in revenues and first among the 34 other organizations in the Packaging category.
Rayonier Advanced Materials Inc., a global leader in the production of high purity cellulose pulp, announced the introduction of a second generation (2G) bioethanol product for Europe's fast-growing biofuels market.
According to the Pixelle company on, 1/17/22 at 10:38 PM there was a fire in an outlying building in the back of the Chillicothe paper mill property. Mill resources were called and the City of Chillicothe Fire Department responded and quickly extinguished the fire.
The fire did not impact the mill's operation, said Brennan Burks, corporate communications director for ND Paper. Mill officials suspended work temporarily in the boiler house area for safety reasons, Burks said. There were no reported injuries.
Investment will expand capacity and innovation capability at its production site in Ceará.
Finnish plywood manufacturer Koskisen is the first company to start using the bio-based binder NeoLigno® by Stora Enso in its new sustainable product family. Koskisen and Stora Enso's co-operation has resulted in the world's first entirely bio-based furniture board, called Zero Furniture Board.
Two of the country's largest pulp and paper unions, Unifor and the Public and Private Workers of Canada (PPWC), have reached a tentative deal with Canfor that establishes the pattern for Western Canadian forestry.
The former Clearwater Paper Company mill in Fox Crossing is under new ownership. K-K Integrated Logistics of Menominee, Michigan has purchased the plant along Lake Street. The company is proposing to turn a six-story section of the mill into apartments. The rest of the space could be converted into a warehouse. Trilliant Food and Nutrition will be moving into another warehouse on that site this spring.
In addition to causing cancer, the compound known as dioxin can also cause reproductive and developmental problems, damage to the immune system and interfere with hormones. It's sometimes produced by chlorine bleaching of pulp and paper.
Establishes first North American large-scale natural fibre processing facility to match rapid growth in North American hemp production.
RRD said it is not aware of any compromise of client data at this time.
Rayonier Advanced Materials, Inc., a global leader in the production of high purity cellulose pulp, announced that it has achieved International Sustainability and Carbon Certification Plus (ISCC+) recognition at its Fernandina Beach facility.
Norske Skog Saugbrugs, Nortømmer and Viken Skog have together established the company Tømmerterminal Hauerseter, which is a privately owned sideport terminal for loading timber by rail. The Minister of Transport and Communications Jon-Ivar Nygård will officially open the newly established timber terminal at Hauerseter on Wednesday 19 January.
Hoak, which has a 8.2% stake in Verso and appears to be among the company's top five holders, said it would be better for the company to remain independent and plans to vote again the announced sale.
Georgia-Pacific has announced the acquisition of property in Centralia, saying in a news release it intends to expand its corrugated packaging operations in the Pacific Northwest.
UPM Raflatac and WWF Poland have renewed their contract to build a smarter future beyond fossils together.
Celadon will convert recycled mixed paper and old corrugated cardboard into a reusable and exportable fiber sheet to supply middle-market paper manufacturers in China. The company's paper products will be produced using a paper mill dryer system from waste cardboard at a more efficient cost than bleached paper, utilizing a technology that has been widely used around the world but will be the first of its kind in the United States.
Officials have recovered a body that was reported in a retention pond at Georgia-Pacific's facility in Brunswick.
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