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Firemen removed a portion of a metal roof to attack the fire. There was no word on the extent of the loss.
Mercer International Inc. announced its 35% Greenhouse Gas reduction target by 2030 has been approved by the Science Based Targets initiative (SBTi) as consistent with the levels required to meet the goals of the Paris Agreement. The approval formally recognizes Mercer as a leading company and the first in Canada and one of the first North American companies in the forest and paper products sector with approved targets.
Conciliator Leo Suomaa has submitted settlement proposals to five businesses in collective bargaining between UPM's businesses and the Paperworkers' Union. The conciliator has asked the parties to state their position on the proposals on April 22, 2022, at 16:00 EEST. The proposals are to be approved or rejected as a whole.
Canfor Corporation will invest approximately $130 million to significantly upgrade and expand its sawmill and planer facility located in Urbana in Union County, Arkansas. The investment will capitalize on the abundant supply of high-quality fiber to enhance the manufacturing of high-value products, increase annual production at the facility by 115 million board feet, and result in a meaningful reduction in the facility's cost structure.
Weyerhaeuser Company announced an agreement to purchase 80,800 acres of high-quality timberlands in North and South Carolina from a fund managed by Campbell Global for approximately $265 million.
UPM and the Paperworkers' Union have not been able to come to new collective labour agreements. Today, April 14, the union turned down four settlement proposals submitted by the conciliator. The exceptionally long strike at UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac and UPM Biofuels units in Finland continues.
Huhtamaki has decided to initiate the process to divest its operations in Russia. This follows an earlier decision to stop all investments in Russia at the outbreak of the invasion of Ukraine. Huhtamaki considers that the current evolution of the situation and the long-term outlook in Russia will prevent the realization of its growth strategy and long-term ambitions in the country.
Saica Group has started its production of corrugated packaging in its new plant in Hamilton, Ohio. The Hamilton facility is Saica's first U.S. corrugated plant, a newly-built 360,000 square-foot building, which includes manufacturing, converting and production areas, along with a warehouse and office space.
Continues to Recommend Stockholders Vote "FOR" Three Nominees for Election to the Board at the 2022 Annual Meeting.
Mondi's paper bag production volume in Egypt will increase by around 150-180 million bags annually.
"We're very honored to be in Cedar Hill and we're committed to the great state of Texas - in fact this is our fifth box factory here," Anthony Pratt, executive chairman of Pratt Industries, said in a statement. "We have long prided ourselves on the fact that we employ 11,000 Americans in well-paying, green-collar manufacturing jobs and we have now invested in America to the value of $10 billion. Cedar Hill will be our 71st factory in the U.S.A."
The Mill is located on an approximately 30-acre leased site on the Fraser River in Delta, B.C. The Mill was built in 1963 and was acquired by Interfor in 2001 from Primex Forest Products.
Conciliator Leo Suomaa has submitted a proposal for UPM Biofuels in the collective labour negotiations with the Paperworkers' Union. The conciliator has asked the parties to state their position on the proposal by 14 April 2022 at 10:00 EEST, which is also the deadline for the settlement proposals for UPM Pulp, UPM Specialty Papers and UPM Raflatac, given earlier by the conciliator.
Company also introduces digital pre-print and two-color print capabilities, additional mailer sizes to meet needs of e-commerce companies seeking a recyclable packaging option.
Huhtamäki Oyj's President and CEO Charles Héaulmé will resume his duties on April 19, 2022. On December 21, 2021, Huhtamaki announced that he was diagnosed with cancer and had to take a leave of absence. Thomas Geust, who has acted as interim Deputy CEO, will continue in his role as CFO.
Conciliator Leo Suomaa has submitted proposals for UPM Specialty Papers and UPM Raflatac in the collective labour negotiations with the Paperworkers' Union. The conciliator has asked the parties to state their position on the proposals by 14 April 2022 at 10:00 EEST, which is also the deadline for the settlement proposal for UPM Pulp, given earlier by the conciliator.
Weyerhaeuser has broken ground on its new 7,860-square-foot building that will serve as its regional timberlands office.
The conciliator has announced that the conciliation between UPM Communication Papers and Paperworkers' Union has been interrupted, as the parties' views are still far apart. At the same time, the conciliator announced that the conciliation in UPM Specialty Papers, UPM Raflatac and UPM Biofuels continues. For UPM Pulp the conciliator has already submitted a settlement proposal.
WestRock says the Panama City mill would "require significant capital investment" to maintain and improve. The press release on the WestRock website says, "By closing this mill, significant capital that would be required to keep the mill competitive in the future will be deployed to improve other key assets."
There were no reported injuries and officials are still working to figure out what started the fire.
Antalis has signed a binding offer to acquire BB Pack Group in Germany - BB Pack, cr8 Packaging and Printmate. The offer is subject to the satisfaction of customary conditions precedent, including the approval of the German competition authority.
Amcor offering US$250,000 investment to winners.
Enviva Inc. announced it will invest approximately $250 million in Bond, Mississippi to build a new wood pellet production plant. The facility is a key component of the company's growth strategy to double production capacity from the current 6.2 million metric tons annually to approximately 13 million metric tons annually over the next five years.
West Fraser Timber Co. Ltd. announced that it will permanently reduce capacity at its pulp mill in Hinton, Alberta ("Hinton Pulp") by the end of this year. One of Hinton Pulp's two production lines will shut, and the remaining line will produce Unbleached Kraft Pulp ("UKP") rather than Northern Bleached Softwood Kraft Pulp ("NBSK").
Firefighters spent more than five hours tackling a blaze at a wood panel manufacturing plant near Inverness on April 4.
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