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Pactiv Evergreen Inc. announced that it has entered into a definitive agreement by its wholly-owned subsidiary, Evergreen Packaging International LLC (Evergreen Packaging), to sell its carton packaging and filling machinery businesses in China, Korea and Taiwan to SIG Schweizerische Industrie-Gesellschaft GmbH, a subsidiary of SIG Combibloc Group Ltd, for an enterprise value of approximately $335 million.
Boise Cascade Company announced the expansion of its Building Materials Distribution (BMD) operations in Minnesota and Northern Kentucky.
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 5 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.
Greif expects to use the proceeds for debt repayment.
A fire that started inside a mixing tank Friday morning, Dec. 31, at Georgia Pacific Chemicals in Taylorsville was quickly brought under control.
Huhtamaki has acquired full ownership of its Polish joint venture company Huhtamaki Smith Anderson sp. z o.o. from Smith Anderson Group Ltd. (SA). The company manufactures and sells foodservice paper bags in Eastern Europe at Huhtamaki's facility in Czeladz, Poland.
Members of the Paperworkers' Union, the Finnish Electrical Workers´ Union and the Trade Union Pro have started strikes at UPM mills in Jämsänkoski, Kouvola, Lappeenranta, Pietarsaari, Rauma, Tampere and Valkeakoski. According to the unions, the strikes will continue until 6 o'clock on 22 January 2022 unless a new collective labour agreement is reached before that.
The U.S. Environmental Protection Agency (EPA) has proposed to fine New Indy Containerboard $1.1 million over the odor dilemma in South Carolina that sparked thousands of complaints against the paper mill.
R.R. Donnelley & Sons Co., the printing and information services company, said it received a higher non-binding offer from a strategic party just days after it agreed to be bought by Chatham Asset Management LLC.
Emergency crews responded to a small electrical fire inside the Georgia Pacific Dixie facility in Fort Smith Tuesday, Dec. 28, evening.
Clearwater Paper may become a takeover target for BillerudKorsnäs if the Swedish company looks to expand its North American platform, according to RBC.
The company said in a regulatory filing that it has implemented a series of containment measures, including activating its incident response protocols and shutting down its servers and systems. It has also hired a cybersecurity expert to examine the incident while working with law enforcement authorities.
In 2022, the International Paper mill in Cantonment will switch natural gas suppliers to Pensacola Energy, significantly increasing revenue for the municipal utility while saving money for IP.
The IntegriBlend-CF product developed by GMCO is built upon Columbia Pulp's novel biopolymer chemistry platform, introducing a high-performance non-chloride alternative to dust suppression and soil stabilization applications.
The Company currently estimates that the extended downtime will be approximately 85 to 100 days, with a reduction in production of NBSK pulp of 68,000 to 80,000 tonnes and an estimated capital cost of $30 million, as well as higher associated maintenance costs. Canfor Pulp will continue to operate the second production line at the Northwood Pulp mill over this period.
Nova Scotia's Environment Department has outlined the information it wants from Northern Pulp before the environment minister will decide whether to approve the shuttered mill's plan to restart.
U.S. nearly doubled duties to 17.9 per cent last month.
The aim of the investment is to increase the flexibility of the product range available for customers and to grow the site's total capacity by approximately 10%.
The pay adjustments will be implemented as of 1 January 2022, simultaneously in all locations.
Carbon neutral production and the use of 100% renewable electricity by 2030 are among Huhtamaki's sustainability ambitions. The key global provider of sustainable packaging solutions has now taken a significant step towards reaching these ambitions by signing two 10-year virtual Power Purchase Agreements (VPPA) with global renewable energy developer BayWa r.e covering its operations in Europe. The agreements form the largest solar VPPA for the packaging industry in Europe, as well as the first major solar VPPA by a Finnish company.
Mayr-Melnhof Holz will grow with this acquisition its lumber production capacity by approximately 50 % to more than 2.7 million m3 of sawn timber per year.
AquaCast Liner is a privately held company founded in 2012, based in Newark, Delaware. The product portfolio consists of waterproof rolls and hip spica liner products under the AquaCast Liner brand, which are sold to orthopedics professionals to be used in combination with fiberglass casting.
LP Building Solutions (LP) will build a new LP SmartSide ExpertFinish prefinishing facility on 75 acres in the Town of Bath, New York. With a targeted opening date in the third quarter of 2023, the facility is projected to add more than 60 new jobs to the Steuben County community.
Huhtamäki Oyj's President and CEO Charles Héaulmé has been diagnosed with a cancer which has a very good recovery prognosis but requires a treatment period. He will therefore be taking a leave of absence from early January, to undergo treatment. He is expected back in Q2 2022.
Dunn Paper, a leading manufacturer and supplier of high performance, advanced paper and tissue for use in food, medical, and specialty markets announced the appointments of Founder Brent Earnshaw as Chief Executive Officer and promotion of Wade Kemnitz to President of the Company.
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