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Showing 14 articles from March 17, 2020.

People in the News

Rayonier Advanced Materials appoints two new independent directors to the Board

The Board will nominate David C. Mariano as a Class III Director, along with Paul Boynton and De Lyle W. Bloomquist, at the upcoming 2020 Annual Meeting of Stockholders

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Industry News

	 Tolko's updated site visitor policy in response to COVID-19
Tolko's updated site visitor policy in response to COVID-19

Only those visitors who are required for business operations to continue are permitted on site.

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Stora Enso launches sustainable premium packaging for pellets
Stora Enso launches sustainable premium packaging for pellets

Stora Enso has launched a new cardboard packaging box designed for pellets. With this new packaging, Stora Enso plays a pioneering role in the pellets industry and places sustainability, innovation and customer orientation at the centre of its developments.

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UPM signs a EUR 750 million revolving credit facility with a margin tied to long-term biodiversity and climate targets
UPM signs a EUR 750 million revolving credit facility with a margin tied to long-term biodiversity and climate targets

UPM is one of the first companies to link the pricing mechanism of a syndicated revolving credit facility (RCF) to both biodiversity and climate targets.

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Veritiv Corporation Announces $25 Million Stock Repurchase Program
Veritiv Corporation Announces $25 Million Stock Repurchase Program

Veritiv Corporation announced that its Board of Directors has authorized a $25 million stock repurchase program.

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Verso CEO St. John adds president title
Verso CEO St. John adds president title

Verso Corp. announced Friday its board of directors has elected CEO Adam St. John to serve also as the company's president, effective immediately, replacing Michael A. Weinhold, who resigned.

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Leading Stories

"Extensive damage" following blaze at International Paper mill

Extensive damage to the production lines reported. One mill employee was taken to the hospital for treatment of smoke inhalation but their condition did not appear to be serious.

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Chinese company Sun Paper abandons $1.8 billion Arkansas paper mill plan
Chinese company Sun Paper abandons $1.8 billion Arkansas paper mill plan

The announcement comes after Arkadelphia officials announced that the community was marketing the 1,000-acre site planned for the mill to other potential projects. The $1.8 billion mill was announced in 2016 but has faced uncertainty since then because of trade tensions.

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Mondi appoints Phillip Yea as chair
Mondi appoints Phillip Yea as chair

He replaces David Williams who spent more than a decade in the position.

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No injuries reported in Georgia-Pacific mill fire
No injuries reported in Georgia-Pacific mill fire

There was no significant impact to operations at Georgia-Pacific's mill in Palatka following an equipment fire.

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UFPI acquires Quest Design & Fabrication and Quest Architectural Millwork, expanding commercial construction business
UFPI acquires Quest Design & Fabrication and Quest Architectural Millwork, expanding commercial construction business

Based near Houston, Texas, Quest specializes in designing, fabricating and installing premium millwork and case goods for a variety of commercial uses, including builder's sales centers, design studios, hospitality, corporate offices, and healthcare.

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Veritiv looking at restructuring
Veritiv looking at restructuring

At this stage, it would seem that a break-up of the company as it currently operates could be on the cards.

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Supplier News

Valmet completes co-determination negotiations in the Fabrics Business Unit

Valmet will relocate the dryer fabric and wide filter fabric production from Finland to Portugal.

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Valmet to supply the world's fastest coated board making line for APP's Guangxi Jingui Pulp and Paper in China

Valmet will supply a coated board making line (PM 2) with extensive packages of automation and Industrial Internet solutions for APP's Guangxi Jingui Pulp and Paper's (GJPP) Qinzhou mill in China. The start-up is scheduled for 2021.

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