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Showing 6 articles from December 1, 2020.

People in the News

Aki Temmes appointed SVP, Business Control & Finance Operations at UPM

Aki Temmes is currently Senior Vice President, UPM Timber. He joined UPM in 2003 and has previously held several Business Control leadership positions in UPM Biorefining and earlier in UPM's paper business areas.

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Industry News

Mondi to open its first paper bags plant in Colombia to serve South American customers
Mondi to open its first paper bags plant in Colombia to serve South American customers

It will be Mondi's first operation in South America, reinforcing the group's strength as a global paper bags supplier with a wide local footprint.

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Sonoco Completes Divestiture of Europe Contract Packaging Business
Sonoco Completes Divestiture of Europe Contract Packaging Business

Sonoco announced it has completed the divestiture of its Europe contract packaging business to a subsidiary of Prairie Industries Holdings, a Wisconsin-based contract packaging and contract manufacturing firm backed by The Halifax Group, a Washington, D.C.-based global investment firm, for $120 million in cash.

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Leading Stories

$70 million in revenue bonds issued for Pratt expansion in Conyers, Georgia
$70 million in revenue bonds issued for Pratt expansion in Conyers, Georgia

Of the total amount, $26.5 million will fund real property and $43.5 will go toward equipment for the 300,000-square-foot expansion.

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Metsä Board to release capital from its pulp business and to focus on growth in paperboard
Metsä Board to release capital from its pulp business and to focus on growth in paperboard

Metsä Board, part of Metsä Group, has on 1 December 2020 signed an agreement to sell a 30 percent stake in its Husum pulp mill in Sweden. The buyer is the Swedish forest owners' cooperative (ekonomisk förening) Norra Skog, with whom Metsä Forest Sverige, responsible for Metsä Board's wood procurement in Sweden, has simultaneously entered into a long-term wood supply agreement.

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SCA divests SCA Wood Supply UK Ltd to BSW Timber Ltd
SCA divests SCA Wood Supply UK Ltd to BSW Timber Ltd

SCA Wood Supply UK Ltd, which is engaged in the manufacture and distribution of timber and associated products for the Home Improvement and Builders Merchant sector in the United Kingdom, has today been divested to BSW Timber Ltd. SCA will keep its organization for the sales of wood products to industrial customers in the UK.

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