With this acquisition, Weyerhaeuser now owns or manages more than 900,000 acres of timberlands in the Carolinas, and the company also operates four mills, a distribution center and tree nursery, and hosts multiple mitigation banks and real estate development projects -- employing more than 700 people between the two states.
Mirax Group has reached an agreement to acquire Interfor Corporation's Avalon Dryland Log Sort ("Avalon") assets located in Port Mellon, British Columbia, Canada, and will operate through a wholly-owned affiliated company, Avalon Log Sort Inc. Pursuant to the agreement, Mirax Group will acquire all real property assets of Avalon and will retain all employees.
Sylvamo owns the Svetogorsk Pulp and Paper Mill in Leningrad region, Russia. The Svetogorsk mill employs more than 1700 people and produces printing papers, liquid packaging board and innovative BCTMP.
Mohawk refined and reorganized its paper portfolio into 5 distinct Collections that help make choosing paper by its properties and attributes easier. Mohawk's paper grades are now grouped into the Beautiful, Sustainable, Expressive, Elevated, and Practical Collections.
Ox Industries acquires a 150,000 square foot facility in Hanover, PA to expand its converting capacity in the Mid-Atlantic Region. The facility will house next-generation equipment and manufacturing practices and expand just in time stocking products and services.
As part of its long-term global commitment to climate protection and sustainable production, Sappi will be abandoning the use of coal at its German site in Stockstadt as a next step. To this end, the current coal-fired Boiler 9 will be decommissioned, and the mill will be operated using only renewable biomass and natural gas.
These price increases are in response to inflationary cost increases in transportation, energy, labor, chemicals, maintenance, and other raw materials and continued strong demand across the Greif paperboard and converting network.
Rayonier Advanced Materials Inc. announced that it has sold 28,684,433 common shares of GreenFirst Forest Products Inc. to a wholly-owned subsidiary of Interfor Corporation for approximately $43.3 million.
This innovative product allows customers to serve multiple markets and explore new opportunities by providing a unique alternative to polymer-based or kraft medical packaging traditionally used for nasal swabs, syringes, bandages, and other single-use applications.