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Universal Forest Products, Inc. announced that one of its subsidiaries has closed on the acquisition of certain assets of Bigs Packaging and Lumber, LLC, a Dallas, Texas-based manufacturer of industrial wood and packaging solutions.
New York-based private equity firm Patriarch Partners closed Old Town Fuel & Fiber indefinitely 14 Aug. 2014, furloughing 180 workers
Cenveo will reportedly close its Minneapolis facility and eliminate 112 jobs. Layoffs could start as soon as 31 Dec 2014.
Momentive Specialty Chemicals Inc. announced this week the latest expansion of its Forest Products business through the construction of two new formaldehyde plants in Geismar, Louisiana and Luling, Louisiana
The new mill will have an annual production capacity of 1.5 million tons of pulp, of which 1.1 million tons is short fiber (eucalyptus) and 400 thousand tons islong fiber (pine), part of which will be converted into fluff pulp
The acquisition of J&L Fiber Services' screen cylinder product line further extends Kadant's stock-preparation product offerings of screen cylinder products applied to recycled fiber lines, thick stock, broke, and other aggressive applications
The company cautions that this unplanned suspension may potentially reduce fourth quarter revenue by $6 million to $8 million when compared to previously issued guidance
Ahlstrom Corporation, Munksjö Oyj and Munksjö AB received on February 25, 2014 a Statement of Objections from the European Commission with respect to alleged incorrect or misleading information provided in connection with the merger notification to the European Commission, submitted in 2012
The Albury Mill began operations in 1987 and produced nonwoven fabrics for use in sterile medical applications (surgical wraps and gowns), industrial applications and as a component for the manufacture of nappies
Stora Enso announced that it will invest Euro 27 million to improve the quality and cost-competitiveness and to increase the capacity of the consumer board machine 5 by 20,000 metric tons at its Imatra Mills in Finland
The company said the job cuts were part of a restructuring plan meant to reduce its costs and create greater efficiency. The cuts will amount to about 2 percent of the company's total work force of about 58,000 people world-wide
Cascades and Rackam started work on the ground-level facility in June, installing a powerful concentrated solar power (CSP) system with a surface area of 1490 m2 on a 4000 m2 lot, with the aim of reducing the consumption of natural gas used to produce the hot water required for operations at the industrial complex. The project is a first in the pulp and paper industry
A new chip plant will be constructed and one of the two pulp lines will be modified
The transaction, which is expected to close in the first quarter, will reportedly add 290 employees and a range of printing, finishing and coating additives to Reinach, Switzerland-based Archroma, the companies said, without disclosing financial details.
SCA announced that it has once again been recognized as a leader in disclosing climate change data with quality and depth to its investors and to the global market place. The achievement was announced Wednesday on the CDP Climate Leadership Awards seminar in Stockholm.
The company said new pulp dryer will allow mill in Russia to produce more than 100,000 tonnes of FSC certified softwood market pulp per year
Metsä Group announced this week that it is preparing to build a next-generation bioproduct mill in Äänekoski, Finland. The company said that the next concrete step is to demolish the existing, decommissioned pulp mill to make room for the new bioproduct mill planned for the same site.
Södra announced this week that it has begun an expansion of the Södra pulp mill in Värö. The Board of Directors at Södra made a decision in February to invest SEK 4 billion ($559 million) in a massive expansion of the pulp mill in Värö, north of Varberg.
The Kauttua plant manufactures base paper for masking tape
The spin-off will form the new publicly traded company, Halyard Health, Inc. Kimberly-Clark also increased its 2014 share repurchase program to take into account expected proceeds as a result of the spin-off.
Stora Enso announced this week that it has signed an agreement to divest its Corenso business operations to the Finnish packaging materials company Powerflute Oyj. The enterprise value of the transaction is approximately Euro 90 million, and the expected all cash consideration approximately Euro 75 million.
The purchase price excluding working capital is $48.7 million (USD) and the completion of the transaction is expected at the end of the first quarter of 2015
When the sale closes, GLV will change its name to Ovivo Inc.
Unfavorable market conditions, in particular the continuing drop in demand for newsprint, were cited as the reason for the decision
Up to 13 workers were injured Sunday, 21 Sept 2014 when a fire broke out at the Bashundhara Paper Mill
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