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The price adjustments include timber, small sawn assortments, softwood pulpwood, hardwood pulpwood, fuelwood and grot. The price adjustments are aimed at stimulating forestry activities such as regeneration felling, thinning and conservation management.
Vattenfall and the newly established industrial collaboration Industrikraft, which currently consists of Alfa Laval, Boliden, SKF, Stora Enso and the Volvo Group, will work together to investigate the conditions for joint investments in new electricity production.
Healthy forests are essential to a healthy future for our planet: they mitigate climate change through carbon sequestration, clean our water and provide habitat that wildlife populations need to thrive. With more than 1.6 billion people reliant on them for their livelihoods, forests also deliver substantial economic benefits. And at International Paper, forests are at the heart of everything we do.
UPM has successfully issued a new EUR 600 million Green Bond under its EMTN (Euro Medium Term Note) Programme and Green Finance Framework. The bond matures in August 2034, pays a fixed annual coupon of 3,375% and is expected to be rated BBB+ by S&P Global Ratings. UPM will apply for the bond to be listed on the Irish Stock Exchange plc, trading as Euronext Dublin.
Innovations at Mondi's booth include the world's first mono-material vacuum coffee packaging, a new smooth-finished semi extensible kraft paper grade, a broad range of FunctionalBarrier Papers, and more.
Hygiene and health company Essity's targets to reach net zero greenhouse gas emissions by 2050 have been validated by Science Based Targets initiative (SBTi). The validation applies to all near- and long-term targets in Scope 1, 2, and 3. The roadmap has been developed as part of the U.N. Global Compact's "Business Ambition for 1.5°C". .
Cascades Inc. is the proud recipient of five awards recognizing the excellence of its employees and its sustainability efforts: four of the company's young leaders were named in Pulp & Paper Canada's 2024 Top 10 Under 40, and its innovative packaging solution, Cascades Fresh GUARD EnVisionTM, won a Canadian Grocer's 2024 Impact Award in the Sustainability category.
Smurfit Westrock plc announces that one of its indirect wholly owned subsidiaries, WRKCo Inc. ("WRKCo"), has applied to the Autorité des marchés financiers (the "AMF"), as WRKCo's principal securities regulator in Canada, for a decision that it has ceased to be a reporting issuer (the "Order Sought") in Québec, Manitoba and British Columbia (the "Canadian Jurisdictions").
Sofidel has been named a finalist in the Global CSR & ESG Initiative category for Ragan's CSR & Diversity Awards, recognized for its "Sofidel and Suzano for 'Together we plant the future'" campaign. This project, in collaboration with Suzano, reflects Sofidel's efforts to support environmental sustainability and social development. The recognition highlights the company's focus on meaningful global partnerships that contribute to positive change within the community and workplace.
The Magnera board of directors ("Magnera Board") will consist of nine directors, with five directors designated by Berry, three directors designated by Glatfelter, and the Chief Executive Officer.
Sustainable packaging company DS Smith has teamed up with home appliance company Versuni to launch a packaging solution for the new Philips Baristina coffee machine.
The ESG report outlines the company's Better, Every Day sustainability strategy and plans for achieving its new Better by 2030 sustainability goals designed to drive more circularity in its innovative paperboard consumer packaging, support a safe and inclusive culture, and protect environmental resources.
ISN expands support of paper and packing companies worldwide through new partnership with global leader in sustainable packaging.
Cascades is pleased to announce that its 60th anniversary mural project at its Kingsey Falls plant is now complete. The work was conceived and painted by Sherbrooke muralist Nicolas Lareau.
Senior Vice President Tom Plath to leave company at end of year
Lenzing receives highest CSR rating from EcoVadis for the fourth time in a row.
Metsä Group's pulp and sawmill business has once again achieved EcoVadis's highest level of recognition, the Platinum rating, for its sustainability efforts. Since 2019, Metsä Fibre has consistently been among the top one percent of pulp, paper, and cardboard manufacturers evaluated by EcoVadis. The company received particularly high marks (90 out of 100 points) for its responsible sourcing practices.
Sofidel, a global leading manufacturer of paper for hygienic and domestic use, is partnering with the Pennsylvania, New Jersey and Delaware Chapter of the Italian Scientists & Scholars in North America Foundation (ISSNAF) to launch the 2024 ISSNAF-PND/Sofidel AI Innovation in Marketing Award. The winner will receive a $3,000 grand prize.
Program enhancements include increased scholarship amounts and expanded enrollment capacity.
Net loss was USD 0.077747 million compared to USD 1.25 million a year ago. Basic loss per share from continuing operations was USD 0.008 compared to USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 0.008 compared to USD 0.12 a year ago.
Sustainable consumer packaging company Graphic Packaging has entered into a virtual power purchase agreement with Zelestra, marking a significant step in its sustainability journey.
DS Smith's Recyclability Evaluation Service (RES) has launched for businesses of all sizes.
Glatfelter Corporation incurred a second-quarter 2024 earnings per share (EPS) loss of 35 cents from continuing operations, narrower than a loss of 82 cents per share in the prior-year quarter.
Mercer International Inc., a prominent player in the pulp and lumber industry, reported mixed results for the second quarter of 2024. The company's EBITDA saw a significant decrease to $30 million from $64 million in the previous quarter, primarily due to planned maintenance at two of its mills.
Interfor Corporation recorded a net loss in Q2 2024 of $75.8 million, or $1.47 per share, compared to a net loss of $72.9 million, or $1.42 per share in Q1 2024 and a net loss of $14.1 million, or $0.27 per share in Q2 2023.
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