Leading Stories

Fire crews made quick work of a fire at the Twin Rivers Mill in Little Falls on Thursday evening, Dec. 7.

VIDA AB, owned 70% by Canfor Corporation (TSX:CFP), announced today that it will invest approximately 700 million SEK (CAD$85 million) at its Bruza Sawmill in Hjältevad, expanding production from 175 million board feet to 240 million board feet.

DS Smith CEO Miles Roberts plans to retire after 13 years, the British cardboard maker said on Thursday, as the company reported a sharp drop in half-year profits and said the macro environment was challenging for demand.

Mondi, a global leader in sustainable packaging and paper, has expanded its range of saturating kraft paper and increased capacity, in order to improve and enhance its service to manufacturers of internal and external building panels, worktops, furniture and technical films.

Strong by Form said its wood panels achieve the strength of concrete with one tenth of the weight, and also use less trees than cross laminated timber products, according to the statement.

It was not immediately known what caused the fire.

Investments to the Halsey mill will increase production capacity for high quality bath tissue, with initial production expected in 2025. By the end of this project, Georgia-Pacific will have invested over $200 million in paper machine and converting assets at Halsey since 2022.

Weyerhaeuser, one of the world's largest private owners of timberland including 1.39 million acres in Louisiana, announced it is investing $96.2 million to modernize and decarbonize its Winn Parish lumber mill. The upgraded technology is designed to increase overall safety, productivity and product reliability.

Saica Group has reached an agreement to acquire the total shares of the waste management and collection company, Ecovidal-Miguel Vidal e Hijos. Through this acquisition, Saica Natur strengthens its presence in the Henares corridor, an important business, industrial and residential area in the north-east of Madrid region.

The planned conversion of the Escanaba paper mill to produce cartonboard has stalled due to economic conditions, according to company officials.

Veritiv Becomes Privately Held Company

Green Bay Packaging -- a paper company that makes shipping containers, cartons and label products -- is set to build a new regional corporate headquarters to replace its current facility in Germantown.

The net impact of the transaction on Mativ's debt is expected to be a reduction of more than $600 million, which equates to approximately 35% of Mativ's outstanding debt balance as of the end of the third quarter, and is subject to customary post-closing adjustments.

Purchase and sale agreements with Forest Investment Associates set to increase cash flow and optimize portfolio value

The Espanola Pulp and Paper Domtar Mill will enter the final stage of idling on Nov. 30.

The European Investment Bank (EIB) has signed a SEK 1.3 billion (approximately Euro 110 million) loan agreement with Swedish company Billerud, a world-leading paper and packaging materials supplier. The loan supports investments in the modernisation and upgrade of a bioproduct mill, including the replacement of a recovery boiler.

The Saica Group has unveiled its Research, Development & Innovation (R&D&I) Centre at its El Burgo de Ebro plant in Zaragoza, Spain. The centre will service Saica's four divisions globally: Saica Natur, Saica Paper, Saica Pack and Saica Flex.

Potential layoffs would last a maximum of 90 days and could be implemented in several installments during 2024. A total of 1,100 people were involved in the change negotiations at Metsä Board's seven mill locations in Joutseno, Kaskinen, Kemi, Kyröskoski, Tampere, Simpele and Äänekoski.

It's back to business as usual at the Kruger paper mill in Corner Brook after a week-long shutdown.

UPM invests nearly Euro 10 million in the modernization of the Korkeakoski sawmill. A new split saw supplied by USNR will start operating at the sawmill in 2025.

Felix Schoeller North America is using a new silicone-coating operation at its Pulaski facility, having publicly introduced it for the first time on Nov. 15.

Opinion follows skeptical previous ruling from last year.

Boise Cascade announced an indefinite curtailment of its lumber production in Chapman, AL. The curtailment will affect approximately 80 positions. The plywood operations at the Chapman location are not part of the curtailment.

The workers had hoped to be back on the job Dec. 1, but the company says international paper markets have not recovered as anticipated.

Union workers at the Woodland Pulp mill in Baileyville have voted to accept an offer from the company, ending a strike that began October 14.