|
|
Packaging Corporation of America on July 1 announced that it has entered into a definitive agreement to purchase the containerboard business of Greif, Inc. for $1.8 billion in cash. The transaction is expected to close by the end of PCA's third quarter, subject to certain customary conditions and regulatory approvals.
International Paper, a global leader in sustainable packaging, today announced the completion of the divestiture of five European plants to PALM Group to satisfy regulatory commitments from its acquisition of DS Smith Plc.
Western Forest Products Inc. announced that the sawmill at its Columbia Vista Division, located in Vancouver, Washington, sustained extensive damage in a fire, rendering the mill inoperable.
Rayonier Inc. announced the completion of the previously announced sale of entities holding its 77% interest in the New Zealand joint venture to a special purpose vehicle owned by an investment fund managed by The Rohatyn Group ("TRG"), a global asset manager specializing in emerging markets and real assets, for a purchase price of $710 million.
International Paper stated the facility will close on Sept. 1, 2025. As a result, 107 employees -- both salaried and hourly -- will lose their jobs.
Domtar and Cranberry Business Park Ltd. come to terms over Catalyst Paper Tis'kwat mill site.
Company to Exit Molded Fiber Business; Additional Facility Changes Planned
Approximately 290 employees will be affected by the closures, which will also reduce Canfor's U.S. lumber production capacity by 350 million board feet annually.
A unique opportunity to acquire high-capacity paper manufacturing equipment and mill support assets is set to unfold as three leading industrial asset management firms--PPL Group, CRG, and Rabin Worldwide--join forces to conduct a public auction of the former Ponderay Newsprint Mill located in Usk, Washington. The auction will be held online and the two-day sale will be on July 22nd and July 23rd. Pre-Auction offers are encouraged.
The settlement requires Domtar to remove the PFAS-contaminated sludge from the site and dispose of it in a licensed landfill. Domtar will also be required to investigate the presence of PFAs in the sediment in surface water at the site, and pay $300,000 to the Michigan Department of Environment, Great Lakes, and Energy to help clear the site of PFAS.
A northern Ontario forestry company says a train crossing Highway 560 collided Wednesday morning, June 25, with logs that were spilled by an overturned contractor's trailer.
El Paso Police Department officers responded to a call of a man with a gun, and arrived to find that the manager at the facility --identified as 46-year-old Leonardo Martinez of El Paso -- had been shot and wounded, Gomez said.
An official with International Paper told state and local leaders Monday that the company has decided to forego hiring a commercial broker and will instead handle the sale of its Georgetown mill internally.
As crews worked to suppress and extinguish the fire, numerous hot spots were found. The fire was under control and the last units cleared the scene just after 3 a.m. on June 20.
In collaboration with the AI company Terra Labs, Södra is now launching an initiative to ensure that members have continuous access to regularly updated insights about their forests. Broad knowledge of forest owners' needs is being combined with AI, automated data, and new working methods to provide members with the best possible decision-making support regarding their forest.
Due to the dry weather and wind the fire was very intense.
With the goal of strengthening the forest's role in climate transition, Södra's Research Foundation is investing SEK 8.75 million in seven research projects. The projects range from soil and growing forests to innovative solutions contributing to the green transition.
Rayonier Advanced Materials Inc., the global leader in High Purity Cellulose, and Verso Energy announced the signing of a new Memorandum of Understanding (MoU) to deepen their strategic collaboration. The agreement represents a major step forward in evaluating the development of a breakthrough facility in Jesup, Georgia, to produce electro Sustainable Aviation Fuel (e-SAF) and valorize biogenic carbon dioxide from RYAM's manufacturing operations.
Nordic Paper has entered into an agreement with a syndicate of financial institutions on a long term senior secured financing to Nordic Paper in the form of a Euro 275 million term loan B and a revolving credit facility of Euro 65 million.
Ahlstrom's Thilmany facility, an over-100-year-old paper mill, received Focus on Energy's Energy Efficiency Excellence Award for 2025, with the program celebrating the plant's achievements over the last eight years.
The acquisition, completed through the newly formed subsidiary, Barnwell Tissue Solutions, is ST's third tissue facility and brings the company's total annual production capacity to 220,000 tons. The expansion strengthens ST's position as a premier supplier of high-quality parent rolls for bathroom tissue, paper towels, and napkins across North America.
Unite, the UK's leading union, has committed to oppose the threatened closure of a packaging factory in Derbyshire, as consultations have begun.
Delivery driver claims he was deformed after incident involving caustic soda.
Officials said the company's TimberStrand facility near Monticello and Warren is expected to bring 200 "high quality" jobs to the region upon completion.
Ahlstrom, a global leader in sustainable specialty materials, has started a new state-of-the-art production line for molecular filtration media at its Turin site in Italy. This major investment strengthens Ahlstrom's leadership in the molecular filtration market and enhances its ability to serve the growing global demand for high-performance specialty materials.
|
|
|
|
