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Governor Brian P. Kemp announced that Interfor, a forest products company and the largest lumber producer in the state, will invest $30 million in expanding their sawmill operations in Perry.
Sonoco announced an agreement to repurchase $150 million of its outstanding common shares in an accelerated share repurchase ("ASR") transaction with Wells Fargo Bank, N.A., using available cash on hand.
Company executives, Gov. Tate Reeves and Grenada County officials announced the $12.9 million investment.
Canadian paper and packaging company Paper Excellence will buy U.S rival Domtar Corp in an all-cash deal valued at about $3 billion, the companies said on Tuesday.
Sustainable packaging leader DS Smith, bolstering its commitment to accelerate its work in the circular economy, announced today a $140 million investment in research and development, including developing new materials to replace plastics and a testing program to strengthen corrugated cardboard and reduce G-force shock in home delivery packaging.
Local aid helps close the funding gap as ST Paper negotiates to purchase Verso Corp.'s Duluth mill and convert it to tissue production.
West Fraser plans to invest roughly US$150 million at five of its U.S. South lumber mills under its strategic capital program. Already, it's increasing the number of working shifts at mills where possible, the company said.
Interfor is announcing a $35-million improvement project in its Castlegar facility, according to vice-president of western operations Andrew Horahan.
The Verso mill was the largest employer in Wisconsin Rapids, with 905 employees, until June 2020 when the mill closed.
Drax Group will begin constructing the first of three new "satellite" pellet plants in Arkansas. The plants are together expected to produce around 120,000 metric tons of sustainable biomass pellets a year from sawmill residues, supporting the renewable energy company's plans to increase self-supply to its power station in the UK.
South Carolina environmental officials are demanding that te New-Indy mill in Catawba lower gas emissions that are making the area smell like rotten eggs.
DS Smith, the FTSE 100 sustainable packaging company, today announced a £100m R&D and innovation package to accelerate its work in the Circular Economy. The new investment over five years includes the creation of a new breakthrough technologies hub in the UK, new materials development to replace plastics and a pilot to gauge G-force shock in home delivery packaging.
Ahlstrom-Munksjö will invest EUR 58 million in a new glass fiber tissue production line in the U.S. to support the flooring industry in North America. The investment will further strengthen the company's position as a leading global supplier of high performance materials. The new line will produce a full range of glass fiber tissue nonwovens with a main focus on Luxury Vinyl Tiles and Vinyl sheet materials. Customer deliveries from the new line are expected to start in mid-2023.
With stores, consumers well-stocked on toilet paper, company plans a temporary pause.
Following a proposed conversion, ST Paper expects to employ at least 80 people at the Duluth mill.
Clearwater Paper has filed a civil case in Nez Perce County District Court against Valmet, a company that sold it some equipment used in a $160 million upgrade at the company's Lewiston operations.
Northern Pulp issued a statement Wednesday saying the company is instead drafting a new plan that calls for an overhaul of the mill near Pictou, N.S., and a more advanced treatment facility.
The Occupational Safety and Health Administration issued Pixelle Specialty Solutions a hazard alert letter on Jan. 5 but did not fine the company in relation to a digester explosion on April 2020 because no OSHA standard applies.
On Tuesday sections of the historic Whiting Paper Mill building in Menasha started to be demolished. But city leaders say the potential changes coming to the lakefront property could benefit the community.
Twin Rivers Paper Company's Edmundston pulp mill recently completed a biomass cogeneration unit maintenance shutdown; a project which began in the middle of April. In planning for more than a year, the project was designed to maintain and refurbish the co-generation unit to ensure green power continues to flow to the grid uninterrupted.
Skookumchuck Pulp has recently received three different administrative monetary penalties (AMPs) from the BC Ministry of Environment and Climate Change Strategy for non-compliance events that occurred between 2017 and 2020. Skookumchuck Pulp's performance has not changed significantly over the last two years; however, all the AMPs the mill has received in its 53-year history have occurred in the last two years.
Rayonier Advanced Materials Inc. announced a strategic investment in Anomera Inc. Anomera produces the highest quality Cellulose Nanocrystals (CNC) in the world under the brand names DextraCel™, ChromaPur™ and ChromAllur™.
General manager Krista Cuddy said the mill started making saleable paper at 12:15 pm on May 1.
Domtar is unlikely to see a higher bid than the mid $50s/share that Paper Excellence is reported to have bid, according to KeyBanc.
Pixelle Specialty Solutions and related companies claim that on April 15, 2020 a digester ruptured at the Androscoggin Mill as a result of failed welds, holding Trico Mechanical Contractors, Inc. responsible.
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