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The cause of the pipe break is under investigation, and officials are assessing the extent of the damage to the property.
A state appeals court rejected an attempt by members of the Appvion Employee Stock Ownership Plan to recover damages after a bankruptcy filing.
Merger expected to close after market close on January 30, 2026.
No injuries were reported in the incident.
Tetra Pak takes another major step towards the next generation of sustainable packaging materials with its €60 million investment in a new pilot plant for its paper-based barrier technology at the company's facility in Lund, Sweden.
International Paper, a global leader in sustainable packaging solutions, has completed the sale of its Global Cellulose Fibers (GCF) business to funds affiliated with American Industrial Partners (AIP). As part of the sale agreement, AIP acquired the GCF business for $1.5 billion including the issuance to International Paper of preferred stock with an aggregate initial liquidation preference of $190 million.
Thunder Bay Pulp and Paper has decided to halt its newsprint production due to a significant decline in demand. This decision will impact 150 jobs as per their latest announcement on January 22. The company will be filing notices with the provincial labor ministry to implement this change within the current quarter.
About 120 employees were laid off in July, with hopes they would return to work in the new year.
Metsä Board has today signed an agreement to acquire the Winschoten Sheeting and Distribution Hub in the Netherlands from Konvertia Group. The transaction is expected to be completed in February 2026. The parties have mutually agreed not to disclose the acquisition price.
Packaging stocks rose on Friday after Packaging Corp. of America announced plans to increase containerboard prices by $70 per ton effective March 1, according to Bloomberg's Green Markets Box Report.
The statement says a major factor was last month's announcement of the closure of Domtar's pulp mill in Crofton, B.C., which Atli says effectively eliminated the demand for wood chips produced at Beaver Cove.
The Nottingham company - now part of the Smurfit Westrock firm - pleaded guilty to breaching Regulation 8(1)(a) and (c) of the Lifting Operations and Lifting Equipment Regulations 1998.
Both face burglary charges.
The construction of the terminal will be carried out through a joint venture between CMPC and Neltume Ports.
Since becoming Chief Operating Officer (COO) in 2020, Fuller has been responsible for the Company's global consumer and industrial operations as well as its diversified businesses and Information Technology.
The agreement enables Canfor Corporation to acquire all Canfor Pulp shares it does not already own. Shareholders will receive either 0.0425 Canfor Corporation shares or $0.50 in cash per Canfor Pulp share. Canfor Corporation currently owns 54.8% of Canfor Pulp's issued shares.
The Canadian Forest Sector Transformation Task Force has held its first meeting to begin work on restructuring and modernizing Canada's forest industry. The initiative aims to enhance competitiveness, sustainability, and product diversification.
Georgia-Pacific shut down the facility last July.
MM Packaging Leeuwarden, based in the Netherlands, is known for producing folding cartons and maintains relationships with customers in both the Dutch and broader European markets.
Institutional Shareholder Services has recommended that shareholders approve plans by Kleenex maker Kimberly-Clark to buy Tylenol maker Kenvue, saying a tie-up could improve financial metrics.
Due to a continued weak market and lower prices as well as a weaker USD, Rottneros forecasts a significantly lower EBITDA result in the fourth quarter of 2025 compared with the same quarter last year.
According to an arrest warrant, Allen allegedly embezzled $53,852 from the company.
Canada and China have signed a memorandum of understanding to enhance cooperation on modern wood construction as part of their new strategic and economic partnership, according to the Office of the Prime Minister of Canada.
The company said that the pilot is safe and sustained only minor injuries. Weyerhaeuser added that it's working with the FAA and the National Transportation Safety Board to determine what led up to the crash.
Smurfit Westrock one of several cardboard box makers being sued in Milan court by hundreds of firms.
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