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Displaying Articles 1 - 25 of 2602
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Pratt to invest $400 million in new Henderson, Kentucky paper mill, create 320 jobs
Pratt to invest $400 million in new Henderson, Kentucky paper mill, create 320 jobs

Pratt Paper, a part of sustainable packaging company Pratt Industries, is planning to invest $400 million in a paper mill in Henderson, Gov. Andy Beshear announced Thursday -- resulting in 320 high-paying full-time jobs.

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Domtar, Paper Excellence Merger Approved by Stockholders
Domtar, Paper Excellence Merger Approved by Stockholders

Stockholders of Domtar Corporation today approved a proposal to adopt a business combination with Paper Excellence B.V. whereby Karta Halten B.V., an affiliate of Paper Excellence, will acquire all of the issued and outstanding shares of Domtar common stock for $55.50 per share in cash pursuant to an agreement and plan of merger dated May 10, 2021 (the "Merger").

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Metsä Board increases annual folding boxboard production capacity by 200,000 tonnes in Husum
Metsä Board increases annual folding boxboard production capacity by 200,000 tonnes in Husum

Metsä Board, part of Metsä Group, invests EUR 210 million in increasing folding boxboard capacity at its Husum mill in Sweden. The company is responding to growing demand for sustainably produced packaging materials that support the circular economy. The investment strengthens Metsä Board's position as the leading producer of folding boxboard in Europe.

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BillerudKorsnäs aims to get rid of its Beetham mill in the United Kingdom
BillerudKorsnäs aims to get rid of its Beetham mill in the United Kingdom

BillerudKorsnäs is in a process with the aim of divesting the paper mill in Beetham, UK. The process is ongoing and no binding agreement to divest the mill has yet been entered into. Since BillerudKorsnäs' machine glazed (MG) paper business has primarily been focused in Skärblacka, the strategic importance of Beetham to the rest of the group has been reduced.

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CompanyBox Completes Major Expansion
CompanyBox Completes Major Expansion

As a minority partner, Green Bay Packaging is in full support of CompanyBox's growth.

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Pactiv Evergreen to Exit Coated Groundwood Paper Business Following Years of Market Decline
Pactiv Evergreen to Exit Coated Groundwood Paper Business Following Years of Market Decline

As a result, Pactiv Evergreen will permanently cease production of coated groundwood paper at its Pine Bluff, AR location by October 31, 2021.

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Hunt Forest Products and Tolko Industries Announce New Sawmill in Bienville Parish, Louisiana
Hunt Forest Products and Tolko Industries Announce New Sawmill in Bienville Parish, Louisiana

Gov. John Bel Edwards, Hunt Forest Products co-owner James D. Hunt and Tolko President and CEO Brad Thorlakson announced that the companies will develop a new $240 million sawmill in Bienville Parish. Resulting from the collaboration of these two companies, the joint venture company will create 130 direct new jobs, with an average salary of $57,400, plus benefits. Louisiana Economic Development estimates the new sawmill will result in 387 indirect jobs for a total of more than 500 new jobs in Louisiana's Northwest Region. Approximately 300 construction jobs will be created.

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Ahlstrom-Munksjö to restart existing saturator in its Turin plant in Italy to support demand for high performance filtration media globally
Ahlstrom-Munksjö to restart existing saturator in its Turin plant in Italy to support demand for high performance filtration media globally

This decision follows a series of investments announced by the group in the last few years to strengthen the company's industrial platform and support demand growth in the industrial and engine filtration industry globally. Recent investments to strengthen the platform include a new saturator in Madisonville, Kentucky, US; a machine rebuilt in Binzhou, China; capacity expansions in Fabriano, Italy and Malmedy Belgium; and a new micro glass line in Turin, Italy.

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Metsä Board invests Euro 210 million in its Husum mill in Sweden
Metsä Board invests Euro 210 million in its Husum mill in Sweden

Metsä Board announced an investment of Euro 210 million in increasing folding boxboard capacity at its Husum mill in Sweden. The company is responding to growing demand for sustainably produced packaging materials that support the circular economy.

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Leaders oppose government funding for Northern Pulp
Leaders oppose government funding for Northern Pulp

The company has not said how it would finance its proposed $350M reopening plan.

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International Paper subsidiary Sylvamo to put headquarters in East Memphis, Tennessee
International Paper subsidiary Sylvamo to put headquarters in East Memphis, Tennessee

Sylvamo is in the process of being spun off into an independent, publicly-traded company. It will produce a variety of paper materials.

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Lenzing invests in state-of-the-art wastewater treatment at Grimsby site
Lenzing invests in state-of-the-art wastewater treatment at Grimsby site

Another milestone on the path to targeted reduction of wastewater emissions.

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New Owners: Roaring Spring Paper Mill May Have New Life
New Owners: Roaring Spring Paper Mill May Have New Life

A newly formed company, Roaring Spring Park, LLC, has just closed on the facility and has been actively involved in identifying and supporting potential uses for the plant and the site, including restarting the paper mill and/or repurposing the assets.

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Glatfelter will acquire Jacob Holm
Glatfelter will acquire Jacob Holm

Glatfelter Corporation announced that it plans to acquire Jacob Holm, the leading manufacturer of spunlace nonwoven fabrics, for approximately $308 million.

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Former Appvion mill In Roaring Spring, Pennsylvania bought
Former Appvion mill In Roaring Spring, Pennsylvania bought

Group of investors hope paper mill can resume operations.

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Rayonier Sells Two Timber Funds to BTG Pactual's Timberland Investment Group
Rayonier Sells Two Timber Funds to BTG Pactual's Timberland Investment Group

Rayonier Inc. has sold the rights to manage two timber funds (Fund III and Fund IV) that were previously managed by its Olympic Resource Management (ORM) subsidiary, as well as its co-investment stake in both funds, to BTG Pactual's Timberland Investment Group (TIG) for an aggregate purchase price prior to closing costs of $35.9 million. The transaction will be reflected in third quarter financial results.

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Stora Enso's pilot plant for producing lignin-based carbon materials for batteries is now operational
Stora Enso's pilot plant for producing lignin-based carbon materials for batteries is now operational

Stora Enso's pilot facility for producing bio-based carbon materials from lignin has started operations. This follows the company's EUR 10 million investment announced in 2019. Pilot production of Lignode® by Stora Enso, wood-based carbon for batteries, is currently being ramped up. Applications include electric vehicles and consumer electronics as well as large-scale energy storage systems.

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Canfor to curtail production at Canadian sawmills due to extreme wildfire conditions
Canfor to curtail production at Canadian sawmills due to extreme wildfire conditions

The Vancouver-based lumber producer says about 115 million board feet of capacity will be reduced during the third quarter due to significant supply chain challenges and a transportation backlog.

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Update on impact of civil unrest in South Africa on Sappi's South African operations
Update on impact of civil unrest in South Africa on Sappi's South African operations

Sappi said earlier it's not pleased over the mayhem going on, so the Sappi Saiccor, Tugela and Stanger Mills in KwaZulu-Natal temporarily ceased production as of Monday 12 July. They will resume once it is safe and practical to do so. Work on the nearly completed Saiccor expansion and upgrade project was suspended as of Friday 9 July.

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Procter & Gamble Announces First Lenor Paper Bottle Pilot and Joins Paboco Community of Pioneer Brands
Procter & Gamble Announces First Lenor Paper Bottle Pilot and Joins Paboco Community of Pioneer Brands

Procter & Gamble's Fabric & Home Care division aims to reduce plastic faster in journey to create fully bio-based bottle along with group of innovators to become part of the solution for sustainable packaging.

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Pregis invests $80 million in new film extrusion facility in South Carolina
Pregis invests $80 million in new film extrusion facility in South Carolina

Pregis, a leading global manufacturer of protective packaging, is announcing a $80 million investment in a new, state-of-the-art blown film extrusion facility in Anderson, South Carolina.

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DS Smith To Sell De Hoop Paper Mill In Netherlands To De Jong Packaging In €50 Mln Deal
DS Smith To Sell De Hoop Paper Mill In Netherlands To De Jong Packaging In €50 Mln Deal

DS Smith Plc. announced Friday the proposed sale of its De Hoop paper mill in the Netherlands to De Jong Packaging for 50 million euros or about 43 million pounds in cash.

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Essity commits to net-zero greenhouse gas emissions by 2050
Essity commits to net-zero greenhouse gas emissions by 2050

Hygiene and health company Essity presents new and updated sustainability targets including a commitment to develop targets to reach net-zero greenhouse gas emissions by 2050 at the latest. This includes raising the ambition level of Essity's current Science Based Targets. Other updated targets include sustainable innovations, occupational safety and responsible sourcing.

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Domtar to Restart Paper Machine at Ashdown, Arkansas, Mill to Meet Customer Demand
Domtar to Restart Paper Machine at Ashdown, Arkansas, Mill to Meet Customer Demand

After a period of time to ramp up production, the machine is expected to resume full operation in January 2022, allowing Domtar to add 185,000 tons of uncoated freesheet capacity to its manufacturing network. The strategic initiative will help the company maintain its leadership position in the North American uncoated freesheet paper market and deliver the service and quality its customers expect. The company estimates the restart will cost approximately $10 million.

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A Decade of Progress: International Paper Shares Final Results of Its 2020 Sustainability Goals
A Decade of Progress: International Paper Shares Final Results of Its 2020 Sustainability Goals

International Paper has released its 2020 Global Citizenship Report. One of the world's leading producers of fiber-based packaging, pulp and paper, the company shares the final progress it made against its 2020 goals and outlines its approach to sustainability across its value chain.

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Displaying Articles 1 - 25 of 2602
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