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James K. Irving, a titan in Canadian business and industry, passed away at the age of 96, leaving behind a legacy deeply intertwined with the economic and social fabric of Canada. Born into the esteemed Irving family, James, along with his brothers, John (known as Jack) and Arthur, were the sons of K.C. Irving, whose vision and enterprise laid the groundwork for one of Canada's largest and most diversified conglomerates, J.D. Irving Ltd.
Amazon is replacing plastic air pillows with recycled paper filler in North American packaging to address environmental concerns. The company has already replaced 95% of plastic air pillows in delivery packaging and aims for full removal by the end of the year, company said in a statement.
Sonae Arauco, one of the world's most relevant companies for engineered wood solutions, has transformed its first plant in Germany, the Nettgau site, into a digital plant, a format that provides an extensive and relevant set of data in real-time to support decision-making.
The repair work caused by the gas explosion in the mill's evaporation plant in March has been completed, and other annual maintenance work was done during the production shutdown.
London-listed shares in Smurfit Kappa rose on Wednesday after Bloomberg News reported that Smurfit WestRock, the company formed by a merger between the Irish packaging group and U.S. peer WestRock, will be included in S&P Dow Jones Indices's averages.
Clearwater Paper will invest $22.59 million in an expansion in Shelby that will create 13 jobs paying $60,769, on average.
Merger with International Paper moving at 'absolutely full steam' in face of separate interest from Brazil's Suzano.
Mondi has completed a €125 million investment project in its Kuopio mill, which will increase production capacity by 55,000 tonnes per annum while enhancing efficiency and improving environmental performance.
With a second e-boiler, Sappi takes a further step towards sustainability and advancing decarbonisation.
Mativ Holdings, Inc. announced it has appointed John K. Stipancich as an independent member of its board of directors, effective June 13, 2024, for a term of office expiring at the 2027 annual meeting. In connection with his appointment, Stipancich has also been appointed to serve on the Board's audit committee.
The Securities and Exchange Commission today announced that R.R. Donnelley & Sons Company (RRD), a global provider of business communication and marketing services, agreed to pay over $2.1 million to settle disclosure and internal control failure charges relating to cybersecurity incidents and alerts in late 2021.
The first curtailment will begin June 28th and run until July 15th, 2024, with a second set of reduced employee hours slated to begin august 26 to September 6th, according to the memo.
State-of-the-art technology increases the production speed of sustainable fiber-based packaging solutions.
Sodra's Mönsterås mill is strengthening its position as a producer of green electricity with a new GIS switchgear from Siemens Energy.
Metsä Group's pre-engineering project for a potential commercial-scale Muoto fibre product plant is progressing. After the pre-engineering phase, Metsä Group may consider making an investment decision. The partners selected for the pre-engineering project are Elomatic, SRV, Valmet Technologies and A-insinöörit Suunnittelu.
Hygiene and health company Essity is presenting new financial targets based on the company's portfolio following the divestment of the subsidiary Vinda. The new targets are an increase in ambition with an emphasis on profitable growth and are based on the company's robust platform with leading positions in growing and attractive markets.
Södra is investing in a production line at Värö which will create a vegetable tanning agent from bark. This new tannin can be used to process leather in a more environmentally friendly way. Scheduled to be commissioned in 2026, the plant will have the capacity to produce tannins for millions of square metres of leather.
Protective packaging supplier Sealed Air (SEE) has announced the appointment of Patrick Kivits as its new chief executive officer, effective 1 July 2024. Kivits is now serving as president of corrugated packaging at paper and packaging company WestRock, overseeing all the company's business in Central America.
Conifex announced the curtailment of its sawmill and planer operations for two weeks starting June 17, 2024. This decision follows ongoing weather-related transportation issues that have delayed spring log deliveries, resulting in lower-than-expected log inventories, according to the company.
Visy Pulp and Paper Pty Ltd must pay more than $200,000 after untreated wastewater from their Tumut paper mill polluted local creeks in October 2022.
WestRock Company, a leading provider of sustainable fiber-based paper and packaging solutions, announced that, based on the preliminary vote count, WestRock stockholders voted to approve the Transaction Agreement and other proposals related to the combination of Smurfit Kappa Group plc ("Smurfit Kappa") and WestRock (the "Combination") at WestRock's Special Meeting of Stockholders held earlier today (June 13).
Metsä Group and the technology company Andritz will investigate the possibility of building a carbon capture facility in connection with the bioproduct mill. The work focuses on the capture of 4 million tonnes of carbon dioxide from a mill the size of the Kemi bioproduct mill. The Kemi mill is the largest wood-processing mill in the northern hemisphere.
The cause is under investigation by the fire marshal's office.
The recent financing, which includes new capital investment and amendments to the Company's credit facilities, was completed in collaboration with the Company's existing lenders and has substantially bolstered the Company's cash liquidity position.
Under the terms of the agreement, Suzano will acquire a 15 percent stake in Lenzing from B&C and the two shareholders will form a long-term syndicate which will hold the majority stake (52.25 percent) in the company. Subject to the closing of the transaction, B&C will hold a 37.25 percent stake in Lenzing and keep the role as controlling member of the new syndicate, with Suzano holding the minority stake of 15 percent. The price per share will be EUR 39.70, with a total acquisition purchase price of EUR 230 million to be fully paid at closing.
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