Leading Stories

Suzano SA, the world's largest producer of pulp, is in talks with banks including Mizuho Financial Group, Nomura Holdings Inc. and Mitsubishi UFJ Financial Group on the financing of a potential bid for US packaging giant International Paper Co., according to people familiar with the matter.

Paper Excellence Canada announced that it has reached a settlement with the Province of Nova Scotia, Canada, that acknowledges plans to transform and reopen Northern Pulp Nova Scotia in Pictou will not proceed and provides for a review process agreed between the Northern Pulp group and the Province of Nova Scotia that is aimed to determine whether a new, modern mill in Nova Scotia is viable. The agreement also provides for the settlement of outstanding litigation and loans between the two parties and fully addresses the pensions of former mill employees.

The U.S. Environmental Protection Agency announced PotlatchDeltic Land & Lumber, LLC, of St. Maries, Idaho, will pay $225,000 for alleged violations of the Clean Water Act.

The plan is for DuPont to turn its electronics and water businesses into their own companies in a transaction that is tax-free to shareholders. The new companies are unnamed as of now.

International Paper ("IP") announced that Jamie A. Beggs and Scott A. Tozier have been elected to IP's Board of Directors, effective May 21, 2024. The company also announced that Ilene S. Gordon has retired from the Board citing personal and health reasons, effective May 21, 2024.

Mondi is investing €200 million into a high-quality recycled containerboard machine with an annual capacity of around 420,000 tonnes at its Duino mill near Trieste, acquired in January 2023.

Sonae Arauco announces an investment in two new recycling centres in Portugal, totalling more than Euro 5 million. Strategically located in the Minho region and north of Lisbon, these two centres will complement the activity of the three already operating in the country.

Brazilian pulpmaker Suzano confirmed on Wednesday it is interested in assets owned by International Paper, but said that it has not reached any final decision about a deal.

Graphic Packaging expects to close its Randleman operations around July 9, according to paperwork filed with the N.C. Department of Commerce.

All of the employees were able to escape unharmed. The fire is believed to be electrical in nature.

Brazilian pulp and paper company Suzano has been in talks with its advisers about sweetening its $15 billion acquisition offer for International Paper, people familiar with the matter said on Monday.

Billerud's Board of Directors has decided to not proceed with plans to convert its Escanaba mill to cartonboard production. Instead, the company will target to shift its product mix gradually towards packaging materials in North America with a moderate investment level.

The decision to delay the conversion follows a recent study, which indicated that the current availability of recycled containerboard in Europe is sufficient to meet market demands.

Arauco Group has invested in the Internal Resin Injection System for their plant in Trupan, Chile. Sunds Fibertech will deliver a complete resin dosing and injection system, including automation and start-up. The start-up will be done in Q4, 2024.

Stora Enso will immediately begin the search for Seppo Parvi's successor.

The building was filled with stacks of shredded paper that were burning, making it difficult to isolate the source of the fire.

Transaction Represents 86th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products

Spirtas Worldwide is a demolition, environmental remediation and asset purchase company based in St. Louis, Missouri.

Cascades Inc. announces the appointment of Mr. Hugues Simon as its new President and CEO. Currently President of the Wood Products business at Resolute Forest Products, Mr. Simon will assume his new role no later than July 1, 2024. The appointment follows an extensive succession planning and recruitment process, supported by an international firm, in anticipation of Mario Plourde's planned retirement.

The customer focused innovation centre will help brands and manufacturers to meet increasing consumer demand for sustainable products and contribute towards a circular economy.

The Indian tissue market is expanding rapidly, driven by consumers' evolving perceptions of hygiene and personal care, Suneel Kulkarni of APRIL said.

According to the WARN notice, Graphic Packaging will permanently lay off 73 workers July 9-23.

Patricia Corsi takes over functions including global marketing and revenue growth management at the consumer packaged-goods company.

Following this transaction, Metsä Group no longer holds any assets in Russia, the company said in a statement. The terms of the deal, including the purchase price, remain confidential between the parties.

The man was exhibiting bizarre and erratic behaviors, severe agitation, and threatened violence toward law enforcement.