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Saica Group has reached an agreement with the family owners of LIC Packaging to increase its participation, becoming the major shareholder of the company. LIC Packaging is located in the province of Brescia, in Lombardy, northern Italy. This plant has a revenue of 120 million euros in 2023 and provide direct employment to 351 people. The Bertoldo family will remain in the management of the business.
R.R. Donnelley, or RRD, is letting go of 201 employees at its West Caldwell location, which they will be closing, according to a notice filed with the New Jersey Department of Labor.
Essity is investing in a new global center for research and development, in Alsace, France, dedicated to tissue hygiene products. The state-of-the-art facility will focus on tissue to meet the evolving demands of branded tissue in both Consumer and Professional Hygiene markets.
The fire was reported at the Packaging Corporation of America on Belton-Honea Path Highway, according to the Honea Path Fire Chief Jimmy Smith. Smith said two employees were taken to the hospital for smoke inhalation.
The investment has allowed the company to expand the size of the production space in La Chevrolière by 4,000 square meters (43,000 square feet) and has been made in response to an increasing demand for sustainable corrugated cardboard by existing and potential DS Smith customers in the region.
The province expects the expansion will maintain about 250 direct roles and is expected to create 20 new jobs.
Government acknowledges need for more supply, blames closures on corporate decisions, markets.
Georgia-Pacific announced on May 6, 2024, to its employees at the Milan corrugated plant that the facility will permanently close by July 6. During the next 60 days, operations will continue at the plant before a safe and orderly shutdown begins.
The Occupational Safety and Health Administration (OSHA), the Calhoun County Sheriff's Office and Bruce Police are working together to determine what happened.
Brazilian pulpmaker Suzano will maintain its capital discipline and would not make any move solely aimed at growing, as it is focused on adding value for shareholders, Chief Executive Walter Schalka said on Friday.
Unifor strongly condemns RYAM's statement, describing the move as "totally devoid of any human consideration."
Canfor has announced it is permanently closing its Polar sawmill in Bear Lake, B.C., shutting a production line at its Northwood Pulp Mill in Prince George, and suspending its "planned reinvestment" in Houston, B.C.
"There is no formal document or celebration of any agreement, binding or otherwise, by Suzano, nor any decision or resolution of its management bodies regarding the potential operation reported by the media," the company said in a filing.
The sale price for the refund rights is $39 million with the opportunity for the Company to receive additional future sale proceeds contingent upon the timing and terms of the ultimate trade dispute outcome.
The company insists it is also focused on completing its previously announced combination with DS Smith, which offers a unique and highly compelling opportunity to create significant shareholder value above its base plan.
Brazilian pulp and paper company Suzano has approached U.S.-based International Paper to express interest in an all-cash acquisition that would be worth almost $15 billion, according to people familiar with the matter.
Clearwater Paper Corporation announced the successful completion of its strategic acquisition of the Augusta, Georgia bleached paperboard manufacturing facility from Graphic Packaging International, LLC. Terms of the acquisition were first announced on February 20, 2024.
Nine survivors of a deadly 2017 paper mill explosion in DeRidder, Louisiana have won a record $141 million award for the Middle District of Louisiana in a lawsuit filed after the fatal blast at the Packaging Corporation of America mill.
Nine Dragons, Inc. (ND Paper) and Billerud Wisconsin LLC (Billerud) closed on an Asset Purchase Agreement, whereas ND Paper will own and operate Billerud's Wisconsin Water Quality Center (WQC) and associated landfill and F&E landfill assets.
Project aims to sell energy to N.B. Power, but no agreement yet.
A Federal Court of Appeals revives a portion of a lawsuit accusing former Appvion officials of inflating the company's value before it went bankrupt. The lawsuit was filed in 2018 by Appvion workers that were involved in the company's Employee Stock Option Plan.
Once fully operational, the two new plants will employ approximately 120 people in the community where Roseburg was founded nearly 90 years ago.
Kelly Trumbo, communications manager with International Paper, confirmed there was an incident on-site Wednesday evening where a team member was injured and transported to a local hospital.
Sappi Europe, a major producer of coated fine paper, recently announced the successful completion of the second phase of a three-part modernisation project at its Gratkorn Mill in Austria.
Canfor Corp. says it has signed a deal with an affiliate of Domtar Corp. to buy its El Dorado lumber manufacturing facility in Arkansas for US$73 million.
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