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The New York Stock Exchange will delist Enviva's stock by October 22, marking the final chapter in the company's dramatic fall from a market value of nearly $6 billion in 2022. The wood-pellet producer's financial troubles arose from a failed bet on pellet prices, pushing the firm into bankruptcy and wiping out shareholders.
Ahlstrom, a leader in sustainable fiber-based specialty materials, has signed an agreement to divest its Aspa pulp mill in Sweden to Sweden Timber. The agreement includes the pulp mill and all its operations. This is a key step in Ahlstrom's growth transformation journey, reinforcing the company's strategic commitment to sustainable specialty materials.
As previously announced, upgrade increases Kraftliner production capacity by 55,000 tonnes per annum.
Metsä Wood, part of Metsä Group, plans to discontinue plywood production in Suolahti, Finland. The plan to end production at the Suolahti mill is based on its poor profitability.
In May, Stein filed the lawsuit against the mill's Illinois-based corporate owner, arguing Pactiv Evergreen violated the terms of the incentives grant and calling for the $12 million in state funds to be returned. The company shuttered the mill in May 2023 resulting in hundreds of layoffs.
International Paper and DS Smith continue to expect the Combination to close late in the fourth quarter of 2024, subject to regulatory clearance and other customary closing conditions.
According to EMA Director Donnie Ray, the fire spread when a digester, the main equipment for making chemical paper pulp, caught fire. As of Friday evening, there are still active flames in the digester which processes wood chips.
Pactiv Evergreen is suing the potential purchaser of its Canton paper mill property, trying to force the sale to completion and saying the purchase agreement remains legally binding.
PulPac licensee, Stora Enso, announces the opening of a groundbreaking Dry Molded Fiber Production Unit in Skene, Sweden. The facility is the largest and most advanced of its kind, marking a significant milestone in sustainable packaging technology. Production is set to begin in Q4 2024 after successful large-scale testing.
The first new Dixie® facility in more than 30 years, this state-of-the-art facility will meet growing consumer product demand.
Sappi paper mill workers rallied in Skowhegan Tuesday to draw attention to concerns about several proposed changes to their union contracts.
UPM Fibres plans measures to increase efficiency and safeguard the profitability of its operations in Finland and starts change negotiations in its Fibres Finland Operations. The planned measures include the possible reduction of 110 positions.
Canadian owned and operated Atlantic Packaging Products, Ltd., located in Scarborough, Ontario, Canada, is pleased to announce the opening of its newest manufacturing plant in Hamilton, Ontario. This state of the art facility was developed in response to customer needs, allowing the company to enhance its ability to provide sustainable, high-quality packaging solutions while expanding capacity to support customer growth.
Mondi said these operations complement its existing network of corrugated plants across Central and Eastern Europe. The acquisition comprises seven corrugated converting plants, two solid board mills and four solid board converting plants.
Sappi employees were able to help keep the fire under control before firefighters arrived on scene.
Western Forest Products Inc., a major forest products company based in Vancouver, announced a significant reduction in lumber production for the final quarter of 2024. The company will curtail production at its British Columbia sawmills by 30 million board feet between October and December. For the full year, the total estimated reduction is 90 million board feet, representing 10% of the company's annual capacity.
This innovative product is the result of extensive research and development aimed at advancing electrical energy storage technologies.
A union representing hundreds of workers at Sappi North America's Somerset Mill has authorized a strike amid concerns from members over forced overtime, proposed changes to a vacation time policy and other issues.
The agency alleged the international manufacturer of paper products fired a woman from its Inola, Oklahoma paper mill for obtaining a protective order against a male coworker.
Ingevity's president and chief executive, John Fortson, has left the maker of specialty chemicals and carbon materials.
According to the Acme-Delco-Riegelwood Fire Department, a log truck turning to enter the papermill was hit in the rear by a box truck from Fayetteville. A log 3 inches in diameter then impaled the driver of the truck, going into their left stomach area.
Hurricane Helene has made a significant impact in the Southeastern United States, including in the Carolinas where we have several operations.
U.S. dock workers and port operators reached a tentative deal that will immediately end a crippling three-day strike that has shut down shipping on the U.S. East Coast and Gulf Coast, the two sides said Thursday.
The Washington State Department of Labor & Industries (L&I) has cited and fined a mill operator in Camas following an investigation into the death of a worker who was crushed by a packing machine that had no guards in place to keep people out of harm's way.
Clearwater Paper Corporation, a premier supplier of bleached paperboard and quality consumer tissue, announced that it temporarily suspended operations at its Augusta, Georgia paperboard facility and its Shelby, North Carolina tissue facility due to the impacts from Hurricane Helene. There was no serious damage to equipment and both facilities are resuming operations.
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