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Following the announcement released on 29 January 2020, the Lecta Group (as defined below) is pleased to announce the completion of a comprehensive recapitalisation transaction (the "Recapitalisation"), as initially announced on 24 September 2019.
A serious workplace accident occurred at Valmet's site in Ovar, Portugal, on Friday, January 31, 2020. The accident caused fatal injuries to a Valmet employee. Valmet has initiated an incident investigation, in co-operation with the authorities.
Northern Pulp got the province's official blessing to continue using Boat Harbour for another three months.
A North Jersey paper mill is operating again, a year after a massive fire destroyed most of it.
A firefighter who was taken to the hospital while battling an explosion at the Arauco plant in Crawford County is expected to be released from the hospital.
Verso stockholders approved the sale of two mills as part of a $400 million deal during an annual meeting of shareholders last week.
Austrian fibres producer Lenzing said on Tuesday its plant in China was currently working at 80% of capacity due to the spread of the coronavirus but added that uncertainty could lead to a forced shutdown at any time.
Central National Gottesman Inc. (CNG), a leading sales and marketing organization in the global pulp, paper, packaging, tissue, wood products and metal industries, announced today that its Spicers Canada division has acquired the assets and business of All Graphic Supplies, expanding its position in the distribution of wide format and digital equipment, supplies and ink.
Arauco announced that it will be closing its particleboard line in Moncure, N.C., as of April 2020. Arauco's Moncure medium density fiberboard (MDF) line will be integrated with a moulding line to create an advanced MDF millwork operation.
Major Japanese paper packaging material producer Rengo Co. will acquire a 25 percent stake in a leading containerboard material maker in the Philippines to tap growing local demand.
Sonoco Products Co. said Monday that Chief Executive Robert Tiede has retired, after about 21 months in the role, and about 16 years with the company.
An explosion is being investigated at ARAUCO in Crawford County.
Verso Corporation and Lapetus Capital II LLC (together with its affiliates, including Atlas Holdings LLC, "Atlas") and Blue Wolf Capital Advisors IV, LLC ("Blue Wolf") and their respective affiliates, announced that they have reached an agreement to settle the pending proxy contest with respect to the Company's 2019 Annual Meeting of Stockholders (the "Annual Meeting") and certain other matters.
UPM takes the next transformative growth step and enters the biochemicals business by investing in a biorefinery at Leuna, Germany.
The proposed merger, which was announced in May 2019, had been set to expire on Feb. 1.
The Board will now initiate a recruitment process for a new President and CEO.
Georgia-Pacific announced that it will make an investment of more than $145 million at its Darlington, South Carolina, Dixie plant that will expand plate and bowl making operations. This investment is based on customer and consumer demand for these well-known household products.
Quad/Graphics Inc. plans to sell its Omaha packaging plant for $40 million to Atlanta-based Graphic Packaging International while also continuing investments in other packaging operations.
A financial analyst says the long-struggling Canadian newsprint industry has even tougher times ahead given recent events including a potential anti-dumping investigation in India.
The mill currently employs 236 people with an annual production capacity of 240,000 tonnes of newsprint paper.
Graphic Packaging Holding plans to purchase 15.1M partnerships units in Graphic Packaging International Partners from International Paper for $250M.
Georgia Pacific announced news last week that now makes many believe there is still a future for the plant in the region. They plan to invest $37 million into operations at the Crosset
Italian tissue manufacturer Sofidel Group anticipates an early June grand opening for its $360 million facility in Inola, Oklahoma a spokesman for the company said.
UPM is among the first global forest industry companies making this commitment.
Verso seeks state and city aid as it looks to make a costly shift.
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